Stocks To Add, Hold, Sell: ICICI Securities Lists 5 Metal Stocks, Sees Significant Upside

ICICI Securities lists 5 quality Metal sector stocks including 2 PSU stocks with Add, Hold & Sell ratings. These stocks are Tata Steel, NMDC, Hindalco Industries, NALCO, and JSW Steel. Here are the key takeaways from the stocks:

Add - Tata Steel

The brokerage assigned "Add" on the stock with a target price of Rs 120/share, indicating an upside of 7% from its current level. The stock is currently trading at Rs 112.25/share on NSE.

The stock has fallen 1.23% in 1 year. However, it has gained 153.64% in 3 years and 65.99% in 5 years, respectively. This is a Large cap Tata Group stock having a market capitalisation of Rs 1,37.452 crore.

 

Add- NMDC

ICICI Securities Assigned an "Add" call to the stock of NMDC with a target price of Rs 130/share, implying an upside of 14% from its current level. The stock's current market price on NSE is Rs 114.75/share.

The stock declined 19.65% in the past 1 year, whereas, it gained 9.24% in the apt 3 years. It gave 11.87% negative return in the past 5 years. It is a Navratna Category PSU stock having a market capitalisation of Rs 33,701.97 crore. It is a midcap stock.

 

Add - Hindalco Industries

"Add" call initiated by the Brokerage on the stock of Hindalco industries with a target price of Rs 495/share. The brokerage sees a decent 14% upside from its current level. Its current market price on NSE is Rs 434.75/share.

The stock has fallen 16.34% in the past 1 year. It gave the highest 128.45% positive return in the past 3 years and 76.01% in the past 5 years, respectively. Hindalco Industries is a large-cap Metal sector company with a market capitalisation of Rs 97,393.41 crore.

 

Hold - National Aluminium Company Limited (NALCO)

The brokerage placed a "Hold" on the stock of NALCO with a target price of Rs 79/share. The stock is trading at Rs 81.65/share on NSE. Its 52 week low is Rs 66.95/share and 52-week high is Rs 132.70/share, respectively.

The stock declined 29.8% in the past 1 year. However, it gained 110.05% in the past 3 years and 19.94% in the past 5 years, respectively. It is a Navratna Category metal sector PSU stock. This is a midcap stock having a market capitalisation of Rs 14,968.55 crore.

 

Sell - JSW Steel

The brokerage assigned a "Sell" rating to the stock on JSW Steel with a target price of Rs 550/share. The stock is currently trading at Rs 704/share, up 0.56% from its previous close. The 52 week high is Rs 790/share and 52 week low is Rs 520.05/share, respectively.

The stock gained 14.59% in the 1 year, 149.96% in 3 years and 129.48% in 5 years, respectively. It is a large cap metal sector stock with a market capitalisation of Rs 1,70,293 crore.

 

Disclaimer

The stocks have been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.