Hot Stocks: 4 stocks that may give returns between 19% and 35%

economictimes.indiatimes.com:

analysts. These stocks are expected to return between 19% and 35% as per analysts’ price targets.
HDFC Life Insurance

BROKERAGE CITI Price Target: Rs 720 CMP: Rs 604 Upside: 19%

• Upgrade stock to buy after underperformance in six months and one year
• Expect HDFC Life’s efforts to strengthen its agency base in FY24 and focus on mass market growth to drive sales gradually
• Any likely revival in growth at HDFC Bank will aid further

LTI Mindtree BROKERAGE MACQUARIE Price Target: Rs 6,250 CMP: Rs 4,633 Upside: 35%

• Retain Outperform rating but cut price target by 11% on lower growth expectations
• Company structurally sound but merger synergies (L&T Info+Mindtree) hit an unexpected rough patch
• See delayed margin recovery due to slower demand growth in FY24

Maruti Suzuki BROKERAGE BERNSTEIN Price Target: Rs 14,400 CMP: Rs 12,503 Upside: 15.2%

• Sticking to companies with strong near-term momentum as Indian equities are above fair value
• Hyundai outpaced Maruti on earnings front in recent years due to premium and SUV positioning, but Maruti is catching up
• Maruti well positioned to tap EV opportunity and benefi t from a potential push towards hybrid

Brookfield India REIT BROKERAGE HSBC Price Target: Rs 315 CMP: Rs 253 Upside: 24.5%

• Maintain Buy as an increase in physical occupancies and resolution of stuck inventory owing to the SEZ law would be a leading indicator of an uptick in leasing
• Once employees return to their offices, institutionally managed grade-A office spaces will remain a preference
• Estimated