Stocks to Buy for Long Term: More than 2 dozen largecap, midcap & smallcap shares analysts like now; note down 1-year targets
Stocks to buy for long term: With headline indices Sensex and Nifty50 at record highs once again, investors are on the lookout for stock picking opportunities on Dalal Street. Here's a list of stocks that analysts are betting on at the current juncture.
Stocks to Buy for Long Term: Investors are once again scouting for long-term stock-picking opportunities on Dalal Street with the Nifty50 having retreated from unprecedented following a rare 14-day winning streak. Many analysts say that with the earnings season behind, the focus will remain on institutional fund flows and global cues for now, with all eyes on a key rate decision by the Fed Chair-led FOMC this month.
Fed Chair Jerome Powell's dovish remarks last month at the highly anticipated Jackson Hole symposium cemented hopes of a rate cut at a scheduled review by the FOMC, its rate-deciding panel, due next month. The annual Jackson Hole event, held in Wyoming, United States, typically has the cream of the world's economists, policymakers, and financial experts in attendance.
Here are a few stocks that analysts are betting on at the current juncture on D-Street:
Stocks to buy for long term: Largecap, midcap, smallcap scrips in focus
Analysts from various brokerages have a range of stocks on their radar, covering large-cap, mid-cap, and small-cap segments.
1. HCLTech | Largecap
Motilal Oswal Financial Services has a 'buy' rating on HCLTech with a target price of Rs 2,000.
As of August 30, the target suggest a potential upside of 14.1 per cent in the stock.
The tech firm's go-to-market (GTM) strategy, which combines its IT services and ER&D business offerings, gives it an edge over its peers, according to the brokerage.
2. Maruti Suzuki India | Largecap
MOFSL has a 'buy' rating on Maruti Suzuki India with a target of Rs 15,160.
As of August 30, the target suggests an upside of 22 per cent in the stock.
3. Arvind Fashions | Midcap
Anand Rathi has a 'buy' call on Arvind Fashions shares with a target price of Rs 689, which implies an upside of 29.4 per cent.
4. Nippon Life India Asset Management
Sharekhan has a 'buy' rating on Nippon Life India Asset Management with a target price of Rs 840, positive on the sectoral tailwinds for the company. As of August 29, the target implies a potential upside of 24 per cent above the current market price.
According to the brokerage, the stock trades at an EPS multiple of 34.1 times FY2025 estimates. Mutual fund flows are growing strongly largely due to a buoyant market and higher retail participation, with equities and ETFs accounting for the incremental rise in overall assets reflecting the increasing risk appetite and the need for diversification from retail investors.
5. Blue Dart Express | Midcap
Motilal Oswal Financial Services has a 'buy' rating on Blue Dart Express with a target price of Rs 9,500. As of August 29, the target suggests an upside of 17 per cent.
6. CESC | Largecap
Sharekhan has a 'buy' rating on the power utility stock with a target price of Rs 236 apiece, citing the prospect of capacity addition in renewable energy driving growth.
7. L&T Technology Services (LTTS) | Largecap
Motilal Oswal Financial Services has a 'buy' rating on L&T Technology Services shares with a revised target of Rs 6,300 instead of the Rs 5,950 earlier. At Tuesday's closing price, the new target implies an upside of 15 per cent in the stock.
8. JK Cement Share Price Target | Largecap
Axis Securities has a 'buy' call on the cement manufacturer with a target price of Rs 4,920.
9. Astra Microwave Products | Smallcap
Geojit Financial Services has an 'accumulate' rating on the stock, citing an improving order book, with a target price of Rs 976.
10. Cipla Share Price Target | Largecap
Axis Securities has a 'buy' rating on Cipla with a target price of Rs 1,735.
11. UNO Minda Share Price Target | Largecap
KRChoksey has an 'accumulate' call on UNO Minda shares with a target price of Rs 1,232.
12. Kaynes Tech Share Price Target
Motilal Oswal Financial Services has a 'buy' rating on Kaynes Technologies shares with a target price of Rs 6,000 apiece.
13. Mankind Pharma Share Price Target
MOFSL has a 'rating' Mankind Pharma with a target price of Rs 2,760 apiece.
14. MedPlus Health Share Price Target | Midcap
Edelweiss has initiated coverage on MedPlus Health Services with a target price of Rs 905 apiece.
15. Somany Ceramics | Smallcap
ICICI Securities has a 'buy' rating on Somany Ceramics, which implies it expects a potential upside of at least 15 per cent in the stock. As of August 23, the decor solutions stock stood at Rs 737.3 apiece on BSE.
ICICI Securities' 3 top picks in healthcare space
The brokerage's top healthcare picks are: KIMS, Metropolis, and Thyrocare.
16. Grasim Industries
Geojit Financial Services has a 'buy' rating on Grasim Industries with a target price of Rs 3,058.
17. Pitti Engineering Share Price Target | Smallcap
Axis Securities has a 'buy' call on the engineering product maker's stock with at target of Rs 1,321 per share.
18. Zomato
Motilal Oswal Financial Services has a 'buy' call on Zomato with a target price of Rs 300.
19. Royal Orchid Hotels Share Price Target | Smallcap
Nuvama has a 'buy' rating on Royal Orchid Hotels shares with a target price of Rs 477 apiece. As of August 26, the brokerage's target implies an upside of 31.5 per cent in the stock.
20. Godrej Consumer Products Share Price Target | Largecap
KRChoksey has an 'accumulate' rating on Godrej Consumer Products shares with a target of Rs 1,541 apiece. As of August 26, the target implies an upside of 6.0 per cent.
21. Dr Reddy's Labs Share Price Target | Largecap
Geojit Financial Services has a 'hold' rating on DRL shares with a target of Rs 7,474 apiece. As of August 26, the brokerage's target suggests an upside of 7.6 per cent in the pharma stock.
22. Ami Organics Share Price Target
KRChoksey has an 'accumulate' rating on the specialty chemicals manufacturer with a target price of Rs 1,374 per share. As of August 26, the target implies an upside of 5.0 per cent in Ami Organics shares.
23. MCX Share Price Target
HDFC Securities has a 'buy' call on MCX shares with a target price of Rs 6,000.
As of August 27, the target suggests a potential upside of 23.6 per cent in the exchange's stock.
24. Aether Industries Share Price Target
HDFC Securities has a 'buy' rating assigned to the specialty chemicals stock shares with a target price of Rs 1,117.
25. Mahanagar Gas Ltd (MGL) Share Price Target
HDFC Securities has a 'buy' rating on MGL with a target price of Rs 2,090.
As of August 27, the brokerage's target implies an upside of 17.5 per cent in the stock.
Disclaimer
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