10 New Year Picks: Top analysts share high-conviction 'buy' calls for 2026—3 largecap, 5 midcap stocks

With Dalal Street approaching the New Year, investors are once again selecting their long-term buys to give their portfolio a fundamental edge. With 2025 drawing to a close, top analysts have lined up their high-conviction 'buy' calls for Zee Business viewers.

Among their top bets are a mix of largecap, midcap and smallcap stocks, from a variety of industries including finance, auto ancillaries, construction material and chemicals.

As of December 22, four of these recommendations indicate more than 25 per cent upside from the current market price.

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10. Lumax Auto Technologies | Midcap | 8.6% upside

Sunny Agarwal of SBI Securities recommends going long on Lumax Auto Technologies (LUMAXTECH) shares for a 12-month target price of Rs 1,720. At the current market price, his target indicates a potential upside of 8.6 per cent in the midcap stock, as of December 22.

9. Pricol | Midcap | 12.1% upside

Sudeep Shah of SBI Securities has a 'buy' call on Pricol shares with targets of Rs 710 and Rs 740 with a stop loss at Rs 590. The target suggests an potential gain of 12.1 per cent.

8. Karur Vysya Bank | Largecap | 14.9% upside

Shivangi Sarda of Motilal Oswal Financial Services suggests buying the Karur Vysya Bank (KARURVYSYA) stock for a target of Rs 290 with a stop loss at Rs 220.

7. JK Tyre & Industries | Midcap | 15.1% upside

Chandan Taparia of Motilal Oswal Financial Services recommends buying the tyre maker's stock for a target price of Rs 565 with a stop loss at Rs 440.

6. City Union Bank | Largecap | 16.5% upside

Kunal Shah of Mirae Asset Sharekhan has a 'buy' rating assigned to City Union Bank (CUB) shares with targets of Rs 315 and Rs 330 and a stop loss at Rs 235.

5. Nava Ltd | Midcap | 22.7% upside

Independent market analyst Ambreesh Baliga has a 'buy' call on Nava Ltd shares with a 12-month target price of Rs 702.

At the current market price, his target signals a 22.7 per cent potential gain in the midcap stock.

4. Rallis India | Midcap | 27.5% upside

Sharad Avasthi of SMIFS suggests going long on the Tata group stock for targets of Rs 330 and Rs 350.

His target suggests a 27.5 per cent potential upside in the Rallis India stock.

3. PNB Housing Finance | Largecap | 28.2% upside

Parag Thakkar of Fort Capital is bullish on PNB Housing Finance shares, with a 'buy' call and a target price of Rs 1,200 that indicates a potential upside of 28.2 per cent from the current market price.

2. Mangalam Cement | Smallcap | 28.7% upside

Vijay Chopra of Enoch Ventures has selected Mangalam Cement (MANGLMCEM) as his New Year pick with targets of Rs 900 and Rs 1,000.

1. Gujarat Pipavav | Smallcap | 34.2% upside

Rajesh Palviya of Axis Securities recommends buying Gujarat Pipavav (GPPL) shares for targets of Rs 250 and Rs 260 -- indicating a 34.2 per cent gain from the current market price. He suggests investors place a stop loss at Rs 160.

Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.