3 Stocks From Metal & Mining Sector To Buy For High Returns As Suggested By ICICI Securities

Leading brokerage firm ICICI Securities has picked 3 stocks from the Metal & Mining Sector to buy. These three stocks are Shyam Metalics & Energy, APL Apollo Tubes, and Jindal Steel & Power (JSPL). Check stocks' key details below:

1. Shyam Metalics & Energy Ltd.

ICICI Securities has assigned a buy on stock of Shyam Metalics. The brokerage claims up to 31% potential upside from its current level with the target price of Rs 425/share. The stock last traded at Rs 326.15/share on NSE, up 4.17%.

The stock's 52 week high is Rs 385.50/share and the 52 week low is Rs 273.10/share on NSE. respectively. It is a leading integrated metal-producing company based in India mainly steel Industry.  With a market capitalisation of Rs 8320.73 crore, it is a midcap company.

The stock was listed on 24 June 2021 and since the date of listing its share value has declined 13.29%. However, the stock surged 6.5% in the past 1 week and 11.87% in the past 1 month. It has fallen 3.85% in the past 1 year.

2. APL Apollo Tubes Ltd.

The brokerage recommends investors to buy stock of APL Apollo with a target price of Rs 1,225/share. The stock's current market price on NSE is Rs 1,196.70/share, up 1.64% from the previous close. If you buy the stock at the current market price it would give up to 3% from the current level.

The stock recorded 52 week low at Rs 770.90/share and 52 week high at Rs 1,200/share. APL Apollo is a midcap metal sector company with a market capitalisation of Rs 33,249.19 crore. It is a leading manufacturer and exporter of Steel Pipes & Tubes, Aluminised Steel Tubes, and other allied products. 

The stock has given 5.44% in the past 1 week, 5.02% in the past 1 month and 10.09% in the past 3 months, respectively. It has given 23.58% in the past 1 year. The stock has given massive 515.78% returns in the past 3 years, and 378.56% in the past 5 years, respectively. 

3. Jindal Steel & Power Ltd. (JSPL)

ICICI Securities has rated a buy on JSPL with a target price of Rs 750/share. The stock on NSE last traded at Rs 601.10/share, down 0.62%. Stock purchased at the current market price is likely to give a return up to 23%. 

The stock's 52 week low is Rs 304.20/share and 52 week high is Rs 612.80/share, respectively. JSPL is a large-cap company having a strong presence in the power, steel, mining and infrastructure sectors. 

The stock has fallen 1.46% in 1 week, whereas, it gave 10.08% positive return in the past 1 month. It gave 35.63% in the past 3 months. In the past 1 year, it has given 43.74%. In 3 years the stock has given the highest 235.25% returns. In 5 years it gave 127.56% positive returns.

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 consult with certified experts before making any investment decision.