Geojit recommends buying 5 largecap, midcap, smallcap stocks; note down targets

Stocks to buy for long term: Analysts from domestic brokerage have recommended buying several largecap, midcap, smallcap categories stocks from long-term perspective.

Geojit Financial Services' analysts have handpicked various sector stocks across different categories ranging from largecap to smallcap. According to them, these stocks could give up to a return of around 20 per cent from Wednesday (March 19) market session closing.

Here is the list of these five stocks along with targets recommended by the brokerage:

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Credit Access Grameen Share Price Target

Geojit Financial recommends buying Credit Access Grameen shares for a target of Rs 1,130. 15.07KCr 19.68 per cent. The given target suggests a potential upside of 19.68 per cent from Wednesday's closing.

Amara Raja Energy Share Price Target

The brokerage suggests buying Amara Raja Energy shares for a target of Rs 1,160, implying a potential upside of 9.74 per cent from Wednesday's session closing.

Welspun Enterprises Share Price Target

Geojit has a 'buy' call on Welspun Enterprises shares for a target of Rs 515. According to the brokerage the stock could rise up to 8.43 per cent as of Wednesday's closing.

ABB India Share Price Target

Geojit Financial Services recommends buying ABB India shares for a target of Rs 5,710. As per the given target, it could give a return of 4.31 per cent.

PNC Infratech Share Price Target

Geojit has a 'buy' stance on PNC Infratech shares for a target of Rs 305. The given target suggests a rise of 14.61 per cent.

Stock Market Summary

Domestic equity benchmarks Sensex and Nifty closed in green sphere on March 19. The 30-scrip basket gained 148 points and closed at 75,449.05, up 0.20 per cent, while the Nifty 50 index settled at 22,907.60, up 73 points or 0.32 per cent amid buying in financial, energy, and metal sector stocks such as HDFC Bank, Shriram Finance, SBI, Larsen & Toubro, Tata Steel. Meanwhile, Infosys, TCS, ITC, and Tech Mahindra were top losers of the 50-scrip index.