ICICI Securities has released a new list of ten mid- and small-cap stock recommendations, projecting upside potential of up to 41% for select equities.
The brokerage’s latest picks include ITC Hotels, Apollo Tyres, and Astral, targeting investors seeking exposure to fundamentally strong companies that have yet to fully reflect their growth trajectories in current valuations.
Among the highlights, Narayana Hrudayalaya stands out with a target price of ₹2,310, implying an 18% upside from its current market price of ₹1,962.
Among the highlights, Narayana Hrudayalaya stands out with a target price of ₹2,310, implying an 18% upside from its current market price of ₹1,962.
The healthcare provider’s valuation is underpinned by a planned capital expenditure of ₹3,000 crore and accelerating revenue growth from its UK operations.
This expansion strategy positions the company to capture market share in a high-margin segment, driving long-term earnings visibility.
The release comes as Indian equity markets see a rotation toward mid- and small-cap segments following a broad-based rally.