ET looks at some of the stock recommendations by analysts of late. These stocks are expected to return between 16% and 23% as per analysts’ price targets.
DCB Bank
Brokerage Price Target CMP Upside
Bobcaps Rs 144 Rs 123.85 16.3%
- Expect strong 18% credit growth on a compounded basis over FY23-FY25, which is 1.4 times industry
- Network expansion and a sharp focus on retail products to drive growth
- Improved return ratios along with growth can fetch higher valuations
Manappuram Finance
Brokerage Price Target CMP Upside
Morgan Stanley Rs 183 Rs 148.85 22.9%
- Kerala HC’s direction to ED to return and release company documents sho uld remove the existing stock overhang
- Overweight thesis on Manappuram premised on its sustained shift in loan mix away from gold loans
- Valuation at P/E (Price to Earnings) of 5 times and P/B (Price to Book) around 0.9 times attractive.
Global Health (Medanta)
Brokerage Price Target CMP Upside
Motilal Oswal Financial Rs 840 Rs 717.85 17%
- Initiate buy rating given its strong business prospects and surplus cash
- Assign premium valuation on healthy execution skill set, strong brand recall, and growth visibility
- Scaled up bed capacity to nearly 2,700; intends to add over 1,300 beds over three years.
