Stocks to Buy for Long Term: Largecap, midcap, smallcap shares analysts are positive on; note down targets for your investment portfolio
Stocks to Buy for Long Term: As the earnings season gains momentum, the bulls on Dalal Street eagerly await strong domestic cues for a sustained rally on Dalal Street. Domestic equity benchmarks Sensex and Nifty have yet to cover a distance of about 5.5 per cent each before they can attempt fresh highs. Meanwhile, analysts have once again handpicked a few stocks across segments to make the most of the current juncture on Dalal Street from a long-term perspective.
Stocks to Buy for Long Term: Domestic equity benchmarks are about 5.5 per cent below their all-time highs of late September as the bulls await a strong signal in the ongoing earnings season. The Nifty50 has broadly moved within the range of 25,900-24,550 in October so far. Foreign institutional investors (FIIs) have pulled out a net Rs 80,218 crore during this period while domestic institutional investors (DIIs) have supported the market somewhat with net purchases of Rs 74,176 crore, according to provisional exchange data. With more than 400 companies set to report their financial results this week before the market enters the Diwali week, the bulls are hopeful of strong domestic signals that boost the sentiment once again on Dalal Street. Here are a few stocks--across the largecap, midcap and smallcap segments--that analysts are positive on from a long-term perspective now:
Need fresh investment ideas for your Dalal Street portfolio? Here are a few stocks that analysts like now
As the countdown begins into the Diwali week, analysts from various brokerages have positive views on a number of largecap, midcap and smallcap scrips from a long-term perspective. Read on to view the list and note down their target prices for these stocks.
Largecap Stock to Buy for Long Term | M&M Financial
Analysts at brokerage Emkay have a 'buy' call on Mahindra & Mahindra Financial Services shares with a target price of Rs 360.
As of October 18, the target implies an upside of almost 24 per cent in the NBFC stock.
Largecap Stock to Buy for Long Term | KEI Industries
Analysts at BOB Capital Markets are bullish on KEI Industries shares with a 'buy' call and a target price of Rs 5,200.
Midcap Stock to Buy | Engineers India
Prabhudas Lilladhar analsts are positive on Engineers India shares from a long-term perspective.
The brokerage has a 'buy' rating assigned to the stock with a target price of Rs 250.
Midcap Stock to Buy | Karur Vysya Bank
Emkay analysts like Karur Vysya Bank shares at the current juncture on Dalal Street.
The brokerage has a 'buy' call on the banking stock with a target price of Rs 300.
Largecap Stock to Buy | Infosys
Sharekhan analysts like Infosys shares from a long-term view.
The brokerage has a 'buy' rating on the IT major's stock with a target price of Rs 2,270.
Largecap Stock to Buy | HDFC AMC
Prabhudas Lilladhar analysts have positive views on HDFC AMC shares with a 'buy' rating and a target price of Rs 5,360.
Midcap Stock to Buy | Vinati Organics
MOFSL analysts like the Vinati Organics stock with a 'buy' rating and a target price of Rs 2,500.
The target price implies an upside of almost 30 per cent from its current level.
Midcap Stock to Buy | Tanla Platforms
HDFC Securities analysts like Tanla Platforms shares.
The brokerage has a 'buy' call on the stock with a target price of Rs 1,250.
The stock is trading at a price-to-earnings multiples of 18x and 15x for FY25 and FY26 respectively, according to the analysts.
Midcap Stock to Buy | Aether Industries
HDFC Securities has a 'buy' rating assigned to Aether Industries with a target price of Rs 1,120.
Smallcap Stock to Buy | Stylam Industries
HDFC Securities analysts like Stylam for its industry-leading growth, EBITDA margin, healthy balance sheet, and return ratio profile.
The brokerage has a 'buy' rating on the stock with a target price of Rs 3,525.