ICICI Securities Picks 2 PSU-Defence Stocks With "Buy" Recommendation For 21-22% Gains

ICICI Securities in its recent equity research report on the Defence sector picks two leading PSU stocks from the stock with "Buy" recommendation. These two defence sector stocks are Bharat Electronics Ltd. (BEL), and Bharat Dynamics Ltd. (BDL). The brokerage assigns "Buy" on these two stocks with attractive target prices, claiming gains of up to 22% from their current market price. Check below to know more:

Bharat Electronics Ltd. (BEL)

ICICI Securities assigns a "Buy" on BEL with a target price of Rs 125/share. Given the target price, if you buy the stock at the current market price, it can fetch up to 22% returns. The stock is currently trading at Rs 102.80/share, down 0.15% from its previous close.

Its 52 week low is Rs 71.92/share and 52 week high is Rs 114.65/share, respectively. This is a large-cap PSU-defense sector Navratna category stock. It has a market capitalisation of Rs 74,925.23 crore.

In the past 1 week, it has given 10.01% returns. In the past 1 year it has given 23.15% positive return. It gave the highest 332.33% positive return. In the past 5 years, it has given 126.4% positive return.

Bharat Dynamics Ltd. (BDL)

ICICI Securities places a "Buy" on BDL with a target price of Rs 1,175/share. According to the given target price, if you buy the stock at the current market price, it can fetch a return of up to 21%. The stock is currently trading at Rs 975/share, down 0.98% from its previous close.

Its 52 week low is Rs 608.45/share and 52 week high is Rs 1,030/share, respectively. It is a midcap PSU-defense sector N+Miniratna category stock with a market capitalisation of Rs 17,904.75 crore.

The stock has given 6.93% positive return in 1 month. It has given 17.92% positive return in 1 year. In the past 3 years, it has given 320.53% positive return. In the past 5 years, it has given 135.24% positive return.

Disclaimer - The stocks have been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.