Brokerage firms raised target on these 10 stocks that will give 15-45% returns:
Brokerage firms: The bears completely dominated bulls in this week ended on February 19th. The Nifty and Sensex break their crucial levels due to weak global cues. However, some of the broking agencies suggested these stocks that will give 15-45% returns in the coming few weeks.
On Friday, both Sensex and Nifty continue their bearish trend in the stock market from the last three sessions of the market. The Sensex is trading below 50,900 levels and nifty trading below 15,000 levels in the stock market. The Sensex lost 434.93 points with a 0.85% decrease and reached 50,889.76 levels. While the nifty lost 137.20 points with a 0.91% decrease and reached 14,981.75 levels.
In the border markets, the S&P BSE SmallCap index reported a bearish trend in the stock market on Friday. It lost 153.02 points with a 0.76% decrease and reached 19,863.41 levels. But, the S&P BSE MidCap lost 340.12 points with a 1.67% decrease and reached a 20,035.52 level. While the Nifty Bank lost 745.40 points with a 2.04% decrease and reached 35,841.60 level.
Whereas the brokerages suggest top 10 stocks that will give 15-45% returns in the coming few weeks are shown below:
TTK Prestige: Neutral
The recovery momentum of the company after the pandemic shows very positively, as the company report strong Q3 results. Whereas the rise in margins and revenue of the company leads to a 12-13% EPS rise. The main reason for this is the company promoted new launches during the quarter.
On the other side, the brokerage firm Credit Suisse suggests a Neutral call with a target price of Rs. 6,400.00 per equity share.
Max Financials: Buy
The companies reporting strong growth in every quarter compared to the peers. So that the long-term VNB margin of the stock at 23%. While the brokerage firm Nomura sees VNB/APE CARG at 23/19% as against the financial year 2020-23.
Besides, the companies ROEV during the quarter stood at 19-20% as against FY21-23. Moreover, the deal between Max Financial and Axis Bank will help further.
So, considering all these the brokerage firm Nomura suggests a Buy call with a target price of Rs. 875.00 per equity share.
Sun Tv: Buy
During the quarter, the IPL revenue to the company is a big advantage. But, the advertisement growth of the company is not up to the mark. The company focusing on its movie business will benefit. While the brokerage firm CLSA rise FY21-23 profit estimates by 4-8% respectively.
So, the brokerage firm suggests a Buy call with a target price of Rs. 645.00 per equity share.
Torrent Pharma: Buy
The company continuing its strong growth every quarter by expanding its margins. However, the brokerage firm CLSA reduces its FY21-23 EPS estimates by 2%.
On the other side, the brokerage firm suggests a buy call with a target price of Rs. 3,560.00 per equity share.
PNC Infra: Buy
The large order book and low leverages are positives for the company. Besides, the companies strong cash flows reported a record high during the quarter. So the brokerage firm Nomura raises its EPS estimates by 11% for FY22 due to strong order inflows.
On the other side, the brokerage firm raised the target from Rs. 225.00 per share to Rs. 364.00 per equity share.
Apollo Hospitals: Outperform
The companies strong margins from the hospital business during the quarter beats the estimates. While the profitability from AHLL & Proton break-even aid earnings. The brokerage firm Credit Suisse rise the EPS estimate for FY21 at Rs. 6.10 compared to Rs. 1.90 earlier.
Moreover, the brokerage firm upgraded the stock to Outperform with a target of Rs. 3,160.00 per equity share.
Motherson Sumi Systems: Buy
The companies Q3 results broke all estimates from the brokering firms. While the EV order book gives strong visibility. Moreover, the margins were increased on the basis of cost reduction and premiumization by the company.
On the other side, the brokerage firm Nomura initiated a Buy call with a target price of Rs. 252.00 per equity share.
The brokerage firm Credit Suisse downgraded the stock from outperform to neutral. The strong weather risk is given the dependence on the single category. The high market share in the competitive AC category & thus prone to disappointment.
So for that, the brokerage firm downgraded the stock from outperform to neutral with a target of Rs. 1,025.00 per equity share from Rs. 870.00 per share earlier.
State Bank of India: Overweight
The stock has much option value in earnings & multiples. We see a material upside risk to earnings due to higher NIMs. The wage hike cycle has ended & the rate cycle is turning. Besides, the lower credit cost aided by moderation in corporate NPLs & lumpy recoveries.
So the brokerage firm Morgan Stanley upgraded the stock to Overweight with a target of Rs. 600.00 per equity share from Rs. 525.00 per share earlier. In terms of the bull case, the target price of the stock at Rs. 765.00 per equity share.
IndusInd Bank: Buy
The brokerage firm raises its EPS estimates by 3% in the FY22-23 after its Q3 results. However, it is one of the top picks in the banking sector. The brokerage firm Citi initiated a buy call with a target of Rs. 1,300.00 per equity share.