Stocks to buy on Monday: Multiple brokerages have recommended Buy rating on various stocks for the long term. The stocks to buy recommendations include Hyundai Motor India, APL Apollo, Azad Engineering, Car Trade and Jain Resource.
Let's take a look at the investment rationale and taget price of the 5 stocks below:
Hyundai Share Price Target
Domestic brokerage firm ICICI Securities has initiate on Hyundai Motor India Limited (HMIL) with a BUY rating for the target price of Rs. 2,150. Brokerage firm said that the export volumes have grown at a 8 per cent CAGR over the last 3 year. also Talegaon plant is expected to add 250k units by 2028.
APL Apollo Share Price Target
Domestic brokerage firm HDFC Securities initiate coverage on APL Apollo Tubes Ltd (APAT) stocks to buy on Monday with an ADD rating and a 12‑month target price of INR 2,070. As per brokerage firm APAT is India’s undisputed structural steel tube franchise, commanding nearly 55 per cent market share in the branded HRC‑based tube segment.
Azad Engineering Share Price Target
Ashika Institutional equity research said that Azad operates in large and growing markets - Aerospace & Defense TAM and Energy Turbines. The brokerage firm added that the Revenue grew at nearly 30 per cent CAGR (FY22–FY25) and is expected to sustain 30 per cent plus growth, supported by a strong order book. Hence recommended this stocks to buy on Monday for the target price of Rs. 2193.
Car Trade Share Price Target
Global Markets Research Nomura expect nearly 24 per cent revenue CAGR over FY26-28F for the consumer business due to rising competition in the PV industry driving digital ad spends and strong execution of Cartrade driving market share gain. The global research firm maintain to buy this stocks to buy on Monday for the target of Rs. 3026.
Jain Resource Share Price Target
According to domestic firm Share India at the current market price (CMP), Jain Resource Recycling Limited is trading at 20.5 times / 14.3 times its FY27E / FY28E EPS. The valuation appears reasonable, supported by the anticipated earnings breakout driven by high-margin, value-added verticals, which, in our view, offers an attractive buying opportunity for the target price of Rs. 567.
