ICICI Securities Assigns "Buy" On 4 Quality Metal Stocks, Sees Robust Gains Up To 53%

ICICI Securities in its report on Metal Sector lists 4 quality metal stocks with a "Buy" for robust gains of up to 53% from their current level. These 4 stocks are Jindal Steel & Power, Jindal Stainless, Shyam Metalics and Energy, and APL Apollo Tubes. Below are key details of the stocks:

1. Jindal Steel & Power Ltd. (JSPL)

ICICI Securities has assigned a target price of Rs 750/share on the JSPL stock with a "Buy" tag. The brokerage sees a potential upside of 28% from the current level. The stock last traded at Rs 589.30/share. Its 52 week low is Rs 304.20/share and 52 week high is Rs 622.75/share, respectively.

It has fallen 1.96% in 1 month, whereas, gained 14.09% in 3 months. It gained 41.95% in 1 year, 204.71% in 3 years and 138.29% in 5 years, respectively. It is a large-cap stock having a market valuation of Rs 60,072.99 crore.

2. Jindal Stainless Ltd.

The brokerage has a "Buy" on the stock of Jindal Stainless with a target price of Rs 300/share, implying a potential upside of 10% from its current level. The stock last traded at Rs 273.15/share. Its 52 week low is Rs 95.05/share and 52 week high is Rs 274.40/share, respectively.

It gained 6.26% in 1 week, 6.93% in 1 month, and 51.2% in 3 months, respectively. It gained 44.1% in 1 year. It has given 556.61% robust return in 3 years and 170.58% in 5 years, respectively. It is a midcap stock having a market valuation of Rs 14,377.56 crore.

 

3. Shyam Metalics and Energy Ltd. (SMEL)

The brokerage placed a "Buy" on the stock of SMEL with a target price of Rs 425/share. The brokerage sees a 53% robust return if stock is purchased at the current market price (CMP). The stock's CMP is Rs 278.85/share. Its 52 week high is Rs 385.50/share and 52 week low is Rs 273.10/share, respectively.

It has fallen 1.08% in 1 week, 11.44% in 1 month and 4.16% in 3 months, respectively. Whereas, in 1 year it has fallen 9.01%. It has fallen 23.21% since its listing date, June 24, 2021. It is a midcap stock having a market valuation of Rs 7,368.01 crore.

4. APL Apollo Tubes Ltd.

The brokerage suggests "Buy" the stock of APL Apollo Tubes with a target price of Rs 1,375/share, implying a potential upside of up to 8% from its current level. The stock's Current Market Price is Rs 1,275/share. Its 52 week high is Rs 1,337.90/share and 52 week low is Rs 770.90/share, respectively.

The stock jumped 4.71% in 1 week, 6.54% in 1 month and 15.77% in 3 months, respectively. In the past 1 year, it gave a 53.75% positive return. In 3 and 5 years it gave 503.04% and 534.09% positive returns, respectively. It is a midcap stock having a market valuation of Rs 35,609.28 crore.

 

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 consult with certified experts before making any investment decision.