Stocks To Buy In Dip 2026: Nifty valuation below long-term trend signals a potential for rebound, said Elara Capital in a report.
The brokerage said that it assesses one year forward P/E relative to its rolling 10-year average. At 17.3x, Nifty trades 7 per cent below its 10-year average of 18.6x. This places Nifty in a historical 'bounce zone', according to Elara Capital.
Outside of extreme disruptions like COVID-19, this level usually acted as a floor for valuation. Even during the Russia–Ukraine conflict, despite Brent sustaining above USD 100 per barrel, Nifty multiples bounced back from 10-year rolling averages.
The recent TACO and Iran allowing non-hostile ships to transit the Strait of Hormuz, along with crude oil prices dropping below USD 100 per barrel, have reduced immediate energy supply risks.
In the base case, assuming gradual de-escalation in the Middle East, the current valuation of Nifty provides a favorable entry point, with limited downside.
Stocks To Buy In Dip 2026 by Elara Capital
Elara Capital has picked 20 stocks that could offer a good return after the recent correction due to the Middle East war.
Stocks To Buy In Dip 2026: Largecap Recommendations
HDFC Bank Share Price Target 2026: Rs 1,147 (46% upside)
L&T Share Price Target 2026: Rs 4,487 (23% upside)
Maruti Suzuki Share Price Target 2026: Rs 18,686 (47% upside)
Axis Bank Share Price Target 2026: Rs 1,555 (27% upside)
Titan Share Price Target 2026: Rs 5,000 (24% upside)
Eternal Share Price Target 2026: Rs 415 (71% upside)
Eicher Motors Share Price Target 2026: Rs 9,300 (33% upside)
LTIMindtree Share Price Target 2026: Rs 6,740 (57% upside)
Apollo Hospitals Share Price Target 2026: Rs 8,670 (15% upside)
Polycab India Share Price Target 2026: Rs 8,180 (15% upside)
Stocks To Buy In ddip; Midcap Recommendations
United Spirits Share Price Target 2026: Rs 1,650 (31% upside)
GMR Airports Share Price Target 2026: Rs 14 (57% upside)
UNO Minda Share Price Target 2026: Rs 1,503 (44% upside)
IDFC First Bank Share Price Target 2026: Rs 90 (46% upside)
Godrej Properties Share Price Target 2026: Rs 3,700 (145% upside)
Stocks To Buy In ddip; Smallcap Recommendations
Gland Pharma Share Price Target 2026: Rs 2,225 (29% upside)
Gabriel India Share Price Target 2026: Rs 1,381 (68% upside)
BEML Share Price Target 2026: Rs 2,700 (88% upside)
Ujjivan Small Finance Bank Share Price Target 2026: Rs 72 (36% upside)
Safari Industries Share Price Target 2026: Rs 3,248 (125% upside)
