Invest money in these 5 quality stocks and sleep peacefully, know the target price

Invest money in these 5 quality stocks and sleep peacefully, know the target price


new Delhi. At this time, due to the news of Russia invading Ukraine (Russia Ukraine Crisis), there is a lot of volatility in the market. Crude oil prices are touching the sky, gold is making new highs. In such a situation, people investing in the stock market are facing some trouble. But brokerage firm ICICI Securities has said that we should remain bullish on the market for the long term.

ICICI Securities has listed five such stocks amidst this ups and downs which can benefit investors in the near future. These are all quality stocks and their fundamentals are said to be very good.

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SBI: Target Price – Rs 545
The Public Sector Banking Index has seen a structural turn-around recently. SBI’s stock has outperformed in this sector for a long period. The brokerage firm feels that this stock can grow rapidly in the future as well. This stock is in an uptrend with a strong rally and the downside movement is very slow.

ICICI Securities expects the stock to touch the all-time high (Rs 549) level while continuing its positive momentum. Therefore it can be kept for the target of Rs 545.

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Mindtree : Target Price – Rs 4,148
The IT sector has given excellent returns in the last two years. After a long rally, IT stocks are currently stagnant and correction has also been seen in them. The brokerage house has given buy advice to Mindtree. He believes that this stock can give a target of Rs 4,148 in the coming time. The stock closed at Rs 3,881 on 28 February 2022.

Ambuja Cement : Target Price – Rs 348
Brokerage house ICICI Securities has said that the stock of Ambuja Cement was in a tremendous up-move since the last 6 quarters, but its price has come down slightly in the last two quarters. But for the time being, it has reached its multi-year breakout level and can become an opportunity for fresh entry from here. At present, this share is trading at Rs 314.

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Balkrishna Industries: Target Price – Rs 2,010
Balkrishna Industries is a major stakeholder in the auto ancillary space. In the last two months, a lot of profit booking has been seen in its stock. Before that there was a tremendous rally in the stock in 2021. The brokerage firm feels that the stock has now come out of overbought condition due to profit booking of about 2 months and is currently at an attractive level from where it can be bought.

The share of Balkrishna Industries is currently trading at the support level of Rs 1,700 to 1,800. The stock has fallen almost 32% from its all-time high. On February 28, it has given a closing of ₹ 1822. The brokerage feels that this stock can soon touch the level of Rs 2,010.

Indian Energy Exchange: Target Price – Rs 232
The stock of Indian Energy Exchange (IEX) is currently trading around ₹ 205, while it touched a high of ₹ 318 on 19 October 2021. ICICI Securities is seeing a rise in this stock from here, as the stock has retraced a lot in four months. The firm has given a target of Rs 232 for IEX.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. Tech for FTCP will not be responsible for any profit or loss caused by you .)

Tags: investment, Share market, stock return, Stock tips


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