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Over the last couple of weeks as Q1 results rolled in, some largecap stocks took a beating in share price as revenues and net profits took a hit in the quarter. Auto companies took an additional hit from the GST impact and the SC ruling on BS emission norms.

A closer look at fundamentals proved useful for analysts, as some big gun stocks - thanks to overall weak market sentiment and subdued results - now look competitively priced. Here is a rundown of the biggest picks with double-digit upsides in target price from analysts, for investors looking for largecaps stocks with lower volatility but still holding value in the coming year.

Tata Motors:  Tata Motors hit a new year low in the past week on a weaker than expected Q1. Analysts are projecting a sales recovery for this company, as it rolls out new JLR models (which already have advance bookings and long waiting periods) and sees delayed growth in markets including UK and Europe. This stock has received buy calls from HDFC Securities, Motilal Oswal, Prabhudas Lilladhar in the past week. 

State Bank of India (SBIN): State Bank of India management budgeted conservatively for loan slippages and a large at risk corporate exposure, and failing agri loans. All of this rose slippages, worrying investors. Analysts estimate that a challenge for SBI in the last quarter has been the merger with other state banks, and with that now completed the bank should be able to focus on operational efficiencies and growth in the coming Qs. Another positive was thattThe watchlist declined to 1.3% vs. 1.66% QoQ, with the drop in power and other segments. The bank has received buy calls from HDFC Securities and ICICI Securities.

Tata Steel: Another largecap Tata stock to regain analyst enthusiasm is Tata Steel. The company looks finally set for strong quarters, saying it is close to resolution on the UK pensions issue. Regulations are also now in its favor: domestic steel companies are gaining from measures protecting them from future falls in steel price. Tata Steel is also benefiting from increased domestic capacity and strong profitability in both India and Europe. Domestic spreads according to analysts, are improving. The company got buy calls from Axis Direct, HDFC Securities and ICICI Securities, all in the last week.,

Mahindra and Mahindra: M&M saw inline performance for Q1 after adjusting for the GST impact, and the management says it expects the upcoming quarters to be strong for the company. Costs for GST transition had hit EBITDA margins, disappointing investors. However a good monsoon is set ro reap benefits for the company in the rural and agri segment, with tractors set to see a sharp uptick in sales. The company received buy calls from HDFC Securities, Motilal Oswal, ICICI Securities. 

For five consecutive days the Sensex lost both momentum and gains as global markets took a hit and the US and North Korea had a war of words with one another, and as North Korea threatened to launch missiles against a US military base. Diplomacy seems to have eventually won out, at least for now, and the US and global markets have seen some recovery today. 

During the week however, there were some stocks that bucked the trend and stayed in the green, ending the week on a gain. The week filter on the price screener identifies the top firms in that list. These companies have been in the green on strong Q1 results. This includes PC Jeweller, whose share price gained by over 14% during the week and saw a steady quarter in its June results. The firm expects a boost in sales in the coming festival season, thanks to a strong monsoon and upbeat consumer sentiments. The company is also in a sector where organized firms are set to gain with the GST bringing unorganized sector players into the tax net. 

Relaxo Footwear is another company that gained in share price over last week. The company posted good results for the Q1 ending June 2017, with double digit growth in revenues. One of the expected benefits from the Modi government's Make in India focus is for the leather sector in which Relaxo operates, with the government looking to boost growth in the sector via grants, subsidies and additional incentives. 

Edelweiss Financial Services, which saw double digit net profit and revenue growth in the June quarter, was also a net gainer, as well as Britannia Industries which beat consensus estimates in net profit, revenue and EBITDA margins to deliver growth. For the full screen of these companies, click here.