stock recommendations: Hot Stocks: 3 stocks that may give returns between 18- 59%

Here’s a look at some of the latest stock recommendations by analysts. These stocks are expected to return between 18% and 59% as per analysts’ price targets.

Dr Lal Pathlabs

BROKERAGE MORGAN STANLEY Price Target: Rs 2,681 CMP: Rs 2,266 Upside: 18%

  • Initiate coverage with ‘overweight’ given strong execution track record, brand recall
  • Will sustain share valuations owing to stable revenue growth and profitability
  • Stock price catalyst will be suburban diagnostics turnaround in terms of market share gains and margins

HDFC Bank
BROKERAGE BNP PARIBAS Price Target: Rs 2,410 CMP: Rs 1,512 Upside: 59%

  • Fears are overdone; current stock level attractive buying opportunity
  • Valuation of 2.1 times FY25 core BVPS (book value per share) does scarce justice to FY26 core ROE (return on equity) of 17.1%
  • Branch additions will continue despite pressures to conform to Street’s profit expectations

Patel Engineering
BROKERAGE ICICI DIRECT Price Target: Rs 80 CMP: Rs 62.84 Upside: 27%

  • Expect order inflows of Rs 6,000 cr in FY25 and Rs 10,000 cr in FY26; Current order book at Rs 19,134 cr
  • Non-core asset monetisation and claims could aid in reduction of debt (Rs 1,966 cr in FY23)
  • Earnings to grow 32.4% on a compounded basis till FY26

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