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5 Stocks That Can Rally Up To 30%- 46%: ICICI Securities Lists Preferred Picks To Buy, Hold
ICICI Securities has recommended 5 stocks to buy and hold in its latest report. These stocks are IndiaMart InterMesh (Buy), Just Dial (Buy), Delhivery (Buy), Zomato (Hold), and Matrimony (Hold). If you buy these stocks now, you will get maximum potential upside of 46%. Check key takeaways below:
| Name of the company | Potential return |
|---|---|
| IndiaMart InterMesh | 46% |
| Delhivery | 44% |
| Just Dial | 31% |
| Matrimony.com Ltd | Hold |
| Zomato | Hold |
1. Buy IndiaMart InterMesh
ICICI Securities maintains bullish view on the stock and assigned buy call with a target price of Rs 6000 apiece. The current market price of the stock is Rs 4108 with an intraday decline of 5.43%.
If you buy IndiaMart InterMesh Ltd now, you can get potential 46% upside. The stock's 52-week high is Rs 6902 apiece and 52-week low is Rs 3676 apiece, respectively. The company has a market capitalisation of Rs 12,577 crore.
The mid cap stock has rallied 92% in last 3-years and fell 37% in last 1-year. The company for the quarter ended September 30, 2022 declared consolidated total income of Rs 287 crore, up 27%.
2. Buy Delhivery
The analyst is maintaining upbeat view on Delhivery stock and recommended investors to buy the stock with a target price of Rs 460 apiece.
The current market price of the stock is Rs 320 apiece. If you buy Delhivery shares, you will get potential 44% return.
The company has a market capitalisation of Rs 23,304 crore. The stock has declined 45% in last 3-months and 12% in last 1-week.
3. Buy Just Dial
The analyst is positive on Just Dial stock and recommended investors to buy the stock with a target price of Rs 750 apiece.
The current market price of the stock is Rs 571 apiece with an intraday decline of 2.36%. If you buy Just Dial shares now, you can get potential 31% return.
The company has a market capitalisation of Rs 4820 crore. The shares have rallied 17% in last 5-years. The mid cap stock operates in services sector.
The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 261 crore, up 108%.
4. Hold Rating For Zomato
The analyst has maintained hold rating for the stock with a target price of Rs 65 apiece. The current market price of the stock is Rs 53 apiece.
Its 52-week high is quoted at Rs 142 apiece and 52-week low is quoted at Rs 40 apiece, respectively.
The company has a market capitalisation of Rs 45,837 crore. The stock has witnessed a decline of 60% in last 1-year.
The company declared consolidated total income for quarter ended September 30, 2022 at Rs 1830 crore, up 16%.
Hold Rating For Matrimony.com
ICICI Securities has assigned hold call to the stock with a target price of Rs 620 apiece. The last trading price of the stock is Rs 567 apiece with an intraday fall of 1%.
The company has a market capitalisation of Rs 1,262 crore. The stock hits its new 52-week low today. The small cap company operates in Services sector. The shares have given return of 26% in last 3-years and declined 39% in last 5-years.
The company has for the quarter ended September 30, 2022 declared a consolidated total income of Rs 119 crore, down 1.40%.
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.
