9 Stocks To Buy For Long Term: Sharekhan picks stocks for 2026; Nestle India, Blue Star, Bank of Baroda on list

City Union Bank is rated Buy, with the stock trading at Rs 292 and a revised target price of Rs 350, implying an upside of around 19.9 per cent. The bank delivered strong operational performance, with net interest income rising 28 per cent year-on-year as net interest margins expanded 26 basis points quarter-on-quarter to 3.89 per cent, aided by deposit repricing and yield improvement. Net profit grew 16 per cent year-on-year to Rs 332 crore, while loan and deposit growth of 21 per cent year-on-year remains healthy. Despite higher provisions due to balance-sheet strengthening, the outlook continues to be positive.

KEC International carries a Buy rating, trading at Rs 631.20 with a target price of Rs 830, indicating an upside of about 31.5 per cent. Q3 performance was muted, with revenue growth of 12 per cent year-on-year, lower than estimates, though the T&D business remained strong with 31 per cent growth. Margins improved marginally to 7.2 per cent. While order inflows have slowed year-to-date, the order book stands robust at Rs 41,000 crore. Management expects revenue growth of 15 per cent in FY26, supported by a healthy project pipeline.

Affle 3i is rated Buy, trading at Rs 1,650.30 with a target price of Rs 2,100, implying an upside of around 27.3 per cent. Revenue rose 19.2 per cent year-on-year, driven by higher conversions and improved average CPCU. Emerging markets continued to contribute strongly, while developed markets saw deeper client engagement. Management expects 19–20 per cent organic revenue growth and 23–25 per cent EBITDA growth, underpinning a strong medium-term earnings outlook.

Intellect Design Arena is rated Buy, with a CMP of Rs 797 and a target price of Rs 965, translating into an upside of about 21.1 per cent. Q3 saw a sequential dip in revenue and sharp margin contraction due to front-loaded investments in capacity building and international expansion. Management is focused on building sustainable revenues, targeting a steady ramp-up in quarterly run rates. Margins are expected to recover gradually as investments stabilise.

Nestle India has a Buy rating, trading at Rs 1,295.10 with a revised target price of Rs 1,500, implying an upside of around 15.8 per cent. Q3FY26 performance was driven by strong volume growth, with revenue rising 18.6 per cent year-on-year and adjusted PAT up 29.4 per cent. Margins declined due to higher investments, but easing raw material costs and GST benefits are expected to support profitability going forward.

Cholamandalam Investment is rated Buy, trading at Rs 1,730 with a target price of Rs 1,900, implying an upside of about 9.8 per cent. Q3 results were largely in line, with PAT rising 18.5 per cent year-on-year. Disbursements and AUM growth remain healthy, while profitability metrics are expected to stay strong, supported by improving cost of funds and robust loan growth.

Blue Star carries a Buy rating, trading at Rs 1,884 with a target price of Rs 2,100, suggesting an upside of around 11.5 per cent. Revenue growth was modest due to weather and market headwinds, though margins improved slightly. Management has indicated imminent price hikes to offset rising commodity costs and a weaker rupee, which should support margins in coming quarters.

Bank of Baroda is rated Buy, with the stock trading at Rs 289.50 and a target price of Rs 320, implying an upside of around 10.5 per cent. While net interest margins moderated, lower provisions supported a 4.5 per cent year-on-year rise in net profit. Asset quality trends remain stable, and the growth outlook is healthy.

Dixon Technologies has a Buy rating, trading at Rs 11,680 with a target price of Rs 14,500, indicating an upside of about 24.1 per cent. Near-term performance was impacted by weaker mobile volumes, but margin improvement through cost optimisation remains encouraging. The long-term growth outlook hinges on recovery in volumes and approvals related to joint ventures, with strong earnings CAGR expected over FY25–28.