As Nifty50 roars to all-time high, 10 stocks analysts recommend buying for long term
Here are 10 stocks that analysts are betting on from a long term perspective.
Dalal Street is clocking new highs every day and many investors, especially those who have missed the bus, are constantly looking for stock ideas for their portfolios. Here are 10 stocks that analysts are betting on from a long term perspective at the current juncture.
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult their investment advisers before making any financial decision.)
Polycab India
BOB Capital Markets has a 'buy' call on wire and cable manufacturer Polycab India with a target of Rs 6,100.
The company continues to have strong growth prospects, and its new brand identity is aimed at driving demand and spurring FMEG business.
Manappuram Finance
ICICI Direct has a 'buy' call on gold financier Manappuram Finance with a target of Rs 200.
The brokerage is positive on the NBFC's ulaltered focus on business growth with its diversification strategy gradually taking shape.
Manappuram's core strength still prevails in small ticket loans, according to ICICI Direct.
UltraTech Cement
Axis Securities has a 'buy' rating on UltraTech Cement with a target of Rs 10,850, citing the cement maker's strong long-term growth prospects owing to better demand, improved realisations, increasing market share and cost optimisation initiatives.
Amara Raja Energy and Mobility
ICICI Direct has a 'buy' rating on Amara Raja Energy and Mobility with a target of Rs 900.
The brokerage is positive on the company given the steady growth prospects in its base business, its increasing focus in the new energy domain, the merger of related businesses at fair value, its healthy balance sheet and inexpensive valuations.
Aditya Vision
Nuvama has initiated coverage on Bihar-headquartered modern multi-brand consumer electronics retail chain Aditya Vision with a long-term buy recommendation and a target price of Rs 4,002 per share.
The brokerage is positive on the company's growth prospects citing strong industry tailwinds, store additions and high-quality offerings. and expects its EBITDA margin to stay steady at 10 per cent.
Aavas Financiers
ICICI Securities recommends buying Aavas Financiers shares for a target of Rs 1,800.
BSE
Sharekhan has a 'buy' call on BSE Ltd with a target of Rs 3,122.
Samhi Hotels
Sharekhan recommends buying Samhi Hotels shares for a target of Rs 222.
MGL
Sharekhan has a 'buy' call on MGL with a target price of Rs 1,285.
Bharat Forge
Sharekhan recommends buying Bharat Forge shares with a target of Rs 1,312.