7 Stocks to Buy for Long-term: Brokerages say these shares can give you up to 28% returns
BSE Sensex and Nifty 50 are trading in positive territory on Monday. Amid a positive start to the week, investors are seeking opportunities to make profits. Ahead of the week, brokerages such as Axis Direct Securities, Geojit BNP Paribas, ICICI Direct, BoB Capital Markets, Edelweiss, and KRChoksey have picked a total of 7 stocks, including Coforge, Coal India, Ajanta Pharma, IndusInd Bank, and more. Let's know their calls and share target prices.
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Coforge Ltd
Axis Direct Securities has given a 'buy' call on the firm. Its target for the stock is Rs 5,585, which is an upside of 24.61% from Coforge's closing price of Rs 4,481.75 on Friday.
SIS Ltd
Axis Direct has a 'buy' stance on SIS Ltd. It has given a target price of Rs 540 for the stock, which is 18.98% more than its closing price of Rs 453.85 on Friday.
Federal Bank Ltd
Axis Direct's third pick is Federal Bank.The brokerage has given a 'buy' call on the stock with a target price of Rs 205, a 23.53% upside from the stock's closing price of Rs 165.95 on Friday.
Coal India
The brokerage has given a 'buy' call on the PSU stock. The target price for the stock is Rs 505, a 5.98% upside from its closing price of Rs 474.80 on Friday.
Equitas Small Finance Bank
Geojit BNP Paribas has given a 'buy' call on the small finance bank. It has given a target price of Rs 115.00, which is 27.18% more than its closing price of Rs 94.43 on Friday.
Can Fin Homes Ltd
Edelweiss has a 'buy' stance on the firm. Its target for the stock is Rs 900.00, an upside of 17.13% from its Friday's closing price of Rs 768.40.
Ajanta Pharma Ltd
BoB Capital Markets and ICICI Direct both brokerages have picked the pharma stock with a 'buy' call each. While ICICI Direct's target for the stock is Rs 2,875.00, an 20.95% upside from Friday's closing price, BoB Capital Markets' target price is Rs 2,585.00, an 8.75% jump from its Friday's closing price.
IndusInd Bank Ltd
Brokerage KRChoksey has given a 'buy' call on the firm. Its target for the lender's stock is Rs 1,850.00, a 24.77% upside from the closing price of Rs 1,482.70 on Friday.