Hot Stocks: 3 stocks that may give returns between 16- 24%

Here's a look at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 24% as per analysts’ price targets

Here's a look at some of the latest by . These stocks are expected to return between 16% and 24% as per analysts’ .

BROKERAGE: MOTILAL OSWAL Price Target: Rs 2,900 CMP: Rs 2,460.8 Upside: 17.8%

Merged entity emerged stronger than the standalone businesses of and Shriram City Union Finance
Scope for further re-rating if the company can sustain the execution on asset growth, margins, and credit costs
Sale of part or complete stake in Shriram Housing can further unlock value

BROKERAGE: HAITONG Price Target: Rs 327 CMP: Rs 265.3 Upside: 23.4%

Maintain outperform rating, though lower product prices deterring growth
FY24 gross margins at 40.5% back to almost FY19 levels; further scope for improvement
Cut profit estimates by 19% in FY25 and 5% in FY26 based in line with cyclical recovery expectations

BROKERAGE: B&K SECURITIES Price Target: Rs 250 CMP: Rs 215.5 Upside: 16%

Initiate coverage with buy rating on attractive valuations
Ability to operate on low margins with negative working capital is a key moat for the business
Potential de-merger of the resort business could further unlock value for the company

Source: Stocks-Markets-Economic Times