5 Stocks That Can Rally Up To 39%: ICICI Securities Recommends Buy, Hold

ICICI Securities has given buy and hold call to 5 stocks that can offer potential return of up to 39%. These stocks are Brigade Enterprises, TCI Express, Nuvoco Vistas Corporation, Tata Communications, and Indus Towers. Check key details below:

1. Buy Brigade Enterprises

ICICI Securities has assigned buy call to Brigade Enterprises with a target price of Rs 629 apiece. The current market price (CMP) of the stock is Rs 452 apiece. If you buy Brigade Enterprises at CMP, you can get 39% return.

The company has a market capitalisation of Rs 10,425 crore. The stock has given return of 110% in last 3-years and 121% in last 5-years. It has declined 10% in last 3-months. The mid cap stock operates in Real Estate sector and came into existence in 1995.

The mid cap company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 912 crore, down a little less than 1% from previous quarter total income of Rs 920 crore.

2. Buy TCI Express

The analyst has recommended investors to buy TCI Express with a target price of Rs 2200 apiece. The current market price of the stock is Rs 1814 apiece. If you buy TCI Express at current market price, you will get 21% return.

The mid cap stock, operating in Logistics sector, has given 148% return in last 3-years and 214% return in last 5-years. In last 1-year, the stock has declined 17%. The stock for the quarter ended September 30, 2022 declared a standalone total income of Rs 312 crore, up 6% from previous quarter total income of Rs 292 crore.

3. Buy Nuvoco Vistas Corporation

ICICI Securities has assigned buy call to Nuvoco Vistas Corporation with a target price of Rs 490 apiece. The current market price of the stock is Rs 374 apiece. If you buy Nuvoco Vistas Corporation now, you will get 31% return.

The stock has a market capitalisation of Rs 13,364 crore. The stock has surged 26% in last 6-months and declined 24% in last 1-year.

Nuvoco Vistas Corporation Ltd was originally incorporated on 08 February 1999 as a Private Limited Company under Companies Act 1956 with the name Infra Cement India Private Ltd in Mumbai.

4. Buy Tata Communications

The analyst has assigned buy call to the stock with a target price of Rs 1500 apiece. The current market price of the stock is Rs 1331 apiece with an intraday dip of 0.21%.

If you buy Tata Communications now, you will get 13% return. The company has a market capitalisation of Rs 37,934 crore. The stock has given 216% return in last 3-years, 98% return in last 5-years and fallen 11% in last 1-year.

The mid-cap company operates in Telecommunications sector. The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 4,467 crore, down 1.70% from last quarter total income of Rs 4544 crore.

5. Hold Indus Towers

ICICI Securities has assigned hold call to Indus Towers with a target price of Rs 194 apiece. The current market price of the stock is Rs 187 apiece. It has a market capitalisation of Rs 50,462 crore.

The stock has declined 27% in last 1-year, 24% in last 3-years, and 49% in last 5-years. The large cap stock operates in Telecommunications sector.

It declared its consolidated total income at Rs 8029 crore, up 14% from previous quarter total income of Rs 6989 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.