September 25, 2025 – ICICI Direct has shared its latest research-driven updates on select momentum stocks, advising investors on profit booking and target achievements.
Ashok Leyland Ltd (Momentum Pick)
- Recommendation Date: September 24, 2025
- Recommended Price: ₹136
- Rating: BUY
- Target Price: ₹152
- Update: Stock has moved up to ₹143.6
- Action: Book Profit
ICICI Direct suggests booking profit at current levels after a quick rally, given the strong move towards the target zone.
Tata Steel Ltd (Momentum Pick)
- Recommendation Date: September 24, 2025
- Recommended Price: ₹160
- Rating: BUY
- Target 1: ₹173 (achieved)
- Target 2: Open
- Update: Target 1 achieved
- Action: Investors may hold or book partial profits while awaiting further upside.
Analyst View
According to ICICI Direct’s momentum strategy, both stocks performed in line with expectations within a short time frame. The call to book profit in Ashok Leyland reflects prudent risk management, while Tata Steel’s performance highlights strong sector momentum in metals.
What It Means for Investors
- Ashok Leyland: Short-term traders may exit to secure gains; long-term investors should track auto sector demand recovery before re-entry.
- Tata Steel: With the first target already met, investors may continue holding for additional upside but should remain cautious of global steel price volatility.
Bottom Line
ICICI Direct’s momentum picks – Ashok Leyland and Tata Steel – have delivered quick returns. While profit booking is suggested in Ashok Leyland, Tata Steel’s outlook remains positive after achieving its first target.
📢 Disclaimer
This article is for informational purposes only and is based on research updates from ICICI Direct. Stock market investments are subject to market risks. Readers are advised to consult a SEBI-registered financial advisor or analyst before making any buy/sell decisions.
