Hot Stocks: 3 stocks that may give returns between 12-46%

ET BureauLast Updated: Jun 26, 2025, 05:53:00 AM IST

Synopsis

Analysts predict growth for Reliance Industries, focusing on its AGM and potential Jio IPO. Indiamart Intermesh is upgraded with a higher price target due to business upcycle and initiatives. Mahanagar Gas anticipates volume growth and benefits from potential CNG/EV transition in Mumbai. These stocks show promise for investors seeking returns.

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 12% and 46% as per analysts’ price targets.

RELIANCE INDUSTRIES

BROKERAGE: CLSA Price Target: Rs 1,650 CMP: Rs 1,457 | Upside: 12.5%

• Reliance’s AGM will be an important event in the upcoming quarter for the stock
• Details around JioStar, quick commerce offering, FMCG expansion plans fresh triggers for the stock
• Any hints on the potential Jio IPO could act as another crucial trigger for the stock

INDIAMART INTERMESH

BROKERAGE: NUVAMA Price Target: Rs 3,800 CMP: Rs 2,661 | Upside: 46%

• Upgrade stock to 'buy' from 'reduce'; business is entering a new demand upcycle
• Valuation shall rerate due to improving growth trajectory; raise price target from Rs 2,100
• Recent initiatives, including algorithmic changes to enhance the quality of leads for paying suppliers and a rebound in visitor traffic, to drive sustainable growth

MAHANAGAR GAS
BROKERAGE: CITI Price Target: Rs 1,700 CMP: Rs 1,445 Upside: 17.6%

• Healthy volume growth of 10% on a compounded basis over 2–3 years likely
• Proposal evaluating the feasibility of phasing out petrol & diesel vehicles in Mumbai and replacing them CNG/EVs positive
• City distribution gas sector consolidation is inevitable, Mahanagar being a potential beneficiary

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