Sunday , Sept. 22, 2024, 11:10 p.m.
News thumbnail
Business / Sat, 29 Jun 2024 The Economic Times

Hot Stocks: 3 stocks that may give returns between 15-31%

Well positioned to capture wind sector market share with stronger financials and robust order bookPost promoter infusion, interest-bearing debt reduced to nilCompany to return to profitability from FY25Stock’s doubling within one year reflects improved business prospects and greater visibility on execution of expansion plansStock yet to factor in project execution which is expected to double group’s revenue in 3-4 yearsTransition from 'potential’ to ‘delivery’ phase is likely to create meaningful shareholder valueHaleon’s non-US nicotine replacement therapy unit buyout to leverage customer relationships and give opportunity to cross-sellCash generating asset acquired at a reasonable valueAcquisition alleviates concerns around post Revlimid scenario(You can now subscribe to our(You can now subscribe to our ETMarkets WhatsApp channelA 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 BROKERAGE: AXIS SECURITIES Price Target: Rs 185 CMP: Rs 141.9 Upside: 30.4%BROKERAGE: EMKAY GLOBAL Price Target: Rs 500 CMP: Rs 412 Upside: 21.4%BROKERAGE: JM FINANCIAL Price Target: Rs 7,390 CMP: Rs 6400 Upside: 15.5%

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

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

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

(You can now subscribe to our

(You can now subscribe to our ETMarkets WhatsApp channel

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 BROKERAGE: AXIS SECURITIES Price Target: Rs 185 CMP: Rs 141.9 Upside: 30.4%BROKERAGE: EMKAY GLOBAL Price Target: Rs 500 CMP: Rs 412 Upside: 21.4%BROKERAGE: JM FINANCIAL Price Target: Rs 7,390 CMP: Rs 6400 Upside: 15.5%

logo

Stay informed with the latest news and updates from around India and the world.We bring you credible news, captivating stories, and valuable insights every day

©All Rights Reserved.