Domestic brokerage and research house ICICI Securities is bullish on the shares of 3 companies. ICICI Securities has given buy advice on IT stock Tech Mahindra, metal stock Graphite India and state-owned Bharat Electronics (BEL). These three stocks are the top stock picks of ICICI Securities. Domestic brokerage houses have given time frames of around 3 months to these stocks.
Tech Mahindra stock may go up to Rs 1690
Brokerage house ICICI Securities has given buy rating to the shares of Tech Mahindra. The brokerage house has given a target price of Rs 1,690 for this IT stock. Also, the stock has been asked to maintain a stop loss at Rs 1,328. A time frame of about 3 months has been given for the stock. Shares of Tech Mahindra are trading at the level of Rs 1478 on BSE on Wednesday.
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Target price of Rs 568 for Graphite India
ICICI Securities has given buy rating to metal stock Graphite India. The brokerage house has given a target price of Rs 568 for the shares of the company. The brokerage house has advised a stop loss of Rs 442. Graphite India Limited manufactures graphite electrodes as well as carbon and graphite specialty products. The company’s shares are trading at the level of Rs 491 on the Bombay Stock Exchange on Wednesday.
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Target of Rs 245 for Bharat Electronics shares
Brokerage house, PSU stock is bullish on Bharat Electronics (BEL) shares. ICICI Securities has given a target price of Rs 245 for the shares of the company and a stop loss of Rs 192. The public sector company manufactures radar, communication and electronic warfare equipment. The company’s shares are trading at a level of Rs 208.85 on BSE on Wednesday.