Hot Stocks: 3 stocks that may give returns between 16-33%

Shivalik Bimetal Controls, Ethos, and PNB Housing Finance show promise with strategic initiatives for growth and margin sustenance despite challenges. Analysts recommend these stocks with potential upsides ranging from 16% to 33%.

By ET Bureau | Jun 27, 2024, 05.53 AM IST

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 33% as per analysts’ price targets.

Shivalik Bimetal Controls
BROKERAGE: JM FINANCIAL Price Target: Rs 730 CMP: Rs 588.30 Upside: 24%

Ethos
BROKERAGE: EMKAY GLOBAL Price Target: Rs 3,200 CMP: Rs 2,771 Upside: 16%

Preferred pick in the discretionary space given strong 25% compounded growth potential
Total addressable market expanding with HNI count growing and potential entry of ultra luxury watch brands
Low ROCE (Return on Capital Employed) has been a key investor concern

PNB Housing Finance
BROKERAGE: IIFL SECURITIES Price Target: Rs 1,050 CMP: Rs 792 Upside: 33%

Put behind tumultuous period post IL&FS crisis through fund raising and rating upgrade
Management change, stressed assets clean-up, operating model revamp has also helped
Focus on affordable and emerging prime loans doubles to help sustain margins

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