2 Stocks To Sell: Large, Mid Cap Stocks That Get "Sell Call" As Recommended By Motilal Oswal, ICICI Direct

Leading brokerages have recommended investors to sell 2 stocks namely, Deepak Nitrite and LIC Housing Finance. Motilal Oswal has recommended investors to sell the shares of Deepak Nitrite with a target price of Rs 1800 apiece while ICICI Direct has assigned sell call to LIC Housing Finance with a target price of Rs 395 apiece. Check key details below:

1. Sell Deepak Nitrite With A Target Price Of Rs 1800

Leading brokerage firm Motilal Oswal has assigned call to sell Deepak Nitrite with a target price of Rs 1800. The Chemicals sector stock gained 2.59% intraday. The current market price of the stock is Rs 1937 apiece.

The company has a market capitalisation of Rs 26,409 crore. The stock's 52-week high is quoted at Rs 2690 apiece and 52-week low is quoted at Rs 1682 apiece, respectively. The stock has rallied 426% in last 3-years and 733% in last 5-years. In last 1-year, the stock has fallen 15%.

The mid cap company incorporated in 1970 declared a consolidated total income of Rs 1,973 crore, down 4% from last quarter total income for the quarter ended September 30, 2022

2. Sell LIC Housing Finance With A Target Price Of Rs 395 Apiece

ICICI Direct has suggested investors to sell the shares of LIC Housing Finance with a target price of Rs 395 apiece. The large cap company operating in NBFC Sector gained 2.85% in trade today.

The stock's current trading price is quoted at Rs 406 apiece with 52-week high quoted at Rs 443 apiece and 52-week low quoted at Rs 291 apiece, respectively.
The company has a market capitalisation of Rs 22,338 crore.

The stock has given 14% return in last 1-year and declined 28% in last 5-years. The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 5101 crore, down 3% from last quarter total income.

Disclaimer

The stocks have been picked from the brokerage report of ICICI Direct and Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage Houses 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.