Stocks To Buy For Long Term: ICICI Direct has recommended six stocks to buy with strong fundamentals. The top pics include Larsen & Toubro, Asian Paints, Kotak Mahindra Bank, BHEL, PFC and HAL. Let's take a look at the full list of stocks to buy recommendations along with the target price:
Larsen and Tubro Share Price Target: ICICI Direct has recommended buying L&T shares for a target price of Rs 5,030.
L&T is India’s largest engineering and construction company with a diversified presence across EPC projects, hi-tech manufacturing and services. &T expects to achieve 15 per cent YoY growth in gross revenue for FY26 with a target of 18 per cent ROCE in the medium term.
Asian Paints Share Price Target: ICICI Direct has recommended buying Asian Paints shares for a target price of Rs 3,055.
Asian Paints is a leading player in the domestic decorative paints business with more than 50 per cent market share. The company will benefit from a reduction in its painting cycle, an increase in demand for premium paints and an uptick in demand for industrial paints. Stock has underperformed the broader indices and is currently trading at discounted valuations of 46x/40x its FY27E/FY28E earnings.
Kotak Mahindra Bank Share Price Target: ICICI Direct has recommended a Buy rating on Kotak Mahindra Bank shares for a target price of Rs 515.
Kotak Mahindra Bank is a leading private bank with advance at 4.8 lakh crore. Guidance on higher than industry growth with focus on unsecured retail loans (currently at ~9% of book), resilient CASA at ~40% and benign credit cost at 50-60 bps is seen to aid RoA at ~2.1%.
BHEL Share Price Target: ICICI Direct has set the BHEL target price at Rs 292.
BHEL is one of the largest engineering and manufacturing companies. It operates in Power (~74% revenue mix) and Industrial (~26%) sectors largely in India. BHEL's robust outstanding order book of ~2.23 lakh crore provides high medium-term revenue visibility across multiple years of execution.
PFC Share Price Target: ICICI Direct has set the PFC share price target at Rs 520.
PFC is the largest power sector focussed financier with an AUM of 5.7 lakh crore. Massive capex cycle to increase installed capacity from 520 GW to 900 GW, with focus on renewables, remains a structural growth opportunity. Proposed merger with REC Ltd to act as a catalyst offering synergy benefits.
HAL Share Price Target: ICICI Direct has set the HAL share price target at Rs 4,960.
HAL is one of the largest Defence PSUs in India, focused on aircraft, helicopters, aeroengines, and avionics. The order book as of Hindustan Aeronautics March 26 stands at ~ 2.54 lakh crore (7.9x FY26 revenue), providing strong medium-term visibility. Execution in Tejas aircraft is (HAL) expected to pick up from FY27E, led by ramping-up of engine deliveries from GE. Other platforms and MRO contracts are already witnessing better execution. Longer-term order pipeline also remains robust in aircraft, aero-engines and UAVs.
