Stocks to Buy for Long Term: Domestic equity benchmark Nifty 50 gained 427.8 points, or 1.9 per cent, last week amid a broad-based bounceback on Dalal Street. Buying across sectors aided the recovery in the market, driven by sharp buying interest in metal, energy and PSU banking shares. As market participants eye fresh opportunities to make the most of the current fall on Dalal Street, analyst shave handpicked a few stocks to add to their portfolios.
On their ‘buy’ lists are seven stocks, including Bharat Electronics Ltd (BEL), Trent, Sharda Cropchem and Prince Pipes.
MOFSL maintains ‘buy’ rating on Bharti Airtel shares, Rs 1,985 target implies nearly 22% upside
Motilal Oswal Financial Services has kept a ‘buy’ rating on Motilal Oswal Financial Services Ltd (MOFSL) with a target price of Rs 1,985.
As the March 7 closing price, the brokerage’s target implies a potential upside of 21.7 per cent in the largecap telecom stock.
Geojit Financial Services has ‘buy’ call on BEL stock, target Rs 324
Geojit Financial Services has maintained a ‘buy’ rating on Bharat Electronics shares with a target of Rs 324 apiece.
The target suggests an upside of 17 per cent in the largecap PSU stock.
Sharda Cropchem
Anand Rathi has a ‘buy’ rating on Sharda Cropchem shares with a target price of Rs 730 apiece.
Geojit recommends buying Prince Pipes and Fittings shares, target Rs 338
Geojit has a ‘buy’ rating on the smallcap stock with a target price of Rs 338.
The target price implies an upside of 21.5 per cent from the current level.
Ashok Leyland
Geojit has a ‘buy’ rating on Ashok Leyland stock with a target price of Rs 251.
The target suggests a potential upside of almost 20 per cent in the largecap auto stock.
Buy Trent Stock: Geojit
Geojit Financial Services has a ‘buy’ rating assigned to the Tata group stock with a target price of Rs 5,800.
At Friday’s closing price, the target suggests a 16 per cent upside in the largecap stock.
Axis Direct has ‘buy’ rating on Navin Fluorine stock
Axis Direct has a ‘buy’ rating on Navin Fluorine International shares with a target price of Rs 4,300 apiece.
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