As 2025 draws to a close, Deven Choksey Research has unveiled its InvestPro Top Idea Picks for December, spotlighting six high-conviction stocks across diverse sectors. These recommendations are backed by strong fundamentals, resilient business models, and promising growth trajectories, offering investors potential upsides ranging from 13.9% to 25.6% over the next six months.
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DRChoksey Report
Top Stock Picks for December: DRChoksey’s High-Conviction Ideas with Up to 25% Upside.
HDFC AMC Ltd – Target Rs 3,319 (Upside: 25.6%)
DRChoksey reiterates 'Buy' rating HDFC Asset Management Company Ltd. on the stock, led by its improving market share and disciplined cost management. The management's strategic emphasis on innovation and talent alignment further strengthens its long-term competitive positioning.
At a valuation of 40x Jun’27 EPS, the stock offers the highest potential upside among the December picks at 25.6%.
Alembic Pharma – Target Rs 1,132 (Upside: 25.4%)
Alembic Pharmaceutical Ltd. is expected to maintain steady growth momentum supported by its expanding complex generics portfolio in the US, sustained traction in Ex-US markets, and a gradual recovery in the domestic formulations business.
Margin improvement is likely to continue, driven by higher plant utilization, operational efficiency, and a favorable product mix. The company’s consistent R&D investments and prudent cost management are expected to strengthen its earnings visibility and enhance return ratios over the medium term.
TCS – Target Rs 3,615 (Upside: 15.3%)
Headcount optimization, stable attrition, and wage normalization supported margins in Q2. Combined with strong deal momentum and AI-led transformation investments, these factors are expected to drive margin resilience and revenue acceleration in H2 FY26. Looking ahead, Tata Consultancy Services Ltd.’s medium-term performance will depend on its ability to scale AI- and cloud-driven transformation programs amid a cautious global IT spending environment.
While enterprise adoption of AI and digital modernization provides a strong structural growth tailwind, tight discretionary budgets and the potential for AI-led automation to compress legacy service revenues remain key risks to monitor.
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Also Read: Time Technoplast: Motilal Oswal Projects 44% Upside, Maintains 'Buy' On Attractive Valuation
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