Margin Funding Picks

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MOMENTUM PICK
research recommendations for Margin Trading
Analysis

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Top
Picks

Relative Reasonable
Strength Business model
Below are our top picks for the month of December Rankings and promoter
pedigree
2023

ICICI Securities – Retail Equity Research

Time Frame: 1 months
Market Cap 200 Days 52 Weeks 52 Weeks YTD Last 3 years Stock Performance (%)
Date Scrip Name Buying Range Support Target
(In Crs) SMA High Low Returns(%) CY'22 CY'21 CY'20
5-Dec-23 TCS 3470.00-3515.00 3350 3760 1285223 3361 3679 3070.25 10 31 32 14
5-Dec-23 Bank of Baroda 207.00-212.00 195 228 108107 189 220 147 13 33 -40 -14
5-Dec-23 ABB India 4650.00-4700.00 4400 4990 98129 3971 4683 2637 73 84 -6 12
5-Dec-23 L&T Finance Holdings 152.00-156.00 145 170 38251 115 156 79 76 -11 -21 -22
5-Dec-23 National Aluminium 94.00-97.00 90 106 17806 88 106 70 21 134 -1 -34
5-Dec-23 Hindustan Copper 174.00-180.00 167 198 17223 127 183 94 63 104 56 -25
5-Dec-23 CESC 108.00-112.00 102 122 14435 78 110 62 43 42 -17 10
5-Dec-23 NCC 167.00-171.00 159 190 10680 132 177 76 103 22 3 -36
5-Dec-23 JK Lakshmi Cement 800.00-840.00 770 925 9715 713 897 607 1 70 21 -4

Source: Spider software, Bloomberg, ICICI Direct Research

December 5, 2023 ICICI Securities Ltd. | Retail Equity Research 1
Price history of last three years….

TCS Bank of Baroda

MOMENTUM PICK
ICICI Securities – Retail Equity Research
ABB L&T Finance holdings

Source: Spidersoftware, ICICI Direct Research

December 5, 2023 ICICI Securities Ltd. | Retail Equity Research 2
Price history of last three years….

Nalco Hind Copper

MOMENTUM PICK
ICICI Securities – Retail Equity Research
CESC NCC

Source: Spidersoftware, ICICI Direct Research

December 5, 2023 ICICI Securities Ltd. | Retail Equity Research 3
Price history of last three years….

JK Lakshmi Cement

MOMENTUM PICK
ICICI Securities – Retail Equity Research
Source: Spidersoftware, ICICI Direct Research
December 5, 2023 ICICI Securities Ltd. | Retail Equity Research 3
Performance summary

Date Script Nam e Buying range Target Gain/Loss Rem ark

MOMENTUM PICK
03-Nov-23 NCC 148.5 165 11 Target achieved
03-Nov-23 LIC Housing Finance 460 520 10.5 Book profit at 508.50
03-Nov-23 Bank of India 100 112 10.2 Book profit at 110.20
10-Oct-23 Larsen & Toubro 3050 3330 9 Target achieved
10-Oct-23 Ramco Cements 948 1055 8.5 Book profit at 1030.00
03-Nov-23 Zydus Lifesciences 582 630 8.2 Target achieved
10-Oct-23 IndusInd Bank 1405 1530 7.4 Book profit at 1509.00
03-Nov-23 Hindalco Industries 482 515 7.3 Target achieved
03-Nov-23 DLF 591 640 6.6 Book profit at 630.00
30-Aug-23 Vardhman Textiles 392 445 6 Book 50% profit at 416.00
31-Jul-23 Balkrishna Industries 2505 2770 5.3 Book profit at 2637.00
03-Nov-23 L&T Finance Holdings 140 155.68 5.3 Book profit at 147.40

ICICI Securities – Retail Equity Research

30-Aug-23 Kotak Mahindra Bank 1798 1930 Open
03-Nov-23 Maruti Suzuki India 10370 11200 Open

