SIP Stock: Investors alert! Good management, continuous growth! ICICI Securities suggested for investment; know targets, triggers by Anil Singhvi
In a conversation with Anil Singhvi, Managing Editor at Zee Business, Varun Dubey, Senior Research Analyst suggested ICICI Securities as todays SIP stock for the investors. The research analyst said that the company has very good management and the firm is witnessing continuous growth.
In a conversation with Anil Singhvi, Managing Editor at Zee Business, Varun Dubey, Senior Research Analyst suggested ICICI Securities as today's SIP stock for the investors. The research analyst said that the company has very good management and the firm is witnessing continuous growth.
"The market share of the company stood at around 4.5 percent in FY14 and now it is around 9.5 percent. This means that the market share of the company has observed tremendous growth in the last 5-6 years," he added.
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Varun said that the company also retains its clients. "In the last 14 years, we can see that 37 percent of the company's clients are still attached to it. The company has even added 3.5 lakh new customers in Q4," he said.
Talking about the profit and revenue, Varun said that in the last 3 years the company has recorded a growth of 12 percent in its revenue while the profit increased by 24 percent. Also, this year the company has recorded a growth of 50 percent in its revenue and 97 percent in profit.
He added that the ROCE of the company is at 37 percent, ROE at 70 percent and PE is around 18 percent which shows that the valuation of the company is also good.
"The most important thing is that the promoters of the company hold 75 percent share, FII holds 3.74 percent and DII 9.04 percent. This means that around 90 percent of the holding is fixed," he added.
Speaking on the topic, Anil Singhvi said that there is a support of a big brand like ICICI, technology and management is also good.
He added that the company has almost doubled the market share and other than this there are several verticals including institutional broking, retail broking, mutual fund distribution, investment banking, etc. which will contribute to the growth of the company.
The Market Guru gave a short term target of Rs 750, a medium term target of Rs 850 and long term target of Rs 1000. He further added that the stock has the ability to double itself in the coming 2 to 3 years.
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