Hot Stocks: 3 stocks which can give returns between 16-78%
A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 16% and 78% as per analysts’ price targets.
A look at some of the by of late. These stocks are expected to return between 16% and 78% as per analysts’ .MAHANAGAR GAS
BROKERAGE: JEFFERIES Price Target: Rs 1,540 CMP: Rs 1,321 Upside: 16.6%
- Risk-reward has turned favourable after the recent stock price fall.
- Share valuations below the longterm average present an attractive opportunity to enter.
- Margin impact of price cut cushioned by the decline in feedstock cost.
ORIENT BELL
BROKERAGE: ARIHANT CAPITAL Price Target: Rs 579 CMP: Rs 324.65 Upside: 78%
- Niche player in the tiles segment which will be a key beneficiary of the real estate story.
- Current performance is at an infl exion point; the company could deliver strong numbers hereon.
- generation seen picking up in FY25; negative in FY24 due to weak volumes and high capex.
GLAND PHARMA
BROKERAGE: MOTILAL OSWAL Price Target: Rs 2,240 CMP: Rs 1,750 Upside: 28%
- Encouraging revival in business performance in FY24 so far after a weak FY23.
- Share valuations are attractive at 24 times the FY26 estimated price-to-earnings ratio.
- Resolution of supply chain issues, product launches and relaunches to boost sales.
Source: Stocks-Markets-Economic Times
