Elara Capital gives ‘buy’ on ICICI Securities, target price Rs 610
The stock closed at Rs 506, down 0.8% on Monday.
Last Updated: Feb 25, 2020, 08.20 AM IST
Elara Capital has given a ‘buy’ rating on ICICI Securities with a target price of Rs 610. The brokerage said consistent increase in market share on the back of retail broking, with corresponding pickup in revenue and successful strategy execution of open architecture laid by incumbent management are key positives for the stock. High free cash flow generation with strong balance sheet and parent backing should provide additional comfort to shareholders, the brokerage said. The stock closed at Rs 506, down 0.8% on Monday.
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