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The Latest Breaking News from ICICI Securities

ICICI Securities initiates coverage on 7 PSU banks with positive valuations

ICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for these institutions leading up to fiscal year twenty twenty-eight. Loan growth should remain vigorous, estimated at fourteen to fifteen percent each year. While asset quality is likely…

The Economic Times

Zinc India to remain at the driver seat for Vedanta, says ICICI Securities but cuts target price to Rs 345

ICICI Securities cut Vedanta’s target price to Rs 345 from Rs 369, while retaining a positive view on zinc and silver prices. Zinc India remains the key growth driver, contributing 95% of Vedanta’s EBITDA.

The Economic Times

Vedanta Aluminium shares in a sweet spot, says ICICI Securities; initiates coverage with Buy rating

ICICI Securities has initiated coverage on Vedanta Aluminium Metal (VAML) with a 'Buy' rating and a target price of Rs 520, implying over 19% upside. The brokerage expects strong earnings growth, driven by favourable aluminium prices, higher volumes, backward integration and lower costs. It also sees robust cash generation, debt…

The Economic Times

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BHEL share price: Brokerages see up to 23% upside after Maharatna PSU posts first Q1 profit in 8 years

BHEL shares recently hit a 52-week high, but brokerages see more upside after the Maharatna PSU posted its first June-quarter profit in eight years. Strong execution, a robust Rs 2.6 lakh crore order book and improving margins have prompted ICICI Securities and JM Financial to reiterate their bullish outlook on…

The Economic Times

Just Dial shares rocket 36% in two days! Why Citi, Kotak, others think Reliance-backed stock can rally up to 62%?

Just Dial shares have surged 36% in two sessions after a strong Q1 FY27 earnings report, prompting brokerages to turn bullish. Kotak sees up to 62% upside, while Citi and ICICI Securities maintain positive views, citing revenue growth, healthy cash reserves and improving business fundamentals despite near-term investment risks.

The Economic Times

Kalyan Jewellers stock to double from here? Why analysts are bullish

Kalyan Jewellers reported strong first-quarter revenue growth despite market headwinds. The company's international business and digital platform also showed significant expansion. Analysts are bullish, with some predicting the stock could double in value. Technical indicators suggest a positive medium-term outlook for the stock. Investors will monitor future showroom launches and…

The Economic Times

Titan vs Kalyan Jewellers: What Q1 sales indicate about demand and which stock to buy

India’s gold jewellery sector faced multiple challenges in Q1FY27, including inflation concerns, higher interest rate expectations and the Adhik Maas period impacting wedding-related demand. Despite these pressures, Titan and Kalyan Jewellers reported strong business updates, supported by resilient jewellery demand, store expansion and growth across domestic and international markets.

The Economic Times

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Paint stocks tumble up to 48% from their peaks. Is the worst over?

Paint stocks have declined sharply from their 52-week highs, correcting between 10% and 48%, as investors turn cautious due to rising competition and margin pressures. However, analysts still see value in the sector at current levels.

The Economic Times

June auto sales data: Commercial vehicle turns consensus player; brokerages list stocks to buy

Indian automakers reported strong performance in June 2026, with healthy demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Brokerages including Motilal Oswal, Emkay and ICICI Securities highlighted broad-based growth, with several OEMs beating estimates. Maruti, M&M, TVS and Tata Motors stood out, while Hyundai underperformed in PVs. Analysts remain…

The Economic Times

Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal

Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to boost European presence and revenue, brokerages expressed caution over pricey valuations and execution risks.

The Economic Times

Banks, power finance and infrastructure to lead next leg of market rally: Pankaj Pandey

India's banking sector is poised for a rally, fueled by robust credit growth, easing deposit pressures, and stable asset quality, according to ICICI Securities' Pankaj Pandey. NBFCs also stand to gain from a softer interest rate environment. While IT acquisitions may take time for significant returns, power financiers and transmission…

The Economic Times

Missed Vedanta's buy 1 get 4 offer? Which spun-off stock to buy after listing today

Vedanta’s four demerged entities debuted on exchanges, with brokerages highlighting aluminium as the most attractive segment. Analysts cite strong pricing, capacity expansion and favourable industry dynamics. While large-cap entities may attract institutional flows, smaller businesses could see limited participation, shaping post-listing investment opportunities.

