10 Stocks to Buy for Long-Term Growth: Axis Direct Bullish on PNC Infratech, Bajaj Auto, Prestige Estates & More

Image Source : Zee Business

Axis Direct has released its latest stock recommendations for long-term investors, highlighting ten companies across infrastructure, power, auto, real estate, and specialty chemicals. The brokerage firm remains optimistic about these stocks, citing strong fundamentals and growth potential.

Key Highlights

- Axis Direct has identified ten stocks with significant upside potential, including PNC Infratech, Bajaj Auto, Prestige Estates, and others.
- The recommendations span multiple sectors, offering diversified investment opportunities.
- Analysts have provided specific target prices for each stock, reflecting expected gains over the coming months.

Top Stock Picks and Target Prices

1. PNC Infratech – Target price of ₹340 per share
2. KEC International – Target price of ₹1,030 per share
3. Aarti Industries – Target price of ₹520 per share
4. Genus Power – Target price of ₹500 per share
5. Inox Wind – Target price of ₹230 per share
6. Prestige Estates – Target price of ₹1,850 per share
7. Bajaj Auto – Target price of ₹9,890 per share
8. Signature Global – Target price of ₹1,283 per share
9. Welspun Living – Target price of ₹170 per share
10. NLC India – Target price of ₹300 per share

Sectoral Outlook

- Infrastructure and Power – Stocks like PNC Infratech and KEC International are expected to benefit from increased government spending on infrastructure projects.
- Automobile – Bajaj Auto remains a strong pick due to its robust domestic and export market presence.
- Real Estate – Prestige Estates and Signature Global are positioned well amid rising demand for residential and commercial properties.
- Specialty Chemicals – Aarti Industries continues to show resilience in the chemicals sector, driven by strong global demand.

Industry Perspective

Axis Direct analysts believe that these stocks offer solid long-term growth potential, backed by strong financials and favorable industry trends. Investors looking for stable returns may consider adding these picks to their portfolios.

Sources: Zee Business, Trendlyne, Axis Direct Research Reports