ICICI Bank, NTPC, and Mazagon Dock are among 12 stocks expected to rise 9-20% in the next 3-4 weeks

New Delhi: ICICI Bank has been gaining attention due to its strong fundamentals and recent financial performance. The bank has shown resilience amidst economic fluctuations, with improved asset quality and a robust loan portfolio. Analysts believe that the bank's strategic initiatives, including digital transformation and customer acquisition, position it well for growth. Given the current economic climate and increasing loan demand, experts predict a potential rise of 10-15% in the stock price in the upcoming weeks.

As a major player in India’s energy sector, NTPC is well-positioned to benefit from the government's commitment to expanding power generation, especially in renewable energy. The company’s strategic initiatives to diversify its energy portfolio and improve operational efficiency are expected to yield positive results. Analysts predict that NTPC’s stock could increase by 12-20% in the coming weeks, bolstered by ongoing projects and favorable government policies aimed at energy sustainability.

Mazagon Dock has emerged as a key player in the defense and shipbuilding sector, with a strong pipeline of contracts due to rising defense expenditures. The Indian government’s push for indigenous manufacturing and defense capabilities enhances the company’s growth prospects. Analysts anticipate that Mazagon Dock’s stock could appreciate by 9-18% as it capitalizes on new contracts and collaborations in the defense sector.

Persistent foreign capital outflows, rising tensions in West Asia, high valuations, weak Q2 earnings, and fading expectations of a significant US Federal Reserve rate cut pressured the Indian stock market, leading to a third straight weekly decline for the Nifty 50 index by Friday, October 18. Experts anticipate short-term market volatility but remain confident in the medium to long-term prospects of the Indian stock market, supported by steady economic growth, rising retail investor participation, and the beginning of the rate-cut cycle.

Vinod Nair, head of research at Geojit Financial Services, suggests that short-term strategies favoring China over India could be advantageous. However, he emphasizes that India’s long-term outlook remains strong due to stable growth and increased capital expenditure. With a mixed outlook, Nair expects the market to stay range-bound in the short term, advising investors to focus on specific sectors and stocks.

Experts recommend prudent stock selection, focusing on quality, and suggest investing in 12 stocks projected to rise 9-20% over the next three to four weeks.