Stocks To Buy: 7 High-Quality Stocks Recommended By ICICI Securities In Oct' 22

We have collated a list of stocks, where ICICI Securities had a buy call in the last few days, towards the second half of Oct. Among these include names like Dodla Dairy, Jubilant Pharmova and Route Mobile. We have highlighted below the target price and the current market price on the stocks.

7 stocks where ICICI Securities has given a recent buy call

Name of company	Target price	Current market price
Dodla Dairy	620	504
Route Mobile	1560	1308
Poonawala Fincorp	368	309
HUL	2800	2524
L&T Finance	90	80
DLF	450	384
Jubilant Pharmova	417	371

Nifty can reach levels of 18,000 points

Markets may continue to be buoyant over the next few trading sessions, with the Nifty likely to hit 18,000 points. "On the global front, while the US GDP growth of 2.6% annualized was better than expected, weak results from tech heavyweight impacted sentiments. Nifty has been consolidating around the 17800 zone for last 4 trading sessions after witnessing a sharp upmove of more than 800 points in 8 sessions. Strong traction in ongoing domestic earnings, FIIs turning buyers and positive domestic cues can lead the Nifty to reach 18000/18200 levels over the next few days," says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Should you buy the above listed stocks?

Some of the stocks mentioned by ICICI Securities are fundamentally sound, and hence there are not too many concerns. For example, HUL maybe a good buy, given that cost pressures are reducing for the company. The company is also likely to witness easy cost pressures, as inflationary pressures ease. Some of the other listed stocks have a long-standing track record. Overall, gains for the markets would also depend on the market momentum. Should we see the markets rally, some of the stocks highlighted above would continue to gain. Overall, the trend for the markets right now is firm and there are no reasons for a sudden selling pressure for the markets.

Disclaimer

The above stock was picked from the brokerage reports of ICICI Securities. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.