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10 notes from ICICI Securities · all time

02 Nov 2026, 17:02 IST Ethos Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct target ₹3,180

The report lists Ethos Ltd as a momentum pick with a target price of ₹3,180, though detailed commentary is omitted from the excerpt provided.

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02 Nov 2026, 17:02 IST Saregama India Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct BUY target ₹650

The report assigns a BUY rating with a target price of ₹650 (38x FY28E EPS), citing paid music streaming penetration growth potential.

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02 Nov 2026, 17:02 IST The Indian Hotels Company Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct target ₹990

The report lists Indian Hotels as a momentum pick with a target price of ₹990, though detailed commentary is omitted from the excerpt provided.

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02 Nov 2026, 17:02 IST Neogen Chemicals Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct BUY target ₹2,765

The report recommends a BUY rating with a target of ₹2,765 (20x FY28E EBITDA), citing battery-materials capex and strategic tie-ups with Mitsubishi and Morita.

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02 Nov 2026, 17:02 IST Apollo Micro Systems Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct target ₹485

The report lists Apollo Micro Systems as a pick with a target price of ₹485, citing a strong defence electronics order book and pipeline across indigenous programmes.

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02 Nov 2026, 17:02 IST Info Edge (India) Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct BUY target ₹1,530

The report states a BUY rating with a SoTP-based target of ₹1,530, citing recruitment recovery, AI-led monetisation, and improving 99acres economics.

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02 Nov 2026, 17:02 IST Zydus Lifesciences Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct BUY target ₹1,480

The report assigns a BUY rating with a target of ₹1,480 (28x FY28E EPS), citing niche launches and the Rare and Orphan disease segment as growth drivers.

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02 Nov 2026, 17:02 IST Kotak Mahindra Bank Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct BUY target ₹540

The report recommends BUY with a target price of ₹540, citing margin recovery, resilient asset quality, and the new MD & CEO appointment effective January 2027.

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02 Nov 2026, 17:02 IST Venus Pipes & Tubes Limited ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct BUY target ₹2,340

The report assigns a BUY rating on VPT with a target of ₹2,340 (30x FY28E P/E), citing diversification into data centers, semiconductors and nuclear power and a potential net-debt-free balance sheet in FY27E.

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