Shares to Buy for Long Term: 3 midcap, 9 largecap stocks among analysts' favourites now; note down target prices for your portfolio

Stocks to Buy for Long Term: Domestic equity benchmarks suffered sharp losses in the holiday-truncated trading week from September 30 to October 4, logging losses of 1 per cent or more on 3 out of the 4 trading sessions, as investors globally weighed incoming news headlines from the Middle East after Iran launched ballistic missile strikes on Israel. The Sensex lost 3,883.4 points, or 4.5 per cent, and the Nifty50 gave up 1,164.4 points, or 4.4 per cent, for the week. All sectoral indices suffered blows in a market-wide where financial, energy, auto, and realty shares were the worst hit. 

At the current levels, both indices have retreated about 5.0 per cent from their all-time highs of September 27 (Friday).

Are there any long-term buying opportunities to tap the correction on Dalal Street now? 

Here are 12 stocks from a diverse set of business areas—spanning largecap and midcap segments—that analysts are betting on from a long-term perspective:

Largecap Long-term Stock Idea | ICICI Prudential Life Insurance Company

Sharekhan has a 'buy' rating assigned to the private sector life insurer's stock with a target price of Rs 920. 

As of October 4, the target implies an upside potential of 21.5 per cent in the stock at its current market price. 

Largecap Long-term Stock Idea | Coal India Ltd (CIL)

Emkay has a 'buy' rating on Coal India with a target price of Rs 600, which suggests an upside of 20.7 per cent at the current level. 

Largecap Long-term Stock Idea | Petronet LNG

Emkay has a 'buy' call on Petronet LNG with a target price of Rs 425. 

Largecap Long-term Stock Idea | Jindal Steel & Power Ltd (JSPL)

Motilal Oswal Financial Services has a 'buy' rating assigned to JSPL.

MOFSL's target price, for the stock, stands at Rs 1,200.

Largecap Long-term Stock Idea | ICICI Bank

Axis Securities has ICICI Bank among its top picks for October 2024. 

The brokerage has a target price of Rs 1,425 assigned to the private sector banking stock. 

The target implies an upside of 15 per cent in ICICI Bank shares. 

Largecap Long-term Stock Idea | Nestle India

Axis Securities has Nestle India among its top picks for the month, with a target price of Rs 2,960. 

Largecap Long-term Stock Idea | Prestige Estates Projects

Axis Securities has the real estate developer's stock among its top picks for October 2024. It has a target of Rs 2,195 assigned to the PRESTIGE stock. 

Midcap Long-term Stock Idea | JKumar Infraprojects

Axis Securities also has JKumar Infraprojets among its top picks for the month, with a target price of Rs 950 which suggests an upside of 27 per cent. 

Largecap Long-term Stock Idea | Kalpataru Projects International Ltd (KPIL)

Sharekhan has a 'buy' rating assigned to Kalpataru Projects International with a target price of Rs 1,570. 

Sharekhan's target suggests an upside of 15.6 per cent. 

Largecap Long-term Stock Idea | IPCA Labs

Sharekhan has a 'buy' rating assigned to IPCA Labs with a target of Rs 1,734. 

Midcap Long-term Stock Idea | Nazara Tech

Prabhudas Lilladhar has a 'buy' rating assigned to Nazara Technologies with a target price that implies a 23.6 per cent upside in the stock from its current level.

The brokerage's target for IPCA Labs stands at Rs 1,185. 

Midcap Long-term Stock Idea | Thangamayil Jewellery

HDFC Securities has a 'buy' call on Thangamayil Jewellery with a target price of Rs 2,550. 

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