HDFC Bank to CG Power: Macquarie rates 5 stocks ‘Outperform’ with 22% to 57% upside potential
- Posted on July 29, 2026
- By Financial Express
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HDFC Bank to CG Power: Macquarie rates 5 stocks ‘Outperform’ with 22% to 57% upside potential
Macquarie has reiterated an 'Outperform' rating on 5 key Indian stocks—HDFC Bank, NTPC, Sapphire Foods India, CG Power, and Dalmia Bharat. Driven by governance clarity, massive capacity additions, and expanding industrial order books, the brokerage projects potential shareholder returns ranging from 22% to nearly 57% over the next 12 months.
