Hot Stocks: 2 stocks that may give over 21% returns

ET BureauLast Updated: Jul 10, 2026, 06:39:00 AM IST

Synopsis

Brokerages initiated coverage on Syrma SGS and Vedanta Aluminium with buy ratings. HSBC set a price target of Rs 1,750 for Syrma SGS, implying a 21.4% upside. Motilal Oswal Financial set a Rs 540 target for Vedanta Aluminium, indicating a 21.6% potential gain. These targets suggest significant returns over current trading prices. Both companies are seen as having strong growth prospects and structural advantages.

Brokerages initiated coverage on Syrma SGS and Vedanta Aluminium with buy ratings. Their price targets imply returns of a little over 21% over Thursday’s closing price

SYRMA SGS
BROKERAGE: HSBC Price Target: Rs 1,750 CMP: Rs 1,441.70 | Upside:21.4%

High estimated Price to Earnings Ratio of 53 times justifi ed, given its high growth; Current PE is 44 times.
EMS companies command high double-digit P/E multiples due to growing TAM, government support, backward integration and strategic joint ventures.

VEDANTA ALUMINIUM
BROKERAGE: MOTILAL OSWAL FINANCIAL Price Target: Rs 540 CMP: Rs 444.45 | Upside:21.6%

One of the most compelling structural stories in the global aluminium space.

Transition toward becoming more captive and backward integration will support structural re-rating of valuation multiples.

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