Hot Stocks: 3 stocks that may give returns between 16-24%
Brokerages initiated coverage on Kirloskar Oil Engines, Union Bank of India, APL Apollo Tubes with 'buy' ratings. Their price targets imply returns of 16% to
Brokerages initiated coverage on Kirloskar Oil Engines, Union Bank of India, APL Apollo Tubes with 'buy' ratings. Their price targets imply returns of 16% to 24% based on Monday’s closing price.KIRLOSKAR OIL ENGINES BROKERAGE: JEFFERIES Price Target: Rs 2,815 CMP: Rs 2,266.10 Upside: 24% Niche product play in a consolidated genset industry, which has pricing discipline Strong demand outlook with an estimated 22%. Earnings Per Share growth over FY26-30 on a compounded basisAPL APOLLO TUBES BROKERAGE: BOFA SECURITIES Price Target: Rs 2,170 CMP: Rs 1,803.70 | Upside: 20% Best risk-adjusted play in building materials given its leadership, execution and relative valuation Leader in India's structural steel tubes market and the best way to play the category's long growth runwayUNION BANK OF INDIA BROKERAGE: IDBI CAPITAL Price Target: Rs 187 CMP: Rs 161 | Upside: 16% Stock trades at 1 time estimated Price to Adjusted Book Value, a discount to peers despite a superior return profile CASA (Current Account and Savings Account) franchise build and operating leverage are the twin re-rating catalysts
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