Nuvama Top Stock Picks Best Stocks to Buy ICICI PRUDENIAL AWL and HDFC Life Share. Buy these 3 shares quickly, brokerage has predicted bumper boom

New Delhi. If you are also looking for earning shares in the stock market, then you can invest in ICICI Prudential Life, Edelweiss Agri Business (AWL) and HDFC Life Insurance Shares. Brokerage firm Nuwama Institutional Equities say that there is a possibility of giving excellent returns in these shares. One of these shares can give up to 51% profit in the next 12 months. The stock of ICICI Prudential Life closed two per cent falling on Wednesday, July 16, on Wednesday 16 July. Edelweiss Agri Business also closed in red mark. HDFC Life Insurance Shares also declined.

Nuwama has increased its target price from ₹ 760 to ₹ 770, keeping his ‘bye’ rating on ICICI Prudential Life. This is 15% more than the current price. Q1Fy26 saw a 5% decline on an annual basis in the company’s total annual premium equipment (APE), but the Group APE recorded an increase of 18.9%. The company’s protection segment remained strong, causing the VNB margin to reach 24.5%. Nuwama has hoped to increase by 2.1% by FY28, making a slight change in VNB estimate.

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AWL Agri Business will give the most profits

Nuwama has given a target price of ₹ 397 on the Agri Business Unit AWL of the Edelvis Group, indicating a possible rise of up to 51%. The company recorded a 20% annual revenue growth in Q1Fy26, with a strong performance of the Edible Oil Segment. Ebitda saw a major decline of 41%, due to the increased level of input cost. The company received a commodity derivative gain of ₹ 150 crore. Nuwama said that in view of the weak first quarter, the company’s FY26 and FY27 Ebitda estimates have been cut by 6.8% and 5.3% respectively. Despite this, long -term possibilities in AWL remain strong.

On HDFC Life Insurance Share, Nuwama has retained his ‘bye’ rating and has fixed its target price ₹ 920. It goes 22% from the current price. The company recorded an annual growth of 12.4% in the company’s total APE in the first quarter of the financial year 2026, which was better than Nuwama’s 0.8% estimate.

Both the retail and group business segments of the company equally increased by more than 12%. The VNB margin reached 25.1%. This is 7 basis points higher than last year. The company recorded a VNB of ₹ 810 crore in this quarter, which is 12.7% more on an annual basis. It is 1.9% higher than Nuwama’s estimate.