Top Midcap Stocks To Buy: Why Expert Sees Up to 67% Upside in HPCL, NALCO, Mazagon Dock, And More

Stocks To Buy: As the first quarter earnings season has begun, experts see strong upside in mid-cap companies like National Aluminium Company Limited (NALCO), Hindustan Petroleum Corporation (HPCL), Mazagon Dock Shipbuilders, Siemens Energy India, United Spirits, Marico, etc.

Mid-cap stocks are likely to report an EBITDA growth of 16.7% on a yearly basis in Q1FY27, as per an Antique Brokerage report. The brokerage also highlighted that the Nifty 50 companies are expected to report revenue/EBITDA/PAT growth of 15.1%.

Mid Cap Stock Picks By Antique

Company	M Cap (USD bn)	CMP (INR)	TP (INR)	Return (%)
Siemens Energy India	12.6	3,369	3,750	11
Marico	11.6	848	985	16
United Spirits	11	1,439	1,791	24
Mazagon Dock Shipbuilders	10.7	2,523	3,275	30
HPCL	9.1	406	679	67
Havells India	8.1	1,225	1,556	27
NALCO	6.6	343	463	35
Max Life Insurance*	5.9	1,609	1,975	23
Radico Khaitan	5.8	4,099	4,500	10

Source: Antique Stock Broking Limited report released on July 8

HPCL Target Price

Oil marketing companies (OMCs) like HPCL are set to report very weak quarter with negative EBITDA due to huge marketing losses amid elevated crude, despite retail pump price hike. However, Antique brokerage, sees nearly 67% upside in HPCL share price. The brokerage gave a share price target of Rs 679 per share for the stock. HPCL stock closed 1.32% higher at Rs 392.2 per share on BSE on Thursday, July 9.

NALCO Share Price Target

NALCO is likely to see around a 33.9% increase in its revenue in Q1FY27, aided by firm aluminium prices. Antique sees a 35% upside in the NALCO share price value in the long-term. Antoique kept a price target of Rs 463 per share. NALCO stock closed marginally lower at Rs 349.5 per share on BSE on Thursday.

Mazagon Dock Shipbuilders Share Price Target

Mazagon Dock Shipbuilders remain one of the top picks of the brokerage in the defence segment as the sector is expected to register 21% YoY growth in Q1FY27. Antique gave Mazagon Dock Shipbuilders target price of Rs 3,275 per share. Mazagon Dock stock closed 3.09% lower at Rs 2373.5 per share on BSE on Thursday.

Havells India Share Price Target

Antique Stock Broking Limited gave a target price of Rs 1556 per share for the long-term. The stock closed 1.11% lower at Rs 1191.5 per share on BSE on Friday.

United Spirits Share Price Target

The brokerage gave a target price of Rs 1791 per share for United Spirits. The stock closed 2.11% lower at Rs 1380.05 per share on BSE on Thursday.

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