ICICI Direct Upbeat On 5 Stocks That Can Rally Up To 39%: Hold, Buy Call Assigned

ICICI Direct is bullish on 5 stocks that are showing potential to soar. These stocks are Sobha Ltd, Time Technoplast, GR Infraprojects, Nestlé India, and Techno Electric & Engineering. If you buy these stocks now, you can receive maximum potential return of up to . Some of these stocks announced whopping dividend of Rs 75 per share. Check details below:

1. Buy Techno Electric & Engineering

ICICI Direct has recommended investors to buy Techno Electric & Engineering with a target price of Rs 500 apiece. Current market price of the stock is Rs 359.75 apiece with intraday gain of 0.47%.

If you buy Techno Electric & Engineering now, you can get potential return of 39%. The company has a market capitalisation of Rs 3,957.25 crore.

The mid cap Engineering sector stock gave a return of 23% in last 3-months, 21% in last 6-months, and 40% in last 1-year. It soared 22% in last 3-years.

2. Buy Sobha Ltd

The current market price of the Real Estate sector stock is Rs 590.60 apiece with intraday gain of 2.08%. ICICI Direct has assigned buy call to Sobha Ltd with a target price of Rs 750 apiece.

If you buy Sobha Ltd shares now, you can get potential return of 27%. The mid cap company has a market capitalisation of Rs 5,601.60 crore. The stock declined 25% in last 1-year and gave a return of 55% in last 3-years.

3. Hold Time Technoplast

The analyst has recommended investors to hold Time Technoplast with a target price of Rs 95 apiece. Current market price of the small cap packaging sector stock is Rs 86.65 apiece with an intraday gain of 1.40%. The company has a market capitalisation of Rs 1959.56 crore.

The small cap packaging sector stock declined 16% in last 3-months and gave a return of 15% in last 1-year. In last 3-years, the stock gave 69% return.

4. Buy GR Infraprojects

Current market price of the stock is Rs 1147.95 apiece. ICICI Direct has recommended investors to buy with a target price of Rs 1400 apiece. If you buy GR Infraprojects shares now, you can get potential return of 22%.

The small cap Construction sector company has a market capitalisation of Rs 11,143.41 crore. The stock fell 26% in last 1-year and 18% in last 6-months.

5. Hold Nestle India

ICICI Direct has recommended investors to hold Nestlé India with a target price of Rs 22000 apiece implying a potential return of 15%.

Current market price of Nestlé India is Rs 19010.35 after an intraday decline of 3.11%. The large cap FMCG stock has a market capitalisation of Rs 1,83,334.48 crore.

The Board of Directors recommended final dividend for the year 2022 of Rs. 75/- (Rupees Seventy-Five only) per equity shares of Rs. 10/- each. The record date is April 21, 2023. The stock gave a return of 5% in last 1-year, 14% in last 3-years, and 150% in last 5-years.

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.