{"id":1388,"date":"2022-09-02T16:41:36","date_gmt":"2022-09-02T11:11:36","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=1388"},"modified":"2022-09-02T16:41:37","modified_gmt":"2022-09-02T11:11:37","slug":"buy-maruti-icici-bank-sbi-stocks-to-pocket-up-to-25-gain-nifty-mar23-target-intact-at-18400","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/buy-maruti-icici-bank-sbi-stocks-to-pocket-up-to-25-gain-nifty-mar23-target-intact-at-18400\/","title":{"rendered":"Buy Maruti, ICICI Bank, SBI stocks to pocket up to 25% gain; Nifty Mar\u201923 target intact at 18400"},"content":{"rendered":"\n<p>The Indian stock market\u2019s performance in August showed resilience with NSE Nifty 50 recovering by 16 per cent from the bottom touched on on 17th June. In broader markets, both mid and small cap indices, too, recovered by 22% and 18% for the same period, respectively. Axis Securities in its report noted that the recovery was led by positive FII flows and a robust earning season. The Research and brokerage firm has maintained Nifty\u2019s March 23 target at 18,400 intact. Analysts have suggested to buy 7 large cap stocks \u2014 ICICI Bank, SBI, Maruti Suzuki, Coal India, among others to pocket up to 25 per cent gains in 18 months.<\/p>\n\n\n\n<p>Axis Securities continues to maintain a positive long-term outlook on the market, supported by a favourable structure emerging with increasing Capex enabling banks to improve credit growth. \u201cWe foresee FY23\/24 NIFTY EPS at 820\/929. After Q1FY23, we marginally change our FY23\/24 expectations by -0.7%\/1% and stand conservative at 4%\/7% below street expectations. We maintain our Nifty Mar\u201923 target of 18,400 by valuing it at 20X on FY24 earnings vs. 22X earlier,\u201d it added. Axis Securities recommends investors use such dips in a phased manner to build a position in quality companies with an investment horizon of 12-18 months.<\/p>\n\n\n\n<p><strong>Large cap stocks to buy<\/strong><\/p>\n\n\n\n<p><strong>ICICI Bank&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>Target: Rs 1,000 | Upside: 13%<\/strong><\/p>\n\n\n\n<p>Analysts say that ICICI Bank has been outperforming its peers and has been firing on all cylinders. ICICI Bank has ticked most boxes on growth, margins, and asset quality. Higher loan growth, improving operating profits, and a strong provision buffer coupled with a strong deposit franchise will help the bank achieve ROAE\/ROAA expansion over FY23-25E. On the valuation front, it believes the bank continues to be on a comfortable footing.\u00a0<\/p>\n\n\n\n<p>Coal India<\/p>\n\n\n\n<p>Target: Rs 262 | Upside: 12%<\/p>\n\n\n\n<p>Analysts said that higher international coal prices and volume growth and CIL\u2019s focus on closing the non-profitable manpower intensive high cost underground coal mines and expanding the large open cast mines will drive the profitability.<\/p>\n\n\n\n<p>Tech Mahindra<\/p>\n\n\n\n<p>Target: Rs 1,200 | Upside: 12%<\/p>\n\n\n\n<p>Analysts believe Tech Mahindra has a superior services mix and multiple long-term contracts that are well-spread across the verticals, reducing its dependency on any one vertical. Furthermore, it foresees healthy tractions in Communications and Enterprise verticals which will greatly accelerate the company\u2019s revenue growth moving forward.<\/p>\n\n\n\n<p><strong>Maruti Suzuki India<\/strong><\/p>\n\n\n\n<p><strong>Target: Rs 10,270 | Upside: 13%<\/strong><\/p>\n\n\n\n<p>Analysts say that Maruti Suzuki has a stronghold in the entry-Level segment and with recent launches in the compact (All-New Brezza) &amp; mid SUV (Grand Vitara) segment it seems to be moving towards regaining lost market share by FY25E. It expects a rise in demand from new launches along with upgradation of existing product portfolio, softening commodity inflation and improving ECU shortages to support recovery in the margins. The company would gain further market share, driven by an expected shift towards petrol, CNG and hybrid vehicles.<\/p>\n\n\n\n<p>State Bank of India<\/p>\n\n\n\n<p>Target: Rs 665 | Upside: 25%<\/p>\n\n\n\n<p>Amongst the PSU banks, SBI remains the best play on the gradual recovery of the Indian economy on account of its healthy PCR, robust capitalization, strong liability franchise, and an improved asset quality outlook. Analysts believe normalization in credit costs and improved growth outlook should lead to double-digit ROEs.<\/p>\n\n\n\n<h3 class=\"has-dark-red-color has-text-color wp-block-heading\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/h3>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\">info@eqwires.com<\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/twitter.com\/EqwiresRA\">Twitter<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-medium-brown-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian stock market\u2019s performance in August showed resilience with NSE Nifty 50 recovering by 16 per cent from the bottom touched on on 17th June. In broader markets, both mid and small cap indices, too, recovered by 22% and 18% for the same period, respectively. Axis Securities in its report noted that the recovery was led by positive FII flows and a robust earning season. The Research and brokerage firm has maintained Nifty\u2019s March &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/buy-maruti-icici-bank-sbi-stocks-to-pocket-up-to-25-gain-nifty-mar23-target-intact-at-18400\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Buy Maruti, ICICI Bank, SBI stocks to pocket up to 25% gain; Nifty Mar\u201923 target intact at 18400&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,75,210,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-1388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-tra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