Sum m ary Perform ance - Novem ber 2023 FY24

Total Recommendations 8 Total Recommendations 69
Closed Recommendations 7 Closed Recommendations 67
Positive Recommendations 7 Positive Recommendations 65
Exit at cost 0 Exit at cost 0
Open 1 Open 2
Strike Rate 100% Strike Rate 97%
Yield on Positive recommendations 8.5% Yield on Positive recommendations 7.5%

Source: ICICI Direct Research

December 5, 2023 ICICI Securities Ltd. | Retail Equity Research 4
 MOMENTUM PICK
Pankaj Pandey Head – Research [email protected]

ICICI Securities – Retail Equity Research

ICICI Direct Research Desk,
ICICI Securities Limited,
Third Floor, Brillanto House,
Road No 13, MIDC,
Andheri (East)
Mumbai – 400 093
[email protected]

December 5, 2023 ICICI Securities Ltd. | Retail Equity Research 6

Disclaimer

We/I,DharmeshShah,NitinKunte,NinadTamhanekar,VinayakParmarResearchAnalysts,authors and the names subscribed to this report,hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also
certify that no part of our compensation was ,is ,or will be directly or indirectly related to the specific recommendation(s) or view(s )in this report. Analysts are not registered as research analysts by FINRA and are not associated persons of the ICICISecurities Inc. It is also confirmed
that above mentioned Analysts of this report have not receive dany compensation from the companies mentioned in the report in the preceding twelve months and do not serve as an officer,direct or or employee of the companies mentioned in the report.

MOMENTUM PICK
Terms & conditions and other disclosures:
ICICI Securities Limited (ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stock brokering and distribution of financial products.
ICICI Securities is Sebi registered stock broker, merchant banker, investment adviser, portfolio manager and Research Analyst. ICICI Securities is registered with Insurance Regulatory Development Authority of India Limited (IRDAI) as a composite corporate agent and with PFRDA as a
Point of Presence. ICICI Securities Limited Research Analyst SEBI Registration Number – INH000000990. ICICI Securities Limited SEBI Registration is INZ000183631 for stock broker. Registered Office Address: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400
025. CIN: L67120MH1995PLC086241, Tel: (91 22) 6807 7100. ICICI Securities is a subsidiary of ICICI Bank which is India’s largest private sector bank and has its various subsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venture
capital fund management, etc. (“associates”), the details in respect of which are available on www.icicibank.com.
Investments in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. None of the research recommendations promise or guarantee any assured, minimum or risk-free return to the investors.
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Contact number: 022-40701000 E-mail Address: [email protected]
For any queries or grievances: Mr. Prabodh Avadhoot Email address: [email protected] Contact Number: 18601231122
Recommendation in reports based on technical and derivative analysis centre on studying charts of a stock's price movement, outstanding positions, trading volume etc as opposed to focusing on a company's fundamentals and, as such, may not match with the recommendation in
fundamental reports. Investors may visit icicidirect.com to view the Fundamental and Technical Research Reports. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.
ICICI Securities Limited has two independent equity research groups: Institutional Research and Retail Research. This report has been prepared by the Retail Research. The views and opinions expressed in this document may or may not match or may be contrary with the views,
estimates, rating, target price of the Institutional Research.
The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way,
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in compliance with applicable regulations and/or ICICI Securities policies, in circumstances where ICICI Securities might be acting in an advisory capacity to this company, or in certain other circumstances.
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ICICI Securities – Retail Equity Research

opinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent
judgment by any recipient. The recipient should independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. ICICI Securities accepts no liabilities whatsoever for any loss
or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the securities markets. Actual results may differ
materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice.
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ICICI Securities or its associates might have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the companies mentioned in the report in the past twelve months.
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or third party in connection with preparation of the research report. Accordingly, neither ICICI Securities nor Research Analysts and their relatives have any material conflict of interest at the time of publication of this report.
Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. ICICI Securities or its subsidiaries collectively or Research Analysts or their relatives do not own 1% or more of the equity securities of the
Company mentioned in the report as of the last day of the month preceding the publication of the research report.
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subject company/companies mentioned in this report.
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December 5, 2023 ICICI Securities Ltd. | Retail Equity Research 7