Hot Stocks: 3 stocks that may give returns upto 26%

Analysts recommend upgrading TCS stock to 'buy' with a 14.6% upside. Cello World coverage initiated with a 25.6% upside driven by porcelain. Embassy REIT offers a 9% upside with improving occupancy and rental rates.

By ET Bureau | Feb 28, 2024, 05.51 AM IST

Poised to improve occupancy from the current 84% to pre-Covid levels of 95% at incrementally better rental rates

ET looks at some of the latest stock/security recommendations by analysts. These stocks/ securities are expected to return between 9% and 26% as per analysts’ price targets.

TCS
BROKERAGE UBS
Price Target: Rs 4,700 CMP: Rs 4,103 Upside: 14.6%

Upgrade stock to 'buy' from 'neutral' as company could outperform its large peers in revenue growth in FY25
Market could be positively surprised by margin expansion in the coming quarters
Stock at the lower end of its long-term valuation premium as against peers

Cello World
BROKERAGE MOTILAL OSWAL
Price Target: Rs 1,100 CMP: Rs 876 Upside: 25.6%

Initiates coverage with 'buy' as Cello is estimated to grow faster than the industry
Revenue growth of 22% till FY26 driven by strong growth from opalware, writing instruments and new products, such as porcelain
Margin expected to improve from the current levels of 23.4% to 26.7% by FY26

Embassy REIT
BROKERAGE INVESTEC
Price Target: Rs 400 CMP: Rs 366 Upside: 9%

Top REITs pick as key overhangs for the stock abating and outlook encouraging
Blackstone’s exit from the REIT removes a consistent supply overhang on the stock
Poised to improve occupancy from the current 84% to pre-Covid levels of 95% at incrementally better rental rates

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!