Current price is less than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Value growth in P&A stayed significantly ahead of volume growth.

United Spirits Q3 - Divestment, A Right Strategy; Now The Core Must Fire On All Cylinders: ICICI Securities

Natarajan currently heads the equity capital markets - including initial public offerings and block deals - for Nomura’s domestic rival ICICI Securities and has spent nearly 17 years with the firm, according to his LinkedIn profile. He worked with Morgan Stanley earlier.

Nomura hires top ICICI banker Mahesh Natarajan to head India equity capital markets biz

Natarajan is due to join the Japanese firm’s Indian unit in the coming months, the sources said, declining to be named as the hiring decision is not public

Nomura hires ICICI Securities’ Natarajan to head India ECM business: Report

Nomura hires top ICICI banker to head India ECM business: Sources

Brokerages including Anand Rathi, HDFC Securities, SMIFS, Monarch Networth and ICICI Securities have launched their maiden reported in select stocks and see up to 54 per cent rise in these counters. Here’s what is making these brokerages positive on them:

Nesco, Equitas SFB, Star Health, Fusion Mirco: 7 stocks see brokerage initiations this week

JSW Energy Q3 Results Review - Decline In Merchant Sales, Higher Fuel Cost Impact Profit: ICICI Securities

On Monday (January 23, 2023), the stock ended 1.37 per cent higher than the previous day’s close at Rs 2021.70 on BSE. The market cap of the firm rose to Rs 40,728.90 crore

Up 4,600% in 10 years! Why ICICI Securities sees further upside in multibagger Astral Ltd

The figures stood at Rs 380.21 crore in the same period a year ago. On the other hand, revenue from operations also retreated 6.67 per cent YoY to Rs 878.79 crore during the quarter under view.

ICICI Securities shares: Should you buy, sell or hold after Q3 results?

ICICI Securities, in its recent report, upgraded Nykaa’s rating from ‘Hold’ to ‘Add’. However, the brokerage firm has reduced the target price of the stock to Rs 145 from Rs 175 earlier.

Down 60% from 52-week high! ICICI Securities upgrades Nykaa stock to ‘Add’ from ‘Hold’; here’s why

Broker’s Call: Nykaa (Add)

RJio’s Q3 revenue was up inline with our estimates, while ARPU rose due to higher addition of fibre-to-the-home subscribers.

Reliance Jio Q3 Results Review - A Typical No-Tariff-Hike Quarter; SUC Saving Aids Ebitda: ICICI Securities

ICICI Securities offers a range of financial services including brokerage, financial product distribution and investment banking and focuses on both retail and institutional clients

ICICI Securities Ltd

ICICI Securities Ltd

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

United Spirits Q3 - Divestment, A Right Strategy; Now The Core Must Fire On All Cylinders: ICICI Securities

Nomura hires top ICICI banker Mahesh Natarajan to head India equity capital markets biz

Nomura hires ICICI Securities’ Natarajan to head India ECM business: Report

Nomura hires top ICICI banker to head India ECM business: Sources

Nesco, Equitas SFB, Star Health, Fusion Mirco: 7 stocks see brokerage initiations this week

JSW Energy Q3 Results Review - Decline In Merchant Sales, Higher Fuel Cost Impact Profit: ICICI Securities

Up 4,600% in 10 years! Why ICICI Securities sees further upside in multibagger Astral Ltd

ICICI Securities shares: Should you buy, sell or hold after Q3 results?

Down 60% from 52-week high! ICICI Securities upgrades Nykaa stock to ‘Add’ from ‘Hold’; here’s why

Broker’s Call: Nykaa (Add)

ICICI Securities Ltd

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

United Spirits Q3 - Divestment, A Right Strategy; Now The Core Must Fire On All Cylinders: ICICI Securities

Nomura hires top ICICI banker Mahesh Natarajan to head India equity capital markets biz

Nomura hires ICICI Securities’ Natarajan to head India ECM business: Report

Nomura hires top ICICI banker to head India ECM business: Sources

Nesco, Equitas SFB, Star Health, Fusion Mirco: 7 stocks see brokerage initiations this week

JSW Energy Q3 Results Review - Decline In Merchant Sales, Higher Fuel Cost Impact Profit: ICICI Securities

Up 4,600% in 10 years! Why ICICI Securities sees further upside in multibagger Astral Ltd

ICICI Securities shares: Should you buy, sell or hold after Q3 results?

Down 60% from 52-week high! ICICI Securities upgrades Nykaa stock to ‘Add’ from ‘Hold’; here’s why

Broker’s Call: Nykaa (Add)

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock