Top Gladiator Stock Picks By ICICI-Sec For Good Returns In 3 Months




oi-Vipul Das


The brokerage firm ICICI Securities has picked up gladiator stocks with Bank of Baroda (BoB) as a new recommendation for a target price (TP) of Rs 138.00 in 3 months and a stop-loss (SL) of Rs 109.00. Apart from BoB the brokerage firm also have open recommendations with buy call ratings for Greaves Cotton (TP: Rs 228.00, SL: Rs 182.00), Phoenix Mills (TP: Rs 1,208.00, SL: Rs 998.00), Gujarat Pipavav Port (TP: Rs 105.00, SL: 82.00), Adani Ports (TP: Rs 915.00, SL: Rs 755.00), Info Edge (TP: Rs 5,380.00, SL: Rs 4,315.00) and Tech Mahindra (TP: 1,690.00, SL: Rs 1,328.00).

In basic terms, financial professionals or brokerage companies propose Gladiator stocks for a period of 3 to 6 months, and investors are recommended to buy these stock(s) at the given price recommendation to achieve the targeted price goal and stop-loss range.

By having BoB as its top stock pick ICICI Securities has said “The PSU Bank index relatively outperformed the Bank Nifty during recent corrective phase within which Bank of Baroda has been resilient. The stock has logged a resolute breakout from seven years falling channel, indicating conclusion of multi year corrective phase. Hence, it offers a fresh entry opportunity to ride the structural up trend, going ahead.”

According to the brokerage “Key point to highlight is the stock is sustaining well above the regression support line of Rs 110, highlighting rejuvenation of upward momentum. Over the past eight years on multiple occasions the stock reacted from regression support line. On the volume front, the up move off May 2020 low is backed by ~3x volume of average volume, highlighting larger participation in the direction of the trend that bodes well for durability of the trend.”

“We expect the stock to accelerate upward momentum and gradually head towards Rs 138 around 80% retracement of the recent decline of March 2018 to May 2020 (Rs 158-36),” ICICI Securities has claimed for the shares of BoB.

The brokerage has also highlighted for BoB that “Recent quarter performance was healthy on asset quality front with advances growth was driven by corporate and agri loans. Moderation in slippages and gradual resolution of NPA to further improve the asset quality. Subsequently, credit cost is also expected to improve. We believe improving business outlook along with containment of slippages should help the overall performance to improve. We expect RoA of 0.9% and RoE of 11.8% by FY24E while earnings are projected to grow at CAGR of ~110% over FY21-24E.”

Top New & Open Gladiator Stock Picks By ICICI-Sec

New recommendations
Date Companies Buying Range In Rs Target Price In Rs Stoploss in Rs Upside in % Duration Current Market Price
13-Apr-22 Bank of Baroda 117-122 138 109 15 3 Months 119
Date Companies Buying Range In Rs Target Price In Rs Stoploss in Rs Upside in % Duration Current Market Price
13-Apr-22 Bank of Baroda 117-122 138 109 15 3 Months 119
Open recommendations
Date Companies Avg Recommendation Price Target Price In Rs Stoploss in Rs Return till date (% ) Duration Current Market Price
07-Apr-22 Greaves Cotton 198 228 182 -2% 3 Months 194
07-Apr-22 Phoenix Mills 1,067.00 1,208.00 998 1% 3 Months 1,074.00
05-Apr-22 Gujarat Pipavav Port 91 105 82 0% 3 Months 91
04-Apr-22 Adani Ports 816 915 755 3% 3 Months 840
22-Mar-22 Info Edge 4,703.00 5,380.00 4,315.00 1% 3 Months 4,764.00
14-Mar-22 Tech Mahindra 1,493.00 1,690.00 1,328.00 -5% 3 Months 1,420.00
Source: ICICI Direct Research. Data as of April 13, 2022


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