Prefer largecaps? These 10 bluechip stock picks by SBI Securities can rise up to 20%

ICICI Bank: The brokerage has a 12-month target price of ₹814 for the private sector lender, indicating an upside of 18 percent from its current market price (CMP) of ₹697, as on March 15, on BSE. The stock has fallen nearly 20 percent from its 52-week high of ₹859.70, hit on October 25, 2021. It lost 6 percent in Feb and another 5 percent in March till date. However, it is up 15 percent in the last 1 year.

Maruti Suzuki: As per the brokerage, the auto major can be seen rising 12.5 percent in the next 1 year to ₹8,345 from its CMP of ₹7,469 as on March 15. The stock has tumbled 18 percent from its 52-week high of ₹9,022, hit on February 10, 2022. The stock fell 3 percent in Feb but has tanked over 10 percent in March till now. In the last 1 year, it has risen around 5 percent.

Bharti Airtel: The brokerage expects around a 15.5 percent rise in this stock and has a 12-month target price of ₹813. Its CMP is ₹703 per share on BSE as of March 15, 2022. The scrip has lost around 11 percent from its 52-week high of ₹781.90, hit on November 24, 2021. Despite the recent correction, it is up 37 percent in the last 1 year. It lost around 6 percent in Feb but has given positive returns in March till now.

Kotak Mahindra Bank: The brokerage has a target price of ₹2,054, implying that it has seen the private sector lender rising over 18 percent in 12 months. The banking stock has shed 23 percent from its 52-week high of ₹2,252.45, hit on October 27, 2021. The scrip has tumbled 4 percent in March till now but was flat in February even as most stocks corrected amid weak global trends. In the last 1 year, the stock has lost 10 percent.

Infosys: The brokerage has given a target price of ₹2,150 to the IT major, indicating an upside of 17 percent from its CMP of ₹1,839 on March 15, 2022. Despite the massive sell-off recently, the stock has lost only 6 percent from its 52-week high of ₹1,953.70, hit on January 17, 2022. It lost only 1 percent in Feb shrugging off the Russia-Ukraine crisis and is up around 9 percent in March till now. In the last 1 year, it rose 34 percent.

Larsen & Toubro: The brokerage expects the stock to rise 15 percent in 12 months and has a target price of ₹2,005 for the infra major from it CMP of ₹1,743 as on March 15. It has lost 16 percent from its 52-week high of ₹2,078, hit on January 18, 2022. The stock shed 5 percent in Feb and another 3.5 percent in March till now, however, it has added 17 percent in the last 1 year despite weak trends.

Reliance Industries: The brokerage has a target price of ₹2,831 for the stock, implying an upside of 20 percent from its CMP of ₹2,363 on BSE, as on March 15. It has fallen 14 percent from its 52-week high of ₹2,750, hit on October 19, 2021. The stock only fell 1 percent in February even after weak global cues. In the last 1 year, it has risen 12 percent.

Titan Company: The brokerage has a 12-month target price of ₹2,868 for the stock, indicating an upside of 12 percent for the stock from the CMP of ₹2,555, as on March 15. It is down only 5 percent from its 52-week high of ₹2,687, hit on January 7, 2022 as gold prices soared amid the Russia-Ukraine crisis. It has is in the green both in February and March till date and has surged 71 percent in the last 1 year, highest among other largecaps in the list.

Housing Development Finance Corporation: The brokerage has a 12-month target price of ₹2,587 per share of the stock, implying an upside of 15.5 percent from its CMP of ₹2,239, as on March 15. It has fallen 35 percent from its 52-week high of ₹3,021, hit on November 15, 2021. It shed over 6 percent in Feb and is down another 3.5 percent in March till now. In the last 1 year, the stock has lost over 11 percent.

Siemens: the brokerage has a target price of ₹2,773 for the stock, implying an upside of 20 percent from its CMP of ₹2,315 as on March 15. It shed only 10 percent from its 52-week high of ₹2,577, hit on December 13, 2021. It has given flat-positive returns both in February and March till date and has added 24 percent in the last 1 year.