1 week ago

Brokerages Back Five Stocks With Up To 41% Upside

Several brokerages have given positive opinions on five Indian companies.

Bharat Electronics and Solar Industries may benefit from India buying and making more defence equipment.

Adani Ports may gain from growing trade and its international business.

Eternal runs businesses including Blinkit and Food Delivery, which are continuing to expand despite strong competition.

ICICI Bank is growing its loans faster and has kept its lending margins relatively strong.

The brokerages have set different target prices for the same companies.

Their estimated potential gains range from about 1.4% to 40.8% where figures are provided.

These are analyst opinions, not guarantees that the shares will rise.

Investors are advised to conduct their own research or consult a financial adviser.

Key facts

Stocks covered: Bharat Electronics, Adani Ports & Special Economic Zone, Eternal, Solar Industries India and ICICI Bank
Highest stated upside: Eternal: 40.8% to Emkay’s target price of Rs 400
Bharat Electronics targets: Macquarie: Rs 550, or approximately 33.2% upside; Goldman Sachs: Rs 445, or approximately 7.7% upside
Adani Ports target: PL Capital: Rs 2,123, or approximately 17.3% upside
Solar Industries targets: Goldman Sachs: Rs 20,180, or approximately 1.4% upside; Elara Capital: Rs 15,450, with the article not providing an upside percentage
ICICI Bank targets: Goldman Sachs: Rs 1,935, or 37% upside; Anand Rathi: Rs 1,746, or approximately 20.9% upside
Key operating figures: ICICI Bank’s credit growth was 19.9% year-on-year and its net interest margin was 4.36%; Eternal’s Blinkit net operating value grew 19.1% quarter-on-quarter.

financialexpress.com · 1 week ago