ICICI Direct has recommended five stocks across the auto components, chemicals, building materials, pharmaceuticals and textile sectors. According to the brokerage, the stocks offer potential upside of up to 33% from their previous closing levels.
Among the five picks, Sudarshan Chemical Industries carries the highest return potential based on ICICI Direct’s target price.
Stocks recommended by ICICI Direct
| Company | Target Price | Previous Close | Potential Upside |
|---|---|---|---|
| Lumax Auto Technologies | ₹2,035 | ₹1,773.30 | 14.76% |
| Sudarshan Chemical Industries | ₹1,180 | ₹887.60 | 32.94% |
| Kajaria Ceramics | ₹1,300 | ₹1,094.85 | 18.74% |
| Ipca Laboratories | ₹1,845 | ₹1,619.90 | 13.90% |
| Indo Count Industries | ₹418 | ₹333.20 | 25.45% |
Lumax Auto Technologies
Market capitalisation: ₹11,198.31 crore
Shares of Lumax Auto Technologies Ltd. were trading at ₹1,705.10, down 3.85% from the previous close of ₹1,773.30.
ICICI Direct has assigned a ‘Buy’ rating with a target price of ₹2,035, implying an upside of 14.76% from the previous closing price.
The company is part of the Lumax-DK Jain Group and manufactures automotive components for two-wheelers, three-wheelers and passenger vehicles. It supplies products to leading OEMs and also caters to the aftermarket segment.
Sudarshan Chemical Industries
Market capitalisation: ₹7,060.36 crore
The stock was trading at ₹897.95, up 1.17% from its previous close of ₹887.60.
ICICI Direct has recommended a ‘Buy’ with a target price of ₹1,180, indicating a potential upside of 32.94%.
Founded in 1951, Sudarshan Chemical Industries Ltd. manufactures pigments and specialty chemicals. The company exports to more than 80 countries and serves industries such as:
- Coatings
- Plastics
- Inks
- Cosmetics
- Other industrial applications
Kajaria Ceramics
Market capitalisation: ₹17,392.53 crore
Shares of Kajaria Ceramics Ltd. were trading at ₹1,092, marginally lower than the previous close of ₹1,094.85.
The brokerage has set a target price of ₹1,300, which suggests an upside of 18.74%.
Kajaria Ceramics is India’s largest tile manufacturer and supplies ceramic and vitrified tiles for:
- Residential projects
- Commercial developments
- Institutional applications
The company also exports its products to overseas markets.
Ipca Laboratories
Market capitalisation: ₹41,365.48 crore
Ipca Laboratories Ltd. was trading at ₹1,630.75, up 0.67% from the previous day’s close of ₹1,619.90.
ICICI Direct has maintained a ‘Buy’ recommendation with a target price of ₹1,845. The target implies an upside of 13.90%.
The Mumbai-based pharmaceutical company manufactures:
- Active pharmaceutical ingredients (APIs)
- Branded formulations
- Generic medicines
Its products are sold in more than 120 countries. The company has a presence in anti-malarial, cardiovascular and pain management therapies.
Indo Count Industries
Market capitalisation: ₹6,480.34 crore
Shares of Indo Count Industries Ltd. were trading at ₹327.20, down 1.80% from the previous close of ₹333.20.
ICICI Direct has given the stock a ‘Buy’ rating and a target price of ₹418, indicating an upside potential of 25.45%.
The company manufactures home textiles and bedding products. Established in 1988, it is among the world’s largest producers and exporters of bed linen.
Its key markets include:
- United States
- United Kingdom
- Europe
- Middle East
TL;DR:
ICICI Direct has recommended five stocks with upside potential ranging from 13.9% to 32.94%. Sudarshan Chemical offers the highest upside, followed by Indo Count Industries and Kajaria Ceramics.
AI summary:
- ICICI Direct has recommended five stocks across different sectors.
- Sudarshan Chemical carries the highest upside potential at 32.94%.
- Indo Count Industries offers a potential upside of 25.45%.
- Kajaria Ceramics has a target price of ₹1,300.
- Lumax Auto Technologies and Ipca Laboratories also feature in the brokerage’s buy list.
