Markets are currently navigating a phase of heightened volatility, with the Nifty and broader market indices witnessing a meaningful correction from their recent highs. The weakness is less a reflection of any fundamental deterioration in the domestic earnings cycle and more a consequence of a confluence of external pressures. Here are 10 stocks ICICI Direct is betting on this festive season.
Venus Pipes and Tubes has a buying range of Rs 1,660-1,800, against a current market price (CMP) of Rs 1,750. The stock has a target price of Rs 2,340, indicating a potential upside of 34%.
Kotak Mahindra Bank has a recommended buying range of Rs 445-465, compared with its CMP of Rs 460. The target price is Rs 540, implying a potential upside of 17%.
Zydus Lifesciences has a buying range of Rs 1,200-1,265, with the stock currently trading at Rs 1,240. Its target price of Rs 1,480 indicates a potential upside of 19%.
Info Edge has a buying range of Rs 1,140-1,205, against a CMP of Rs 1,192. The target price stands at Rs 1,530, suggesting a potential upside of 28%.