Hot Stocks: 3 stocks that may give returns between 11-36%

A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 11% and 36% as per analysts’ price targets

UNITED SPIRITS
BROKERAGE: JP MORGAN Price Target: Rs 1,510 CMP: Rs 1,351 | Upside: 11.8%

• Strong portfolio of brands (supported by Diageo’s brands) and focus on profi tability
• Favourable policy changes across key states to support growth in the coming quarters

VEDANTA ALUMINIUM METAL
BROKERAGE: KOTAK INSTITUTIONAL Price Target: Rs 600 CMP: Rs 451 | Upside: 33%

• Initiate coverage with buy; structural aluminium market deficit and elevated prices should further support earnings growth
• Strong free cash fl ow should drive rapid deleveraging and higher shareholder returns

RELIANCE INDUSTRIES
BROKERAGE: CLSA Price Target: Rs 1,800 CMP: Rs 1,328 | Upside: 36%

• New energy business, spanning solar, batteries, electrolysers and compressed biogas, set for a ramp-up; updates likely to be closely watched at the AGM.
• Advances in perovskite solar modules and wider adoption of sodiumion batteries could boost investor interest in its new energy business and help rerate the stock.