A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 12% and 35% as per analysts’ price targets. RELIANCE INDUSTRIES BROKERAGE: CITI Price Target: Rs 1,585 CMP: Rs 1416.2 Upside: 12% O2C (Oil to Chemicals) improvement driven by higher refining margins, higher domestic fuel retail margins, and improved petrochemical spreads Upcoming shareholder meeting will be key to monitor for any updates on proposed timelines for Jio’s listing Anticipation of some updates on Jio’s listing in the shareholder meeting could support stock price performance heading into the event IIFL FINANCE BROKERAGE: HSBC Price Target: Rs 550 CMP: Rs 405.7 Upside: 35% Upgrade stock rating to buy and raise price target to Rs 550 from Rs 380 Recovery in microfinance, higher system liquidity, and lower cost of funds should drive Earnings Per Share (EPS) recovery Possible for the stock to rerate sharply in an earnings upgrade phaseTECH MAHINDRA BROKERAGE: CLSA Price Target: Rs 1,976 CMP: Rs 1,572.5 Upside: 26% Upgrade stock from outperform to ‘High Conviction’ outperform Street still underappreciating company’s earnings growth potential Tariff war-related uncertainty could start waning from here on. Over the next few quarters, more positive news around US corporate tax cuts, deregulation and interest rate cuts likely
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