Hot Stocks: 3 stocks which can give returns between 29-40%

ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 29% and 40% as per analysts’ price targets.

ET looks at some of the latest by . These are expected to return between 29% and 40% as per analysts’ .

BROKERAGE: YES SECURITIES Price Target: Rs 505 CMP: Rs 389.4 Upside: 29.8%

Upgrade stock to 'buy' for the fi rst time since its listing
Market currently pricing in an acute scenario for the firm which will not transpire
Client loss due to reputational damage and on-ground confusion will be contained

BROKERAGE: MORGAN STANLEY Price Target: Rs 235 CMP: Rs 167.4 Upside: 40%

See significant re-rating opportunity
Diversification away from gold is in right direction for earnings growth
Deregulation of loan pricing for the microfinance industry should help subsidiary Asirvad

BROKERAGE: DAM CAPITAL Price Target: Rs 1,257 CMP: Rs 939 Upside: 33.9%

In second-half of FY24, the firm will use Glenmark Life stake sale proceeds to fix legacy issues
Leveraged balance sheet, cash flow generation challenges, and limited returns on R&D spends drags on firm valuations
Expect investor focus to now shift towards Glenmark’s business prospects

Source: Stocks-Markets-Economic Times