Friday, December 27, 2024

Hot Stocks: These stocks are expected to give 13%-41% returns

Tuesday, August 1, 2023, 0:39
This news item was posted in Business category and has 0 Comments so far.

ET looks at some of the stock recommendations by analysts. These stocks are expected to return between 13% and 41% as per analysts’ targets.Bank of IndiaBROKERAGE: MORGAN STANLEY Price Target: Rs 120 CMP: Rs 85.39 Upside: 40.5% Stock remains attractive at 0.5 times FY24 estimated book value; Not pricing in potential earnings turnaroundAsset quality and balance sheet remain strong.Legacy stressed assets appear adequately providedSiemens BROKERAGE: JEFFERIES Price Target: Rs 4,520 CMP: Rs 3,999 Upside: 13% Majority of minority shareholders reject sale of Siemens’ Low Voltage motors division to the parent Possible scenarios ahead include parent offering higher value or the sale seeing some delay Stock a play on the railways and transmission capex cycle and should surprise on earningsHome First Finance BROKERAGE: KOTAK INST EQUITIES Price Target: Rs 1,100 CMP: Rs 869.95 Upside: 26% Expect company to deliver 20-23% earnings growth in the next three years Company performance allays fears of the execution risk of consistent compounding, competition, and ability to maintain margins Early delinquencies increased in line with seasonal trends; expect catch-up over time

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