Hot Stocks: 3 stocks which can give returns between 16-78%

A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 16% and 78% as per analysts’ price targets.

MAHANAGAR GAS
BROKERAGE: JEFFERIES Price Target: Rs 1,540 CMP: Rs 1,321 Upside: 16.6%

• Risk-reward has turned favourable after the recent stock price fall.
• Share valuations below the longterm average present an attractive opportunity to enter.
• Margin impact of price cut cushioned by the decline in feedstock cost.

ORIENT BELL
BROKERAGE: ARIHANT CAPITAL Price Target: Rs 579 CMP: Rs 324.65 Upside: 78%

• Niche player in the tiles segment which will be a key beneficiary of the real estate story.
• Current performance is at an infl exion point; the company could deliver strong numbers hereon.
• Free cash flow generation seen picking up in FY25; negative in FY24 due to weak volumes and high capex.

GLAND PHARMA
BROKERAGE: MOTILAL OSWAL Price Target: Rs 2,240 CMP: Rs 1,750 Upside: 28%

• Encouraging revival in business performance in FY24 so far after a weak FY23.
• Share valuations are attractive at 24 times the FY26 estimated price-to-earnings ratio.
• Resolution of supply chain issues, product launches and relaunches to boost sales.

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