Hot Stocks: 3 stocks that may give returns between 12-46%
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 12% and 46% as per analysts’ price targets.
BROKERAGE: CLSA Price Target: Rs 1,650 CMP: Rs 1,457 | Upside: 12.5%
- Reliance’s AGM will be an important event in the upcoming quarter for the stock
- Details around JioStar, quick commerce offering, FMCG expansion plans fresh triggers for the stock
- Any hints on the potential Jio IPO could act as another crucial trigger for the stock
INDIAMART INTERMESH
BROKERAGE: NUVAMA Price Target: Rs 3,800 CMP: Rs 2,661 | Upside: 46%
- Upgrade stock to ‘buy’ from ‘reduce’; business is entering a new demand upcycle
- Valuation shall rerate due to improving growth trajectory; raise price target from Rs 2,100
- Recent initiatives, including algorithmic changes to enhance the quality of leads for paying suppliers and a rebound in visitor traffic, to drive sustainable growth
MAHANAGAR GAS
BROKERAGE: CITI Price Target: Rs 1,700 CMP: Rs 1,445 Upside: 17.6%
- Healthy volume growth of 10% on a compounded basis over 2–3 years likely
- Proposal evaluating the feasibility of phasing out petrol & diesel vehicles in Mumbai and replacing them CNG/EVs positive
- City distribution gas sector consolidation is inevitable, Mahanagar being a potential beneficiary
