Brokerage Picks: Stocks that hold promise of big gains

ET looks at some of the stock recommendations by analysts of late. These stocks are expected to return between 28% and 53% as per analysts’ price targets.

Go Fashion
BROKERAGE
Emkay Global
Price Target: Rs 1,220
CMP: Rs 950
Upside: 28.4%

Macrotech Developers
(Lodha)
BROKERAGE
KOTAK INSTITUTIONAL
Price Target: Rs 1,300
CMP: Rs 850.50
Upside: 52.9%

• Recent stock correction gives an attractive entry point
• Consistently superior margins, cash generation and aggressive de-leveraging of the balance sheet
• Aims to maintain double-digit growth and market share in Mumbai and Pune

Voltamp Transformers
BROKERAGE
ICICI SECURITIES
Price Target: Rs 3,610
CMP: Rs 2,711
Upside: 33.2%

• Key beneficiary of energy transition, private capex revival and PLI initiatives in manufacturing
• Highest-ever order backlog of Rs 900 crore for transformers
• Net cash of Rs 640 crore (23% of current market cap) as of December 2022