Analysts are recommending several stocks with projected returns ranging from 11% to 36%. Key picks include United Spirits, Vedanta Aluminium Metal, and Reliance Industries, with analysts citing strong brand portfolios, favorable policy changes, market deficits, and promising new energy ventures as drivers for potential growth and shareholder returns. By ET Bureau UNITED SPIRITS BROKERAGE: JP MORGAN Price Target: Rs 1,510 CMP: Rs 1,351 | Upside: 11.8%
Strong portfolio of brands (supported by Diageo’s brands) and focus on profi tability Favourable policy changes across key states to support growth in the coming quarters VEDANTA ALUMINIUM METAL BROKERAGE: KOTAK INSTITUTIONAL Price Target: Rs 600 CMP: Rs 451 | Upside: 33% Initiate coverage with buy; structural aluminium market deficit and elevated prices should further support earnings growth Strong free cash fl ow should drive rapid deleveraging and higher shareholder returns RELIANCE INDUSTRIES
BROKERAGE: CLSA Price Target: Rs 1,800 CMP: Rs 1,328 | Upside: 36% New energy business, spanning solar, batteries, electrolysers and compressed biogas, set for a ramp-up; updates likely to be closely watched at the AGM. Advances in perovskite solar modules and wider adoption of sodiumion batteries could boost investor interest in its new energy business and help rerate the stock.
