Page 2 - Icici Securities

Nifty PSU Bank index up 2%, SBI at new high; here's why PSBs are in demand

Indian Bank, Bank of Maharashtra, Bank of Baroda, Central Bank of India and Canara Bank were up in the range of 2 per cent to 3 per cent in intra-day trade on Tuesday.

ICICI Securities initiates 'Buy' on WeWork India; projects 47% upside

ICICI Securities assigned a target price of ₹914 per share for WeWork India shares, a potential upside of 47 per cent from Thursday's close

Radico Khaitan surges 6%, hits record high; analysts see more upside

Looking ahead, Radico's management remains confident of delivering strong double-digit growth in the Prestige & Above category, enhanced profitability and a continuous focus on cash flow generation.

KEC Intl slips 7% on Power Grid projects ban; should you buy, hold or sell?

KEC International said the Company does not envisage any major impact on its operations and financial position, considering the strong order book and tender pipeline.

Laurus zooms 105% in 1 year, hits new high. Should you buy, hold or sell?

Thus far in the month of October 2025, Laurus Labs has outperformed the market by surging 14 per cent.

Jio Platforms may be valued at $148 billion by FY27: ICICI Securities

ICICI Securities optimistic about IPO-bound firm's strong free cash flow and potential deleveraging

Uno Minda up 80% in 6 months, hits new high. Should you buy, hold or sell?

Uno Minda stock gained 4% in Tuesday's intra-day trade. With largely an EV-agnostic portfolio & proven execution on JVs, Uno Minda is well placed to benefit from India's electrification drive.

Is Kalyan Jewellers set for a comeback? ICICI Sec says Buy, 38% upside eyed

Analysts at ICICI Securities believe Kalyan is well-positioned to outperform peers, backed by aggressive store expansion through its asset-light FOCO model

RACL Geartech soars 14%, hits 16-month high; ICICI Sec predicts more upside

In the past one month, RACL Geartech stock price has zoomed 45 per cent, as compared to 1.4 per cent rise in the BSE Sensex; here's why ICICI Securities is bullish on the stock...

Indegene rises 3% as ICICI Securities initiates with 'Add'; 14% upside eyed

Indegene stock rose around 3.5 per cent to hit an intraday high of ₹568.2 on the NSE as ICICI Securities has initiated coverage with 'Add' rating

GST reforms: How and where to invest in the stock market? Analysts decode

At the bourses, the consumption-driven theme has played out well thus far in FY26 with the Nifty India Consumption index rising nearly 11 per cent as compared to around 5 per cent rise in Nifty 50

Ahead of IPO, Aditya Infotech mobilises ₹582 cr from anchor investors

Aditya Infotech, which offers video security and surveillance products under 'CP Plus' brand, on Monday raised over Rs 582 crore from anchor investors a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors, including Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority, according to a circular uploaded on the BSE website. As per the circular, Aditya Infotech has allotted 86.26 lakh equity shares to 54 funds at Rs 675 apiece. This aggregates the transaction size to Rs 582.3 crore. The Rs 1,300-crore initial public offering (IPO) will open for subscription on July 29 and conclude on July 31. The price band has been set at Rs 640-675 per share. The company's IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an

DMart Q1 miss triggers margin concerns; brokerages turn cautious on outlook

Nuvama maintained a 'Hold' rating on DMart, and revised its target price to ₹4,086 from ₹4,273, citing sustained margin pressure.

Marico rallies 4%, hits new high post Q1 biz. Should you buy, hold or sell?

The highlight of the quarter was volume growth recovering sequentially and expected to be at 9 per cent in Q1FY26, which is the strong start to the fiscal.

Indian Hotels, Samhi, ITC Hotels gain up to 3% today; should you check in?

Hotel stocks were rising in trade today as expectations that the demand for branded hotel rooms in India may continue to outpace supply growth

Five banks set to present OYO's IPO plans to SoftBank in London next month

Global travel-tech unicorn OYO has arranged for five investment banks to meet its key shareholder SoftBank in June, in a crucial presentation that could determine the company's path to public listing, sources said. The banks include Citi, Goldman Sachs and Jefferies from the global banking consortium, alongside ICICI Securities and Axis Capital representing Indian financial institutions. SoftBank, which remains one of OYO's largest shareholders, is interested in understanding the key positioning strategies, expected valuation metrics and anticipated investor appetite for the offering. The high-stake meeting is scheduled to take place at SoftBank's London office on Grosvenor Street, where the banks will present their IPO strategies to SoftBank's Sumer Juneja. OYO founder Ritesh Agarwal and his senior leadership team will also participate in the discussions, sources close to the development told PTI. The Japanese conglomerate's view is considered important for the IPO's timing, given

SC upholds ICICI Securities delisting, dismisses plea over valuation

The Supreme Court rejected investor Manu Rishi Gupta's challenge to ICICI Securities' delisting and merger with ICICI Bank, calling the valuation process fair

Aegis Vopak IPO sees 26% subscription on Day 1; QIBs lead with 39%

The initial public offer of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received a 26 per cent subscription on Monday, the first day of bidding. The initial share sale received bids for 1,77,71,355 shares against 6,90,58,296 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched 39 per cent subscription while the category for Retail Individual Investors (RIIs) got subscribed 19 per cent. Non-institutional investors part received a 3 per cent subscription. Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors. The issue, with a price band of Rs 223 to Rs 235 per share, will conclude on May 28. The company is valued at around Rs 26,000 crore at the upper end of the price band. The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP). Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.

Jio Credit looks to raise Rs 1K cr in maiden bond issue next week

Jio Finance to launch its first bond issue on May 14 with Rs 1,000 crore target and 7.19 per cent expected coupon amid improved liquidity and rate cut outlook

R R Kabel spurts 17% on healthy Q4 results; rebounds 60% from April low

R R Kabel share price: R R Kabel reported a consolidated revenue of ₹2,218 crore, up 26.4 per cent year-on-year (Y-o-Y)