A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 12% and 25% as per analysts’ price targets.
DLF
BROKERAGE: JEFFERIES Price Target: Rs 985 CMP: Rs 830 Upside: 18.7%
- Risk-Reward favourable with stock trading below net asset value (NAV), strong cash flows
- Recent stock underperformance on concerns over Gurugram residential demand
- Stock’s discount to NAV factors in these concerns
Ashok Leyland
BROKERAGE: GOLDMAN SACHS Price Target: Rs 290 CMP: Rs 246 Upside: 17.9%
- Profitability boost in FY25 with R&D expense expected to reverse in coming quarters
- Better monsoon, steady infrastructure spending, and stable macroeconomic indicators support business visibility in the rest of FY25
- Current valuation underestimates the upside opportunity in margin and sustainability in the mix shift towards higher tonnage vehicles
Indus Towers
BROKERAGE: CITI Price Target: Rs 500 CMP: Rs 445 Upside: 12.4%
- Prima facie enthused by buyback proposal to reward shareholders
- Signals confidence in free cash flow improvement and past dues recovery from Vodafone Idea
- If Bharti does not participate, the buyback could lead to its stake crossing 51% from 48.95%
Bandhan Bank
BROKERAGE: CLSA Price Target: Rs 240 CMP: Rs 192 Upside: 25%
- Valuations at one-time Price to Book (PB) are attractive and should re-rate with steady performance over the next few quarters
- Even at Rs 240, the stock would be cheap at nine times Price to Earnings (PE) Ratio
- Further re-rating would require clarity on the CGFMU (Credit Guarantee Fund for Micro Units) audit and management transition (new CEO appointment)
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