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The Economic Times

Quantum Mutual Fund files appeal in NCLAT against delisting of ICICI Securities

The National Company Law Tribunal (NCLT) in an oral order on August 21 approved the Scheme of Arrangement for delisting of shares of ICICI Securities.

The Economic Times

Expect rate moderation, not a severe rate cut cycle, denoting problems with growth & capex: Vinod Karki

Vinod Karki from ICICI Securities addresses growth concerns in IT and agri-rural sectors, uneven rainfall distribution, and high valuations. He notes the telecom sector's recovery with rising tariffs. Potential shifts in cyclicals are highlighted alongside private capex trends and interest rate impacts on corporate investments. Financials, energy, and utilities show moderate valuations.

Mint

ICICI Securities sees 42% upside in Delhivery, recommends ‘buy’—key reasons why

Domestic brokerage firm ICICI Securities has maintained its 'buy' rating with a target price of ₹600 apiece, indicating a potential upside of 42% from the latest closing price.

The Economic Times

Buy Jindal Steel & Power, target price Rs 1240: ICICI Securities

Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024.

The Economic Times

F&O Radar | Deploy Long Iron Condor in Nifty to benefit from a range bound market

Ahead of the Fed policy outcome, the Nifty showed significant volatility, fluctuating between 25,200 and 25,500 levels. Jay Thakkar from ICICI Securities noted that the implied volatilities rose, suggesting potential market movement. A Long Iron Condor strategy is recommended to benefit from price stability within this range.

Business Standard

Stocks To Watch: ICICI Securities, Nazara, NTPC, AB Capital, Tata Power

NTPC has filed for an IPO of its green energy arm, NTPC Green Energy Ltd, with an aim to raise approximately $1.2 billion (Rs 10,000 crore).

Business Standard

Quantum Mutual Fund moves NCLAT against delisting of ICICI Securities

ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold, as per the approved scheme

The Economic Times

Buy Delhivery, target price Rs 600: ICICI Securities

Delhivery Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 31410.53 Crore) operating in Logistics sector.

Business Line

Broker’s Call: Awfis Space Solutions (Buy)

ICICI Securities

Mint

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Infosys, and IndusInd Bank tomorrow

Top Stock Recommendations: Dharmesh Shah of ICICI Securities recommends two stocks to buy this week: Infosys and IndusInd Bank.

The Economic Times

ICICI Security shareholder moves NCLAT against order on delisting

A shareholder has approached the NCLAT challenging the NCLT's approval of ICICI Securities' delisting application. The appeal cites misapplication of regulations, fraudulent voting, and non-transparency concerns. Quantum Mutual Fund and minority shareholders argue that the share swap negatively impacts them. An investor has also moved the Bombay High Court against SEBI's decision.

Business Line

Broker’s call: Tata Consumer (Buy)

ICICI Securities

The Economic Times

Add JK Cement, target price Rs 4818: ICICI Securities

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024.

The Economic Times

Add ACC, target price Rs 2933: ICICI Securities

ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 45896.15 Crore) operating in Cement sector.

The Economic Times

Buy Star Cement, target price Rs 257: ICICI Securities

Star Cement Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Others and Scrap for the year ending 31-Mar-2023.

The Economic Times

Buy Ambuja Cements, target price Rs 801: ICICI Securities

Ambuja Cements Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue and Scrap for the year ending 31-Dec-2021.

The Economic Times

Buy Tata Consumer Products, target price Rs 1385: ICICI Securities

Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 119163.76 Crore) operating in FMCG sector.

The Economic Times

Top 9 large cap picks with upside potential of 31% from Axis Securities

Axis Securities has identified nine large-cap stocks with significant upside potential despite recent market volatility. Key picks include ICICI Bank, Nestle India, and State Bank of India, among others. These stocks are projected to offer returns ranging from 10% to over 31%, making them attractive options for investors in the current market scenario.

Mint

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Kajaria Ceramics, and Natco Pharma tomorrow

Top Stock Recommendations: Dharmesh Shah of ICICI Securities has recommended two stocks to buy this week - Kajaria Ceramics, and Natco Pharma.

The Economic Times

Suzlon’s One Earth property sale may strengthen core, ICICI Securities increases target price to Rs 80

ICICI Securities raised Suzlon Energy’s target price to Rs 80, citing the sale of its Pune property for Rs 440 crore as a boost. The capital will enhance Suzlon's core wind energy operations, aligning with its non-core asset strategy and debt restructuring plans.

Mint

Chart beat: What higher gold prices mean for Titan

A higher gold price leads to higher realisation for Titan’s flagship brand Tanishq, owing to the benefit of linking making charges to the gold price, ICICI Securities said.

