Looking for long-term investment ideas? Bajaj Auto, Hatsun Agro, S H Kelkar, 7 other stocks analysts are bullish on
Brokerages have shared a bunch of stocks suitable for long-term investment. These 11 stocks belong to various sectors, such as automobiles, IT, financial services, and consumer goods.
As Dalal Street enters a new earnings season, brokerages such as ICICI Securities, Axis Securities, HDFC Securities and Motilal Oswal have 'buy' ratings on a bunch of stocks from a long-term perspective. Here's a list of 10 stocks, from various sectors such as automobiles, financial services, IT and consumer durables, that brokerages are bullish on.
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult their investment advisers before making any financial decision.)
Buy Lupin stock: Axis Securities
Axis Securities has maintained a 'buy' call on the Lupin stock with a target of Rs 1,770 per share.
Buy Hatsun Agro stock: ICICI Securities
ICICI Securities recommends buying Hatsun Agro Products shares for a target of Rs 1,190. As of April 24, 2024, the target implies a 6.8 per cent upside in the stock.
HDFC AMC stock: KRChoksey
KRChoksey has a 'buy' call on HDFC AMC with a target of Rs 4,235 per share. The target implies an upside of 16.2 per cent in the stock.
Buy Gujarat State Petronet Stock: MOFSL
Motilal Oswal Financial Services has a 'buy' rating on Gujarat State Petronet Ltd (GSPL) for a target of Rs 355. The target implies an upside of 17.7 per cent.
Buy Honasa Consumer stock: Emkay
Emkay suggests buying the Mamaearth parent company stock for a target of Rs 500. The target implies an upside of about 14 per cent.
Buy Coal India stock: Anand Rathi
Anand Rathi has a 'buy' rating on Coal India with a target of Rs 520 per share. The target suggests an upside of 17.9 per cent in the stock.
Buy Thomas Cook stock: HDFC Securities
HDFC Securities has recommended buying the Thomas Cook stock for targets of Rs 221 and Rs 237.5 from a perspective of 2-3 quarters. The brokerage also suggests adding the stock on dips to Rs 175-180 levels.
Buy Bajaj Auto Stock: KRChoksey
KRChoksey has recommended buying the Bajaj Auto stock for a target of Rs 10,263.
Buy S H Kelkar Stock: HDFC Securities
HDFC Securities has recommended buying the S H Kelkar shares at Rs 202-206 levels for base- and bull-case targets of Rs 223.5 and and Rs 241.5 from a perspective of 2-3 quarters. The brokerage believes that the company is well-positioned to benefit from the growing demand in its target markets and to stage a strong financial performance in the coming years.
Buy Persistent Systems shares: Axis Direct
Axis Direct has recommended buying Persistent Systems shares for a target of Rs 4,350 apiece. Persistent Systems is experiencing positive growth across different areas, has a strong pipeline of potential deals, and expected to sutain momentum with stable margins, according to the brokerage.