Mumbai: The recent rally in the stock market
has led to the valuations of several shares, especially mid-caps and small-caps, turning pricey, raising concerns whether the upsides are capped. Analysts think there is, however, still scope for upsides in a few smaller shares. They have upgraded price targets
on shares of various small- and mid-cap companies
in the past three months.
According to consensus price targets compiled by Bloomberg, stocks like EIH, Cholamandalam Financial, TeamLease Services, Bank of India, Sunteck Realty, Mahindra Holidays, Zomato could return 15-29% after analysts raised their price targets on these stocks.
ET has curated a list of 15 such stocks, where analysts have increased target prices by more than 15% over the past three months, with potential for at least 10% returns in the coming year.
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