Stocks to buy for long term: Brokerages bullish on these 15 large cap and 6 mid cap shares; note down targets
Stocks to buy, large cap stocks, mid cap stocks, share price targets, brokerage calls: Indian stock indices BSE Sensex and Nifty 50 ended a volatile session on Monday (July 29m 2024) on a low note after clocking fresh all-time highs. Sensex ended the trading session flat with minor gains of 0.028 per cent at 81,355.84, which was an over 550 point crash from the day's high. Likewise, Nifty 50 ended up by 0.005 per cent at 24,836.1. Ahead of such record highs, brokerages have selected a number of stocks such as ICICI Bank, SBI Card, Rec Ltd., Punjab National Bank, Power Grid Corporation of India, and IDFC First Bank. In this write-up, know brokerage calls and share price targets.
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Jefferies on ICICI Bank (CMP 1207)
Jefferies has maintained a 'buy' stance on ICICI Bank, raising its target to Rs 1,460 from Rs 1,350.
Jeffereis on Punjab National Bank (CMP 120)
Jeffereis has maintained a 'buy' stance on the PSU bank, raising its share price target to Rs 150 from Rs 145.
Edelweiss on Home First Finance
Edelweiss has a 'buy' call on Home First Finance with a share price target of Rs 1,220.00, an upside of 13.27 per cent.
Goldman Sachs on Dr Reddy’s Laboratories (CMP 6879)
Goldman Sachs has maintained a 'neutral' call on the pharma giant, raising its target to Rs 6,625 from Rs 5,885.
CLSA on Power Grid Corporation (CMP 344)
CLSA has maintained an 'outperform' rating on Power Grid, raising its target to Rs 369 from Rs 345.
Edelweiss on City Union Bank
Edelweiss has a 'buy' stance on City Union Bank with a share price target of Rs 185.00, an upside of 9.19 per cent.
Morgan Stanley on SBI Cards (CMP 722)
It has maintained an 'equalweight' rating on SBI Card, cutting its target to Rs 700 from Rs 750.
CLSA on REC (CMP 626)
CLSA has maintained an 'outperform' stance on REC, raising its target to Rs 680 from Rs 595.
JP Morgan on Bandhan Bank (CMP 192)
The brokerage has maintained an 'overweight' stance on Bandhan Bank with a share price target of Rs 260.
Goldman Sachs on Cipla (CMP 1575)
Goldman Sachs has maintained a 'sell' stance on Cipla, raising its target to Rs 1,400 from Rs 1,350.
Morgan Stanley on Shriram Finance Ltd (CMP 2925)
Morgan Stanley has maintained an 'overweight' rating on Shriram Finance, raising its target to Rs 3,660 from Rs 3,325.
Macquarie on Ultratech Cement (CMP 11673)
Macquarie has maintained a 'neutral' stance on Ultratech Cement with a share price target of Rs 11,014.
Citi on InterGlobe Aviation (CMP 4493)
Citi has maintained a 'buy' stance on InterGlobe Aviation, raising its target to Rs 5,200 from Rs 5,100.
Jefferies on IDFC First Bank (CMP 74)
Jefferies has maintained a 'buy' call on IDFC First Bank, raising its target to Rs 95 from Rs 100.
Morgan Stanley on Cholamandalam Investment (CMP 1411)
Morgan Stanley has maintained an 'equalweight' rating on Cholamandalam Investment, raising its target to Rs 1,440.
Yes Securities on Amber Enterprises India Ltd (CMP: Rs 4,380)
Yes Securities has recommended 'adding' this mid-cap stock. It has given a share price target pf Rs 4,908, with a potential return of 12.1 per cent.
Yes Securities on TTK Prestige (CMP: Rs 922)
The brokerage has a 'neutral' stance on TTK Prestige with a share price target of Rs 978, an upside of 6.1 per cent.
Jefferies on Bharat Electronics (CMP Rs 321)
Jefferies has maintained a 'buy' rating on BEL, raising its share price target to Rs 370 from Rs 305.
JM Financial on ASK Automotive
JM Financial has a 'buy' rating on this mid-cap stock with a share price target of Rs 475
Jefferies on Navin Fluorine ( CMP 3771)
Jefferies has downgraded the mid-cap stock to 'underperform' from 'hold', cutting its target to Rs 3,000 from Rs 3,070.
Jefferies on Varun Beverages (CMP 1577)
Jefferies has maintained a 'buy' call on the large-cap stock, raising its target to Rs 1,800 from Rs 1,690.