Hot Stocks: 3 stocks that may give returns between 12-46%
Analysts predict growth for Reliance Industries, focusing on its AGM and potential Jio IPO. Indiamart Intermesh is upgraded with a higher price target due to business upcycle and initiatives. Mahanagar Gas anticipates volume growth and benefits from potential CNG/EV transition in Mumbai. These stocks show promise for investors seeking returns.
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Reliance's AGM will be an important event in the upcoming quarter for the stock
Details around JioStar, quick commerce offering, FMCG expansion plans fresh triggers for the stock
Any hints on the potential Jio IPO could act as another crucial trigger for the stock
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Upgrade stock to 'buy' from 'reduce'; business is entering a new demand upcycle
Valuation shall rerate due to improving growth trajectory; raise price target from Rs 2,100
Recent initiatives, including algorithmic changes to enhance the quality of leads for paying suppliers and a rebound in visitor traffic, to drive sustainable growth
Healthy volume growth of 10% on a compounded basis over 2–3 years likely
Proposal evaluating the feasibility of phasing out petrol & diesel vehicles in Mumbai and replacing them CNG/EVs positive
City distribution gas sector consolidation is inevitable, Mahanagar being a potential beneficiary
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 12% and 46% as per analysts' price targets.BROKERAGE: CLSA Price Target: Rs 1,650 CMP: Rs 1,457 | Upside: 12.5%BROKERAGE: NUVAMA Price Target: Rs 3,800 CMP: Rs 2,661 | Upside: 46%BROKERAGE: CITI Price Target: Rs 1,700 CMP: Rs 1,445 Upside: 17.6%
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