ICICI Direct Gives Hold, Buy Call To 3 Small Cap Stocks That Can Fetch Attractive Return

ICICI Direct has recommended investors to hold and buy 3 stocks that can fetch attractive return. These stocks are Pricol Ltd, Sagar Cement, and Minda Corporation. If you buy these stocks now, you can get potential return of up to 24%. Check details below:

1. Buy Pricol Ltd

ICICI Direct has recommended investors to buy Pricol Ltd with a target price of Rs 250 apiece. Current market price of the stock is Rs 202.95 apiece.

If you buy Pricol Ltd now, you can get potential return of 24%. 52-week high of the stock is Rs 219.00 apiece and 52-week low is Rs 96.45 apiece, respectively.
The company has a market capitalisation of Rs 2,473.59 crore.

The small cap stock operating in Auto Ancillaries sector gave a return of 16% in last 3-months, 27% in last 6-months, 66% in last 1-year, and 345% in last 3-years.

According to ICICI Direct, "We retain our BUY rating on Pricol amid a wider opportunity play with new TLA partnerships and management walking the talk over b/s repair and industry leading growth with ambitious Vision 2026 of ~Rs 4,000 crore sales."

2. Hold Sagar Cements Ltd

ICICI Direct has suggested investors to hold shares of Sagar Cements Ltd with a target price of Rs 250 apiece. Current market price of Sagar Cements is Rs 217 apiece with intraday fall of 1.09%.

If you hold the shares of Sagar Cements Ltd, you can get potential return of 15%. The company has a market capitalisation of Rs 2,840.93 crore.

The small cap Cement sector stock gave a return of 8% in last 3-months, fell 10% in last 1-year, and surged 113% in last 3-years.

According to the analyst, "With capacity expansion in high growth regions like east & central, we expect strong growth momentum, going forward. However, higher debt levels are expected to pose challenges in the medium-term. Hence, we maintain HOLD rating on the stock."

3. Hold Minda Corporation Ltd

Current market price of the small cap Auto Ancillaries sector stock is Rs 196.05 apiece with intraday fall of 3.23%. ICICI Direct has recommended investors to hold shares of Minda Corporation Ltd with a target price of 230 apiece.

If you hold Minda Corporation Ltd, you can get potential return of 17%. The company has a market capitalisation of Rs 4,687.15 crore. The stock gave a return of over 1% in last 1-year and 68% in last
3-years.

According to ICICI Direct, "We now downgrade the stock from BUY to HOLD amid lack of clarity on the company's strategic intent behind this investment in Pricol and b/s risk in case of any potential acquisition."

 

Disclaimer

The stocks have been picked from the brokerage report of ICICI Direct. 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.