Brokerages initiated coverage on Adani Ports, Welspun Corp and Wakefit Innovations with buy ratings. Their price targets imply returns of 19% to 34% based on Thursday’s closing price.ADANI POWERBROKERAGE: MOTILAL OSWAL FINANCIAL SERVICESPrice Target: Rs 250CMP: Rs 209.80 | Upside: 19%See company as natural winner of India's upcoming thermal capacity build-out.Valuation premium over peers, NTPC and JSW Energy, is a function of superior capital allocation and strong growth trajectory.Read more: Banks offer semi-fixed loans to deploy surplus liquidityWELSPUN CORPBROKERAGE: JEFFERIESPrice Target: Rs 3,250CMP: Rs 2,646.15 | Upside: 22.8%Positioned to benefit from a multi-year upcycle in oil & gas infrastructure spending in US and the Middle East.Premium valuation is justified by strong earnings growth outlook, robust order book, and high ROEs.WAKEFIT INNOVATIONSBROKERAGE: NOMURAPrice Target: Rs 200CMP: Rs 149.45 | Upside: 33.8%Attractive valuation of 40 times and 29.5 times FY28 and FY29 Price to Earnings Estimates; risk-reward looks favourable.Expansion into the home furniture segment, where the Total Addressable Market (TAM) is higher than peers, improves the long-term growth visibility.
Hot Stocks: 3 stocks that may give returns between 19-34%
Brokerages have recently begun coverage on Adani Ports, Welspun Corp, and Wakefit Innovations, all receiving buy ratings. Analysts project price targets indicating potential gains ranging from nineteen to thirty-four percent. Adani Power is anticipated to excel due to India's forthcoming thermal capacity expansions, while Welspun Corp stands to gain from increased investments in oil and gas infrastructure.
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