ICICI Securities has given ‘Buy’ rating in Kalyan Jewelers India, Power Grid in two stocks below Rs 200.
Kalyan Jewelers India, Power Grid BUY call by ICICI Securities: After the September quarter results, the valuation of some shares in the stock market has improved. There is an expectation of better returns in the future. Two such stocks are Kalyan Jewelers India and Power Grid. Brokerage houses are still seeing a rise in these stocks below Rs 200. ICICI Securities has given buy advice in both these stocks. The brokerage firm has given a target of Rs 100 while advising to buy in Kalyan Jewelers. At the same time, the target price has been kept at Rs 225 with ‘Buy’ rating on Power Grid. The brokerage house has expressed expectation of growth in the business outlook of both the companies.
Kalyan Jewelers India: Expected 26% Return
Brokerage house ICICI Securities has given a target of Rs 100 (Kalyan Jewelers BUY) for Kalyan Jewelers India. The share price of the company stood at Rs 79 on November 10. In this way, investors can get a return of 26 per cent in this stock from the current price. However, in one year the performance of this stock was not special and only about 6 per cent return has been received. The brokerage house has said in its report that by making hallmarking mandatory, equal opportunities will be created for the jewelery industry. This will support the business of the company.
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Power Grid: 23% return can be given
ICICI Securities has given a target of Rs 222 (Power Grid BUY) for Power Grid. The share price of the company stood at Rs 182 on November 10. In this way, investors can get a return of 23.62 per cent in this stock from the current price. Investors have got 28.26 percent return in this stock in one year. The brokerage house says that the September quarter has been stable for the company. There are many possibilities ahead. According to the National Monetization Plan, PGCIL can monetize transmission projects worth Rs 45,200 crore.
(Disclaimer: The investment advice here is given by the brokerage house. These are not the views of dgmartpro Business. Please consult your advisor before investing.)