Power Grid, Suzlon, UltraTech among 5 stocks with 28% potential upside. Here’s why – Conviction Calls

The CMP is Rs 2,272. Dalmia announced a fresh capacity expansion plan involving a 6 MTPA cement unit and 3.5 MTPA clinker unit at Kadapa and a 3 MTPA bulk terminal in Chennai, with a capital outlay of Rs 3,287 crore. With improved utilisation and incremental capacity coming onstream, the company is projected to deliver a 7% volume CAGR over FY25–27E.

(Uttam Kumar Srimal, Axis Securities)