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A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 11% and 36% as per analysts’ price targets
UNITED SPIRITS
BROKERAGE: JP MORGAN Price Target: Rs 1,510 CMP: Rs 1,351 | Upside: 11.8%
- Strong portfolio of brands (supported by Diageo’s brands) and focus on profi tability
- Favourable policy changes across key states to support growth in the coming quarters
VEDANTA ALUMINIUM METAL
BROKERAGE: KOTAK INSTITUTIONAL Price Target: Rs 600 CMP: Rs 451 | Upside: 33%
- Initiate coverage with buy; structural aluminium market deficit and elevated prices should further support earnings growth
- Strong free cash fl ow should drive rapid deleveraging and higher shareholder returns
RELIANCE INDUSTRIES
BROKERAGE: CLSA Price Target: Rs 1,800 CMP: Rs 1,328 | Upside: 36%
- New energy business, spanning solar, batteries, electrolysers and compressed biogas, set for a ramp-up; updates likely to be closely watched at the AGM.
- Advances in perovskite solar modules and wider adoption of sodiumion batteries could boost investor interest in its new energy business and help rerate the stock.
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https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-3-stocks-that-may-give-returns-between-11-36/articleshow/131844149.cms
