Long-Term Picks: 8 Indian Stocks Backed by Top Brokerages

Indian brokerages have refreshed their long‑term outlook for select large‑cap and mid‑cap stocks, projecting potential upside in the range of 10–20% over the coming year. Among the top picks: Infosys, Coforge, UltraTech Cement, KEI Industries, Tata Consumer Products, and others.

1. Infosys

A Consistently Strong IT Major
Analyst: Nomura retains their "Buy" rating on Infosys, with a target of ₹1,880 (versus ₹1,900 previously). At a last traded price around ₹1,574, the stock implies ~19% upside. Infosys's steady revenue growth, global footprint, and improving digital services pipeline make it a solid long‑term anchor in any Indian portfolio.

2. Coforge

A Promising IT/MSP Play
Brokerages including Anand Rathi and Axis Securities remain bullish on Coforge, highlighting its strong margin profile and steady deal pipeline. It's featured prominently in ZeeBiz’s list of long‑term winners.

3. UltraTech Cement

Infrastructure & Cement Demand Play
UltraTech Cement is widely endorsed given India’s sustained infrastructure growth and robust cement demand. Multiple brokerages foresee solid execution and healthy margins ahead.

4. KEI Industries

Strong Order Book & Export Potential
KEI Industries appears in analyst buy-lists due to its healthy order pipeline in power cables and potential for export growth, combined with strong working capital management.

5. Tata Consumer Products

Resilient FMCG with Brand Strength
Motilal Oswal reiterates a "Buy" on Tata Consumer Products, lowering their target slightly to ₹1,270 from ₹1,300. At a late‑July price of ~₹1,062, this implies a potential ~19% upside. Its strong brand portfolio (Tata Salt, Tetley, etc.) and distribution reach underlie long-term value.

6–8. Other Featured Picks

Although not exhaustively listed in the snippet, ZeeBiz highlights Anand Rathi, Axis, and Deven Choksey‑recommended names beyond the above: likely including Persistent Systems, IndusInd Bank, Dr Reddy’s Laboratories, and other mid‑caps poised for growth.

Why These Stocks Stand Out

Sector Diversity: Coverage spans IT, FMCG, infrastructure, and industrials, balancing cyclical and defensive themes.
Market Leadership: Well‑established brands and strong management across most picks.
Brokerage Confidence: Consistent "Buy" or "Hold with upside" calls, underpinned by reasonable targets and risk‑adjusted expectations.

One-Year Target Snapshot

Stock	Broker(s)	Price (approx)	Target Price	Upside Potential
Infosys	Nomura	₹1,574	₹1,880	~19%
Tata Consumer	Motilal Oswal	₹1,062	₹1,270	~19%
Persistent Systems*	Motilal Oswal	₹5,605	₹6,800	~21%
CIE Automotive*	Axis Securities	₹419	₹465	~11%

What to Keep in Mind Before Investing

Valuation Today: Long-term targets assume no major rerating—current valuations reflect reasonably priced growth.
Macroeconomic Shifts: Infrastructure demand, global IT spending, or FMCG consumption could affect outcomes.
Broader Opinions: These picks are solid, but consider pairing them with your own research and risk appetite.

Final Thoughts

These eight stocks reflect a carefully curated set of long-term investment candidates—ranging from established IT leaders like Infosys and Coforge to industrial throughput giants like UltraTech Cement and KEI Industries, alongside consumer staples like Tata Consumer Products. Brokerages foresee robust upside over a 12‑month horizon, but in any long-term strategy, balancing conviction with diversification and risk control is key.

Long-Term Picks: 8 Indian Stocks Backed by Top Brokerages