Stocks like Tata Consultancy Services i.e. TCS and Bank of Baroda can give you huge returns in the coming time. Yes, ICICI Securities, one of the top brokerage firms in the market, has suggested buying these two stocks. Let us know about these two stocks in detail.
The first stock of ICICI Securities is TCS. The brokerage firm believes that any investor can buy this stock with a stop loss of Rs 3379. Investors can see Rs 3655 as the target price. Let us tell you that TCS company is counted among the giant companies of IT sector.
Financial condition of TCS
If we look at the quarter ending June 30, 2023, TCS company has reported a consolidated total income of Rs 60778 crore, which is 73 percent less than the total income of the last quarter. After paying tax in the latest quarter, the company has booked Rs 11120 crore as net profit.
Bank of Baroda
The second stock of ICICI Securities is Bank of Baroda. Investors can buy this stock with a stop loss of Rs 196. Investors can see Rs 216 as the target price. Let us tell you that Bank of Baroda is present in the banking sector since 1911.
Financial Condition of the Company
If we look at the quarter ending June 30, 2023, the company has reported Rs 33318.13 crore as consolidated total income. Which is about 2.43 percent more than the total income of the last quarter. The company has reported a profit of about Rs 4483.16 crore after paying tax in the latest quarter.