These four stocks can give huge profits, ICICI Securities advises to ‘buy’
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Multibagger Stock: With a time frame of around three months, domestic brokerage and research firm ICICI Securities has listed ‘buy’ for these four stocks – financial services company Housing Development Finance Corporation (HDFC), Phoenix Mills, Bajaj Finance and automaker Ashok Leyland. recommendations have been made. The brokerage has predicted a jump in these shares. Know about the preferred shares of ICICI Securities:-
HDFC
Within the housing finance space (proxy for the real estate sector), the brokerage likes HDFC, which is expected to grow and outperform. ICICI Securities has a ‘Buy’ rating on the stock with a target price of Rs 3,125 and a stop loss of Rs 2,628.
Phoenix Mills
The brokerage said, “Phoenix Mills is one of the preferred picks in the realty sector. We expect it to be a major beneficiary of the economy back to normalcy. The stock offers a favorable risk-reward setup for fresh entry ” The target price for this stock is Rs 1,085 and the stop loss is Rs 850.
Bajaj Finance
The brokerage has given ‘Buy’ rating on this financial services company with a target price of Rs 8,630 per share and a stop loss of 7,150 with a time frame of three months. Bajaj Finance is a major player in the consumer finance space, while it has also forayed into several other lending segments like housing, SME lending, etc.
Ashok Leyland
This is ICICI Securities recommendation for buying this auto stock with a target price of Rs 146 per share and a stop loss of Rs 114.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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