News Topical, Digital Desk : Brokerage reports released this week have offered investment advice on select stocks, where investors are projected to expect returns ranging from 37% to 43%. Major brokerages have assigned BUY ratings to stocks like HDFC Bank, Ethos, and Varun Beverages, and have described their long-term growth outlook as strong.
HDFC Bank
ICICI Securities has maintained a BUY rating on HDFC Bank and assigned a target price of ₹1,120, implying an upside of over 43% from the current price of ₹780. While the resignation of the bank's part-time chairman, Atanu Chakraborty, has raised some concerns, the management and board have assured investors that there are no regulatory irregularities or internal power struggles. The brokerage believes the matter appears to be largely personal. Given the assurances from the RBI, the bank's strong track record, conservative risk management, and attractive valuation, it recommends investing in the stock.
Ethos
Emkay Global reiterated its buy call on Ethos with a target price of ₹3,200, indicating an upside of approximately 43% from the current ₹2,237. According to the brokerage, the company has a significant 10-fold growth opportunity over the next decade. Ethos' investments in people, luxury real estate, and a strong balance sheet (₹8,000 crore in cash) will benefit it over the long term. The ongoing tensions in the Middle East are expected to have a limited impact on the company's business, while demand in the luxury segment remains strong. However, the rupee's weakness against the Swiss franc could pressure short-term margins.
Varun Beverages
Motilal Oswal has a BUY rating on Varun Beverages and a target price of ₹550, implying a potential return of approximately 37% from the current level of ₹402. According to the brokerage, 2025 was a weak year for the company, as excessive rainfall impacted beverage demand and limited volume growth. Despite this, the company's long-term growth story remains strong. Factors such as expanding retail network, improved cold-chain infrastructure, diversifying product portfolio, and expanding into new consumer products will support future growth.
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