Best Stock Today: While investing in the stock market, it is generally the thinking of investors that their money can double or triple in a short time. There are many stocks which have given manifold returns to the investors in a very short span of time.
Best Stock Today: While investing in the stock market, generally the thinking of investors is that their money can double or triple in a short time. If we look at the returns of different stocks, then this has happened. There are many stocks which have given manifold returns to the investors in a very short span of time. But identifying such a stock is not easy. If you are also looking for similar stocks, then you can keep an eye on ICICI Securities. Anil Singhvi, Managing Editor, has a buy call on ICICI Securities stock with a long term target of Rs 1000. He says that the stock has the power to give double returns in 2 to 3 years. Know why those with the best fundamentals can invest in this ‘SIP Stock’.
Target for the share: Rs 1000 Anil Singhvi advises to invest in ICICI Securities for short term to long term. A target of Rs 1000 has been given for the stock in the long term. Whereas in the short term the target is Rs 750 and in the mid term the target is Rs 850. On Thursday, the stock closed around Rs 600. He says that the stock has the potential to give double returns in 2 to 3 years. There are many big reasons behind this.
Company Tech Rich Anil Singhvi says that customers have trust in tech rich brokerage companies. Retail investors are turning to brokers that have more stability and technology support. The management of the company is excellent. ROCE is 37 per cent, RoE is 70 per cent which is a strong sentiment in itself. PE is around 18. The company’s business is in Institution Broking, Retail Broking and Mutual Funds.
Excellent profit track record The track record of ICICI Securities has been excellent. Talking about the last 3 years, there has been a CAGR growth of 12 percent in income and 24 percent in profit. This year is also going to be better for the company. The customer base of the company is around 20 lakhs.
Market share double in 6 years Analyst Varun Dubey says the market share of ICICI Securities has doubled in 6 years. It was 4.5 percent in the financial year 2014, which has now increased to 9.6 percent. For 14 years, 36 percent of the clients are continuously associated with the company. The company added 3.5 lakh new customers in the March quarter. In the last financial year, there has been 50 percent and 94 percent growth in income and profit. Talking about the holding, the maximum stake of the promoters remains at 75 percent. The share of FIIs is 3.74 per cent and that of DIIs is 9.04 per cent.
