Brokerages Launch Coverage on Zomato and 7 Other Stocks, Predicting Potential Upside of upto 45%
Numerous brokerage firms have recently initiated coverage on a selection of stocks, including Zomato, Bank of Baroda, RBL Bank, and Sunteck Realty, with bullish price targets suggesting potential gains of up to 45%. Below, we present a list of eight stocks that have garnered attention from these brokerage houses:
Sunteck Realty | Current Market Price (CMP): Rs 437
Prabhudas Lilladher has initiated coverage on Sunteck Realty with a ‘Buy’ rating, setting a target price of Rs 565. This target implies a substantial upside of 29% from the current market price. The firm anticipates robust revenue growth in the coming years, driven by various ongoing projects.
Concord Biotech | CMP: Rs 985
Antique Stock Broking has commenced coverage on Concord Biotech with a ‘Buy’ rating and a target price of Rs 1,340. This projection suggests a potential gain of nearly 36%. The firm anticipates market share expansion for Concord’s top products and strong revenue growth.
Senco Gold | CMP: Rs 503
Emkay has initiated coverage on Senco Gold with a ‘Buy’ rating and a target price of Rs 630, indicating a potential upside of 25%. The firm foresees impressive revenue and profit growth for Senco Gold in the coming years.
Shriram Properties | CMP: Rs 86
Systematix has begun coverage on Shriram Properties with a ‘Buy’ rating and a target price of Rs 124. This target suggests a substantial potential upside of nearly 45%. The brokerage firm highlights Shriram Properties’ impressive sales and project de-risking.
Triveni Engineering & Industries | CMP Rs: 382
Monarch Networth Capital has initiated coverage on Triveni Engineering & Industries with a ‘Buy’ rating and a target price of Rs 460, indicating a potential gain of 20%. The firm expects robust growth in both topline and bottom-line performance for the company.
Bank of Baroda | CMP: Rs 215
Axis Securities has launched coverage on Bank of Baroda with a ‘Buy’ rating and a target price of Rs 255. This forecast suggests a potential upside of 19%. The firm is confident in the bank’s asset quality and growth prospects.
RBL Bank | CMP: Rs 232
Centrum has initiated coverage on RBL Bank with a ‘Buy’ rating and a target price of Rs 331, signaling a potential gain of nearly 43%. The brokerage firm believes RBL Bank is poised for strong earnings growth.
Zomato | CMP: Rs 100
Elara Capital has introduced coverage on Zomato with a ‘Buy’ rating and a target price of Rs 130. This projection implies a potential upside of 30%. The firm anticipates significant growth in Zomato’s food delivery and related businesses.
These analyses from various brokerage firms provide valuable insights into the potential for growth and investment opportunities in these selected stocks.
