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 Clean Science and Technology, Data Patterns (India), Heranba Industries, Latent View Analytics, Medplus Health Services are the top five recently-listed stocks which have good long-term growth potential, said brokerage house Religare Broking.

The brokerage house sees 25-31 per cent upside in these stocks.

Clean Science and Technology is one of the specialty chemical companies which has a strong presence in global markets and it focuses entirely on developing newer technologies which are eco-friendly and cost-competitive.

It has a strong customer base that includes manufacturers and distributors in China, Europe, the US, Taiwan, South Korea, Japan as well as in India.

"They have 2 manufacturing facilities in India strategically located at Kurkumbh in Maharashtra and have recently commenced the 3rd manufacturing unit. Moreover, they have also allotted land for the construction of a fourth facility," the brokerage said.

The growth in the specialty chemical business is expected to be driven by increasing demand and large usage of chemicals in sectors such as construction, pharma, agrochemical, and personal care.

The brokerage keeps the target price at Rs 2,509, as against its current market price of Rs 1,963.

For data patterns, target price is kept at Rs 842, as against around Rs 676 currently.

Data Patterns (India) is a vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry.

The Centre's push towards domestic defense manufacturing will aid growth to the company, the brokerage said.

"The company is at advantage as it has a strong presence across the entire value chain for defence and aerospace platforms such as space, air, land and sea," it said.

Data Pattern is well placed in the defence and aerospace electronics sector and it would benefit from the 'Make in India' policy as it has strong manufacturing capability in India and its presence across the entire value chain.

For agrochemical company Heranba Industries, the target price is at Rs 832, as against the current price of Rs 605.

"Given its expertise in agrochemicals, coupled with a wide distribution network, strong manufacturing capability and expansion plan bodes well for future growth," it added.

For pureplay data analytics services company Latent View Analytics, the target price is at Rs 532, as against its current price of Rs 400.

The brokerage believes the company has distinctive product offerings, relevant experience and capabilities to manage customers which will aid in driving the company's revenue and operating efficiencies.

"The company has maintained long term relationships with several marquee enterprises by providing quality and customized services. Going ahead, the company's strategy is to work towards innovation, increase geographic presence and expand via inorganic growth opportunities."

Lastly, for the pharmacy retailer Medplus Health Services, the target price is at Rs 1,215, as against the current price of Rs 984.

Going forward, the company intends to grow its omnichannel platform with a hyper-local delivery model, enter new geographies and increase the share of private labels which will aid revenue growth.

Besides, investment in technology infrastructure, improving the supply chain as well as increasing operating efficiency will help drive margins, the brokerage added.