Stocks To Buy: Kansai Nerolac, Marico To Colgate Palmolive | Check Full List And Target Price

Stocks To Buy: The Indian stock market traded mixed on Thursday, as Nifty and Sensex remained in the green after a flat opening today. Nifty 50 was trading marginally higher above the 24,600 mark, whereas BSE Sensex was up around 200 points.

Amid the stock market volatility, experts see upside in stocks like Kansai Nerolac, Marico, Colgate Palmolive, and Asian Paints. Here are the top stock picks by Monarch Networth Capital for long-term investment.

Kansai Nerolac Target Price

Kansai Nerolac share price was trading 0.10% lower at Rs 210.3 per share on BSE with a market capitalisation of Rs 17,007.27 crore at 1 pm on Thursday. The stock had touched an intraday high mark of Rs 211.95 per share and an intraday low mark of Rs 207.70 per share.

"We initiate coverage on Kansai Nerolac with an 'Accumulate' rating. Valuing the stock at 23x FY28E EPS, we arrive at a target price of Rs 232," stated the brokerage in its report.

Colgate Palmolive Target Price

Colgate Palmolive India share price was trading 0.69% lower at Rs 2027.2 per share on NSE with a market capitalisation of Rs 55,128.77 crore at 1:11 pm. The stock touched an intraday high mark of Rs 2,041.60 per share and an intraday low mark of Rs 2,025.50 per share. The brokerage sees a 7.7% upside in the stock.

"We initiate coverage on Colgate Palmolive (India) with an 'Accumulate' rating. Valuing the stock at 40x FY28E EPS, we arrive at a target price of Rs. 2,380," stated the brokerage in its report.

Marico Share Price Target

Marico stock was trading 0.38% higher at Rs 857.75 per share on BSE with a market capitalisation of Rs 1,11,498.93 crore at 1:16 pm. The stock had touched an intraday high mark of Rs 858.75 per share and an intraday low mark of Rs 850.15 per share.

Monarch Networth Capital sees an 18.4% upside in the stock. "We initiate coverage with a 'Buy' rating, valuing the stock at 50x FY28E EPS to arrive at a target price of Rs 1,009."

Asian Paints Target Price

Shares of Asian Paints were trading 0.4% lower at Rs 2749.9 per share on NSE with a market capitalisation of Rs 2,63,673.88 crore at 1:15 pm. The stock is poised for a 14% growth in the long-term, as per Monarch Networth.

"We initiate coverage on Asian Paints with a 'Buy' rating. Valuing the stock at 52x FY28E EPS, we arrive at a target price of Rs 3,165," stated the brokerage in its report.