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Stocks to Buy for Long Term: Analysts are positive on largecap, midcap stocks; check out targets

Published 2 months ago2 minute read

Are you scouting for fundamental stock picks for long-term invesment? Domestic brokerage are betting on variety of stocks, including midcap. Analysts have handpicked these stocks from different sectors such as finance, and healthcare. According to the market experts from brokerages, one these stocks could rise nearly 40 per cent.

Analsyts at ICICI Securities, JM Financial, Geojit Financial, and Emkay have shared his fundamental stock picks with a perspective of long term.

ICICI Securities recommends buying AU Small Finance Bank shares for a target of Rs 725. The given target implies a potential upside of 30.23 per cent from Thursday's session closing of Rs 556.70.

Geojit Financial suggests buying Krishna Institute Of Medical Sciencs (KIMS) shares for a target of Rs 622. It could give a return of 17 per cent, according to the brokerage.

Emkay has a 'buy' call on SRF shares with a target of Rs 3,250. Analysts expected a rise of 13.87 per cent in the stock in future term.

ICICI Securities recommends buying the India Shelter Finance stock for a target of Rs 850. According the brokerage's target, the stock will give a return of 17.88 per cent.

ICICI Securities suggests buying Havells India shares for a target of Rs 1,800, implying a potential upside of 24.03 per cent.

JM Financial has recommended buying Cromption Greaves shares for a target of Rs 440. The brokerage has predicted a rise of 35.13 per cent in the stock.

Headline indices plummeted on Friday, with the Sensex tumbling 1,414.3 points to 73,198.1 and the Nifty50 ended at 22,124.7,  420.4 points lower as a broad-based sell-off swept the market. Investor wealth took a severe hit, with market capitalisation of BSE-listed firms shrinking by approximately Rs 9 lakh crore to Rs 384.12 lakh crore, compared to Rs 393.10 lakh crore in the previous session, as per provisional exchange data.

Only five Nifty50 stocks - Shriram Finance, HDFC Bank, Coal India, Trent, and Hindalco - managed to eke out gains, rising between 0.3 per cent and 2 per cent. Conversely, the remaining 45 stocks closed lower, with IndusInd Bank, Tech Mahindra, Wipro, Bharti Airtel, Mahindra & Mahindra, Tata Motors, and Titan emerging as the top losers, with declines ranging from 4.2 per cent to 7.1 per cent.

(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.)

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