Stocks to Buy for Long Term: 3 smallcap, 1 midcap, 8 largecap shares analysts are positive on; check out target prices
Shares to Buy for Long Term, Nifty50, Sensex, BSE 500: Dalal Street entered Samvat 2081 on a positive note with a special Muhurat trading session on the day of Diwali 2024. Market bulls are once again on the lookout for largecap, midcap and smallcap stock ideas from a long-term perspective. Here are about a dozen stocks analysts are bullish on. Note down analysts' targets for these stocks.
Shares to Buy for Long Term: Dalal Street entered Samvat 2081 on a positive note after the headline Nifty 50 index rewarded investors with a 24.5 per cent return in Samvat 2080, the year from Diwali 2023 to Diwali 2024. Headline indices Nifty 50 and Sensex finished the Diwali week this year with a gain of about half a per cent, defying a bunch of disappointing corporate results and foreign institutional investors' rapid selling of Indian shares. Main indices' positive performance on the Muhurat trading session was in line with a trend witnessed on several instances in the past years. Market participants are once again scouting for fresh 'buy' ideas to make the most of the current juncture on Dalal Street. Here are about a dozen of analysts' long-term ideas--spanning largecap, midcap and smallcap segments--along with their respective targets.
Largecap Stock to Buy for Long Term | Torrent Pharma
HDFC Securities has an 'add' rating assigned to Torrent Pharma shares with a target price of Rs 3,680 apiece.
As of November 1, the target price implies a potential upside of almost 15 per cent in the largecap pharmaceutical stock.
Smallcap Stock to Buy for Long Term | J Kumar Infraprojects
HDFC Securities has an 'add' rating assigned to J Kumar Infraprojects shares with a target price of Rs 926 apiece.
The target price implies an upside of 17 per cent, as of November 1.
Largecap Stock to Buy for Long Term | Maruti Suzuki India
HDFC Securities has a 'buy' call on Maruti Suzuki India with a target price of Rs 14,300 per share.
Largecap Stock to Buy for Long Term | Marico
HDFC Securities has a 'buy' rating on Marico shares with a target price of Rs 760.
The target suggests an upside of nearly 18 per cent in the FMCG stock.
Largecap Stock to Buy for Long Term | Hitachi Energy India
HDFC Securities holds an 'add' rating on Hitachi Energy India shares with a target price of Rs 14,740 apiece.
The brokerage's target suggests a further upside of 6.0 per cent in the stock.
The stock has already delivered a 154 per cent return on a year-to-date (YTD) basis.
Smallcap Stock to Buy for Long Term | Somany Ceramics
HDFC Securities has a 'buy' call on the Somany Ceramics stock with a target price of Rs 840 apiece.
The target price implies an upside of almost 29 per cent from current levels.
Largecap Stock to Buy for Long Term | Radico Khaitan
HDFC Securities has a 'buy' rating assigned to Radico Khaitan shares with a target price of Rs 2,375 apiece.
Largecap Stock to Buy for Long Term | Aditya Birla Capital
SBI Securities has a 'buy' rating assigned to Aditya Birla Capital shares with a target price of Rs 280 apiece.
The target suggests a 36 per cent potential upside as of November 1.
Smallcap Stock to Buy for Long Term | Restaurant Brands Asia
Sharekhan has a 'buy' rating on Restaurant Brands Asia shares with a target of Rs 117 apiece.
The target suggests a potential upside of 27.5 per cent in the stock.
Largecap Stock to Buy for Long Term | Bharat Electronics
Geojit Financial Services has a 'buy' call assigned to BEL shares with a target price of Rs 323 apiece.
Midcap Stock to Buy for Long Term | Birla Corporation
ICICI Direct has a 'buy' call on Birla Corporation shares with a target price of Rs 1,375 apiece.
Largecap Stock to Buy for Long Term | JK Cement
ICICI Direct has a 'buy' rating assigned to the cement maker with a target price of Rs 5,060 per share.
The target suggests a potential upside of 17 per cent.