ICICI Securities recommends 10 stocks for Muhurat Trading
The brokerage maintains a constructive market view despite recent equity corrections, targeting specific growth in mid- and small-cap stocks.
ICICI Securities has identified 10 stocks for Muhurat Trading, including Adani Ports and SEZ, Kotak Mahindra Bank, and Zydus Lifesciences, according to a report by Mint. The brokerage remains positive on the market, suggesting that recent selloffs are due to external pressures rather than a decline in corporate earnings.
The firm anticipates the Nifty 50 will achieve significant double-digit growth over the next year. It noted that valuations have fallen below long-term averages while the domestic earnings cycle gains momentum.
Among the picks, ICICI Securities maintains a Buy rating on Kotak Mahindra Bank with a target price of ₹540. The brokerage expects the bank to see advances growth of 20–22 per cent, supported by recovering net interest margins.
Venus Pipes and Tubes has also been recommended with a target price of ₹2,340. The brokerage noted that a recent equity raise is expected to help the company become net debt-free in FY27E.
Zydus Lifesciences received a Buy rating with a target price of ₹1,480, as the brokerage expects new product launches to drive growth. Neogen Chemicals was also assigned a Buy rating with a target price of ₹2,765.
Other recommended stocks include Info Edge, Apollo Micro Systems, Indian Hotels, Saregama India, and Ethos. For Info Edge, the brokerage set a target price of ₹1,530, citing potential recovery in recruitment demand.