Hot Stocks: 3 stocks that may give returns between 22-36%
Analysts predict significant returns for NTPC, Ather Energy, and Varun Beverages. CLSA projects a 35.4% upside for NTPC, citing continued re-rating. NUVAMA initiates coverage on Ather Energy with a buy rating, anticipating strong growth in the EV ...
By ET Bureau |
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Under-penetration of the soft drinks category provides growth opportunity
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 22% and 36% as per analysts’ price targets.
NTPC
BROKERAGE: CLSA Price Target: Rs 459 CMP: Rs 338 Upside: 35.4%
ATHER ENERGY
BROKERAGE: NUVAMA Price Target: Rs 458 CMP: Rs 345 Upside: 32.4%
VARUN BEVERAGES
NTPC
BROKERAGE: CLSA Price Target: Rs 459 CMP: Rs 338 Upside: 35.4%
- See continued re-rating, which started in 2021
- NTPC is back to its trading discount to the Nifty of early 2018, but it's still above the long-term discount to the Nifty
- Has committed to a $31bn capex plan over FY26–28, 2.4 times the prior 3-year period
ATHER ENERGY
BROKERAGE: NUVAMA Price Target: Rs 458 CMP: Rs 345 Upside: 32.4%
- Initiate coverage with buy; top pick in the two-wheeler segment
- Electric Vehicles likely to drive the next decade of growth for the two wheeler industry.
- Company could be a significant beneficiary of the country’s EV growth
VARUN BEVERAGES
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BROKERAGE: HSBC Price Target: Rs 640 CMP: Rs 521 Upside: 22.6% - Reiterate buy rating and raise price target to Rs 640 from Rs 620
- Attractive relative valuations; stock trading at Price to Earnings Ratio of 42 times based on 2027 earnings estimates, a 15% discount to the FMCG peer multiples in India.
- Under-penetration of the soft drinks category provides growth opportunity
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