ICICI Securities Sees Potential Upside Of Up To 50% In These 5 Stocks, Assigns Buy Call

ICICI Securities has assigned buy call to five stocks namely Gujarat Gas (Target Price Rs 533), Mahanagar Gas (Target Price Rs 975), Route Mobile (Target Price Rs 1520), Manappuram Finance (Target Price Rs 147), and Muthoot Finance (Target Price Rs 1487). Check key takeaways below:

Name of company	Potential Upside
Gujarat Gas Ltd	9%
Mahanagar Gas Ltd	18%
Route Mobile Ltd	9%
Manappuram Finance Ltd	50%
Muthoot Finance Ltd	43%

1. Gujarat Gas Ltd

ICICI Securities has given buy rating to the stock of Gujarat Gas Ltd with a target price of Rs 533 and a potential gain of 9%. The analyst has given a time period of 1-year when the stock will be able to reach the specified target price.

The current market price of the stock is Rs 490 apiece with a 52-week high at Rs 721 apiece and a 52-week low at Rs 403 apiece, respectively. The mid-cap company has a market capitalisation of Rs 33,744 crore. Gujarat Gas Ltd came into existence in 2012 and operates in Gas & Petroleum sector.

2. Mahanagar Gas Ltd

The brokerage firm has recommended investors to buy Mahanagar Gas Ltd with a target price of Rs 975 apiece. The stock will offer a potential upside of 18% in a target period of 1-year if investors invest in the stock at its current market price.

The current market price of the stock is Rs 823 apiece with a 52-week high at Rs 1107 apiece and 52-week low at Rs 666 apiece, respectively. The mid cap company came into existence in 1995 and operates in gas & petroleum sector. It has a market capitalisation of Rs 8,134.84 crore.

3. Route Mobile Ltd

ICICI Securities has given add call to the stock of Route Mobile Ltd with a target price of Rs 1520 apiece with a potential upside of 9%. The current market price of the stock is Rs 1394 apiece with a 52-week high of Rs 2388 apiece and 52-week low at Rs 1052 apiece.

The company has a market capitalisation of Rs 8792 crore. The small cap company was incorporated in 2004 and operates in services sector.

4. Manappuram Finance Ltd

The analyst has given buy rating to the stock with a target price of Rs 147 apiece and a potential gain of 50%. The current market price of the stock is Rs 98 apiece with its 52-week high at Rs 224 apiece and 52-week low at Rs 81 apiece, respectively.

The company has a market capitalisation of Rs 8341 crore. The mid cap company came into existence in 1992 and operates in NBFC sector.

 

5. Muthoot Finance Ltd

ICICI Securities has recommended investors to buy Muthoot Finance Ltd with a target price of Rs 1487 apiece and a potential upside of 43%. The current market price of the stock is Rs 1040 apiece with its 52-week high at Rs 1722 apiece and 52-week low at Rs 950 apiece, respectively.

The company has a market capitalisation of Rs 41,767 crore. The large-cap company came into existence in 1997 and operates in NBFC sector.

 

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 check with certified experts before taking any investment decision.