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Top Gladiator Stock Picks By ICICI-Sec For Good Returns In 3 Months

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The brokerage firm ICICI Securities has picked up gladiator stocks with Bank of Baroda (BoB) as a new recommendation for a target price (TP) of Rs 138.00 in 3 months and a stop-loss (SL) of Rs 109.00. Apart from BoB the brokerage firm also have open recommendations with buy call ratings for Greaves Cotton (TP: Rs 228.00, SL: Rs 182.00), Phoenix Mills (TP: Rs 1,208.00, SL: Rs 998.00), Gujarat Pipavav Port (TP: Rs 105.00, SL: 82.00), Adani Ports (TP: Rs 915.00, SL: Rs 755.00), Info Edge (TP: Rs 5,380.00, SL: Rs 4,315.00) and Tech Mahindra (TP: 1,690.00, SL: Rs 1,328.00).

 
Top Gladiator Stock Picks By ICICI-Sec For Good Returns In 3 Months

In basic terms, financial professionals or brokerage companies propose Gladiator stocks for a period of 3 to 6 months, and investors are recommended to buy these stock(s) at the given price recommendation to achieve the targeted price goal and stop-loss range.

By having BoB as its top stock pick ICICI Securities has said "The PSU Bank index relatively outperformed the Bank Nifty during recent corrective phase within which Bank of Baroda has been resilient. The stock has logged a resolute breakout from seven years falling channel, indicating conclusion of multi year corrective phase. Hence, it offers a fresh entry opportunity to ride the structural up trend, going ahead."

According to the brokerage "Key point to highlight is the stock is sustaining well above the regression support line of Rs 110, highlighting rejuvenation of upward momentum. Over the past eight years on multiple occasions the stock reacted from regression support line. On the volume front, the up move off May 2020 low is backed by ~3x volume of average volume, highlighting larger participation in the direction of the trend that bodes well for durability of the trend."

"We expect the stock to accelerate upward momentum and gradually head towards Rs 138 around 80% retracement of the recent decline of March 2018 to May 2020 (Rs 158-36)," ICICI Securities has claimed for the shares of BoB.

The brokerage has also highlighted for BoB that "Recent quarter performance was healthy on asset quality front with advances growth was driven by corporate and agri loans. Moderation in slippages and gradual resolution of NPA to further improve the asset quality. Subsequently, credit cost is also expected to improve. We believe improving business outlook along with containment of slippages should help the overall performance to improve. We expect RoA of 0.9% and RoE of 11.8% by FY24E while earnings are projected to grow at CAGR of ~110% over FY21-24E."

 

Top New & Open Gladiator Stock Picks By ICICI-Sec

New recommendations
DateCompaniesBuying Range In RsTarget Price In RsStoploss in RsUpside in %DurationCurrent Market Price
13-Apr-22Bank of Baroda117-122138109153 Months119
DateCompaniesBuying Range In RsTarget Price In RsStoploss in RsUpside in %DurationCurrent Market Price
13-Apr-22Bank of Baroda117-122138109153 Months119
Open recommendations
DateCompaniesAvg Recommendation PriceTarget Price In RsStoploss in RsReturn till date (% )DurationCurrent Market Price
07-Apr-22Greaves Cotton198228182-2%3 Months194
07-Apr-22Phoenix Mills1,067.001,208.009981%3 Months1,074.00
05-Apr-22Gujarat Pipavav Port91105820%3 Months91
04-Apr-22Adani Ports8169157553%3 Months840
22-Mar-22Info Edge4,703.005,380.004,315.001%3 Months4,764.00
14-Mar-22Tech Mahindra1,493.001,690.001,328.00-5%3 Months1,420.00
Source: ICICI Direct Research. Data as of April 13, 2022

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