ET examines some of the most recent stock recommendations made by analysts. These stocks are anticipated to yield returns ranging from 16% to 38% based on analysts’ price targets.
Indus Towers
BROKERAGE: BOFA SECURITIES
Price Target: Rs 280
CMP: Rs 240.5
Upside: 16%
Vodafone Idea’s potential capital raise for network expansion is seen as a positive for Indus Towers as it is expected to bring in additional business. However, if Vodafone fails to clear its outstanding dues, Indus Towers may not be involved in any new rollout projects. If Indus Towers receives its dues amounting to $635 million, it may consider declaring a special dividend, resulting in a dividend yield of 8-9%.
FSN E-Commerce (Nykaa)
BROKERAGE: UBS
Price Target: Rs 210
CMP: Rs 152
Upside: 38%
The stock is rated neutral by UBS as the potential for Nykaa to dominate the fashion segment is yet to be proven. The management is optimistic about overall growth and margin expansion opportunities. The B2B ecommerce business is still in its early stages but holds significant potential to offer a comprehensive range to global beauty brands.
Asian Paints
BROKERAGE: MACQUARIE
Price Target: Rs 4,000
CMP: Rs 2,983
Upside: 34%
Despite the entry of Grasim into the paints industry, Macquarie maintains an outperform rating for Asian Paints due to its track record of effectively defending market share. The company’s strong market position may shield it from the impact of new entrants. However, a significant decline in demand poses a potential risk to near-term sales growth.
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