New year stock picks 2026: Why M&M, Marico, Hindustan Petroleum offer up to 20% potential upside
As markets step into 2026 amid shifting global cues, volatile flows, and divergent sectoral trends, stock selection is set to matter more than broad index moves. Analysts believe 2026 will reward companies with strong balance sheets, earnings visibility and pricing power, even as macro uncertainties—from interest rates to geopolitical risks—linger. But investors willing to ride momentum could consider three stocks suggested by Sumeet Bagadia, Executive Director at Choice Broking to make handsome gains up to 20%. Take a look!
Written by
, ETMarkets.com|
Dec 31, 2025, 09:53:10 AM IST
![]()
1/4
Solid Bets
As markets step into 2026 amid shifting global cues, volatile flows, and divergent sectoral trends, stock selection is set to matter more than broad index moves. Analysts believe 2026 will reward companies with strong balance sheets, earnings visibility and pricing power, even as macro uncertainties—from interest rates to geopolitical risks—linger. But investors willing to ride momentum could consider three stocks suggested by Sumeet Bagadia, Executive Director at Choice Broking to make handsome gains up to 20%. Take a look!
iStock
![]()
2/4
Buy M&M at Rs 3,650- Rs 3,540 | Upside: 18%
Target: Rs 4,000/4,180
Mahindra & Mahindra continues to trade in a strong long-term uptrend and is currently undergoing a healthy consolidation after a sharp rally. The stock is forming a falling wedge–like structure near the top, indicating controlled profit booking rather than a trend reversal. The stock remains a buy at CMP. The key structural support for the broader trend is seen at Rs 3,350.
IANS
![]()
3/4
Buy Marico at Rs 741- Rs 723 | Upside: 18%
Target: Rs 820/855
Marico continues to trade in a strong long-term uptrend, supported by a well-defined rising channel on the daily chart. After a sharp recovery from the March lows, the stock has been consolidating within this upward sloping channel, indicating healthy consolidation and sustained accumulation rather than any trend reversal. Major structural support lies at Rs 690.
ETMarkets.com
![]()
4/4
Buy Hindustan Petroleum at Rs 470- Rs 460 | Upside: 20%
Target: Rs 525/550
Hindustan Petroleum continues to trade in a strong long-term uptrend, having resumed its bullish structure after an earlier corrective phase. The stock has posted higher highs and higher lows and is currently undergoing a healthy consolidation near the upper end of the range, indicating profit booking rather than a trend reversal. The stock remains a buy at CMP, with potential for a fresh upside move. Support is seen at Rs 442.