1 / 12Brokerage firm ICICI Direct believes that the geopolitical events taking place currently is providing a buying opportunity for investors for a two to three-year time horizon.
2 / 12The brokerage has taken geopolitical events over the last three decades and observed that between 1990-2026 an event that ran for four weeks on average saw equity markets see a correction, but the average three and six-month return that the Sensex has delivered after the event, stood at 28% and 38% respectively.
3 / 12From a positioning standpoint, ICICI Direct advises staying with domestic oriented sectors like Banks, Infra / Cap Goods, Cement, Autos and Auto Ancillaries with lesser export share, Real Estate and Consumer Discretionary. Here are its top stock recommendations in these times.
4 / 12Larsen & Toubro | The brokerage has a price target of ₹5,030 on the stock, which implies an upside potential of nearly 30% from Thursday’s closing levels.
5 / 12Elgi Equipment | ICICI Direct has a price target of ₹620 on the stock, which implies an upside potential of 24% from current levels.
6 / 12City Union Bank | The stock can go up to levels of ₹320, according to ICICI Direct, which implies an upside potential of 23% from current levels.
7 / 12Nippon India AMC | A 21% upside potential is in store for the stock, ICICI Direct wrote, ascribing a price target of ₹1,020 to the stock.
8 / 12Star Cement | The smaller cement player can see its stock price rise to levels of ₹300, an upside potential of 46%, according to ICICI Direct’s note.
9 / 12Chalet Hotels | This is the only hotel stock that is part of ICICI Direct’s list. The brokerage sees the stock at ₹1,055, indicating an upside potential of 40% from current levels.
10 / 12NRB Bearings | In-line with its recommendation on auto ancillaries with a lower export share, ICICI Direct has a “buy” rating on NRB Bearings with a price target of ₹353, which indicates an upside potential of 37%.
11 / 12Asian Paints | India’s largest paint company also forms part of this list. ICICI Direct has a price target of ₹3,055, indicating an upside potential of 34% from current levels.
12 / 12Indo Count Industries | The stock has the highest upside potential in this list with ICICI Direct’s price target of ₹400 indicating an upside potential of 60% from current levels.
