stock recommendations: Hot Stocks: 3 stocks that may give returns between 16-33%

stock recommendations: Hot Stocks: 3 stocks that may give returns between 16-33%

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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.

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

Ethos
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

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