stocks to buy today: Looking for diamonds in the dust: Stocks to buy and hold after the correction


Mumbai: Investors, optimistic about the longer-term prospects for Indian stocks, are scouring the market to pick the next winners. With most blue chips down 15-20% and several mid- and small-cap stocks down 40-60% from their highs, investors are unsure what to buy. Despite the strong sell-off, analysts advise against rolling out all the cash at once. While systematic investment plans (SIPs) of mutual funds are one way to bet, investors wishing to bet directly on stocks might also consider SIPs in specific stocks with strong prospects. ET spoke to analysts from five major brokerages for their top SIP stock picks. They recommended the price range at which the shares should be purchased and the holding period. and are among their favorites.

Hemang Jani, Head of Equity Strategy – Brokerage and Distribution,


ICICI Bank

CMP: ₹709.55

Buy range: ₹650-720

Holding period: 2 years

The stock is well positioned to undergo rapid revaluation, delivering strong returns, as ICICI Bank continues its journey to deliver strong yield ratios and growth, Jani said. It has a target of ₹1,050 on the stock. Jani said ICICI Bank reported strong operational performance and asset quality.

Tata Consumer

CMP: ₹734.75

Buy range: ₹650-735

Holding period: 2 years

Tata Consumer is reorganizing its business to simplify the corporate structure, Jani said. “The unlocking of sales and distribution synergies resulting from the merger of group companies has started to bear fruit. The company is building a strong S&D channel, which will act as a key growth driver,” Jani said. It has a target of ₹900 on Tata Consumer.

Jayesh Bhanushali, AVP-Research,


ICICI Bank

CMP: ₹709.55

Buy range: ₹580-680

Holding period: 1 year

Bhanushali said ICICI Bank’s performance in the granular retail and small and medium business sector remains strong. The stock is also trading at an attractive valuation. Every dip is likely to be a buying opportunity, he said.



CMP: ₹560.40

Buy range: ₹580-560

Holding period: 1 year

Gujarat Gas has seen strong profit growth and a strong recovery in margins, Bhanushali said. Every dip can be a buying opportunity in the stock, he said.

Yash Gupta, Equity Research Analyst, Angel One




CMP: ₹1,305.10

Buy range: ₹1,097-1,484

Holding period: 1+ years

Gupta said the bank has a very well-distributed portfolio, with wholesale making up about 61% of the asset portfolio. It is positive given best-in-class asset quality, the expected rebound in retail credit growth and reasonable valuations. Gupta expects the stock to hit ₹1,860 within a year.



CMP: ₹811.50

Buy range: ₹698-945

Holding period: 1+ years

Gupta expects the residential real estate growth momentum to continue. “We have seen good consolidation across India towards the top 10 players. The top 10 players now hold 11.2% market share compared to 5.4% in 2017,” Gupta said. He expects the stock to hit ₹1,250 within a year.

Nischal Maheshwari, CEO-Institutional Equities, Centrum Broking




CMP: ₹2,427.4

Purchase Range: ₹2,400-3,000

Holding period: 3 years

Maheshwari said

is a multi-year story that can be SIPed on. “They were in oil and gas, then they came into retail, telecommunications and now green energy. The story will continue. I think the stock can give a 20% CAGR return. ”



CMP: ₹2,110.75

Purchase Range: ₹2,100-2,500

Holding period: 3 years

Maheshwari said the company had forecast revenue and profit growth of 22% based on a compound annual growth rate. “The valuation is high and will continue to be so. They are also focused on international business going forward,” Maheshwari said.

Siddharth Sedani, Senior Vice President – Sales and Equity Products, Anand Rathi


Tata Consumer

CMP: 734.75

Purchase range: At current price

Holding period: 1 year

Sedani sees the stock at ₹904 in a year. He said Tata Consumer would continue to see strong improvement in margins with lower tea procurement prices. The strategy of innovation and premiumization of salt, tea, Sampann and Soulful brands in the Indian market is expected to boost its sales, Sedani said.



CMP: ₹683.1

Purchase range: At current price

Holding period: 1 year

Sedani expects the crop protection chemicals business to see strong growth, thanks to its focus on registration of formulations and active ingredients across all regions. It is also bullish due to its strong pipeline and distribution network with a target of ₹835 on the stock in one year.

Previous Russian Gazprom resumes gas shipment to Europe through Ukrainian transit point in Luhansk
Next The National Library will publish a thematic book to support the G20 presidency