The Indian stock market saw declines since April 7, with the Nifty 50 down 2.2%. This came after US President Trump announced a 26% reciprocal tariff on Indian imports on April 2. The fall was part of a broader global sell-off as investors moved to safer assets like US Treasury bonds and gold. On Wednesday, with the US stock and bond market falling, Trump announced a 90 day pause on higher tariffs for most countries while the US negotiates deals.
Despite the volatility, some analysts still see value in a few stocks. Here are five stocks with a ‘Buy’ rating from analysts. Two of them, Hindalco Industries and Prestige Estates, hit new 52-week lows in the week. The other three are down over 20% from their year highs.
1. PTC Industries:
ICICI Securities maintains its ‘Buy’ rating on this industrial products manufacturer with a target price of Rs 20,070. This indicates an upside of 52.4%. Aeroalloy Technologies (ATL), a unit of PTC Industries, received a long-term order on March 28 from Safran Aircraft Engines to supply seven cast parts for LEAP-1A (Airbus A320neo engines) and LEAP-1B (Boeing 737 Max engines). This order comes as PTC is expanding capacity at its Uttar Pradesh Defence Industrial Corridor.
Analysts Amit Dixit, Mohit Lohia and Pritish Urumka believe this deal could boost PTC’s earnings in the near term. They highlight that ATL is emerging as a key local supplier for Safran to support LEAP engine production, which powers many domestic airline fleets.
Dixit, Lohia, and Urumka expect PTC to add major capacities in 2025. This includes starting a new metal melting unit by April and expanding its casting and forging facilities by the end of the year. They project the company’s revenue to grow at a 104% CAGR over FY25-27.
2. Power Grid Corporation of India:
Sharekhan maintains a ‘Buy’ rating on this electric utility company with a target price of Rs 350, indicating an upside potential of 19.2%. In Q3FY25, Power Grid secured 11 transmission projects under the tariff-based competitive bidding (TBCB) framework. The company spent Rs 17,651 crore on capex during 9MFY25. As of December 2024, its order book stood at Rs 1.4 lakh crore.
Analysts believe that the government’s plan to increase renewable energy capacity to 500 GW by 2030, along with the national electricity plan (NEP) investment of Rs 9.2 lakh crore for transmission lines, provides Power Grid with an opportunity to secure inter-state transmission system (ISTS) projects worth Rs 1.9 lakh crore by FY32.
The management is targeting a capitalization of Rs 25,000 crore, with capex guidance of over Rs 28,000 crore by FY26. Analysts expect Power Grid to invest approximately Rs 3.3 lakh crore until FY32, driven by renewable energy capacity additions. They project a 6% CAGR in net profit over FY25- 27.
3. Prestige Estates Projects:
Motilal Oswal reiterates its ‘Buy’ rating on this Bangalore-based realty firm with a target price of Rs 1,725, indicating a potential upside of 59.8%. Prestige Estates Projects (PEPL) has a diverse portfolio covering residential, office, retail, and hospitality segments. The company added 15 million square feet (msf) of new projects in 9MFY25. Analysts Abhishek Lodhiya and Yohan Batliwala highlight that with a launch pipeline of Rs 80,000 crore, PEPL’s presales are expected to grow at a 14% CAGR, reaching Rs 31,500 crore by FY27.
The company is expanding its commercial and hospitality segments, adding 43 msf of commercial space. It expects rental income from this segment to grow at a 53% CAGR and reach Rs 1,950 crore by FY27. In the hospitality segment, analysts expect revenue to rise annually by 20%, based on estimates for about 3,000 hotel rooms, out of a total pipeline of 4,760 rooms planned in the near term.
Lodhiya and Batliwala note that the company’s upcoming launches and strong pipeline are not fully reflected in the current stock price. They estimate PEPL's net asset value (NAV) at Rs 56,900 crore and expect its net profit to grow at a 10.6% CAGR over FY25-27.
4. Hindalco Industries:
Anand Rathi retains its ‘Buy’ rating on this aluminium company with a target price of Rs 800, indicating an upside potential of 41.8%. Analysts Parthiv Jhonsa and Prakhar Khajanchi believe the company’s recent announcements strengthen its long-term growth visibility.
At the 2025 Investor Day, Hindalco announced a $10 billion capex plan covering both Novelis (its subsidiary), and its India operations. Novelis aims to raise its recycled content from 63% to 75%, cut emissions, and improve return on capital. The company reiterated its long-term EBITDA/tonne guidance of over $600, supported by scale, better pricing, and a stronger product mix. Its 6 lakh tonne Bay Minette facility in the US is on track for completion in H2CY26 and is expected to deliver $1,000/tonne EBITDA at peak utilization.
In India, Hindalco plans to increase its aluminium smelting capacity to 15 lakh tonnes from the current 13.5 lakh tonnes and downstream capacity from 4.3 lakh tonnes to 6 lakh tonnes by FY28. It has earmarked Rs 5,200 crore to expand alumina, copper, and specialty alumina capacities.
5. J K Paper:
Geojit BNP Paribas initiates a ‘Buy’ rating on this paper manufacturer with a target price of Rs 392. This indicates a potential upside of 25.6%. The company’s Q3FY35 sales volume, however, fell by 6% YoY, and net sales dropped 4.4% YoY to Rs 1,632 crore due to weak domestic demand and increased paper imports.
Analyst Sheen notes that in Q3FY25, JK Paper’s EBITDA margin declined by 1,155 bps to 10.3% due to rising raw material costs and high wood prices. The analyst expects the company’s margins to improve from FY26 onwards, supported by easing raw material costs, increased demand for packaging boards, and a diversified product mix.
Over the past three years, JK Paper has expanded into the packaging business through acquisitions in the corrugated (cardboard containers) packaging segment. The analyst is optimistic that government initiatives, such as import tariffs, agroforestry support, and eco-friendly incentives, will help the company tackle competition, stabilize costs, and improve profitability.
Note: These recommendations are from various analysts and are not recommendations by Trendlyne.
(You can find all analyst picks here)
