ICICI Direct Picks 5 Small, Mid, Large Cap Stocks To Buy, Hold That Can Fetch Good Return

ICICI Direct has picked 5 stocks to buy that can fetch good returns to investors. These stocks are Jyothy Labs, Tata Consumer Products, ITC, VST Industries, and Triveni Engineering & Industries Ltd. If you buy these stocks now, you can get maximum 38% return. Check key takeaways below:

1. Buy Triveni Engineering (TRIENG)

Triveni Engineering & Industries Ltd has got buy call from ICICI Direct with a price target of Rs 360 apiece. Current market price of the stock is Rs 261.45 apiece with intraday fall of 4.20%.

If you buy Triveni Engineering & Industries Ltd with a price target of Rs 360 apiece, you will potentially get 38% return. The small cap sugar sector stock's 52-week high is Rs 374.00 apiece and 52-week low is Rs 211.35 apiece, respectively.

It has a market capitalisation of Rs 6,313 crore. It came into existence in 1932. It declined 1% in last 1-year and gave a return of 232% in last 3-years.

According to ICICI Direct, "TEL's share price has gone up 4.6x in the last five years (from Rs 58 in January 2018 to Rs 272 in January 2023). We expect 44.5% CAGR in distillery sales to boost earnings CAGR of 17.6% during FY22-25E. We are introducing FY25E numbers. We maintain BUY rating on the stock. We value the stock at Rs 360, valuing the business at 14x FY24 PE."

2. Buy Tata Consumer Products Ltd

The brokerage has given buy rating to Tata Consumer Products with a target price of Rs 950 apiece. The current market price of Tata Consumer is Rs 730 apiece with intraday fall of 1.18%.

if you buy Tata Consumer Products Ltd with a target price of Rs 950 apiece, you will likely get a return of 30%. The stock's 52-week high is Rs 861.35 apiece and 52-week low is Rs 650.75 apiece, respectively.

The company has a market capitalisation of Rs 67,994.36 crore. The FMCG stock declined 8% in last 6-months, gave a return of 3% in last 1-year, and rallied 90% in last 3-years.

The large cap company was incorporated in 1962.

3. Buy ITC

The analyst has assigned buy call to ITC with a target price of Rs 405 apiece. The current market price of the stock is Rs 345.95 apiece with an intraday gain of 1.85% at a time when share market crashed sharply by over 900 points till noon trade.

If you buy ITC now, you will likely get a return of 17%. The stock's 52-week high is Rs 361.90 apiece and 52-week low is Rs 207.00 apiece, respectively. The large cap company has a market capitalisation of Rs 4,28,721.15 crore.

The stock has given 61% return to investors in last 1-year only and 13% return in last 6-months.
The company came into existence in 1910 and operates in Tobacco sector.

4. Hold Jyothy Laboratories (JYOLAB)

ICICI Direct has picked Jyothi Labs with hold rating with a target price of Rs 215 apiece. The current market price of the stock is Rs 203.60 apiece. The mid cap FMCG stock 52-week high is Rs 218.00 apiece and 52-week low is Rs 130.00 apiece, respectively.

It has a market capitalisation of Rs 7,476.37 crore. It has soared 48% in last 1-year and 23% in last 6-months.

According to ICICI Direct, "JLL's share price has underperformed the FMCG index with mere 11.5% return (from Rs 182 in January 2018 to Rs 204 in January 2022). With the decline in palm oil, soda ash & other crude related commodities, margins are likely to improve in FY24E. We continue to maintain our HOLD rating on the stock. We value the stock at Rs 215, valuing the business at 25x FY25 earnings."

5. Hold VST Industries

ICICI Direct has given hold rating to VST Industries Ltd with a target price of Rs 3300 apiece. The current market price of the mid cap stock, operating in Tobacco sector, is Rs 3050.00 apiece with an intraday dip of 1.64%.

The stock's 52-week high is Rs 3865.40 apiece and 52-week low is Rs 2786.00 apiece, respectively. The company has a market capitalisation of Rs 4727.93 crore. The stock declined 14% in last 3-months, 4% in last 6-months, and 32% in last 3-months.

According to ICICI Direct, "VST industries' share price has underperformed the market with -7% return in last five years (from Rs 3349 in January 2018 to Rs 3114 in January 2023). We cut our EPS estimate by 6% & 5% for FY23E & FY24E, respectively, given the company is losing market share due to its insignificant presence in high priced cigarettes segment. We are introducing FY25E numbers. We continue to maintain our HOLD rating on the stock."

 

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.