Jain Resource Recycling, Granules India and Shadowfax Technologies are among the companies on which analysts have recently initiated coverage with buy ratings. Based on their price targets, these stocks are expected to return between 25% and 41%.Jain Resource Recycling
BROKERAGE: Motilal Oswal Financial Services
Price Target: Rs 520 CMP: Rs 414 Upside: 25%
- Positioned for long-term growth, aided by rising demand for recycled metals and a regulatory shift favouring organised players.
- Value stock at 21 times FY28 estimated earnings, in line with fi ve-year average and at a 25% discount to three-year average of peer Gravita.
Granules India
BROKERAGE: Elara Capital
Price Target: Rs 775 CMP: Rs 573 Upside: 35%
- Valuations at 16.7 times FY28 estimated core EPS are at a 10-20% discount to most generics pharma peers.
- Resolution of USFDA observations can remove growth bottlenecks and accelerate commercialisation of pending abbreviated new drug application (ANDA).
Shadowfax Technologies
BROKERAGE: ICICI Securities
Price Target: Rs 175 CMP: Rs 124 Upside: 41%
- Key beneficiary of consolidation in India’s express parcel segment; over the last year, it has emerged as the second-largest player.
- Positioned to deliver a compounded revenue growth of 27% over FY26-28.