A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets.
Inox Wind
BROKERAGE: AXIS SECURITIES Price Target: Rs 185 CMP: Rs 141.9 Upside: 30.4%
- Well positioned to capture wind sector market share with stronger financials and robust order book
- Post promoter infusion, interest-bearing debt reduced to nil
- Company to return to profitability from FY25
Man Industries
BROKERAGE: EMKAY GLOBAL Price Target: Rs 500 CMP: Rs 412 Upside: 21.4%
- Stock’s doubling within one year reflects improved business prospects and greater visibility on execution of expansion plans
- Stock yet to factor in project execution which is expected to double group’s revenue in 3-4 years
- Transition from ‘potential’ to ‘delivery’ phase is likely to create meaningful shareholder value
Dr Reddy’s Laboratories
BROKERAGE: JM FINANCIAL Price Target: Rs 7,390 CMP: Rs 6400 Upside: 15.5%
- Haleon’s non-US nicotine replacement therapy unit buyout to leverage customer relationships and give opportunity to cross-sell
- Cash generating asset acquired at a reasonable value
- Acquisition alleviates concerns around post Revlimid scenario
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