From Pharma to Telecom: Analysts suggest these stocks from different sectors; here are details
On Friday, August 23, 2024, domestic headline indices ended on a flat note, with Sensex was closed at 81,086, up 33 points or 0.04 per cent, while the Nifty50 index is up 11 points or 0.05 per cent at 24,823.
As participants on Dalal Street prepare for the start of a new trading week, analysts have handpicked a few stocks with promising long-term potential. This diverse list includes companies from various sectors such as pharmaceuticals, metals, mining, telecom, and FMCG, reflecting a broad spectrum of investment opportunities.
Previous market summary; Auto, telecom top gainers
On Friday, August 23, 2024, domestic headline indices ended on a flat note, with Sensex was closed at 81,086, up 33 points or 0.04 per cent, while the Nifty50 index was up 11 points or 0.05 per cent at 24,823. Moreover, automobile, and telecom sector stocks are top gainers such as ICICI Bank, Bajaj Auto, Bharti Airtel, and Tata Motors, on the other hand, IT sector stocks are losers, dragged by 0.14 per cent, including Infosys, and TCS.
Brokerages suggest buying largecap, midcap, smallcap stocks
Analysts from domestic brokerage, Axis Securities have handpicked several major stocks from largecap, midcap, and smallcap categories.
Here's a list of the stock recommendations along with their targets:
Index comparison: Nifty Pharma vs Nifty 50
Nifty 50 vs Nifty Pharma:
The Nifty Pharma index (blue) surged 48 per cent in the last year, outperforming the Nifty50 index (violet). Meanwhile, the 50-share index gained 28 per cent.
Pharma sector stock picks: Lupin
Axis Securities has a 'buy' call on Lupin shares with a target of Rs 2,200.
Pharma sector stock picks: KIMS
Axis Securities recommends buying KIMS shares for a target of Rs 2,500.
Pharma sector stock picks, Aurobindo Pharma
Axis Securities suggests buying the Aurobindo Pharma stock for a target of Rs 1,612.
Telecom sector stock picks: Bharti Airtel
Axis Securities has a 'buy' call on Bharti Airtel shares for a target of Rs 1,660.
Retail sector stock picks: Trent
Axis Securities has recommended buying Trent shares for a target of Rs 7,000.
Retails sector stock picks: Westlife Foodworld
Axis Securities has a 'buy' rating on the Westlife Foodworld stock with a target of Rs 915.
Retail sector stock picks: Ethos
Axis Securities suggests buying Ethos shares for a target of Rs 3,600.
Index comparison: Nifty FMCG vs Nifty 50
The Nifty FMCG index (blue) has increased by 21.9 per cent in over a year, while Nifty50 (violet) surged 28 per cent.
FMCG sector stock picks: Nestle India
Axis Securities has a 'buy' call on Nestle India shares with a target of Rs 2,800.
Axis Securities recommends buying Varun Beverages shares with a target of Rs 1,800.
FMCG sector stock picks: Jyothi Labs
Axis Securities has a 'buy' call on Jyothi Labs shares with a target of Rs 600.
FMCG sector stock picks: DOMS
The brokerage also recommended buying the DOMS stock for a target of Rs 2,620.
Index comparison: Nifty IT vs Nifty 50
The Nifty IT index (blue), up 32.1 per cent in over a year, outperforming the Nifty50 index (violet).
IT sector stock picks: KPIT Tech
Axis Securities suggests buying KPIT Technologies shares for a target of Rs 2,150.
IT sector stock picks: Persistent Systems
Axis Securities has suggested buying Persistent Systems shares for a target of Rs 5,410.
Nifty Metal index: Past performance
The Nifty Metal index gained 40.7 per cent in the last one year.
Metal, Mining sector stock picks: Hindalco Industries
The brokerage has recommended buying Hindalco Industries shares for a target of Rs 715.
Metal, Mining sector stock picks: Coal India575
Analysts recommend buying the Coal India stock for a target of Rs 575.
Metal, Mining sectors stock picks: JTL Industries
Axis Securities suggests buying JTL Industries shares for a target of Rs 260.
Infrastructure sector stock picks
The brokerage has recommended buying three infrastructure stocks from a perspective of long term.
Infrastructure sector stock picks: HGIEL
Analysts recommend buying H.G. Infra Engineering Ltd (HGIEL) shares for a target of Rs 1,800.
Infrastructure sector stock picks: J K Infra
The brokerage recommends buying J Kumar Infraprojects shares for a target of Rs 950.
Infrastructure sector stock picks: GRIL
Axis Securities has recommended buying G R Infraprojects Ltd (GRIL) shares for a target of Rs 1,820.
Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.