Markets are currently navigating a phase of heightened volatility, with the Nifty and broader market indices witnessing a meaningful correction from their recent highs. The weakness is less a reflection of any fundamental deterioration in the domestic earnings cycle and more a consequence of a confluence of external pressures. Here are 10 stocks ICICI Direct is betting on this festive season.

Venus Pipes and Tubes

Venus Pipes and Tubes has a buying range of Rs 1,660-1,800, against a current market price (CMP) of Rs 1,750. The stock has a target price of Rs 2,340, indicating a potential upside of 34%.

Kotak Mahindra Bank

Kotak Mahindra Bank has a recommended buying range of Rs 445-465, compared with its CMP of Rs 460. The target price is Rs 540, implying a potential upside of 17%.

Zydus Lifesciences

Zydus Lifesciences has a buying range of Rs 1,200-1,265, with the stock currently trading at Rs 1,240. Its target price of Rs 1,480 indicates a potential upside of 19%.

Info Edge

Info Edge has a buying range of Rs 1,140-1,205, against a CMP of Rs 1,192. The target price stands at Rs 1,530, suggesting a potential upside of 28%.

Adani Ports and SEZ

Adani Ports and SEZ has a recommended buying range of Rs 1,785-1,865, while its CMP is Rs 1,850. The target price of Rs 2,210 points to a potential upside of 19%.

Apollo Micro Systems

Apollo Micro Systems has a buying range of Rs 380-415, compared with its CMP of Rs 400. The stock carries a target price of Rs 485, indicating a potential upside of 21%.

Neogen Chemicals

Neogen Chemicals has a recommended buying range of Rs 2,020-2,160, against a CMP of Rs 2,100. Its target price of Rs 2,765 implies a potential upside of 32%.

Indian Hotels

Indian Hotels has a buying range of Rs 790-840, with its CMP at Rs 825. The target price of Rs 990 indicates a potential upside of 20%.

Saregama India

Saregama India has a recommended buying range of Rs 520-560, compared with its CMP of Rs 545. The stock has a target price of Rs 650, suggesting a potential upside of 19%.

Ethos

Ethos has a buying range of Rs 2,470-2,650, while its CMP stands at Rs 2,585. Its target price of Rs 3,180 indicates a potential upside of 23%.

Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here