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5 Stocks To Buy: 2 Brokerages Assign Buy Call To Mid Cap, Large Cap Stocks Showing 48% Return
ICICI Direct has given buy rating to 4 stocks that may include Healthcare Global Enterprises, Narayana Hrudayalaya, Ratnamani Metals & Tubes, and ITC. ICICI Direct has given 12 months' time to the 4 stocks when they will reach their specified target price. Meanwhile, ICICI Securities has assigned buy rating to Life Insurance Corporation of India showing robust return. Check key takeaways below:
| Name of the company | Return |
|---|---|
| Life Insurance Corporation of India | 48% |
| ITC Ltd | 19% |
| Healthcare Global Enterprises Ltd | 19% |
| Narayana Hrudayalaya Ltd | 13% |
| Ratnamani Metals & Tubes | 13% |
1. Life Insurance Corporation of India
The current market price of the stock is Rs 621 apiece with an intraday fall of 0.74%. The company has a market capitalisation of Rs 3,92,813.98 crore. The zero-debt burden stock has given a return of 5% in last 1-month and declined 7% in last 3-months. ICICI Securities has assigned buy call to the stock with a target price of Rs 917 apiece. Buy LIC at the current market price to receive 48% return.
According to ICICI Securities, "LIC selling more non-par as a strategy is being driven by the launch of new products as well as through appropriate training to agents. The target groups for selling non-par include young millennials, agents who are already selling these products and also club members which comprise of experienced agents who can eventually sell all the products."
2. Healthcare Global Enterprises Ltd
The current market price of the stock is Rs 311 with an intraday gain of 1.12%. The company has a market capitalisation of Rs 4,328.89 crore. The stock has given maximum return in last 3 years at 177% and jumped 21% in last 1-year.
ICICI Direct has given a target price of Rs 370 apiece to the stock. Buy Healthcare Global Enterprise now to receive 19% return in 12 months.
According to ICICI Direct, We value HCG at Rs 370 (HCG existing centres and new centres at 13x & 11x, respectively, at FY24E EV/EBITDA and Milan centres at 1x FY24E EV/sales). Maintain BUY due to 1) improvement in occupancies sustainable, 2) newer assets to turn profitable and complement existing centres and 3) calibrated expansion of moving in metros and non-metros now coming to the fore."
3. ITC Ltd
The current market price of the stock is Rs 339 apiece with a market capitalisation of Rs 4,21,421.39 crore. ICICI Direct has assigned buy call to ITC Ltd with a target price of Rs 405. Buy ITC Ltd now at the current market price to receive potential return of 19%.
According to ICICI Direct, "ITC continued its growth momentum across categories in Q2FY23. The cigarettes category has benefited (20% volume growth) from stable taxation, market share gains with aggressive trade promotions and newly launched premium brands in the last one year. FMCG business is witnessing strong growth specifically in the underpenetrated foods category & strong traction from education & stationery business."
4. Narayana Hrudayalaya Ltd
The current market price of the stock is Rs 754 apiece with an intraday gain of 0.70%. The stock has a market capitalisation of Rs 15,408 crore. ICICI Direct has assigned buy rating to Narayana with a target price of Rs 855 apiece.
Buy Narayana Hrudayalaya today to receive a return of 13% in 12 months. The stock has given a return of 154% in last 5-years, and 152% in last 3-years. It has jumped 32% in 1 year.
According to ICICI Direct, "We maintain BUY due to 1) pick-up in occupancy levels and ramp-up in new hospitals, 2) consistent performance at Cayman Islands and 3) judicious plan to expand at existing hospitals nearing full utilization. We value Narayana at an SOTP of Rs 855 by valuing matured India & Cayman hospitals at 15x & 14x FY24E EV/EBITDA respectively, heart centres at 10x FY24E EV/EBITDA and other business at 1x FY23E EV/sales."
5. Ratnamani Metals & Tubes
The current market price of the stock is Rs 1973 apiece with an intraday gain of 0.48%. The company has a market capitalisation of Rs 13,829 crore. ICICI Direct has given buy call to Ratnamani with a target price of Rs 2225 apiece.
Buy Ratnamani Metals & Tubes to get potential return of 13%. The stock has given a return of 200% in last 5-years, 206% in last 3-years, and 37% in last 1-year.
According to ICICI Direct, "We value RMTL at Rs 2225, 28x FY24E EPS. RMTL's share price has given a return of ~33% over the last one year (from ~Rs 1443 in November 2021 to ~Rs 1916 in November 2022)."
Disclaimer
The stocks have been picked from the brokerage reports of ICICI Direct and ICICI Securities. 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.
