HDFC Securities Recommends Buy, Add Call To 2 Small, Large Cap Stocks For Up To 47% Return

HDFC Securities has assigned buy and add call to Financial Services sector stocks for return up to 47%. These two stocks are Angel One and ICICI Lombard General Insurance Company Ltd. Angel One recently approved and recommended the Final Dividend of Rs. 4 /- per equity share (i.e. for the financial year 2022-23. The dividend, if approved by the members of the Company at the ensuing Annual General Meeting ("AGM"), will be paid within 30 days from date of AGM. Check details below:

1. Buy Angel One: Last trading price of Angel One is Rs 1222.40 per share with intraday fall of 1.28%. HDFC Securities has assigned buy call with target price of Rs 1800 per share. If you buy Angel One share now, you can get potential return of 47%. The stock's 52-week high price is Rs 2022.00 per share and 52-week low price is Rs 1000.00 per share.

According to the analyst, "ANGELONE remains a convincing play on the Indian capital markets; maintain BUY rating with a revised target price of INR1,800 (15x Mar-25E EPS, rolling forward multiple from Sep-24E)."

Angel One has a market capitalisation of Rs 10,197.23 crore and the stock witnessed a decline of 36% in last 1-year and gave return of 259% in last 2-years.

2. Add ICICI Lombard General Insurance Company Ltd: Current market price of ICICI Lombard is Rs 1059.35 per share with intraday fall of 1.56% on BSE. HDFC Securities has maintained add call to ICICI Lombard with target price of Rs 1370 per share. If you add the stock now, you can expect to receive a return of 29%.

The stock's 52-week high price is Rs 1410.55 per share and 52-week low price is Rs 1049.10 per share, respectively. The company's market capitalisation is Rs 52,028.08 crore. The stock fell 24% in last 1-year, again 24% in last 2-years, and gave return of 38% in last 5-years.

According to the analyst, "Given the strong demand outlook in the underlying autos segment, we argue that the pessimism is overdone and we maintain ADD with a revised TP of INR1,370 (implied Mar-25E P/E of 27x and P/ABV of 4.8x)."

Disclaimer: The stocks have been picked from the brokerage report of HDFC 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.