Hot Stocks: 3 stocks that may give returns between 16-29%

Brokerages initiated coverage on Tata Capital, Centum Electronics and Clean Max Enviro Energy Solutions with buy or equivalent ratings. Their price targets imply returns of 16% to 29% based on Wednesday’s closing price.

TATA CAPITAL

BROKERAGE: CITI Price Target: Rs 450 CMP: Rs 350 | Upside: 28.6%
Buy rating underpinned by structurally improving return alongside sustained growth.

Key catalysts include high-yielding portfolio acceleration from the second half of FY27, entry into gold loans, and Motor Finance turnaround, among others.

CENTUM ELECTRONICS

BROKERAGE: DAM CAPITAL Price Target: Rs 6,000 CMP: Rs 4,831 | Upside: 24.2%


Despite recent stock run-up, turnaround in performance coupled with long-term earnings growth provide scope for re-rating.
Stock valued PE ratio of 50 times FY28 estimated earnings amid expectations of 38% compounded earnings growth.

CLEAN MAX ENVIRO ENERGY SOLUTIONS

BROKERAGE: MACQUARIE Price Target: Rs 1,700 CMP: Rs 1,456 | Upside: 16.8%

Initiate with outperform rating on expectations that capacity additions will support strong earnings growth.

Repeat commercial & industrial (C&I) business along with data and AI exposure support company’s growth and longer-term earnings upside.

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