The Economic Times

Vedanta listing: Why its aluminium business is the undisputed crown jewel of the mega 4-way demerger

Four demerged entities of Anil Agarwal-led Vedanta Group are set to begin trading on Monday, with Vedanta Aluminium Metal Ltd (VAML) expected to emerge as the biggest winner. Analysts believe the pure-play aluminium business could see the strongest listing gains, backed by robust fundamentals and favourable industry dynamics.

The Economic Times

India Inc remains bullish on FY27; Telecom, defence, banking seen driving growth: Report

Indian businesses are optimistic about FY27. Telecom, defence, metals, and banking are set for growth. Companies expect demand to remain strong and are confident in managing rising costs. AI is boosting telecom infrastructure. Defence manufacturing continues its strong run. Power and capital goods sectors show a favorable outlook. Consumer spending…

The Economic Times

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The Economic Times

Can Honasa shares rally up to 57% after strong Q4 show? Jefferies, CLSA & two other brokerages weigh in

Honasa Consumer shares surged over 11% on Friday after a strong Q4 FY26 performance, with brokerages including Jefferies, CLSA, ICICI Securities and JM Financial turning more optimistic. Jefferies sees up to 57% upside, citing robust multi-channel growth, improving margins and stronger execution, while other brokerages also highlight rising traction across…

The Economic Times

BSE vs MCX: Which stock are you betting on? Jefferies, Morgan Stanley, others have their say

Amidst market volatility, Indian stock exchanges BSE and MCX have seen significant rallies, driven by increased trading activity. Both reported strong Q4 earnings. While Jefferies and ICICI Securities remain cautious on BSE, citing stagnant market share, brokerages like HDFC Securities and Morgan Stanley are more optimistic about MCX, highlighting its…

The Economic Times

Vi shares double investments in 1 year. Here’s what analysts from Macquarie, JPMorgan, other global brokerages say

Vodafone Idea shares have surged over 100% in a year. Analysts from Macquarie, JPMorgan, and other global brokerages offer mixed views. While some see potential catalysts like government support and promoter infusion, many highlight significant challenges. Key concerns include securing crucial bank funding for capex and regaining market share. Investors…

The Economic Times

Flipkart Pulls Ahead: How India's E-Commerce Giant is Winning Hearts and Carts

From weekly active users to GMV share, two new institutional reports reveal that Flipkart is extending its lead over competitors and building a multi-business moat that rivals struggle to replicate.

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The Economic Times

Rising oil prices, gold imports to widen trade deficit, CAD may touch 1.5-2% of GDP: ICICI Securities

With the West Asia conflict persisting and global oil prices likely to average around USD 100/bbl, India's current account deficit could rise meaningfully this year, ICICI Bank Global Markets warns. While resilient services exports should offer some cushion, the brokerage expects the current account deficit (CAD) to settle between 1.5-2…

The Times of India

India's Q1 GDP grows at fastest pace in a year: Key takeaways

NEW DELHI: India's gross domestic product for the period April-June 2022 came in at 13.5%, data released by Centre showed on Wednesday.

The Times of India

5G spectrum auction extends to 3rd day; receives bids worth Rs 1.49 lakh crore on day 2

NEW DELHI: India's auction of the 5G spectrum, capable of offering lag-free connectivity and ultra-high speed internet, has garnered Rs 1.49 lakh crore worth of bids so far as the sale stretched to the third day.

Dynamite News

5G spectrum auction enters Day 2: Jio may be lead bidder

The auction of 5G spectrum entered the second day on Wednesday with the opening of the fifth round. Read more on Dynamite News:

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