Stocks To Buy: These 3 Stocks Can Gain Upto 39% In 1 Year, Stable Volume Growth Reported

The Indian equity markets have started to gain momentum marginally; the Nifty has increased only 0.38% till last traded on May 16. At that time, brokerage firm ICICI Direct suggested investors to buy these 3 company stocks, that have reported stable volume growth, and have the potential to offer high returns in the upcoming 1 year. The company stocks have been listed below. ICICI Direct, the reputed brokerage firm has recommended investors to buy the stocks Bata, Gain, and Mahindra & Mahindra Limited (M&M) for good returns in the near term. These stocks have given considerably good profitability in the long term and performed well in the fiscal.According to the latest report, the Mahindra Group has initiated a restructuring to trifurcate or split into 3 units the automobiles business. M&M reportedly contributes significantly 55% to the groups revenue.In this table, the Current Market Price (CMP) and the Target Price (TP) of the recommended stocks have been mentioned.CompanyCMPTP1 Year Expected ReturnBataRs. 1696Rs. 236039.15%GailRs. 151Rs. 18019.20%M&MRs. 904Rs. 104515.59%Advertisement Till last traded on NSE, stock of Bata has gained by 0.99% on May 16. This stocks 52 weeks high level stood at Rs. 2,262 on November 16, 2021, and 52 weeks low level stood at Rs. 1,342.35 on May 14, 2021 on NSE. The companys Total Income stood at Rs. 84,130.20 lakh in the quarter ended on December 31, 2021.Till last traded on NSE, stock of Gail has gained by 2.17% on May 16. This stocks 52 weeks high level stood at Rs. 173.50 on April 19, 2022, and 52 weeks low level stood at Rs. 125.20 on December 20, 2021 on NSE. The companys Total Income stood at Rs. 25,77,558 lakh in the quarter ended on December 31, 2021.Till last traded on NSE, stock of M&M has gained by 1.63% on May 16. This stocks 52 weeks high level stood at Rs. 979.00 on Nov 17, 2021, and 52 weeks low level stood at Rs. 671.15 on March 8, 2022, on NSE. The companys Total Income stood at Rs. 15,23,882 lakh in the quarter ended on December 31, 2021. Commenting about the stock of Bata, ICICI Direct said, Bata India has a strong b/s, diversified branded product portfolio and pan India network, which would enable sustained long term profitable growth. BUY with a target price of Rs. 2360.ICICI Direct commented, Gail is Indias leading gas transmission company, which is a beneficiary of increasing gas consumption. Stable volume growth along with higher profitability from gas trading, petchem, and LPG segment due to higher oil prices will add value. BUY with target price of Rs. 180.According to ICICI Direct, In our auto OEM coverage we like M&M. Focused on prudent capital allocation, UV differentiation & EV pro-activeness. BUY with a target price of Rs. 1,045.(Also read: Buy This Tata Group Stock for 38% Gains, Says Motilal Oswal) The above stock was 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 brokerage house are not liable for any losses caused as a result of decisions based on the article.