Hot Stocks: 4 stocks that may give returns between 17-27%

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 17% and 27% as per analysts’ price targets.

HDFC BANK

BROKERAGE: CITI Price Target: Rs 2,200 CMP: Rs 1,825 | Upside: 21%

• Advances growth will gain traction after bottoming out in third quarter
• Expect over 7% deposit growth in fourth quarter
• No unusual stress in any segment; credit costs expected to be contained

GLENMARK PHARMACEUTICALS

BROKERAGE: HSBC

Price Target: Rs 1,785 CMP: Rs 1,521 | Upside: 17%

• Out-licensing deal for ISB 2001 could act as a re-rating trigger
• Upgrade rating to buy from hold on favourable risk-reward
• Operating margins in base business could expand

TATA STEEL

BROKERAGE: EMKAY GLOBAL

Price Target: Rs 185 CMP: Rs 155 | Upside: 19%

• Initiate coverage with buy rating on expected Europe business turnaround and valuation comfort
• Investor concerns over captive mine re-auctions in 2030 unwarranted; iron ore prices in medium term declines
• Tata’s Europe business could be at an inflection point toward profitability

SAMVARDHANA MOTHERSONBROKERAGE: CLSA Price Target: Rs 167 CMP: Rs 132 | Upside: 27%

• Stock has the potential to double in three years
• Improving Return on Capital Employed, leaner balance sheet and better target market outlook to drive re-rating Outperform rating due to recent stock decline and expectations of margin-accretive mergers and acquisitions