Business News

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 expandTATA STEELBROKERAGE: EMKAY GLOBAL Price Target: Rs 185 CMP: Rs 155 | Upside: 19% Initiate coverage with buy rating on expected Europe business turnaround and valuation comfortInvestor 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 MOTHERSON BROKERAGE: 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