Stocks driving economic recovery may return up to 50% despite being pricey

Rich valuations have been a worry for stock investors, but analysts claim there is still steam left in various pockets of the market. In the NSE500 index, 180 stocks could return between 10% and 50% over the next 12 months, according to Bloomberg's consensus estimates of companies covered by at least five analysts. These include SAIL, NCC, Kalpataru Power, Jindal Steel, Tata Steel, NMDC, Aurobindo Pharma, UPL, Mahanagar Gas and Gujarat State Petronet, among others.

via Economictimes

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