Stocks To Buy: ICICI Direct Recommends Quality Stocks That Can Soar 41%

ICICI Direct has recommended investors to buy 2 stocks showing potential to rally and offer attractive return. These 2 stocks are Supreme Industries and PSU Navratna CPSE Bharat Electronics Ltd. If you buy these 2 stocks now, you can get potential return of 41%. Check details below:

Buy Bharat Electronics Ltd: ICICI Direct has suggested investors to buy Navratna CPSE Bharat Electronics Ltd with target price of Rs 130 apiece. Current market price of Bharat Electronics Ltd is Rs 92.64 apiece with intraday fall of 0.19% on BSE. If you buy Bharat Electronics Ltd share, you can get potential return of 41%.

The stock's 52-week high price is Rs 115.00 apiece and 52-week low price is Rs 67.70 apiece, respectively. The company's market capitalisation is Rs 67,717.79 crore. The large cap PSU stock, operating in Defence sector, gave 35% return in last 1-year and 297% return in last 3-years. It soared 83% in last 5-years.

The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 4211.76 crore, up 4.37% from previous quarter total income of Rs 4035.38 crore. It declared its net profit after tax at Rs 603.01 crore in latest quarter.

Buy Supreme Industries: ICICI Direct has assigned buy call to Supreme Industries with a target price of Rs 2880 apiece on BSE. Current market price of the mid cap Plastics sector stock is Rs 2488.85 apiece. If you buy Supreme Industries share now, you can get likely return of 16%.

The stock's 52-week high price is Rs 2816.45 apiece and 52-week low price is Rs 1668.60 apiece, respectively. Its market capitalisation is Rs 31,615.08 crore.
The stock gave 24% return in last 1-year, 21% in last 6-months, and 125% return in last 3-years.

The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 2319.00 crore, up 10.84% from previous quarter total income of Rs 2092.12 crore. Its net profit after tax is declared at Rs 182.45 crore in latest quarter.