8 small, midcap stocks with upside potential of up to 50%. How many are in your portfolio?
Amber Enterprises India flagged a risk.
· ET Stocks, Economic Times Markets
PL Capital remains cautious after the Nifty’s eight-week losing streak, warning against expectations of a V-shaped recovery. Despite market uncertainty, the brokerage favours eight small and midcap stocks, including CESC, Amber Enterprises and Healthcare Global, citing potential upside of 13-50%.
The analysis
Amber Enterprises India reported movement of 50% and -50%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.7% on the day at ₹6,690.00, and has returned -16.8% over three months. It sits 24% below its 52-week high. The consumer durables sector has moved -9.3% over the same period, so Amber Enterprises India is running 7.5 points behind its peers.
For Amber Enterprises India, the question is how much of this is already reflected in the price and how much re-rates the consumer durables peer set alongside it.
Market context
- The company directly in focus is AMBER.
- Sector exposure: Consumer Durables, Capital Goods & Engineering, Capital Markets.
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