ICICI Securities flags ITC Hotels, Bluestone among mid/small-cap picks with up to 41% upside
ICICI Securities' monthly conviction list features consumer-facing names ITC Hotels (TP ₹220, 23% upside on asset-light expansion and RevPAR growth) and digital-first jeweller Bluestone (TP ₹700, targeting 50% revenue CAGR through FY30), alongside Apollo Tyres, Astral and Narayana Hrudayalaya over an FY26-FY30 horizon.
ICICI Securities' monthly picks include consumer-facing names ITC Hotels (asset-light expansion, RevPAR growth) and digital-first jeweller Bluestone (50% revenue CAGR target), plus Apollo Tyres, relevant to India hospitality, jewellery retail and mobility-retail operators.