Analysts Picks: Stocks with 18-28% return potential

ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 18% and 28% as per analysts’ price targets.

Greenply Industries
BROKERAGE IDBI Capital
Price Target: Rs 171
CMP: Rs 139

Upside: 23%

• Initiate coverage on the stock with a buy rating
• India’s second-largest plywood company; proxy play on rising real estate sales
• Valuation at Price to Earnings (PE) ratio of 10 times is inexpensive

Aditya Birla Capital
BROKERAGE: Emkay Global
Price Target: Rs 200
CMP: Rs 156.45
Upside: 27.8%

• Initiate coverage with buy rating; core holding in Indian portfolio
• Reasons for optimism: Lending business, life insurance, new management
• Profit to grow 30% on a compounded basis by FY25 despite higher growth in insurance weighing on profit

Godrej Consumer
BROKERAGE: Motilal Oswal Securities
Price Target: Rs 1080
CMP: Rs 913
Upside: 18.3%

• Key beneficiary of the drop in raw material costs, especially palm oil
• New CEO’s focus on high-margin, capital efficient domestic business
• Valuation at PE of 34 times is inexpensive; steep discount to peers