United Spirits, Thermax, Hindustan Aeronautics, IDFC First Bank and Bharat Electronics could be five stocks investors can add to their portfolios in March for gains over the next three months, analysts at ICICI Direct said.
United Spirits, Thermax, Hindustan Aeronautics, IDFC First Bank and Bharat Electronics could be five stocks investors can add to their portfolios in March for gains over the next three months, analysts at ICICI Direct said.
The brokerage firm has selected these five stocks as gladiator stocks to recommend for a three-month period. However, investors are advised to stagger entry of these stocks within the prescribed range. Once the recommendation is executed, it is advisable to keep the stop-loss strictly as provided on the closing basis.
The brokerage firm has selected these five stocks as gladiator stocks to recommend for a three-month period. However, investors are advised to stagger entry of these stocks within the prescribed range. Once the recommendation is executed, it is advisable to keep the stop-loss strictly as provided on the closing basis.
The top five Gladiator stocks recommended by ICICI Direct are::
Buy United Spirits: 755-776 | target price €848 | stop the loss €712
The top five Gladiator stocks recommended by ICICI Direct are::
Buy United Spirits: 755-776 | target price €848 | stop the loss €712
United Spirits’ share price has potential for another rally, with analysts at ICICI Direct expecting an estimate of 10 percent above current levels.
United Spirits’ share price has potential for another rally, with analysts at ICICI Direct expecting an estimate of 10 percent above current levels.
The brokerage firm has placed a “buy” deal on United Spirits with a buy range in between €755-776 and a target price of €848. The timeframe given is three months. The stop loss can be held €712
The brokerage firm has placed a “buy” deal on United Spirits with a buy range in between €755-776 and a target price of €848. The timeframe given is three months. The stop loss can be held €712
The stock is expected to regain upside momentum and move towards the price €848 levels as it is a 50% retracement of the past three months decline ( €952-730)
The stock is expected to regain upside momentum and move towards the price €848 levels as it is a 50% retracement of the past three months decline ( €952-730)
“United Spirits stock price is looking lucrative as of this writing as it bases higher after a secondary correction near the breakout area of the 7-year contraction triangle €800, indicating a polarity change. This offers a new entry opportunity with a favorable risk premium,” says a research note.
“United Spirits stock price is looking lucrative as of this writing as it bases higher after a secondary correction near the breakout area of the 7-year contraction triangle €800, indicating a polarity change. This offers a new entry opportunity with a favorable risk premium,” says a research note.
The stock has staged a determined breakout of the three-month falling channel and held well above the last two-week high, supported by rising volumes, suggesting the completion of a corrective bias, the broker said.
The stock has staged a determined breakout of the three-month falling channel and held well above the last two-week high, supported by rising volumes, suggesting the completion of a corrective bias, the broker said.
The key point to note, according to the brokerage firm, is that the consolidation seen over the past eight months appears to be forming a double bottom, raising the prospect of a bullish reversal.
The key point to note, according to the brokerage firm, is that the consolidation seen over the past eight months appears to be forming a double bottom, raising the prospect of a bullish reversal.
Buy Thermax: 2210-2248 | target price €2,490 | stop the loss €2,080
Buy Thermax: 2210-2248 | target price €2,490 | stop the loss €2,080
The capital goods sector stands out amidst the current volatility as it outperforms the benchmark and underscores the strength and positive outlook for the sector. Thermax, which has been bottoming out near its key support for the past few weeks, is now breaking out of a bottom and providing a new entry point.
The capital goods sector stands out amidst the current volatility as it outperforms the benchmark and underscores the strength and positive outlook for the sector. Thermax, which has been bottoming out near its key support for the past few weeks, is now breaking out of a bottom and providing a new entry point.
The broker expects the stock price to go towards €2500 as this is an impact of the last three months (1850-2180) consolidation breakout projected from the breakout level.
The broker expects the stock price to go towards €2500 as this is an impact of the last three months (1850-2180) consolidation breakout projected from the breakout level.
“The stock price bottomed near its 52-week long-term rising EMA (currently at €2037) which has been held since CY20 and then experienced decent higher basic education in €1850-2180 volume for a period of three months. In the current week, the price has broken out of this consolidation despite market-wide volatility. This is an indication of the resumption of the uptrend,” it said.
“The stock price bottomed near its 52-week long-term rising EMA (currently at €2037) which has been held since CY20 and then experienced decent higher basic education in €1850-2180 volume for a period of three months. In the current week, the price has broken out of this consolidation despite market-wide volatility. This is an indication of the resumption of the uptrend,” it said.
Hindustan Aeronautics: Buy 2,785-2,835 | target price €3,240 | stop the loss €2,580
Hindustan Aeronautics: Buy 2,785-2,835 | target price €3,240 | stop the loss €2,580
The brokerage firm has initiated a ‘buy’ deal on Hindustan Aeronautics with a buy range in between €2,785-2,835 and a target price of €3,240. This equates to a 14 percent upside potential and the given timeframe is three months. The stop loss can be held €2,580.
The brokerage firm has initiated a ‘buy’ deal on Hindustan Aeronautics with a buy range in between €2,785-2,835 and a target price of €3,240. This equates to a 14 percent upside potential and the given timeframe is three months. The stop loss can be held €2,580.
The stock is expected to accelerate upward momentum and move towards the price €3,240 as this is the implied target of last three months consolidation (2800-2300).
The stock is expected to accelerate upward momentum and move towards the price €3,240 as this is the implied target of last three months consolidation (2800-2300).
IDFC First Bank: Buy 56.20 | target price €64 | stop the loss €51
IDFC First Bank: Buy 56.20 | target price €64 | stop the loss €51
In private banking, brokerage house ICICI Direct is bullish on IDFC First Bank, which is expected to outperform in the coming months.
In private banking, brokerage house ICICI Direct is bullish on IDFC First Bank, which is expected to outperform in the coming months.
Bharat Electronics: Buy 93-97 | target price €108 | stop the loss €87
Bharat Electronics: Buy 93-97 | target price €108 | stop the loss €87
The broker has given a “buy” action on BEL with a buy range in between €93-97 and a price target of €109. This represents an 11 percent upside potential and the timeframe given is 3 months. The stop loss can be held €87
The broker has given a “buy” action on BEL with a buy range in between €93-97 and a price target of €109. This represents an 11 percent upside potential and the timeframe given is 3 months. The stop loss can be held €87
He expects the stock to resume its uptrend and head towards price in the coming weeks €110, which is an 80% retracement of the entire decline from September 2022 to January 2023 (114-87).
He expects the stock to resume its uptrend and head towards price in the coming weeks €110, which is an 80% retracement of the entire decline from September 2022 to January 2023 (114-87).
The views and recommendations made above are those of individual analysts or brokerage firms and not Mint.
The views and recommendations made above are those of individual analysts or brokerage firms and not Mint.
