India, Nov. 7 -- Despite investors' caution on valuations and earnings growth, the Indian stock markets continue to provide investment opportunities. According to brokerage house ICICI Securities, following the last set of quarterly results, five stocks can be identified which have significant upside potential.

These stocks span the healthcare, auto-components, speciality chemicals, power transmission, and banking sectors and should benefit from increased business, improving profits, and rising demand.

Max Healthcare Institute Max Healthcare had the highest upside potential with ICICI Securities maintaining its BUY recommendation on the stock with a target price of Rs.1300 while the current market price is at Rs.934. This shows an Ups...