Brokerage firm Citi has listed five stocks, ICICI Prudential Life Insurance Ltd., Jubilant Foodworks Ltd., Voltas Ltd., Lupin Ltd., and HPCL as their five "contrarian" stock picks for 2026. The brokerage expects a potential upside of up to 40% for these picks.

For 2026, Citi remains "overweight" on banks, telecom stocks, autos, healthcare and defence, while it remains "underweight" on IT services, consumer staples and metals.

Here's a look at Citi's five contrarian picks:

ICICI Prudential Life

The stock's weak performance in the first nine months of calendar year 2025 was led by a sharp slowdown in growth and investor concerns over sustained margin repricing, according to Citi. The brokerage said that growth haws started to revive from October as the base has normalized.

The company h

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