Hot Stocks: 3 stocks that may give returns between 16-33%
ET Online
Synopsis
Shivalik Bimetal Controls, Ethos, and PNB Housing Finance show promise with strategic initiatives for growth and margin sustenance despite challenges. Analysts recommend these stocks with potential upsides ranging from 16% to 33%.
By ET Bureau
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 33% as per analysts’ price targets.
BROKERAGE: JM FINANCIAL Price Target: Rs 730 CMP: Rs 588.30 Upside: 24%
BROKERAGE: EMKAY GLOBAL Price Target: Rs 3,200 CMP: Rs 2,771 Upside: 16%
PNB Housing Finance
BROKERAGE: IIFL SECURITIES Price Target: Rs 1,050 CMP: Rs 792 Upside: 33%
(You can now subscribe to our ETMarkets WhatsApp channel)
ADVERTISEMENT
Shivalik Bimetal Controls BROKERAGE: JM FINANCIAL Price Target: Rs 730 CMP: Rs 588.30 Upside: 24%
- Simultaneous play in switchgear, smart metering and EVs
- Emerged as a monopoly in the domestic market for shunt resistors
- Short-term, soft recovery in global markets could lead to low revenue growth
BROKERAGE: EMKAY GLOBAL Price Target: Rs 3,200 CMP: Rs 2,771 Upside: 16%
- Preferred pick in the discretionary space given strong 25% compounded growth potential
- Total addressable market expanding with HNI count growing and potential entry of ultra luxury watch brands
- Low ROCE (Return on Capital Employed) has been a key investor concern
PNB Housing Finance
BROKERAGE: IIFL SECURITIES Price Target: Rs 1,050 CMP: Rs 792 Upside: 33%
- Put behind tumultuous period post IL&FS crisis through fund raising and rating upgrade
- Management change, stressed assets clean-up, operating model revamp has also helped
- Focus on affordable and emerging prime loans doubles to help sustain margins
(You can now subscribe to our ETMarkets WhatsApp channel)
