Looking for long-term ideas for your portfolio? Here is a list of 12 stocks that analysts are upbeat about

With benchmark indices Sensex and Nifty50 reaching new milestones every other day, investors are looking for opportunities to grow their wealth on Dalal Street. Here’s a list of stocks that many analysts are bullish on from a long-term perspective, each backed by thorough research and analysis. These stocks belong to various industries and sectors, such as cement, pharmaceuticals, power, engineering and capital goods, to give you a diverse set of ideas for your portfolio.

Birla Corporation:

HDFC Securities has maintained a ‘buy’ rating on Birla Corporation with a target range of Rs 1,725-1,760 over a horizon of 2-3 quarters. Investors can also adopt an ‘add on dips’ strategy on the stock at Rs 1,556-1,588 levels.

Rationale: According to the brokerage, a combination of higher sales volumes and low cost of production is expected to aid the company’s propfitability.

Marksans Pharma:

HDFC Securities has retained a ‘buy’ call on Marksans Pharma shares with a target of Rs 158-161 from a perspective of 2-3 quartrs. The brokerage expects strong revenue and steady margins to drive a CAGR of 20.3 per cent in net profit for the pharmaceutical company between FY23 and FY26.

Rationale: According to the brokerage, the drug maker’s operating margin is expected to remain strong at about 22 per cent led by factors such as normalisation of operating expenses, balanced focus of both OTC and prescription segments, and backward integration (API filings).

HDFC Securities estimates the company to register a CAGR of 16 per cent in revenue led by strong growth from the UK and US markets over FY23-26E.

Manappuram Finance:

Geojit Financial Services has reiterated a ‘buy’ rating on the NBFC stock with a target of Rs 215. The brokerage expects the financial services firm to address the short-term challenges related to rising borrowing and credit costs by expanding its AUM mix, particularly in the non-gold segment, and enhancing asset quality.

Geojit remains bullish on Manappuram Finance’s long-term growth prospects, with additional support anticipated from the potential reduction in auction surplus requirements, pending RBI approval, which would aid future expansion plans.

Triveni Turbine:

Sharekhan kept a ‘buy’ call on Triveni Turbine with a target price of Rs 550.

Rationale: According to the brokerage, the stock is expected to be on a high-growth trajectory on the back of strong order inflows and a promising inquiry pipeline.

SBI:

Sharekhan has recommended a ‘buy’ call on State Bank of India shares with a target price of Rs 915.

Rationale: SBI needs to ramp up other avenues of productivity, such as fee income and opex, to drive RoA/RoE expansion, which may also help the lender in building up higher capital buffers through internal accruals, according to the brokerage.

Savita Oil Technologies:

HDFC Securities continued with a ‘buy’ call on Savita Oil Technologies Ltd (SOTL) shares with a target of Rs 440-450 with a time frame of two to three quarters. Investors can even buy the stock on dips to levels of Rs 397-405.

Rationale: The brokerage expects a recovery in the auto industry to aid improvement, and benefits accruing from stable global base oil prices and potential of increased market share due to consumer shift towards organised sector, to aid improvement in both volumes and realisations for the company.

Saregama:

HDFC Securities has a ‘buy’ call on Saregama with a target price of Rs 395-405 from a perspective of 2-3 quarters.

Rationale: According to the brokerage, the music company is estimated to produce 60 new films and web series for various digital platforms over the next 2-3 years.

Jash Engineering Ltd (JEL):

HDFC Securities has a ‘buy’ call on Jash Engineering Ltd (JEL) for targets of Rs 1,671-1,705 per share over a horizon of 2-3 quarters. Investors ma even add the stock on dips at Rs 1,504-1,535 apiece, according to the brokerage.

Rationale: The company has a strong order book of Rs 851 crore, as of the quarter ended December 31, 2023, executable over the next 4-6 quarters, and though the stock has run up, it may continue to outperform the market given the company’s leadership position and the scope of the industry.

Kalpataru Projects:

Sharekhan has a ‘buy’ call on Kalpataru Projects International shares with a target price of Rs 1,140 apiece.

Rationale: According to the brokerage, the cost synergies from the JMC Projects merger, enhancement of its capabilities to bid for large projects and increased scope of its key markets bode well for growth in Kalpataru.

Automotive Axles:

HDFC Securities has a ‘buy’ call on Automotive Axles Ltd stock with targets of Rs 2,330-2,375.

Rationale: The brokerage expects AAL to register a CAGR of 11 per cent, 14 per cent and 18 per cent in revenues, EBIDTA and PAT over FY23–25E, respectively.

Strong growth in CV over the next couple of years is estimated to boost the company’s profitability, according to the brokerage.

Narayana Hrudayalaya:

HDFC Securities has retained a ‘buy’ call on the Narayana Hrudayalaya stock for targets of Rs 1,342 and Rs 1,358 from a perspective of 2-3 quarters, and suggests investors add more on dips to Rs 1,211 per share.

Rationale: NHL received a license from insurance regulator IRDAI to launch a health insurance business in the country, the brokerage points out.

The company has taken significant strides towards diversifying its portfolio, according to HDFC Securities.

eClerx:

HDFC Securities has a ‘buy’ call on eClerx Services with targets of Rs 2,181 and Rs 2,225 from a perspective of 2-3 quarters, and suggests investors add the stock to their portfolio on dips to Rs 1,977-2,017 apiece.

Rationale: According the brokerage, eClarx is set to increase its growth because of its new CEO, Kapil Jain, who has experience in sales, consulting, product development and technology transformation, and has overseen substantial scale in the BPM business.

Jain’s experience will help in driving growth and improving operational management for eClerx, according to the brokerage.

(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.)