October 3, 2025
ICICI’s 9 Top Quality Techno-Funda Stock Picks For 2014
ICICI Direct has released a report recommending 9 top quality stocks that can be bought by investors from a technical – fundamental perspective
ICICI Direct has released a report recommending 9 top quality stocks that can be bought by investors from a technical – fundamental perspective




TCS:

TCS has been a clear out-performer within the IT pack and a key flag bearer of the benchmark index over the past year. The stock resumed its long term bull trend after breaking out of its two year consolidation range (1050-1250) at the start of 2013. The two major rallies since October 2012, first till March 2013 and subsequently during June–October 2013 were retraced only by 38.2%, which indicates a strong uptrend.

Tata Motors:

The share price of Tata Motors remains in a strong uptrend and has consistently outperformed its peers from the auto industry. The stock continues to work its way up and looks well geared for a further rally in 2014 post the breakout from the 15 month long consolidation (April 2012- September 2013) during September 2013

Colgate-Palmolive (India) Ltd:

After a stupendous rally during 2009-12 (300-1600), the stock price of Colgate took a breather during 2013. Therefore, it underperformed its peers, while maintaining the long term bullish price
Structure.

Cummins:

The long term price chart of Cummins Industries represents an established uptrend as exhibited by rising peaks and troughs

Ipca Laboratories:

Ipca Laboratories remains in a secular bull trend & is one of the strong outperformers within the pharma space. Since 2011, each rally has been larger in magnitude while corrections have been shallow indicating a positive price structure

JB Chemicals:

The share price of JB Chemicals broke out from a two year consolidation range (96 to 56) in the last quarter of 2013. Pictorially, this two year consolidation had taken the shape of a rounding bottom as highlighted on the adjoining charts

Bosch:

Bosch, an auto component maker, has enjoyed a secular bull trend since its 2009 lows around Rs. 2975. After a stupendous rally during 2009-12 (2975-9400) the stock went into hibernation mode to digest the strong gains. Bosch has consolidated in the broad range of 9400-8100 over the past 18 months from June 2012 – till date

CMC Ltd:

The break out from the Cup and Handle formation, a continuation pattern, during December 2013 after 2011-13 consolidation signals resumption of the long term up trend

Kesoram Industries:

The share price of Kesoram Industries witnessed a dream run on the bourses during its major bull run from 2003-07 multiplying more than 25 times from a low of Rs. 25 in 2003 to its lifetime high of Rs. 670 in 2007

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