Returns on these securities are anticipated to range from 11% to 26%.

  • Aug. 30, 2022, 1:04 p.m.

ET takes a look at some of the top stock recommendations by analysts. These stocks are expected to return between 11% and 26%, as per analysts’ price targets.


Brokerage on the NSE: 1.41%

Motilal Oswal Price Target: Rs 290 | Current Market Price: Rs 231.4 | Potential Gain: 25.3%

Corporate Radar: Vedant Fashions to turn ex-dividend, AGMs and more

The brokerage has raised its price target on the stock to Rs 290 from Rs 275 while maintaining a buy rating, citing strong coal demand in 2022 and 2023. Coal India, which has a dividend yield of 7.2%, is its top stock pick in the metals and mining sector. "We believe with the continued heat wave in China, the hydro electricity production should be reduced further. Therefore, increasing


"Motilal Oswal Securities expects an NSE 1.45% on thermal coal," the firm said. "We further believe Europe will continue to re-open as well as increase the life of its remaining thermal power plants in a bid to shift away from Russian gas, and in the process will fuel demand for thermal coal."


NSE brokerage is 2.07%.


Securities Price Target: Rs 562CMP: Rs 479.4 | Potential Gain: 17.2% NSE 1.40%

HDFC Securities has set a bull case fair value of Rs 562 and a base case fair value of Rs 508 on the stock. It said investors must buy the stock in the Rs 455–461 band and add more on declines to Rs 402. The brokerage said the stock’s valuation is cheaper than its multinational peers and that the


An NSE Group company has a strong financial profile.


NSE 0.80% 
Anand Rathi is the broker. 
CMP: Rs 540 |Rs 675 is the price target.Upside: 25% 

Anand Rathi has recommended traders to take bullish bets on Aurobindo for three months with a stop loss of Rs 472. The brokerage said the stock has made a "bullish crab harmonic" pattern, which is looking "lucrative. "The stock has been under pressure for quite some time, but at this juncture it’s trading near its crucial support," said Anand Rathi. "Previously, the stock turned from this level and we saw a rally to Rs 820 (approximately)."

Home First Financing

NSE 1.31% 
Brokerage: Investec India 
Rs 1,100 is the price target. 
CMP: Rs 955 |Gain Potential: 15.2%

Investec has raised its price target on Home First to Rs 1,100 from Rs 950 while reiterating its buy rating, citing loan growth expectations. The company’s Price to Book (P/B) is trading at a discount to its peers in the affordable housing finance business on account of its lower Return on Equity (RoE) profile, the brokerage said. "We expect HFFC’s ROE to improve to 15–16% by FY25E, driven by an increase in financial and operating leverage," said Investec. "Also, we expect its loan growth to be in the first quartile in the sector on account of its small size, planned distribution expansion, and superior tech stack."


NSE 3.38% 
Morgan Stanley is the broker. 
CMP: Rs 8,835 | Rs 9,839 is the price target. Upside: 11.4% 

Morgan Stanley has rated Maruti an overweight after launching two projects: the Suzuki Motor Gujarat EV battery manufacturing facility for advanced chemistry cell batteries and the first phase of Maruti’s vehicle manufacturing facility in Haryana. "MSIL won’t be the first OEM to launch EVs in India but it will have the highest localisation as it will source cells from Suzuki Gujarat," said the brokerage. "Thus, in the long run, the project economics should work better."

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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