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A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 12% and 35% as per analysts’ price targets.
BROKERAGE: CITI Price Target: Rs 1,585 CMP: Rs 1416.2 Upside: 12%
- O2C (Oil to Chemicals) improvement driven by higher refining margins, higher domestic fuel retail margins, and improved petrochemical spreads
- Upcoming shareholder meeting will be key to monitor for any updates on proposed timelines for Jio’s listing
- Anticipation of some updates on Jio’s listing in the shareholder meeting could support stock price performance heading into the event
IIFL FINANCE
BROKERAGE: HSBC Price Target: Rs 550 CMP: Rs 405.7 Upside: 35%
- Upgrade stock rating to buy and raise price target to Rs 550 from Rs 380
- Recovery in microfinance, higher system liquidity, and lower cost of funds should drive Earnings Per Share (EPS) recovery
- Possible for the stock to rerate sharply in an earnings upgrade phase
TECH MAHINDRA
BROKERAGE: CLSA Price Target: Rs 1,976 CMP: Rs 1,572.5 Upside: 26%
- Upgrade stock from outperform to ‘High Conviction’ outperform Street still underappreciating company’s earnings growth potential
- Tariff war-related uncertainty could start waning from here on.
- Over the next few quarters, more positive news around US corporate tax cuts, deregulation and interest rate cuts likely
https://img.etimg.com/thumb/msid-121149332,width-1200,height-630,imgsize-45264,overlay-etmarkets/articleshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-3-stocks-that-may-give-returns-between-12-35/articleshow/121149330.cms
