Analyst recommends five stocks for long-term gains
The Nifty 50 index fell 0.70% last week, closing at 22,397.20, amid foreign capital outflows and economic slowdown. This marks a 15% decline from its peak in September 2023. Analysts suggest this dip may present investment opportunities. Kunal Kamble from Bonanza Group recommends five large-cap stocks for long-term investment, expecting gains of 21-52%. These include Tata Steel, Kotak Mahindra Bank, Hindalco, SBI Cards, and Bajaj Finance, each showing positive technical indicators. Tata Steel is projected to rise 52% to ₹230, while Kotak Mahindra Bank has a target of ₹2,800, indicating a 41% increase. Hindalco, SBI Cards, and Bajaj Finance also show strong potential for growth, with respective targets of ₹950, ₹1,150, and ₹10,200.