ICICI Securities has identified four fundamentally strong stocks with significant upside potential, offering investors opportunities for growth. These stocks are expected to deliver returns of up to 36 percent, making them attractive picks for the coming months.

Here are a few fundamentally strong stocks recommended by ICICI Securities with an upside potential of up to 36 percent:

Hindustan Aeronautics Limited

With a market capitalization of Rs. 273,090.93 crore, the shares of Hindustan Aeronautics Limited closed at Rs. 4,084.80 per equity share, up nearly 1.33 percent from its previous day’s closing price of Rs. 4,031.05. 

ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Hindustan Aeronautics Limited with a target price of Rs. 5,000 per share, indicating an upside potential of 22.98 percent. 

Hindustan Aeronautics Limited (HAL) was established in 1940 and is headquartered in Bengaluru, and is a government-owned aerospace and defense company. It designs, manufactures, and services aircraft, helicopters, engines, and avionics for military and civil markets, with global partnerships

Hindustan Aeronautics Limited’s revenue from operations has increased by 14.29 percent from Rs. 6,061 crore in Q3 FY24 to Rs. 6,957 crore in Q3 FY25. The company’s net profit has increased by 14.27 percent, from Rs. 1,254 crore in Q3 FY24 to Rs. 1,433 crore in Q3 FY25.

Bharti Airtel Limited

With a market capitalization of Rs. 9,91,596.11 crore, the shares of Bharti Airtel Limited closed at Rs. 1,739 per equity share, up nearly 1.36 percent from its previous day’s close price of Rs. 1,715.70. 

ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Bharti Airtel Limited with a target price of Rs. 1,925 per share, indicating an upside potential of 11.12 percent. 

Bharti Airtel Limited was established in 1995 by Sunil Mittal and is a leading Indian multinational telecommunications company headquartered in New Delhi. It operates in 17 countries across Asia and Africa and offers mobile, broadband, digital TV, and enterprise solutions, including 5G services.

Bharti Airtel Limited’s revenue from operations has increased by 19.07 percent from Rs. 37,900 crore in Q3 FY24 to Rs. 45,129 crore in Q3 FY25. The company’s net profit has increased by 461.02 percent, from Rs. 2,876 crore in Q3 FY24 to Rs. 16,135 crore in Q3 FY25.

Vishal Mega Mart Limited 

With a market capitalization of Rs. 47,813.25 crore, the shares of Vishal Mega Mart Limited closed at Rs. 104 per equity share, up nearly 1.02 percent from its previous day’s close price of Rs. 102.95. 

ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Vishal Mega Mart Limited with a target price of Rs. 140 per share, indicating an upside potential of 35.99 percent. 

Vishal Mega Mart Limited was established in 2018 and is a leading Indian retail chain offering apparel, FMCG, and general merchandise. With over 645 stores, it emphasizes affordable pricing and quality products, catering to diverse customer needs nationwide

Vishal Mega Mart Limited’s revenue from operations has increased by 19.51 percent from Rs. 2,624 crore in Q3 FY24 to Rs. 3,136 crore in Q3 FY25. The company’s net profit has increased by 28.29 percent, from Rs. 205 crore in Q3 FY24 to Rs. 263 crore in Q3 FY25.

Godrej Properties Limited 

With a market capitalization of Rs. 60,249.02 crore, the shares of Godrej Properties Limited closed at Rs. 2,000.40 per equity share, down nearly 0.01 percent from its previous day’s close price of Rs. 1,973.80. 

ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Godrej Properties Limited with a target price of Rs. 2,515 per share, indicating an upside potential of 27.42 percent. 

Godrej Properties Limited was established in 1990 and is a leading Indian real estate developer headquartered in Mumbai. A subsidiary of Godrej Industries, it specializes in residential, commercial, and township projects, emphasizing innovation, sustainability, and cutting-edge design.

Godrej Properties Limited’s revenue from operations has increased by 19.51 percent from Rs. 2,624 crore in Q3 FY24 to Rs. 3,136 crore in Q3 FY25. The company’s net profit has increased by 28.29 percent, from Rs. 205 crore in Q3 FY24 to Rs. 263 crore in Q3 FY25.

Written By – Nikhil Naik

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