ICICI Bank & APL Apollo: Budget Volatility Mein Bhi Brokerage Ki Top Picks!

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AuthorKavya Nair|Published at:
ICICI Bank & APL Apollo: Budget Volatility Mein Bhi Brokerage Ki Top Picks!
Overview

Budget aa gaya aur market mein thoda kaafi garam-garam mahol hai, lekin Motilal Oswal ne darne ke bajaye do stocks par full bharosa dikhaya hai. Unke hisaab se, February 2026 ki shuruaat mein ICICI Bank aur APL Apollo Tubes sabse tagde performers ho sakte hain.

Budget 2026 ke baad, jo February 1st ko aaya tha, Indian markets mein kaafi gadbad machi hui hai. Securities Transaction Tax badhane jaisi baaton se index seedha neeche gir gaya. Iss sab market ke upar-neeche hone ke beech, Motilal Oswal Financial Services ne apna focus ICICI Bank aur APL Apollo Tubes par rakha hai, aur February 2, 2026 se shuru hone wale hafte ke liye inhe apna top pick banaya hai.

Brokerage ka confidence kitna hai?

Motilal Oswal ne ICICI Bank ke liye ₹1750 ka target price diya hai, jo current price ₹1334 se lagbhag 31% ka upside dikhata hai. APL Apollo Tubes ke liye target ₹2350 hai, jo current ₹2047 se 15% zyada hai. Budget wale din, jabki market mein badi girawat thi, ICICI Bank thoda sambhal gaya tha aur 0.27% upar tha. Yeh dhyan dene wali baat hai ki is dauran State Bank of India ne ICICI Bank ko market cap mein piche chhod diya tha.

APL Apollo Tubes ki baat karein toh, yeh stock recently apne all-time highs par pahuncha tha aur ₹2,087 ke 52-week high ke paas band hua tha. January 2026 ke end tak, isne ek 'rounding bottom pattern' ko bhi break kiya tha, jo technical strength ka ishara hai.

Aage kya hai Inke Liye?

ICICI Bank: Brokerage ka kehna hai ki ICICI Bank ki retail aur corporate banking kaafi zabardast hai aur risk management bhi kaccha nahi hai. Unhe lagta hai ki loan growth accha rahega aur company FY26 mein lagbhag 2.2% ka Return on Assets (RoA) de sakti hai, jo FY27-28 tak 2.3% ho jayega. Haalanki, 3QFY26 mein inka net profit ₹113.2 billion (lagbhag ₹11,320 Crore) ho gaya tha, jo pichle saal se 4% kam tha, iska reason agri-related provisions mein ₹12.8 billion kharch karna tha. Lekin, core performance acchi hai. Company ka market cap lagbhag ₹9.69 lakh crore ($106.46 billion) hai aur P/E ratio 18.17-18.30 ke aas-paas hai.

APL Apollo Tubes: Yeh company steel tubes sector mein market leader hai aur lagbhag 55% share rakhti hai. 3QFY26 mein, unki operational performance mein kaafi sudhar hua hai, volume 11% badha aur EBITDA per metric ton 23% badhkar INR 5,145 ho gaya. Isse EBITDA 37% saal-dar-saal badha hai. Analyst bhi is stock par positive hain, 15 mein se 18 analysts ne 'Buy' rating di hai. Company FY28 tak 8 million tons aur FY30 tak 10 million tons capacity banane ka plan kar rahi hai. Infrastructure sector mein 8-10% growth ki ummeed hai jo iske liye faydemand hai. Haan, iska P/E ratio 49.79 hai, jo peers Surya Roshni (~16) aur Ratnamani Metals & Tubes (~23) se kaafi zyada hai, lekin inki revenue growth 22.70% aur operating profit growth 24.59% hai. Quarter 4 FY26 mein 20% volume growth ka target hai.

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