Hot Stocks: 3 stocks that may give returns between 13-26%

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 13% and 26% as per analysts’ price targets.

SWIGGY
BROKERAGE: JP MORGAN Price Target: Rs 730 CMP: Rs 582 Upside: 25.4%

• Company to catch up across food delivery (FD) and quick commerce (QC) with renewed focus and improved execution
• Stock trading at 32–42% discount to Zomato that appears overly pessimistic
• Bolt (10 min FD) could help Swiggy regain share

MOTILAL OSWAL FIN SERV
BROKERAGE: INVESTEC Price Target: Rs 1,200 CMP: Rs 954 Upside: 25.8%

• All operating businesses well-positioned and gaining market share
• Invests excess cash generated by operating businesses in equity, enhancing shareholder value
• Change in equity market sentiment is a key risk

DR REDDY’S LABS
BROKERAGE: NOMURA Price Target: Rs 1,500 CMP: Rs 1,326 Upside: 13%

• Upgrade stock to buy as risk-reward is favourable
• Relative underperformance of stock suggests that concerns about the high contribution of
• Revlimid are priced in Catalysts are sustaining aboveaverage market growth in India, and low-competition injectable launches in the US