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Almost 12 stocks to give 12-44% returns post Q3 earnings – ICICI Direct

The Indian market has maintained an upward movement for the sixth consecutive day straight on February 9.

Benchmark indices rose more than 1 percent each and the market witnessed great enthusiasm within the pre-opening session.

More than 218 companies are scheduled to release their Q3 earnings today. Also, many companies held major gains within the early trading session on February 9.

Moreover, there are almost 12 stocks to give 12-44% returns post Q3 as per the ICIC Direct analysis.

The first stock in the list is Sumitomo Chemicals which is currently available for buying at an LTP of Rs 305.30 for a target of Rs 360.

This scrip is available at an upside of 18% and an increase is expected towards CRAMS, PGR, AND & EHD. It will group the operational performance of the scrip.

The next share to buy is Brigade Enterprises available at an upside of 12 percent. The stock is likely to boost up with full economic recovery.

Also, there is PNC Infratech which has been trending since the morning. Traders can invest in this scrip at an LTP of Rs 268.10 for a target of Rs 300.

It is generally the most preferred stock by the experts as it has a very strong order book & lean balance sheet. Also, the company stocks give a healthy return ratio.

However, there are also other stocks from pharma and auto sectors. Cadila Healthcare, Narayana Hrudayalaya, Divi’s Laboratories and Hero MotoCorp are among those stocks which are available at an upside of 17% to 14% respectively.

Moreover, Dalmia Bharat Sugar and Dhampur Sugar are the stocks with highest upside of 44% and 23% respectively.


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