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Brokerages initiated coverage on Kirloskar Oil Engines, Union Bank of India, APL Apollo Tubes with ‘buy’ ratings. Their price targets imply returns of 16% to 24% based on Monday’s closing price.
KIRLOSKAR OIL ENGINES
BROKERAGE: JEFFERIES Price Target: Rs 2,815 CMP: Rs 2,266.10 Upside: 24%
- Niche product play in a consolidated genset industry, which has pricing discipline
- Strong demand outlook with an estimated 22%. Earnings Per Share growth over FY26-30 on a compounded basis
APL APOLLO TUBES
BROKERAGE: BOFA SECURITIES Price Target: Rs 2,170 CMP: Rs 1,803.70 | Upside: 20%
- Best risk-adjusted play in building materials given its leadership, execution and relative valuation
- Leader in India’s structural steel tubes market and the best way to play the category’s long growth runway
UNION BANK OF INDIA
BROKERAGE: IDBI CAPITAL Price Target: Rs 187 CMP: Rs 161 | Upside: 16%
- Stock trades at 1 time estimated Price to Adjusted Book Value, a discount to peers despite a superior return profile
- CASA (Current Account and Savings Account) franchise build and operating leverage are the twin re-rating catalysts
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https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-3-stocks-that-may-give-returns-between-16-24/articleshow/132228002.cms
