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Last Updated : Sep 25, 2018 05:04 PM IST | Source: Moneycontrol.com

Buy ICICI Securities; target of Rs 352: HDFC Securities

HDFC Securities is bullish on ICICI Securities has recommended buy rating on the stock with a target price of Rs 352 in its research report dated September 25, 2018.

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HDFC Securities' research report on ICICI Securities


ICICI Securities (ISEC) is one of the strongest retail investing platforms for direct equities (9.2% vol. market share). The company has retained its market leadership position despite intense competition. ISEC has also built a strong financial products distribution business (26.2% of revenues). We believe that ISEC will be a key beneficiary as financialization of savings grows.


Outlook


We initiate with a BUY rating and TP of Rs 352 (+19.1%).


For all recommendations report, click here



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First Published on Sep 25, 2018 05:04 pm
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