SBI Life, Nazara, 5 other stocks analysts recommend now; targets ranging from Rs 155 to Rs 3,070 suggest up to 57% upside

Analysts Share Fundamental Stock Picks: February has been a month of see-saw moves for Dalal Street so far, with investors reacting first to the Budget presentation and then muted earnings as the Q3 results season gathered steam, while foreign institutional investors (FIIs) continued to be in exit mode. On Tuesday, the Sensex ended a choppy day 29.5 points lower at 75,967.4 while the Nifty 50 gave up 14.2 points to settle five points below the 22,950 mark, as selling pressure in FMCG and auto shares offset buying interest in select IT heavyweights such as Infosys and Wipro.

Tuesday’s negative close was in contrast to the previous session, when both indices inched higher at the end of a volatile day. That marked the first positive close after eight back-to-back sessions of losses that took away 2,644.6 points, or 3.4 per cent, from the 30-scrip index.

Currently, the headline indices stand about 12-13 per cent off their all-time highs of late September last year. Many investors are once again on the lookout for fresh ideas to make adjustments to their portfolios.

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Shares to Buy for Long Term | Here is a list of seven stocks that analysts rom various brokerages have on their ‘buy’ lists:

At Tuesday’s closing levels, their target prices imply potential upsides to the tune of 9-57 in these stocks.

ICICI Securities recommends ‘buy’ on Nazara Technologies, target Rs 1,080

The brokerage has a ‘buy’ rating assigned to Nazara Tech shares with a target price of Rs 1,080.

The target implies a potential upside of 17.1 per cent from Tuesday’s close.

Nuvama recommends ‘buy’ on Awfis Space Solutions, target Rs 1,004

Nuvama has a ‘buy’ call on Awfis Space shares with a target of Rs 1,004.

Axis Direct recommends ‘buy’ on Ethos, target Rs 3,070

Axis Direct has a ‘buy’ rating assigned to Ethos shares with a target of Rs 3,070 apiece.

The target suggests a 26.1 per cent upside in the stock.

Axis Direct recommends ‘buy’ on SBI Life Insurance, target implies 9% upside

Axis Direct has a ‘buy’ call on SBI Life Insurance Company shares with a target of Rs 1,609 apiece.

Axis Direct recommends ‘buy’ on Kalpataru Projects International, target Rs 1,350

Axis Direct has a ‘buy’ call on Kalpatary Projects shares with a target of Rs 1,350 apiece.

ICICI Securities recommends ‘buy’ on Samvardhana Motherson International, target Rs 155

ICICI Securities has a ‘buy’ rating assigned to Samvardhana Motherson shares with a target price of Rs 155 apiece.

ICICI Securities recommends ‘buy’ on Bajaj Consumer Care, target Rs 220

ICICI Securities has a ‘buy’ rating on Bajaj Consumer shares with a target price of Rs 220.

The target implies a potential upside of 36.4 per cent, as of Tuesday.

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