This Midcap Pipes & Fittings Stock To Buy As Suggested By ICICI Securities 
For High Returns

This Midcap Pipes & Fittings Stock To Buy As Suggested By ICICI Securities For High Returns { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

ICICI Securities has assigned a " buy" on the stock of Finolex Industries Ltd. with a target price of 196/ share.

According to the brokerage firm, if you buy the stock at the current market price, it can fetch up to 16% gains.

Finolex Industries is a midcap Pipes & Fittings industry stock having a market capitalisation of Rs 10,517.08 crore.

The current market price of stock is Rs 169.75/ share, up 1 .86% from its previous close of Rs 166.65/ share. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

It recorded 52 week low at Rs 121.50/ share on 22 September 2022 and its 52 week high at Rs 195/ share on 29 December 2022, respectively.

It has fallen 4 .43% in the past 1 month, and in 3 months it gained 3 .7%.

It gained 53 .89% in the past 3 months, and 29 .04% in the past 5 years, respectively.

ICICI Securities Assigned " Buy" on stock with a target of Rs 196/ shareAssigned " Buy" on stock with a target of Rs 196/ share

Finolex on growing higher- margin non- agri pipe business, and 4) its net debt- free balance sheet. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Maintain estimates and upgrade the stock from Add to BUY with an unchanged Mar' 24 SoTP- based target price of Rs 196."

The stock has been picked from the brokerage report of ICICI Securities. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more