1 Maharatna, 1 Airlines Stock On Buy Call As Shares Showing Rising Trend: ICICI Securities

ICICI Securities has recommended investors to buy 1 Maharatna status stock and 1 Airlines sector stock as both the stocks are showing rising trend. These large cap stocks are Gail (India) Ltd and InterGlobe Aviation Ltd. If you buy these stocks now, you can get potential 29% return. Both the stocks have given multibagger returns to investors in the last 3 years. Check details below:

Buy Gail (India) Ltd: ICICI Securities has suggested investors to buy Gail (India) Ltd with target price of Rs 132 apiece. Current market price of Gail (India) Ltd is Rs 103.50 apiece on BSE. If you buy Gail share now, you can get likley return
of 28%.

Its 52-week high price is Rs 115.69 apiece and 52-week low price is Rs 83.00 apiece, respectively. It has a market capitalisation of Rs 68,052.28 crore. The stock operating in Gas & Petroleum sector has given 103% return in last 3-years, 5% return in last 1-year, and 20% return in last 6-months.

According to ICICI Securities, "Despite the recent strength, valuations at 6.6x FY25E EPS and just 5.4x EV/EBITDA remain overly pessimistic and ignore GAIL's solid business model and revival of long-term growth prospects. Reiterate BUY with a revised target price of Rs132 (earlier: Rs122)."

Buy InterGlobe Aviation Ltd: ICICI Securities has assigned buy call to InterGlobe Aviation Ltd with target price of Rs 2415 apiece. Current market price of InterGlobe Aviation Ltd is Rs 1865.30 apiece on BSE. If you buy InterGlobe Aviation Ltd now, you can get likely upside of 29%. The large cap stock's 52-week high is Rs 2194.00 apiece and 52-week low price is Rs 1513.30 apiece, respectively. Its market capitalisation is Rs 71,916.10 crore.

Disclaimer: The stocks have been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.