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    Paytm among 3 stocks that could return 23-45%

    Synopsis

    CLSA has upgraded its rating on Paytm to ‘buy’ from ‘sell’. “While our interactions with several investors over the past four months suggest some discomfort or uncertainty on scaling up the lending business, we think that the stock warrants a look now,” the brokerage said.

    Paytm among 3 stocks that could return 23-45%iStock
    ET looks at some of the stock recommendations by analysts at brokerages. These stocks are expected to return between 23% and 45% as per analysts’ price targets.

    One97 Comm (Paytm) Brokerage: CLSA Price Target: Rs 650 CMP: Rs 484.10 Upside: 34.3%
    CLSA has upgraded its rating on Paytm to ‘buy’ from ‘sell’. “While our interactions with several investors over the past four months suggest some discomfort or uncertainty on scaling up the lending business, we think that the stock warrants a look now,” the brokerage said. CLSA said the company has more than $1 billion cash on its balance sheet and cash burn should end in another 4-6 quarters. The key near-term risk is continued selling by preIPO investors, it added.

    JK Paper Brokerage: Haitong Price Target: Rs 600 CMP: Rs 413.60 Upside: 45%
    Haitong has initiated coverage on JK Paper with an ‘outperform’ rating. “We believe the company has moved into the next orbit of growth due to the benefit of a substantial increase in size of operations (in relative comparison to its major peers) along with cost leadership position in the sector,” the brokerage said in a client note.

    Zensar Technologies Brokerage: Antique Stock Broking Price Target: Rs 275 CMP: Rs 222.10 Upside: 23.9%
    Antique has initiated coverage on Zensar with a ‘buy’ rating. The brokerage is valuing the stock at 13 times FY25 estimated earnings, which is at a 40% discount to the valuation multiple of IT mid-cap peers and a 10% discount to Zensar’s five–year average multiple of 15 times. “We believe Zensar’s operating margin to have bottomed out and it is now in a better position to manage supply-side challenges.”



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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