6 Quality Stocks To Buy In November For High Returns, As Suggested By ICICI Direct

As the US Federal Reserve raised its interest rate again to control the inflation rate, stock markets are performing low now. On weak global cues, Indian equity markets are also down now. However, ICICI Direct suggested these 6 stocks to buy for high return. The current market price of the stock is Rs. 1,515. It is a top multibagger chemical stock. ICICI Direct mentioned, In our chemical coverage, we like Neogen Chemical. Trigger for Neogen Chemicals future revenue growth would be increasing CRAMS opportunity. Buy stock with a target price of Rs. 1645. In the last 6 months the stocks share price fell by 1.73%, but in the last 5 years its share price gained by 478.13%. The 52-week high level of this stock is Rs. 1,930, and the 52-week low level of this stock is Rs. 1,200.Advertisement The current market price of the stock is Rs. 1,340. According to the brokerage firm, In our auto coverage, we like M&M. Focused on prudent capital allocation, UV differentiation & EV proactiveness. Buy stock with target price of Rs. 1,590. In the last 6 months the stocks share price gained by 49.67%, and in the last 5 years its share price gained by 92.40%. The 52-week high level of this stock is Rs. 1,366.55, and the 52-week low level of this stock is Rs. 671.15. The current market price of the stock is Rs. 1,809. The brokerage firm stated, We like Bata India. Bata has a strong b/s, diversified branded product portfolio, pan India network enabling sustained long term profitable growth. Buy stock with target price of Rs. 2225. In the last 5 years its share price gained by 126.72%. The 52-week high level of this stock is Rs. 2,262, and the 52-week low level of this stock is Rs. 1,607.45. The current market price of the stock is Rs. 498.35. In the last 6 months the multibagger stocks share price gained by 18.82%, and in the last 5 years its share price gained by 164%. The 52-week high level of this stock is Rs. 585, and the 52-week low level of this stock is Rs. 376.15. ICICI Direct said, We like Brigade in the real estate space. Play on robust residential demand and office leasing. Buy stock with a target price of Rs. 595. The current market price of the stock is Rs. 173.65. Giving a buy rating to the stock, ICICI Direct said, In capital goods coverage, we like NRB Bearings. It offers a play on needle roller bearings, which are largely used in auto applications. Buy stock with a target price of Rs. 220 per share. In the last 6 months the multibagger stocks share price gained by 54.91%, and in the last 5 years its share price gained by 20.55%. The 52-week high level of this stock is Rs. 189.70, and the 52-week low level of this stock is Rs. 108. The current market price of the stock is Rs. 2,485. SRF Limited reported revenue growth was 31% YoY to Rs. 3727.8 crore, led by chemical, gained by 62% YoY. The stock appreciated at 62% CAGR in last three years. We retain buy rating on SRF on the back of sustained efforts to ride on increasing opportunities for fluoro-chemicals across key industries, entering into new segment of fluoropolymer PTFE and visibility capex in specialty chemical segment. ICICI Direct value SRF on an SOTP basis to arrive at a target price of Rs. 2900/share, the brokerage firm said. The above stocks were picked from the brokerage report of ICICI Direct. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.