Buy These 6 Quality Stocks To Get More Than 40% Returns, Says ICICI Securities

Stocks & Potential Upside

Somany Ceramics Limited

Somany Ceramics Limited (SOMC) is a manufacturer and trader of a complete decor solution. It is a small cap Ceramics company with a market cap of Rs 2,248.58 crore.

The brokerage has placed a buy call on the SOMC stock with a target price of Rs 896 per share. The stock with the given target price can give a return of up to 70% if purchased at the current market price. The stock on NSE last traded at Rs 529.40 per share, 0.51% up compared to its previous close.

It has given negative returns over the past 1 year. It gave 34.63% negative returns in a year, whereas, in a week, the stock declined 0.15%. However, in the past 3 years, the stock gave 186.47% multibagger returns. Whereas, in the 5 years, the stock fell by 37.74%, giving a negative return. 

Gujarat State Petronet Limited

Gujarat State Petronet Limited (GSPL) is a GSPC Group company. GSPL is a pioneer in developing energy transportation infrastructure and connecting natural gas supply sources including LNG terminals to growing markets. It is India's second-largest Natural Gas Infrastructure and Transmission Company having a market cap of Rs 13,140.48 crore. 

ICICI Securities is bullish on GSPL, suggests "buy" for a target price of Rs 383 per share. The brokerage claims gains up 65% if the stock is purchased at the current market price. The stock on Friday last traded at Rs 232.90 per share, 0.62% down from its previous close. 

The stock in a week gave 3.37% positive returns. In the past 1 month, the stock has given 6.44% positive returns. However, in the past 1 year, the stock gave 26.38% negative returns, In the past 3 and 5 years, the stock grew 8.3% and 9.42%, respectively. 

Power Finance Corporation Limited

Power Finance Corporation Limited (PFC) is a PSU company with a market capitalisation of Rs 31,760.18 crore. PFC is under the administrative control of the Ministry of Power. PFC was conferred the title of a 'Maharatna CPSE' in October 2021 and was classified as an Infrastructure Finance Company by the RBI on 28th July 2010. 

The brokerage suggests "buy" PFC with a target price of Rs 191 per share. It claims a potential upside of up to 59% from its current level if the stock is purchased at the current market price. The stock on NSE last traded at Rs 120.30 per share, 3% up compared to its previous close. 

It has given decent returns in the past 1 month, around 17.19%. However, in the past 1 year, the stock gave 13.76% negative returns. In 3 years it gave 6.65% positive returns. In the 5 years, it gave 5.05% negative returns. 

Samvardhana Motherson International Limited

Samvardhana Motherson International is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers. HVAC systems, air intake manifolds, highway vehicle cabins, air compressors, and pedal box assembly are among the products offered by the company. It has a market cap of Rs 32,097.65 crore. 

The brokerage has placed a buy call on the stock with a target price of Rs 110 per share. It claims a potential upside of up to 55% from its current level with the given target price. On NSE, the stock gained 0.85% compared to its previous close, and ended at the current market price Rs 71.05 per share. 

In terms of returns on investments, the stock has given good returns, around 9.22% in a week. However, in the past 1 week, it has fallen 2.87%. In a year, it gave 40.11% negative returns. In 3 years, it gave 5.89% positive returns. In 5 years, it gave 40.03% negative returns. 

Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) is the Indian insurance market leader with 44% share of the total APE market (on a weighted basis) as of FY22. It is a large-cap government life insurance company with a market cap of Rs 3,97,020 crore.

ICICI Securities suggests buy the stock for decent gains of up to 46% with a target price of Rs 917 per share. The current market price of LIC on NSE is Rs 627.70 per share, 1.10% up compared to its previous close of Rs 620.85 per share.

LIC was listed on the stock exchange on May 17, 2022. Since its listing, the stock has given 28.28% negative returns on investments. However, in the past 1 month, it gave 1.32% positive returns. In 3 months, it gave 8.05% negative returns on investments. 
 

Kalyan Jewellers India Limited

Kalyan Jewellers India is one of the leading Jewellery sector companies in India. The company designs manufacture and sells a range of gold, studded and other jewellery products across various price points. It is one of the largest jewellery retailers in India. It is a small-cap company with a market cap of Rs 10,655.90 crore.

The brokerage in its report suggests "buy" the stock with a target price of Rs 150 per share. It claims a potential upside of 45% from its current level considering the given target price. The Kalyan Jewellers' current market price stood at Rs 103.45 per share on NSE, which is 0.63% higher than its previous close of Rs 102.80 per share. 

The stock made its debut on the stock exchange on 26 March 2021 and since listing, it has given 37.57% positive returns on investments. It has given 5.99% and 47.68% positive returns in the past 1 and 3 months, respectively. In a year, the stock has given 29.56% 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 check with certified experts before making any investment decision.