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Hot Stocks: 3 stocks that may give returns between 16-24%
Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.

Q4 Results: Avenue Supermarts (DMart) Profit, Revenue Rise 19%; Kotak Mahindra Profit Beats Estimates
Q4 Results live updates: Track revenue, profit, margin and outlook from 26 companies including Avenue Supermarts, Kotak Mahindra Bank and APL Apollo Tubes.
Nifty Metal gains 3%; Tata Steel, JSW, LloydsME jump up to 7%: Here's why
Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each