Hot Stocks: 3 stocks that may give returns between 12-35%

Analysts predict significant upside for Reliance Industries, IIFL Finance, and Tech Mahindra. Reliance is expected to benefit from improved O2C performance and potential Jio listing updates. IIFL Finance could see sharp rerating due to microfinanc...

By ET Bureau | May 14, 2025, 05.43 AM IST

Over the next few quarters, more positive news around US corporate tax cuts, deregulation and interest rate cuts likely

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 12% and 35% as per analysts’ price targets.

RELIANCE INDUSTRIES
BROKERAGE: CITI Price Target: Rs 1,585 CMP: Rs 1416.2 Upside: 12%

O2C (Oil to Chemicals) improvement driven by higher refining margins, higher domestic fuel retail margins, and improved petrochemical spreads
Upcoming shareholder meeting will be key to monitor for any updates on proposed timelines for Jio’s listing
Anticipation of some updates on Jio’s listing in the shareholder meeting could support stock price performance heading into the event

IIFL FINANCE
BROKERAGE: HSBC Price Target: Rs 550 CMP: Rs 405.7 Upside: 35%

Upgrade stock rating to buy and raise price target to Rs 550 from Rs 380
Recovery in microfinance, higher system liquidity, and lower cost of funds should drive Earnings Per Share (EPS) recovery
Possible for the stock to rerate sharply in an earnings upgrade phase

TECH MAHINDRA

BROKERAGE: CLSA Price Target: Rs 1,976 CMP: Rs 1,572.5 Upside: 26%

Upgrade stock from outperform to ‘High Conviction’ outperform Street still underappreciating company’s earnings growth potential
Tariff war-related uncertainty could start waning from here on.
Over the next few quarters, more positive news around US corporate tax cuts, deregulation and interest rate cuts likely

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!