Every investor wants to find stocks that can bring big returns, but spotting these opportunities isn’t easy. According to estimates, around 54 stocks, out of about 400 tracked by at least five analysts, are expected to give returns of 20% to 50% over the next year.
Some of these stocks have become more attractive due to recent market drops, while others are still projected to give over 20% returns even after posting gains this year.
For example, 18 analysts predict that DCB Bank could reach an average target price of ₹159 per share. Currently, it’s trading at ₹116, having dropped 12% since January 1, with a P/E ratio of 6 times its expected earnings for the next year.
Similarly, 16 analysts expect Lemon Tree Hotels to see a 33% increase in its stock price. Despite a 3% drop this year, the company’s estimated earnings per share have been revised up by 52% in the last three months.
ET has put together a list of 15 stocks, each followed by at least 10 analysts, that could potentially deliver over 20% returns within the next 12 months.
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