Bandhan Bank, UPL, Macrotech and Nykaa offer highest upside potential

Consensus target price for these stocks well above current market price

With markets trading at lofty valuations, many investors are looking for bottom-up investment ideas. There are several ways to identify individual stocks that could be winning bets. Under the bottom-up approach, investors often look for stocks that appear attractive on parameters such as price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and earnings growth potential.

The top-down approach involves taking a macro call on the market, economy or a particular sector or theme.

A bottom-up screener applied here involves looking for stocks that offer maximum upside potential vis-à-vis their consensus target price (TP) compiled by Bloomberg.

We have collated the TP of