stocks: These stocks could return 14%-41% as Dalal-Street rally intensifies

Foreign investors are stepping up their Indian purchases share and the sentiment on Dalal Steet has improved further. ET has compiled a list of stock recommendations from analysts at brokerages. Based on price target by these brokers, the stock can return between 14% and 41%.

Broker: Credit Suisse

Target price: Rs 720

CMP: Rs 593.3

Corporate radar

Potential increase: 21.3%

The agency reduced the stock’s target price to Rs 720 from Rs 790, while maintaining a better performance Rating. The brokerage has cut its earnings-per-share estimate from fiscal year 23 to fiscal 25 by 4-9% due to concerns about lower operating margins and slower growth in operations. trade in common injectable drugs. Credit Suisse said the company’s global generic injection sales guidance would be difficult to achieve.

Broker: CLSA

Target Price: Rs 850

CMP: Rs 688.6

Potential increase: 23.4%

CLSA raised its target price of the stock to Rs 850 from Rs 805 and maintained its buy rating. The brokerage said it is bullish on the property developer as it focuses on the Bangalore property market, where housing demand outlook remains strong. CLSA said Sobha generated free cash flow for the seventh consecutive quarter from April to June, which led to its debt levels falling.

Broker: Bank of America

Target Price: Rs 945

CMP: Rs 682.1

Potential increase: 38.6%

Bank of America said the stock could be revalued if the insurance giant continues to achieve growth and profit margins. The brokerage said that LIC is trading at a strong 70% discount on a Price-to-Enterprise Value basis compared to its domestic listed peers. It said LIC remains focused on strengthening its non-corporate business, which will help it balance the product basket and improve overall margins.

Broker: Morgan Stanley

Target Price: Rs 3,015

CMP: Rs 2,632.6

Potential increase: 14.6%

Morgan Stanley says Reliance’s annual report for fiscal year 22 focuses on the energy transition and sustainability. “Investors always look at balance sheet health deeply, but RIL’s new energy plans also stand out this year in its annual report,” the broker said, adding assign an overvalued rating to the stock.

Zee Entertainment
Broker: Ambit Capital

Target Price: Rs 340

CMP: Rs 241.8

Potential increase: 40.5%

“We expect the company to leverage its market leadership position with increased investment based on Sony’s global OTT content expertise and the dominant presence of panIndia TVs,” said Ambit. ZEEL”. The brokerage says Zee’s valuation based on a Price-to-Earnings (PE) ratio is ‘no claim’, 12 times its estimated earnings for fiscal 24. Zee can yield a RoE ratio of twelfth%.

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