Mint

Stock melt-up lowers forward equity return prospects: ICICI Securities analysis

ICICI Securities warns that the recent stock market rally may hinder future equity returns due to global risks and slowing government spending in India. They suggest top stock picks and emphasise strong domestic demand indicators while noting inflationary pressures and market vulnerabilities.

Business Line

Broker’s call: Tata Tech (Buy)

ICICI Securities

Mint

Garden Reach Shipbuilders share price: ICICI Securities predicts 72% downside after 122% rally in past year

ICICI Securities maintains a 'sell' recommendation on Garden Reach Shipbuilders despite a 122% surge. It cites anticipated delays in order execution from Bangladesh and competitive pressures on margins.

CNBC TV18

Gujarat Gas earnings per share will jump nearly 77% thanks to the merger

Probal Sen, Energy Analyst at ICICI Securities believes this restructuring could present a substantial upside to Gujarat Gas's share price, with a target price at ₹755.

Mint

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Infosys, and Deepak Nitrite today

Top Stock Recommendations: Dharmesh Shah of ICICI Securities has recommended two stocks to buy this week - Infosys, and Deepak Nitrite.

Hindustan Times

Why Sebi is facing criticism over ICICI Securities, ICICI Bank merger

SEBI faces criticism over ICICI Bank's acquisition of ICICI Securities. Shareholders allege unfair terms and seek clarity on regulatory exemptions.

Business Standard

Why Sebi is facing criticism over ICICI Securities, ICICI Bank merger

Facing an unprecedented attack on its credibility, the last thing that the SEBI would want is to give the impression that while all M&A is equal, some transactions are more equal than others

The Economic Times

FOMO overriding fundamentals? What makes India’s top shipbuilder sail despite downside calls

Recently, ICICI Securities gave a 77% downside call on Mazagon Dock Shipbuilders citing expensive valuation. Nirmal Bang also downgraded defence stocks in a report last month because of their super-rich valuations. Still, why do investors believe that there are immense growth opportunities for companies in the defence sector?

CNBC TV18

CDSL shares get a downgrade from ICICI Securities as upcycle multiples may not sustain

Shares of CDSL have risen 25% so far in the last one month.

Mint

ICICI Securities cuts CDSL rating to 'reduce' over high valuations, sees 14% downside

Currently, CDSL is trading at 59 times its 1-year forward core EPS and 53 times its 1-year forward EPS on FY26 estimates, nearly double the historical averages.

Business Standard

NCLT approves delisting of ICICI Securities; firm's shares sees major drop

ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold as per the approved scheme

Business Standard

ICICI Securities pays Rs 69.82 lakh to Sebi, set to delist from markets

ICICI Securities resolves Sebi case with Rs 69.82 lakh settlement, concurrently gains NCLT approval for delisting despite some objections from minority shareholders

Business Line

Broker’s call: HAL (Add)

ICICI Securities

Mint

Independence Day 2024: Top 5 defence stock picks as PM Modi stresses on domestic manufacturing, boosting exports

Independence Day 2024: In its list of defence stock picks, ICICI Securities has a ‘Buy’ rating on Astra Microwave, Azad Engineering, Dynamatic Technologies, Solar Industries and Zen Technology.

The Economic Times

Administrative costs of Jio, Airtel rise in Q1, Vodafone Idea's dip

As per company data and ICICI Securities estimates, Jio and Airtel's SG&A costs have risen 4.2% and 3.2% on-quarter to ₹1,455 crore and ₹2,805.6 crore, respectively, in the April-June period. Vi's quarterly SG&A expenses, in turn, have declined 3.2% sequentially to ₹1,135.4 crore, company data and IIFL Securities estimates showed.

Mint

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests JSW Energy, and Canara Bank today

Top Stock Recommendations: Dharmesh Shah of ICICI Securities has recommended two stocks to buy this week - JSW Energy and Canara Bank .

Mint

At Sebi, Madhabi Buch doesn't look at ICICI Securities, Blackstone matters

Hindenburg Research has attacked Sebi chairperson Madhabi Puri Buch over her husband's work for Blackstone. But under Buch's recuse disclosure, she doesn't look at matters related to ICICI and Blackstone.

The Economic Times

HC directs Sebi to disclose ICICI Securities exemption letter

In a ruling on Wednesday, the court directed the Securities and Exchange Board of India (Sebi) to provide the petitioner-ICICI Securities shareholder Aruna Vinod Modi-with a copy of the exemption letter, subject to a non-disclosure undertaking. The investor had moved the court, contesting Sebi's decision to grant parent ICICI Bank relaxation from rules on delisting the broking firm.

Business Line

Broker’s call: Archean Chemical (Add)

ICICI Securities