Brokerage Picks: Top Brokerage Picks: These companies may give returns between 19 % to 37 %
ET looks at some of the stock recommendations by analysts of late. These companies are expected to return between 19 % and 37 % as per analysts’ price targets.
Sona BLW
BROKERAGE: JEFFERIES
Price Target: Rs 575
CMP: Rs 420.80 | Upside: 36.6%
- Order book of Rs 23,800 crore (9 times FY23 estimated revenues), which is yet to start execution and
- provides strong revenue visibility
- A key overhang of stake sale by Blackstone is behind it
- At 38 times FY24 estimated P/E, valuations appear rich but could sustain on a strong outlook
Page Industries
BROKERAGE: MORGAN STANLEY
Price Target: Rs 44,500
CMP: Rs 47,410 | Upside: 19%
- Stock offers a compelling opportunity for long-term investors
- Growth moderation in the last two quarters is a temporary blip and much shallower than in 2019
- The 25% P/E de-rating over the past six months is lower than the 45% P/E decline in 2018-19
Vedant Fashions
BROKERAGE: MORGAN STANLEY
Price Target: Rs 1,354
CMP: Rs 1,140 | Upside: 18.8%
- High business margins and a strong balance sheet are important moats
- New brands (Twamev, Manthan and Mohey) provide additional growth levers
- At 56 times estimated P/E, absolute valuations are high, but in line with discretionary peers; high valuations are because of given strong market share gain and revenue prospects
Related Posts
Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
