Now Reading: ICICI Securities raises targets on 10 stocks post Q1
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ICICI Securities raises targets on 10 stocks post Q1
ICICI Securities has raised target prices on 10 stocks following their June-quarter results. Based on the brokerage's cited market prices, IndiQube offers the highest potential upside at 42%, followed by VA Tech…
The Story in Brief
ICICI Securities has raised target prices on 10 stocks following their June-quarter results. Based on the brokerage's cited market prices, IndiQube offers the highest potential upside at 42%, followed by VA Tech Wabag at 28%. Other stocks include Solar Industries and Indigo Paints.
The Indian Opinion
Brokerage target hikes are routine after earnings, but the wide gap between market price and target, 42% for IndiQube, 28% for VA Tech Wabag, raises the question of how realistic these assumptions are. Investors should watch the actual earnings growth in the next quarter; a miss will trim those targets as fast as they were raised.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
