Brokerages initiated coverage on Kirloskar Oil Engines, Union Bank of India, APL Apollo Tubes with 'buy' ratings. Their price targets imply returns of 16% to 24% based on Monday’s closing price.KIRLOSKAR OIL ENGINESBROKERAGE: JEFFERIES Price Target: Rs 2,815 CMP: Rs 2,266.10 Upside: 24% Niche product play in a consolidated genset industry, which has pricing discipline Strong demand outlook with an estimated 22%. Earnings Per Share growth over FY26-30 on a compounded basisAPL APOLLO TUBESBROKERAGE: BOFA SECURITIES Price Target: Rs 2,170 CMP: Rs 1,803.70 | Upside: 20% Best risk-adjusted play in building materials given its leadership, execution and relative valuation Leader in India's structural steel tubes market and the best way to play the category's long growth runwayUNION BANK OF INDIABROKERAGE: IDBI CAPITAL Price Target: Rs 187 CMP: Rs 161 | Upside: 16% Stock trades at 1 time estimated Price to Adjusted Book Value, a discount to peers despite a superior return profile CASA (Current Account and Savings Account) franchise build and operating leverage are the twin re-rating catalysts
Hot Stocks: 3 stocks that may give returns between 16-24%
Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.
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