It's three to tango! Stocks that can return more than 60% in a year

Market outlook is uncertain, thanks to the coming general elections. How the markets will behave in the run-up, experts are starkly divided; with some betting on a surge and others predicting otherwise.

Here are three stocks that brokers say can return more than 60% in the next nine to 12 months:

DLF

Religare maintains 'buy' rating on the stock after the company achieved the debt target, which is a key positive.

The risk-reward ratio also remains favourable given the improved balance sheet and rental assets.

Adani Enterprises

The stock after giving a breakout in December completed a pullback in January and February and is on the verge of resuming its uptrend. Mitesh Thacker advises investors to accumulate the stock with a stop loss of Rs 220 and look for a target of Rs 400-420.

Delta Corporation

This stock has also has given a pullback to its breakout levels of around Rs 95 with last week's low at about Rs 97. Investors can look at accumulating the stock around Rs 100-102 mark.

The stock remains in a long term uptrend and Mitesh Thacker is of the view that the stock can test levels of Rs 170 to 180 in the next six to nine months. I would suggest accumulating with a stop below Rs 78.

Here's what experts say about how markets tune to the elections:

Rakesh Tarway, VP and Head of Equity Strategy, Equity and Derivative Products, Motilal Oswal Securities

"A hung Parliament would be a bad option for India as a country and market will not like Third Front as it brings political instability."

"Third front will not be a better option for political scenario. But too many aspirants for PM, will limit its success post poll."

Rajesh Sharma, Founder & Director, Capri Global Capital Ltd.

"Any further prolonging of this situation (on economic front) will certainly widen the gap between developed economies and Indian economy which is aspiring to become one of the largest economies of the world."

"Towards achieving this goal our IIP should grow in double digit and GDP growth should be at least around 8.5 per cent. This will not be possible with political situation of hung Parliament."

Siddharth Sedani, Vice President-PMS at Microsec Capital Ltd

"Although, we see few green shoots in the economy in last couple of months. Investor should utilize the opportunity to accumulate quality companies on dips ahead of elections due to volatility."

"Automobile, Export oriented companies and Infrastructure can be growth drivers in quarters to come."

Dolat Capital

"The elections will at least bring back some level of confidence back for key stakeholders, and then it is up to the actions of the new government; how much and how quickly we recover to the trend line growth."

Vikas Khemani, CEO, Edelweiss

"Most of the activity seems to be building around the belief in the political outcome. Some of the surveys have come out and incrementally there is a belief of a strong political sort of outcome that is getting built into the market albeit in a slow and steady manner."

Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services

"We have been bullish on the market for a while, and talking about the pre-election rally."

"The pre-election rally that we all are waiting for should take us to new highs. I will not be surprised if we see levels of closer to about 6,500-plus in the next one and a half, or two months."

Source: http://articles.economictimes.indiatimes.com/2014-02-27/news/47740048_1_motilal-oswal-securities-rs-170-delta-corporation