As the economy is getting better and some sectors are performing well, investors are looking for stocks that can grow strongly. ICICI Securities has picked two stocks that could rise up to 30 percent in value. These stocks have strong financials, good analyst support, and steady performance, making them good choices for a balanced and diversified investment portfolio.
Here are a few stocks recommended by ICICI Securities with a high growth potential of up to 30 percent:
Bajaj Auto Limited
With a market capitalization of Rs. 2,48,582.56 crore, the shares of Bajaj Auto Limited were currently trading at Rs. 8,901.55 per equity share, rising nearly 1.49 percent from its previous day’s close price of Rs. 8,770.80.
ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Bajaj Auto Limited with a target price of Rs. 11,250 per share, indicating an upside potential of 28.27 percent from its previous day’s close price of Rs. 8,770.80.
Bajaj Auto Limited was established in 1945 and is a leading Indian manufacturer of motorcycles, scooters, and three-wheelers. The company is known for iconic products like Bajaj Chetak and Pulsar and operates globally, exporting to over 70 countries.
Coming into financial highlights, Bajaj Auto Limited’s revenue has increased from Rs. 13,247 crore in Q2 FY25 to Rs. 15,735 crore in Q2 FY26, which has grown by 18.78 percent. The net profit has also grown by 53.21 percent from Rs. 1,385 crore in Q2 FY25 to Rs. 2,122 crore in Q2 FY26.
Happy Forgings Limited
With a market capitalization of Rs. 9,466.73 crore, the shares of Happy Forgings Limited were currently trading at Rs. 1,003.85 per equity share, down nearly 2.06 percent from its previous day’s close price of Rs. 1,024.95.
ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Happy Forgings Limited with a target price of Rs. 1,300 per share, indicating an upside potential of 29.50 percent.
Happy Forgings Limited was founded in 1965 and is engaged in manufacturing precision forged components primarily for the automotive and industrial sectors. The company specializes in producing high-quality forged parts used by automobile manufacturers and exports globally.
Coming into financial highlights, Happy Forgings Limited’s revenue has increased from Rs. 361 crore in Q2 FY25 to Rs. 377 crore in Q2 FY26, which has grown by 4.43 percent. The net profit has also grown by 2.82 percent from Rs. 71 crore in Q2 FY25 to Rs. 73 crore in Q2 FY26.
Written By – Nikhil Naik
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