Stocks to Buy for Long Term: Domestic equity benchmark Nifty 50 has yet to recover more than 3,800 ponts to retest its last all-time high of 26,277, scaled in late September. Analysts have identified a number of reasons behind the current slowdown on Dalal Street, such as sustained FII outflows, muted earnings, moderate economic growth and caution amidst an imminent trade war. For the leaner, 30-scrip gauge, the Sensex, the same journey is more than 11,850 points long, as of March 10, As market participants eye fresh opportunities, with participants gearing up for the Holi market holiday, analysts have handpicked a few stocks from a fundamental view to make the most of the current juncture on Dalal Street.
Read on to see the full list.
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1/11The stocks are: Mazagon Dock Shipbuilders (MAZDOCK), NTPC, Astra Microwave Products (ASTRAMICRO), CG Power & Industrial Solutions (CGPOWER), HG Infra Engineering (HGINFRA), Indian Bank (INDIANB), Bharti Airtel (BHARTIARTL), Sharda Cropchem (SHARDACROP), Navin Fluorine (NAVINFLUOR) and Coforge. Read on to learn about these stock picks in detail.
2/11HDFC Securities has a ‘buy’ rating assigned to the multibagger PSU stock with a target price of Rs 2,617.
As of March 10, the target suggests an upside of almost 14 per cent in the largecap stock.
3/11Sharekhan has a ‘buy’ call on the PSU power generator’s stock with a target price of Rs 374.
The target suggests a potential upside of nearly 14 per cent in the largecap scrip.
Read on to learn about other fundamental picks.
4/11Geojit Financial Services has a ‘buy’ rating on Astra Microwave Products shares with a target price of Rs 768 apiece.
The target suggests an upside of 20.5 per cent in the midcap stock.
5/11Geojit Financial Services has a ‘buy’ rating on the largecap stock with a target of Rs 696 apiece.
7/11Motilal Oswal Financial Services Ltd (MOFSL) has a ‘buy’ rating on Bharti Airtel shares with a target price of Rs 1,985.
8/11Anand Rathi has a ‘buy’ rating on the Sharda Cropchem stock with a target price of Rs 730 per share.
10/11Geojit Financial Services has a ‘buy’ call on HG Infra Engineering shares with a target of Rs 1,440 apiece. The target implies a 38 per cent upside in the midcap stock.
11/11Geojit Financial Services has a ‘buy’ rating assigned to the largecap PSU bank stock with a target price of Rs 619 per share.