ICICI Securities Upbeat On 2 Stocks That Can Fetch Potential 38% Return

ICICI Securities has recommended investors to invest in 2 stocks that can fetch them maximum return of up to 38%. The brokerage has upgraded Mahindra & Mahindra to buy from add and recommended buy call to Embassy Office Parks REIT. Check
details below:

Buy Mahindra & Mahindra: ICICI Securities has assigned buy call to Mahindra & Mahindra stock with target price of Rs 1386 apiece. Last trading price of the stock is Rs 1144.75 apiece with intraday rally of 1.48% on BSE. Its 52-week high price is quoted at Rs 1396.00 apiece and 52-week low price is quoted at Rs 770.90 apiece, respectively. If you buy Mahindra & Mahindra share, you can get likely return
of 21%.

It has a market capitalisation of Rs 1,42,352.96 crore. The large cap Auto sector stock gave return of 48% in last 1-year, 42% in last 2-years, 287% in last 3-years, and fell 8% in last 6-months.

According to the analyst, "We upgrade M&M to BUY from Add, as post the recent correction (~10% in six months) and factoring in the cut in tractor volume, M&M is currently trading at ~12.5x FY25E core EPS vs long term mean multiple of approximately 15x."

Buy Embassy Office Parks REIT: ICICI Securities has recommended buy call to Embassy Office Parks REIT with target price of Rs 425 per share. Last trading price of Embassy Office Parks REIT is Rs 308.42 apiece with intraday jump of 0.91%. If you buy Embassy Office Parks REIT share, you can get potential upside of 38%.

The stock's 52-week high is Rs 406.69 apiece and 52-week low price is Rs 299.00 apiece, respectively. It has a market capitalisation of Rs 29,234.94 crore.
The stock declined 16% in last 1-year, 4% in last 2-years, and over 17% in last 3-years.

According to the analyst, "We retain our BUY rating with an unchanged Mar'23 NAV based target price of Rs425/unit assuming completion of Business Hub asset acquisition in FY24E."

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.