9 Stocks To Buy That Brokerages Are Betting On For Long-term Returns

It's a new week for investors, even as we have seen highly volatile market conditions. Here is a look at 9 stocks being recommended by broking firms and the price targets on the same.

The list of stocks to buy according to brokerages

Stock	Broking firm	Current market price	Target price
Greenply	Anand Rathi	189	237
Prism Johnson	Anand Rathi	119	152
Honeywell Automation	Sharekhan	40,500	48600
Voltas	Anand Rathi	1254	1400
Elgi Equipments	ICICI Direct	393	410
Asoka Buildcon	ICICI Direct	93	100
PNC Infra	Sharekhan	276	380
Coal India	Sharekhan	163	190
Balkrishna Industries	Anand Rathi	1981	3099

Be weary of the markets?

Over the last few weeks several factors have led investors to be cautious on the markets. The first is that there are ongoing worries on what could be the outcome of the Russia-Ukraine crisis. The second is fears are mounting that the US Fed would hike interest rates by as much as 0.50% in March when it meets. Investors are advised to hence be cautious on the markets and avoid buying stocks at higher prices.

In fact, a good strategy for investors would be to look at nimbling in small quantities rather than buying lumpsum amounts in stocks.

Should you buy the stocks listed above?

We have highlighted the list of stocks above, but, we do not find any of the stocks really cheap. In fact, some of them are still trading at hefty valuations. Most of the stocks are from the midcap and small cap space and hence they run the risk of a sharp downside should the markets fall.

In fact, several of them are way above their 52-week lows. There are many stocks that are available at much better valuations. At this stage when the markets are volatile a good idea would also be to look at stocks from the Nifty space. These stocks being large cap stocks the risk of a downside would be far lesser than in the case of largecap and small cap stocks.

In any case, we recommend to be cautious at this stage and invest in the markets only on declines. The risk of a downside in the markets are plenty.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. The author and has family do not own any stocks mentioned above.