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

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

Updated: 16 Mar 2022, 02:16 PM IST
TL;DR.

Amid this volatile market environment, SBI Securities has selected 10 largecap stock picks that may rise up to 20% in 12 months. Of late, markets have witnessed some massive selloff and some recovery. Nifty is down around 10% from its all-time high mark. The brokerage is bullish on selective large caps from BFSI, automobile, IT, telecom, consumer discretionary and capital goods stocks. However, it added that elevated crude oil prices and further escalation in geopolitical tension are the key risks. Let's take a look at its top picks.

ICICI Bank: The brokerage has a 12-month target price of  <span class='webrupee'>₹</span>814 for the private sector lender, indicating an upside of 18 percent from its current market price (CMP) of  <span class='webrupee'>₹</span>697, as on March 15, on BSE. The stock has fallen nearly 20 percent from its 52-week high of  <span class='webrupee'>₹</span>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.

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  <span class='webrupee'>₹</span>8,345 from its CMP of  <span class='webrupee'>₹</span>7,469 as on March 15. The stock has tumbled 18 percent from its 52-week high of  <span class='webrupee'>₹</span>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.

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  <span class='webrupee'>₹</span>813. Its CMP is  <span class='webrupee'>₹</span>703 per share on BSE as of March 15, 2022. The scrip has lost around 11 percent from its 52-week high of  <span class='webrupee'>₹</span>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.

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  <span class='webrupee'>₹</span>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  <span class='webrupee'>₹</span>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.

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  <span class='webrupee'>₹</span>2,150 to the IT major, indicating an upside of 17 percent from its CMP of  <span class='webrupee'>₹</span>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  <span class='webrupee'>₹</span>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.

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 &amp; Toubro: The brokerage expects the stock to rise 15 percent in 12 months and has a target price of  <span class='webrupee'>₹</span>2,005 for the infra major from it CMP of  <span class='webrupee'>₹</span>1,743 as on March 15. It has lost 16 percent from its 52-week high of  <span class='webrupee'>₹</span>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.

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  <span class='webrupee'>₹</span>2,831 for the stock, implying an upside of 20 percent from its CMP of  <span class='webrupee'>₹</span>2,363 on BSE, as on March 15. It has fallen 14 percent from its 52-week high of  <span class='webrupee'>₹</span>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.

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  <span class='webrupee'>₹</span>2,868 for the stock, indicating an upside of 12 percent for the stock from the CMP of  <span class='webrupee'>₹</span>2,555, as on March 15. It is down only 5 percent from its 52-week high of  <span class='webrupee'>₹</span>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.

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  <span class='webrupee'>₹</span>2,587 per share of the stock, implying an upside of 15.5 percent from its CMP of  <span class='webrupee'>₹</span>2,239, as on March 15. It has fallen 35 percent from its 52-week high of  <span class='webrupee'>₹</span>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.

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  <span class='webrupee'>₹</span>2,773 for the stock, implying an upside of 20 percent from its CMP of  <span class='webrupee'>₹</span>2,315 as on March 15. It shed only 10 percent from its 52-week high of  <span class='webrupee'>₹</span>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.

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.

First Published: 16 Mar 2022, 02:16 PM IST