In a volatile trade, the 30-share Sensex declined 105.79 points or 0.13 per cent to settle at 80,004.06. During the day, it lost 311.18 points or 0.38 per cent to 79,798.67. The broader NSE Nifty declined by 27.40 points or 0.11 per cent to 24,194.50.
In the current market scenario, domestic brokerage firm SMC Global Securities has released its top four stock picks for this week. The brokerage has selected the following stocks based on technical and fundamental parameters. According to the brokerage, the stocks have robust fundamentals and are well-placed to yield good returns for investors in the next one year.
Let’s take a look at the top four technical and fundamental stocks for this week by brokerage SMC Global Securities:
ICICI Bank: (CMP): ₹1,305.05; Target Price: ₹1,512, Upside: 18 per cent
The bank is showing strong business growth and improved asset quality. It is leveraging digital and technology across businesses to grow the risk-calibrated core operating profit. It is seeing increasing customer adoption and usage of its digital platforms. The brokerage expects the stock to see a price target of Rs. 1,512 in the 8 to 10 months on a three-year average P/BV of 3.34x and FY25 (E) BVPS of Rs. 452.73.
