Looking for stocks to buy post-Budget? Analysts positive on 1 midcap, 6 largecap stocks; note down targets

With two major events of the year now behind, the general election as the Union Budget, many investors are on the lookout for equity options for long-term growth on Dalal Street. Analysts are upbeat on several sectors, including IT and FMCG.

Several brokerages - domestic and foreign - are positive on six largecap stocks and one midcap scrip from a long-term perspective.

Here's the list:

Cyient DLM

LKP Securities is positive on Cyient DLM shares due to the company's parent support, established client relationships, order book, order inflows, and specialised capabilities in high-growth areas. The brokerage has maintained a 'buy' call on the stock with a target of Rs 740 from a perspective of 12 months.

ICICI Prudential

As a major insurance company reported its net profit during the June 2024 quarter, analysts have mixed ratings ratings. Two brokerages, Jefferies and HSBC have maintained a 'buy' call on ICICI Prudential shares with a target of Rs 750, while CLSA has maintained a 'hold' call on the stock with a target of Rs 690 revised from Rs 650. Moreover, Morgan Stanley has maintained an 'equal-weight' rating on the stock with a target of Rs 610.

Three brokerages, Goldman Sachs, Citi, and Macquarie have maintained a 'neutral' rating ICICI Pru with a target of Rs 605, Rs 670, and Rs 580, respectively.

JM Financial has recommended buying the life insurance provider company stock with a one-year target of Rs 736.

Coforge

Analysts have mixed ratings on the IT company shares, Coforge. Jefferies has maintained an 'underperform' rating on the stock with a revised target of Rs 5,180 from 4,290, while JPMorgan, on the other flip, has maintained an 'overweight' on the stock with a target of Rs 6,900.

Nomura has maintained a 'buy' call on Coforge shares with a target of Rs 6,730. Citi, on the other side, has maintained a 'sell' call on the stock with a target of R 5,100. Meanwhile, JM Financial has maintained a 'buy' call with a target of Rs 6,770 from a perspective of 12 months.

Hindustan Unilever Ltd (HUL)

Axis Securities has maintained a 'buy' call on Hindustan Unilever Ltd (HUL) shares with a target of Rs 3,030.

Here's what global brokerages make of this major FMCG stock:

M&M Financial

Despite, the Mahindra group company, M&M Financial reported an increase in net profit during the June 2024 quarter of 45 per cent at Rs 513 crore, analysts maintained their ratings on the company's stock. Jefferies has maintained a 'hold' call on M&M Financial shares with a target of Rs 305, while Citi has maintained a 'neutral' rating on the stock with a target of Rs 310. JPMorgan has maintained an 'underweight' rating on the stock with a target of Rs 250, while CLSA has maintained an 'outperform' rating with a target of Rs 340.

Additionally, Morgan Stanley has maintained an 'equal-weight' rating on M&M Financial shares with a target of Rs 300.

Kajaria Ceramics

JM Financial and Jefferies have recommended buying the stock for a one-year target of Rs 1,590. Similarly, Goldman Sachs has maintained a 'buy' call with a target of Rs 1,500.

Bajaj Finance

Axis Securities has recommended buying Bajaj Finance shares for a target of Rs 7,850.

Here's what global brokerages make of Bajaj Finance shares: