ICICI Securities research reports

KSH International share price target

KSH International will benefit from the demand for transformers which is surging in domestic and global markets. Buy for target price of ₹600 (52% upside): ICICI Securities

Arjun March 13, 2026

The market is characterised by higher manufacturing complexity and higher entry barriers. Therefore, only...

HDB Financial Services Ltd share price target

HDB Financial Services is a diversified retail NBFC with proven execution track-record; proxy to India’s growth story. Buy for target price of ₹900 (34% upside): ICICI Securities

Arjun March 10, 2026

HDBFS’ focus on direct customer sourcing - accounts for >80% of FY25 disbursements –...

apar industries share price target

Apar is benefitting from secular trends in electricity demand, transmission and renewables. Buy for target price of ₹12750 (21% upside): ICICI Securities

Arjun March 1, 2026

Apar has repurposed its cables portfolio to dominate niche segments and export markets

suzlon share price target

Suzlon is eyeing new, yet related, frontiers while maintaining its stronghold in the existing wind business. Buy for target price of ₹65 (51% upside): ICICI Securities

Arjun February 27, 2026

Outlook for the wind industry is positive over the medium to long term, given...

Radico Khaitan share price target

Radico Khaitan’s revenues are expected to grow at CAGR of 19% over FY25-28E. Buy for target price of ₹3710 (25% upside): ICICI Securities

Arjun January 26, 2026

RKL’s revenues and PAT are expected to grow at CAGR of 19% and 38%...

Tatva Chintan share price target

Tatva Chintan Pharma Chem is sustaining improving revenue and profitability trajectory. Buy for target price of ₹1955 (41% upside): ICICI Securities

Arjun January 25, 2026

TATVA expects SDA revenue growth to sustain, with new customers’ offtake in CY26 and...

leela palaces hotels share price target

Leela Palaces Hotels & Resorts is a pure-play luxury hospitality with strong growth visibility. Buy for target price of ₹600 (51% upside): ICICI Securities

Arjun December 16, 2025

LEELA is one of the largest pure-play luxury hospitality companies in India, consisting of...

Netweb Technologies share price target

Netweb Technologies India is a unique and comprehensive play in high-end computing solutions (HCS). Buy for target price of ₹4110 (28% upside): ICICI Securities

Arjun December 15, 2025

Netweb’s portfolio consists of eight segments, of which: 1) HPC (High Performance Computing);...

vishal mega mart share price target

Vishal Mega Mart’s expansion momentum strengthens medium-term visibility. Buy for target price of ₹175 (34% upside): ICICI Securities

Arjun December 13, 2025

Fast fashion remains a core driver for VMM, supported by weekly design refreshes...

Premier Energies share price target

Premier Energies has one of the largest solar cell capacities in India & is likely to do well. Buy for target price of ₹1320 (33% upside): ICICI Securities

Arjun November 29, 2025

Premier has one of the strongest balance sheets and is likely to generate ~INR...