ITC Hotels to Apollo Tyres, Astral: 10 mid- and small-cap stock picks by ICICI Securities for up to 41% upside potential

ICICI Securities has released its 'Top Fundamental Picks of the Month', identifying 10 mid- and small-cap stocks with expected upside ranging from 16% to 41% based on target prices. Shriram Properties tops the list with a target of around 125 rupees (41% upside), followed by Action Construction Equipment at 1,360 rupees (35% upside) and Astral at 1,830 rupees (34% upside). The picks span sectors including capital goods, healthcare, hotels, banking, auto ancillaries, building materials, real estate and retail, with rationale including strong earnings visibility, structural growth drivers and sector-specific tailwinds.