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News Topical, Digital Desk : The ongoing economic uncertainty is causing significant volatility in global markets. However, brokerage firm ICICI Direct believes that current geopolitical events present a good investment opportunity for investors with a 2- to 3-year timeframe. The brokerage
firm analyzed geopolitical events over the past three decades and found that between 1990 and 2026, an event lasting an average of 4 weeks resulted in a correction in the equity market. However, the Sensex's 3-6-month average return after this event has ranged from 28% to 38%.
Where to invest?
ICICI Direct recommends staying in domestic sectors like banks, infra/cap goods, cement, auto and auto ancillaries with low export share, real estate and consumer discretionary. Its top stock recommendations at this time are: Larsen & Toubro brokerage has a price target of Rs 5,030 on the stock. This means it has a potential for an upside of around 30% from Thursday's closing level. Elgi Equipment ICICI Direct has a price target of Rs 620 for the stock, which means it has a potential for an upside of 24% from current levels. According to City Union Bank brokerage, the stock can reach Rs 320, which means it has a potential for an upside of 23% from current levels.
Nippon India AMC According to ICICI Direct, the stock has a 21% upside potential. A price target of ₹1,020 has been set for the stock. According to
Star Cement
Brokerage, Star Cement's stock price could reach ₹300, representing a 46% upside potential.
Chalet Hotels
Is the only hotel stock listed by ICICI Direct. The brokerage believes the stock is priced at ₹1,055, suggesting a 40% upside potential from current levels.
NRB Bearings
ICICI Direct has a "buy" rating on NRB Bearings with a price target of ₹353, indicating a 37% upside potential.
Asian Paints,
India's largest paint company, is also included in this list. ICICI Direct has a price target of ₹3,055, suggesting a 34% upside potential from current levels.
Indo Count Industries
ICICI Direct has a price target of ₹400, suggesting a 60% upside potential from current levels.
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