Looking for stocks to buy? Analysts bullish on these counters for long term now
Shares to Buy for Long Term, Nifty50, Sensex, BSE 500: Domestic equity benchmarks are at a crossroads once again with the Sensex yet to recover 4,269 points before it attempts to register a fresh record high. The same journey appears to be almost 1,600 points away for the Nifty50. Many market participants are on the lookout for fresh long ideas to make the most of any potential upside going forward. Here are a few analysts' 'buy' calls and their respective targets.
Shares to Buy for Long Term: Domestic equity benchmarks are at a crossroads once again with the Sensex yet to recover 4,269 points before it attempts to register a fresh record high. As of December 6, the same journey appears to be almost 1,600 points away for the Nifty50. Meanwhile, many market participants are on the lookout for fresh long ideas to make the most of any potential upside going forward. Here are a few stocks analysts like from a long-term perspective along with their respective targets.
Images: PTI/Pexels
PN Gadgil Jewellers
MOFSL has initiated coverage on PN Gadgil Jewellers shares with a 'buy' rating and a target price of Rs 950 apiece.
At Friday's closing price, the target implies a potential upside of 23.5 per cent in the stock.
Hero MotoCorp
Geojit Financial Services has a 'buy' rating assigned to Hero MotoCorp with a target price of Rs 5,269 per share.
The brokerage's target implies an upside of 13.8 per cent in the largecap auto stock, as of December 6.
Lemon Tree Hotels
ICICI Securities has a 'buy' rating assigned to Lemon Tree Hotels shares with a target price of Rs 164 apiece.
The target price suggests an upside of 19 per cent in the midcap stock.
Lemon Tree Hotels shares are part of the BSE 500.
Inox Wind
ICICI Securities has a 'buy' call on Inox Wind shares with a target of Rs 245.
The largecap stock is part of the BSE 500.
KPIT Tech
Geojit has a 'buy' rating assigned to KPIT Tech shares with a target price of Rs 1,760 apiece.
This largecap stock is a BSE 500 constituent.
HDFC Bank
Emkay has a 'buy' call assigned to HDFC Bank shares with a target price of Rs 2,000 apiece.
The target translates to a 7.7 per cent upside in the Nifty50, Nifty Bank and Sensex stock.
HCLTech
Sharekhan has 'buy' rating on HCLTech shares with a target of Rs 2,180 apiece.
Cipla
Geojit Financial Services has a 'buy' call assigned to Cipla shares with a target of Rs 1,695 apiece.
Nykaa
Geojit has a 'buy' call on Nykaa shares with a target of Rs 198 apiece.
As of December 6, the target implies a potential upside of 19 per cent in the largecap stock.
HG Infra Engineering
Geojit Financial Services has a 'buy' call on HG Infra Engineering shares with a target of Rs 1,791 apiece.
IGL
HDFC Securities has a 'buy' call assigned to Indraprastha Gas shares with a target price of Rs 515 apiece.
Sonata Software
Emkay has a 'buy' call on Sonata Software with a target price of Rs 780 per share.
The midcap stock is part of the BSE 500 index.