Amid signs of pressure in the stock market, market giants are advising to take stock specific action. In the last 2 days, brokerages have issued investment advice for many such stocks where 30 to 30 percent returns are possible in the long term based on the performance of the companies. These stocks include Lloyds Metals, Hindalco and Coal India.
Lloyds Metals
DAM Capital has issued a buy recommendation in Lloyds Metals. And has given a target of 1905 for the stock. According to the report, the company's operations are quite diverse and there is a proposal to increase the iron ore capacity by 10 MT. It is estimated that the company's EBITDA can grow at a CAGR of 91 percent between FY 2025 and 2027. The stock is currently at the level of 1451. That is, from here the stock can see a growth of 31 percent. Coal India Motilal Oswal has advised investing in Coal India with a target of 480. The stock is at the level of 369. That is, from here the stock can get a return of more than 30 percent. According to the report, Coal India's coal production in the third quarter has increased by 2 percent compared to last year. At the same time, it is estimated that the production for the entire financial year can be 2 percent higher. Hindalco CLSA has given the stock an Outperform rating and has set a target of 800 for the stock. The stock is currently at the level of 575, which means that from here the stock can see a gain of 39 percent. According to the report, the figures given by Novalis in its update indicate that the quarterly results are expected to be weak, although the weakness seen in the stock price in the last few days is more than the pressure seen in Novalis. At the same time, the domestic business remains strong. It is expected that with the improvement in volume, Novalis will also be able to register huge profits.
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