Stocks To Buy: ICICI Direct Sees Sharp Upside In Top 4 Stocks, Assigns Buy Call

Leading brokerage firm ICICI Direct has selected four stocks to buy as they all have been signaling an upside. These stocks are Eicher Motors Ltd, City Union Bank, Coforge Ltd, and Apollo Tyres. If investors buy the stocks at their current market price, they can get maximum potential return of 23%. Check key takeaways below:

1. Eicher Motors Ltd

ICICI Direct has given buy call to Eicher Motors Ltd with a target price of Rs 4170 apiece. The stock is showing a potential return of 19.86%. The current market price of Eicher is Rs 3479 apiece with an intraday gain of 0.70%.

The stock's 52-week high is Rs 3800 and 52-week low is Rs 2110 apiece, respectively. The company has a market capitalisation of Rs 95,154.39 crore.
The stock has given a return of 10% in last 5 years, 90% in last 3 years, and 19% in last 1 year.

The stock operates in auto sector and the large cap company was incorporated in 1982.

2. City Union Bank Ltd

ICICI Direct has a buy call on City Union Bank Ltd with a target price of Rs 215 apiece. If investors buy the stock at its current market price of Rs 183, it can fetch a potential return of 17.49%.

The stock's 52-week high is quoted at Rs 194 apiece and 52-week low is quoted at Rs 108 apiece, respectively. The company has a market capitalisation of Rs 13,552.89 crore.

The stock has given a return of 26% in last 5 years and 8% in last 1 year. It declined 17% in last 3 years. It was incorporated in 1904 and functions as a banking company.

3. Coforge Ltd

ICICI Direct has raised buy call to Coforge Ltd with a target price of Rs 4375 apiece. If investors buy the stock at its current market price of Rs 3608 apiece, it can offer a potential return of 21.26%.

The stock's 52-week high is Rs 6133 apiece and 52-week low is Rs 3210 apiece, respectively. The company has a market capitalisation of Rs 21,999 crore.

The stock has given multibagger returns to investors with 5-years return at 477%, 3-years return at 154%, and negative return of 32% in last 1 year. The mid-cap company was incorporated in 1992 and operates in IT Software sector.

4. Apollo Tyres

ICICI Direct has assigned buy call to the stock of Apollo Tyres Ltd with a target price of Rs 335 apiece. The current market price of Apollo is Rs 272 apiece.

If investors buy the stock at its current market price of Rs 272, it can offer a potential return of 23%. The company has a market capitalisation of Rs 17,303 crore.

The shares have given a return of 12% in last 5 years, 63% in last 3 years, and 13% in last 1 year. The mid-cap company operates in Tyres sector and came into existence in 1972.

Disclaimer

The stocks have been picked from the brokerage report of ICICI Direct. 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 check with certified experts before taking any investment decision.