9 Nifty200 stocks with up to 40% upside potential: Do you own any?

Written by Ritesh Presswala , ETMarkets.com| Jul 12, 2026, 11:03:40 AM IST 1/10 Analyst Picks Analyst forecasts go beyond mere numbers.

They offer a strategic lens into future market potential.

For investors searching for the next breakout opportunity, several Nifty200 stocks stand out as compelling picks.

Consensus estimates from Trendlyne suggest that many Nifty200 companies could deliver significant returns over the next 12 months.These upside projections, which reflect expected price appreciation, provide a data-backed benchmark for investors seeking high-potential opportunities within the Nifty200 universe.

In this analysis, we highlight nine standout stocks that are covered by more than five analysts and offer estimated upside potential of 25% to 40% over the next year iStock 2/10 Kalyan Jewellers Kalyan Jewellers is currently trading at Rs 476.

Based on analyst estimates, the average target price stands at Rs 666, indicating a potential upside of 40%.

Among the 9 analysts tracking the stock, the consensus rating is Strong Buy.

Agencies 3/10 swiggy Swiggy is currently trading at Rs 273.

Analysts have set an average target price of Rs 372, suggesting a potential upside of 36%.

Out of 27 analysts covering the stock, the consensus rating is Buy.

ETMarkets.com 4/10 HDFC Life Insurance HDFC Life Insurance is currently trading at Rs 568.

The average analyst target price is Rs 771, implying a potential upside of 36%.

Among the 34 analysts tracking the stock, the consensus recommendation is Strong Buy.

ETMarkets.com 5/10 Indian Railway Catering and Tourism Corporation Indian Railway Catering and Tourism Corporation is currently trading at Rs 503.

Analysts have an average target price of Rs 674, indicating a potential upside of 34%.

Out of 9 analysts covering the stock, the consensus rating is Buy.

Agencies 6/10 Mahindra & Mahindra Mahindra & Mahindra is currently trading at Rs 3,129.

The average target price of Rs 4,119 suggests a potential upside of 32%, according to analyst estimates.

Among the 34 analysts tracking the stock, the consensus rating is Strong Buy.

ANI 7/10 Reliance Industries Reliance Industries is currently trading at Rs 1,308.

Analysts have set an average target price of Rs 1,695, implying a potential upside of 30%.

Out of 31 analysts tracking the stock, the consensus recommendation is Strong Buy.

Agencies 8/10 UPL UPL is currently trading at Rs 594.

Based on analyst estimates, the average target price is Rs 765, indicating a potential upside of 29%.

Among the 18 analysts covering the stock, the consensus rating is Buy.

ETMarkets.com 9/10 Astral Astral is currently trading at Rs 1,333.

Analysts have assigned an average target price of Rs 1,709, suggesting a potential upside of 28%.

Out of 29 analysts tracking the stock, the consensus recommendation is Buy.

ETMarkets.com 10/10 NTPC NTPC is currently trading at Rs 344.

The average analyst target price stands at Rs 438, implying a potential upside of 27%.

Among the 27 analysts tracking the stock, the consensus rating is Strong Buy.