ICICI Securities, Motilal Oswal, JM Financial: Top stock picks for 2025

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Subscribe to enjoy similar stories. The calendar year is coming to an end with Nifty 50 seeing a correction in the final quarter after surging as much as 20.58% in the first nine months. Bidding adios to 2024, analysts at D-street got to number crunching, tossing around stock ideas for 2025.

Goldman Sachs and Motilal Oswal Wealth Management expect a market consolidation in the first half of the year as events such as RBI and the US Fed interest rate cuts, newly elected US President Donald Trump’s trade policy changes, and the Union Budget in February 2025 unfold. However, they expect a recovery in the second half with strong earnings, government spending, and wedding season. This presents a buying opportunity in several stocks at the start of the year.

We looked at several analysts’ top stock picks for 2025. Each broking house has unique stock ideas. We shortlisted ideas from ICICI Securities, JM Financial, and Motilal Oswal to compile a list of the top three stocks from each of these broking houses based on the highest upside potential. From the list of nine stocks, seven are mid-cap stocks and analysts are bullish on electronics manufacturing.

Without much further ado, we present the list of nine stocks with an upside potential of 25-49% in 2025. Starting with our most bullish analyst JM Financial, here are the top three stocks it believes have a 41-49% upside. Also Read: Top sectors to pick and avoid in 2025 The state-run company Bharat Heavy Electricals, with a market cap of ₹ 83,343 crore, is one of JM Financial’s picks for 2025.