ICICI Direct Research Reports

SAIL share price target

SAIL is trading at lucrative valuations & is an attractive risk reward play, healthy gains lie ahead. Buy for target price of ₹200 (28% upside): ICICI Direct

Arjun March 12, 2026

Safeguard duty to support profitability, healthy gains in EBITDA/tonne

Dynamatic Technologies share price target

Dynamatic Technologies has burgeoning growth opportunities in global aerospace sector. Buy for target price of ₹12700 (20% upside): ICICI Direct

Arjun March 6, 2026

We estimate revenue CAGR of ~17% over FY25-28E with EBITDA margin improving gradually to...

ZFCV share price target

ZF Commercial Vehicle Control Systems will benefit from regulatory tailwinds which will accelerate ADAS adoption. Buy for target price of ₹19000 (20% upside): ICICI Direct

Arjun February 26, 2026

ZF combines high margin technology products with a stable and growing aftermarket business, providing...

Capri Global Capital share price target

Capri Global Capital is well-positioned to compound earnings over the medium term. Buy for target price of ₹220 (31% upside): ICICI Direct

Arjun February 25, 2026

Asset quality remains a key strength for Capri Global, supported by its predominantly secured...

Star Cement share price target

Star Cement is a leading cement manufacturer. Strategic expansion to drive growth. Buy for target price of ₹300 (41% upside): ICICI Direct

Arjun February 23, 2026

Volume growth expected at ~13% CAGR over FY25-28E; Doubling capacity by FY29E

Sakar Healthcare share price target

Sakar Healthcare’s return ratios & cash flows are expected to improve significantly. Buy for target price of ₹605 (30% upside): ICICI Direct

Arjun February 20, 2026

SHL has the capability to manufacture oral liquids, tablets, injectables, dry powder & inhaler...

ahluwalia contracts share price target

Ahluwalia Contracts is poised for a healthy growth ahead. Buy for target price of ₹1000 (24% upside): ICICI Direct

Arjun February 18, 2026

Ahluwalia enjoys a healthy balance sheet and is a net cash company

Engineers India share price target

Engineers India is on the right track across all parameters in meeting its guidance. Buy for target price of ₹260 (25% upside): ICICI Direct

Arjun February 16, 2026

EIL is strategically skewing towards consultancy and cost-plus/OBE turnkey contracts, protecting margins from cost...

kilburn engineering ltd share price

Kilburn Engineering has Strong Revenue Visibility Supported by Healthy Order Book & strong Inquiry Pipeline. Buy for target price of ₹770 (49% upside): ICICI Direct

Arjun February 15, 2026

We expect Revenue and PAT to grow at 29.8% and 32.8% CAGR over FY25-FY28E.

jubilant pharmova share price target

Jubilant Pharmova has an aspirational target for FY30 of doubling of overall revenues. Buy for target price of ₹1310 (41% upside): ICICI Direct

Arjun February 8, 2026

Jubilant Pharmova (JPL) is an integrated, multi-dimensional pharmaceuticals company with global presence.