Stocks to buy: Nippon AMC, Cyient, Schneider Electric among analysts' long-term investment ideas
Here is a list of 6 stocks on 'buy' lists, including Nippon AMC, Cyient, IRM Energy and Schneider Electric Infra.
As Dalal Street takes a breather after breaking a chain of records, analysts have identified a few investment ideas for the long term. Here is a list of 6 stocks on their 'buy' lists, including Nippon AMC, Cyient, IRM Energy and Schneider Electric Infra.
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult their investment advisers before making any financial decision.)
Nippon AMC
BOB Capital Markets has a 'buy' call on Nippon AMC, its top pick in the space, with a target of Rs 513.
The company has been able to attract higher flows, particularly in equity funds, over the last two quarters, and has delivered top-quartile scheme performance across the large-, mid- and small-cap equity categories, according to the brokerage, which expects the AMC to score an AUM CAGR of 20 per cent and a net profit CAGR of 18 per cent over FY23-FY26.
Schneider Electric Infrastructure
HDFC Securities has a 'buy' call on heavy electrical equipment maker Schneider Electric Infrastructure with bull and bear case fair value targets of Rs 440 and Rs 404.75, respectively.
Analysts at the brokerage recommend buying the stock in the Rs 365-375 band and adding positions on dips to Rs 330. HDFC Securities expects the company to continue to benefit from order flows and robust execution given the several reforms introduced in the power and grid space.
Cyient
Axis Direct has a 'buy' rating on Cyient with a target of Rs 2,195 apiece.
The brokerage values the stock at a price-to-earnings multiple of 22 times its FY26 estimates.
Anup Engineering
Nuvama has a 'buy' rating on Anup Engineering with a target of Rs 3,192.
A debt-free company, Anup Engineering is a derivative play on the robust capex upcycle in refining and petrochemicals, green hydrogen initiatives, and renewables, with ample headroom to sustain growth with the addition of new capacity and its gradual shift towards complex metallurgy backed by strong execution, according to the brokerage.
IRM Energy
HDFC Securities initiates coverage on IRM Energy with a 'buy' call and a target price of Rs 580.
Despite challenges within the city gas distribution space, IRM Energy has demonstrated an impressive volume growth CARG of 78 per cent from FY21 to FY23 with robust margins, and the stock is trading at an attractive valuation of 10.1 times its estimated EPS for FY25, according to the brokerage.
NRB Bearings
ICICI Securities has assigned a 'buy' rating on NRB Bearings with a target of Rs 345.
The brokerage's high-conviction idea, NRB is a prominent producer of needle and cylindrical roller bearings whose parts are used in an estimated 90 per cent of the vehicles plying on the country's roads.
The company is strongly positioned to benefit from growing demand in both domestic and export markets, according to the brokerage.