These 4 stocks are the best choices by ICICI Securities for a period of 3 months

With a lead time of about three months, national brokerage and research firm ICICI Securities has buy recommendations and sees upside potential on these four stocks – financial services firm Housing Development Finance Corporation (HDFC), Phoenix Mills, Bajaj Finance, and carmaker Ashok Leyland.

Here are the best stock picks from ICICI Securities:

HDFC: The Nifty Financial Services Index recently broke above the five-month range and is currently at an all-time high, pointing to an upward structural trend. In housing finance (real estate proxy), the brokerage likes HDFC, which is expected to catch up and outperform in the future.

The buy position of ICICI Securities is accompanied by a ??3,125 target price and stop loss of ??2,628.

Phoenix Mills: “The real estate sector is outperforming the broader markets after a decade-long break in consolidation. One of the favorite picks in real estate is Phoenix Mills, which we plan to catch up with as the primary beneficiary of the economy returning to normal. The stock offers a favorable risk-reward configuration for a new entry, ”the note said. It has a target price of ??1,085 on stock and ??850 stop loss.

Bajaj Finance: The “Buy” rating of the financial services company is matched with a target price of ??8,630 per share and stop loss of ??7,150 with a time horizon of three months.

Bajaj Finance is a dominant player in the field of consumer credit, while also having made a foray into various other credit segments such as housing, SME loans, etc.

Ashok Leyland: ICICI Securities’ recommendation to buy the car share comes with a price target of ??146 per share and stop loss of ??114. Ashok Leyland (ALL) is an outright commercial vehicle manufacturer present in M ​​& HCV buses and trucks and light commercial vehicles.

The opinions and recommendations expressed above are those of individual analysts or brokerage firms, not Mint.

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