Stocks to Buy for Long Term: 1 smallcap, 3 midcap, 8 largecap stocks analysts are betting on now; note down targets for your portfolio
Shares to Buy for Long Term: With the Sensex and the Nifty50 about five per cent below their all-time highs, are there any fresh opportunities for your long-term portfolio on Dalal Street? Here are a few stocks that analysts at several brokerages are banking on from a long-term perspective.
Shares to Buy for Long Term: Domestic equity benchmarks Sensex and Nifty50 suffered steep losses last week after a relentless near-one-way rally that stunned investors for many weeks. The question is: have the Sensex and Nifty50's moves to retreat about 5 per cent each from their all-time highs created fresh long-term opportunities for investors? Here are more than 10 stocks spanning a diverse set of business areas—and largecap and midcap segments—that analysts are betting on from a long-term perspective.
Largecap Stock to Buy for Long Term | ICICI Prudential
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 Stock to Buy for Long Term | IPCA Labs
HDFC Securities has a 'buy' call on Thangamayil Jewellery with a target price of Rs 2,550.
Largecap Stock to Buy for Long Term | 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.
Largecap Stock to Buy for Long Term | Petronet LNG
Emkay has a 'buy' call on Petronet LNG.
The brokerage's target stands at Rs 425 for the stock.
Largecap Stock to Buy for Long Term | 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.
Smallcap Stock to Buy for Long Term | V2 Retail
Nuvama has a 'buy' rating assigned to V2 Retail with a target price of Rs 1,754.
The brokerage's target implies a potential upside of 28 per cent in the stock, as of October 4.
According to Nuvama, value retailing in India is undergoing a paradigm shift led by consumers being more discerning and aspirational, and hence the need for:
--better shopping experience (shift from unorganised to organised)
--fashionable product (fast fashion)
--better value proposition (affordability)
--increasing wardrobe size
Largecap Stock to Buy for Long Term | Nestle India
Axis Securities has Nestle India among its top picks for the month, with a target price of Rs 2,960.
Largecap Stock to Buy for Long Term | Prestige Estates Projects
Axis Securities has Prestige Estates Projects among its top picks for October 2024.
The brokerage has a target price of Rs 2,195 assigned to the real estate developer's stock.
Largecap Stock to Buy for Long Term | Polycab India
Hem Securities has a 'buy' call on Polycab India shares with a target price of Rs 8,427.
Midcap Stock to Buy for Long Term | Man Infraconstruction
Hem Securities has a 'buy' call assigned to Man Infraconstruction shares.
The brokerage has a target price of Rs 240 for the stock, which suggests an upside of 26 per cent from its current levels.
Hem Securities buy 240
Midcap Stock to Buy for Long Term | JKumar Infraprojects
Axis Securities has JKumar Infraprojets among its top picks for the month.
The brokerage has placed its target price for the stock at Rs 950.
Midcap Stock to Buy for Long Term | Navin Fluorine
HDFC Securities has a 'buy' call on Navin Fluorine International shares with a target price of Rs 4,044 apiece.