ICICI Securities recommends you buy these shares

Retail brokerage ICICI Securities has come up with a list of stocks to purchase to benefit from this sharp downturn in equities which has seen the Nifty fall more than 11 percent since August 11th as a global sell-off in risk assets hit stock prices.

ICICI Securities says investors should buy into these shares for a period of 2-3 years as this fall had created an attractive price opportunity in such companies. Purchases, if any, should be made in a staggered manner to benefit from volatile movements.

The brokerage continues to be positive on Auto, Cement and Capital Goods sectors and negative on Metals, Oil/gas and Realty sectors.

The 10 companies are:

NAME: RECOMMENDED PRICE RANGE

Ajanta Pharma: `1,370-1,400

United Spirits: 3,150-3,200

Idea Cellular: `148-154

Kansai Nerolac: `220-230

Larsen & Toubro: `1,570-1,630

NBCC: `880-920

Maruti Suzuki: `4,100-4,200

Mahindra CIE: 245-255

Infosys: 1,060-1,080

MindTree: 1,240-1,280

Image credit: Indiatimes