Stocks To Buy: Infra, Power, Tyres Sector Stocks Get Buy Call For Higher Return

ICICI Securities and ICICI Direct have recommended investors to buy 3 stocks that are showing potential to surge. These stocks are Balkrishna Industries, KEC International Ltd, and HG Infra Engineering. These are large, mid, and small-cap stocks and operate in Power, Infrastructure, and Tyres sector. If you buy these stocks now, you can get maximum return of 23%. Check details below:

Buy Balkrishna Industries: Current market price of Balkrishna Industries is Rs 1937.15 apiece with intraday fall of 1.46%. ICICI Securities has recommended investors to buy Balkrishna Industries with target price of Rs 2378 apiece. If you buy Balkrishna Industries share now, you can get likely return of 23%.

Its 52-week high is Rs 2451.00 apiece and 52-week low price is Rs 1801.00 apiece, respectively. The large cap Tyres sector stock has a market capitalisation is Rs 37,448.44 crore. The stock fell 5% in last 1-year, gave return of 17% in last 2-years, and 128% return in last 3-years.

According to ICICI Securities, "We are building-in FY24E volume growth at ~8% YoY, with realisation/kg at ~Rs310. Maintain BUY with an unchanged DCF-based target price of Rs2,378, implying 22x FY25E EPS."

Buy KEC International Ltd: ICICI Securities has assigned buy call to mid-cap power sector stock, KEC International with target price of Rs 540 apiece. Current market price of KEC International is Rs 456.15 apiece on BSE. If you buy KEC International now, you can get potential return of 18%. The stock's 52-week high price is Rs 525.05 apiece and 52-week low price is Rs 345.15 apiece, respectively.

Its market capitalisation is Rs 11,727.09 crore. The stock gave return of 5% in last 6-months, 16% in last 1-year, 10% in last 2-years, and 143% return in last 3-years.
According to ICICI Securities, "We expect a gradual improvement in balance sheet with pick up in execution pace and lower commodity prices. We marginally tweak our estimates and maintain BUY with a revised TP of Rs540 (Rs528 earlier) at 15x FY25E."

Buy HG Infra Engineering: ICICI Direct has recommended investors to buy HG Infra Engineering Ltd with target price of Rs 915 apiece. Current market price of the small cap Infrastructure sector stock is Rs 769.00 apiece.

If you buy HG Infra Engineering share now, you can get potential return of 19%. Its 52-week high price is Rs 823.00 apiece and 52-week low price is Rs 508.55 apiece, respectively. The company has a market capitalisation of Rs 5,011.66 crore. It gave return of 36% in last 1-year, 165% return in last 2-years, and 381% return in last 3-years.

According to ICICI Direct, "We maintain our BUY rating as we expect robust execution pace on healthy order book to drive strong earnings growth ahead. We value HG Infra at a target price of Rs 915."

Disclaimer: The stocks have been picked from the brokerage report of ICICI Direct and ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage Houses 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.