ICICI Securities recommends buying these 5 stocks for up to 53% returns
Tatva Chintan Pharma Chem Limited is a manufacturer of structure-directing agents, phase transfer catalysts, electrolyte salts, pharma & agro intermediates, and specialty chemicals.
Brokerage firm ICICI Securities recommended a buy on a few specialty chemicals-related stocks. In its report, the brokerage has listed five companies. These include Tatva Chintan, EPL, Chemplast Sanmar, PCBL, and Archean Chemical. Let's have a look at the target price of these stocks.
Tatva Chintan
Tatva Chintan Pharma Chem Limited is a manufacturer of structure-directing agents, phase transfer catalysts, electrolyte salts, pharma & agro intermediates, and specialty chemicals.
ICICI Securities suggested buying the stock at a target price of Rs 1,975 per equity share. The company's shares last closed at Rs 1,288.00 apiece on Wednesday, April 10. The stock has the potential to give 53 per cent returns in the future, it said.
EPL
ICICI Securities recommended to buy EPL Ltd shares at a target price of Rs 240 each. On April 10, the stock closed at Rs 187.95 apiece and has the potential to give 28 per cent returns.
Chemplast Sanmar
ICICI Securities suggested buying Chemplast Sanmar Ltd and has given the target price of Rs 550 each. This stock has the potential to give 12 per cent returns, as per the brokerage. Shares of Chemplast Sanmar last traded at Rs 489.95 per share on April 10.
PCBL
The target price of PCBL Ltd is Rs 325 each, as per ICICI Securities. The broker says this stock can give 17 per cent returns. PCBL shares last closed at Rs 279.45 each on April 10.
Archean Chemical
Brokerage firm ICICI Securities suggested buying Archean Chemical Industries Ltd at a target price of Rs 735 each. The company's stock last traded at Rs 654 each on April 10 and can give around 12 per cent returns in the future.
(The views/suggestions/advices expressed here in this article are solely by brokerage firm. Zee Business suggests its readers to consult their investment advisers before making any financial decision.)