Titan stock: Should you buy now for long term?
Gorakshakar noted that Titan is trading near its 52-week high, supported by strong festive and wedding-season demand. While the recent business update indicates that consumer spending remains healthy, he believes the stock has already seen significant gains.
He highlighted Titan’s focus on natural diamond jewellery, which offers better margins compared to lab-grown diamonds, as a key factor to watch. However, given current valuations, he recommended that existing investors stay invested, while new buyers wait for more clarity from upcoming results.
IEX stock
Regarding IEX, Gorakshakar said that recent concerns about market coupling are largely priced into the stock. While margins could face some pressure if the new mechanism is implemented, he emphasized that IEX remains debt-free, generates strong cash flows, and enjoys margins of nearly 90 per cent.
According to him, downside risk from current levels appears limited, making the stock suitable for long-term investors, though short-term volatility may continue until policy clarity emerges.
ITC: Buy or sell now?
On FMCG stock ITC, Gorakshakar observed that the stock is likely to remain under pressure until the Union Budget, due to concerns over higher excise duty impacting cigarette volumes.
He identified a strong support zone between Rs 330 and Rs 340, which could offer a value-buying opportunity for long-term investors. However, he cautioned short-term traders against entering the stock at this stage.
Reliance Industries: Buy-on-dips strategy
Despite recent volatility and CLSA removing Reliance from its model portfolio, Gorakshakar said the company’s fundamentals remain strong. He pointed out Rs 1,500 as a crucial support level and suggested that any move closer to this level should be seen as a buying opportunity for long-term investors.
He also expects better performance in the December quarter, supported by improved refining margins and a stable oil and gas outlook.
IndiGo: Wait for Q3 results or invest now?
On InterGlobe Aviation (IndiGo), Gorakshakar adopted a cautious stance, noting that the airline is likely to report losses in the near term and has already cut its guidance. While softer crude prices provide some relief, the impact of flight reductions will be closely monitored over the next few quarters.
For high-risk investors, he suggested considering IndiGo around the Rs 5,000 level for the long term, but advised others to wait for clearer signs of recovery.
| Stock | Recommendation |
|---|---|
| Titan | Hold, wait for correction |
| IEX | Long-term buy |
| ITC | Buy on dips (long term) |
| Reliance | Buy near Rs 1,500 |
| IndiGo | Wait; high-risk long-term buy |
https://www.youtube.com/watch?v=AlfLkpO6zeo
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
As of January 2026, several major brokerage firms and market experts have refreshed their long-term outlooks for blue-chip stocks. While the broader Nifty 50 has faced recent volatility, top experts like Ajit Mishra and global firms like Morgan Stanley, Goldman Sachs, and CLSA have identified RIL, Titan, IEX, and ITC as key long-term plays.
Below are the consolidated targets and rationales for these stocks as of early 2026.
Top Long-Term Stock Picks & Targets (2026)
| Stock Name | Current Price (Approx.) | Expert Target Price | Potential Upside | Analyst / Brokerage |
| Reliance (RIL) | ₹1,495 – ₹1,540 | ₹1,847 | ~20% | Morgan Stanley |
| Titan Company | ₹4,136 | ₹4,425 – ₹4,700 | ~14% | Motilal Oswal / Goldman |
| ITC Ltd | ₹337 | ₹485 | ~43% | CLSA / Ajit Mishra |
| IEX | ₹150 | ₹171 – ₹182 | ~21% | EquityPandit (Weekly/ST) |
Expert Rationale for Recommendations
1. Reliance Industries (RIL)
Market experts are bullish on RIL primarily due to its transition into a free cash flow (FCF) positive conglomerate.
Key Drivers: Expansion in the New Energy segment and steady ARPU growth in Jio.
Latest View: Morgan Stanley recently raised its target to ₹1,847, citing that all major business pillars (Energy, Retail, and Telecom) are now self-sustaining and delivering high value.
2. Titan Company
Titan remains a top pick in the consumption space, despite short-term "bearish" technical pressure in early January 2026.
Key Drivers: Strong market share (8%) in the organized jewelry sector and aggressive expansion of "Exclusive Brand Outlets."
Latest View: Analysts maintain a long-term "Buy" rating, noting that the company’s ROE of 31.8% and premium brand positioning make it a resilient compounder for 2026 portfolios.
3. ITC Ltd
ITC is being highlighted as a "value play" with a massive potential upside following a recent correction in the FMCG sector.
Key Drivers: Strengthening of core cigarette margins and the successful premiumization of its newer FMCG brands.
Latest View: CLSA included ITC in its "2026 Focus Portfolio" with a target of ₹485, suggesting it is significantly undervalued compared to its intrinsic worth (~₹540).
4. Indian Energy Exchange (IEX)
IEX is viewed as a high-conviction bet in the energy transition space, though technical experts warn of immediate resistance at ₹154.
Key Drivers: Dominant market share (over 98%) in the power exchange market and the introduction of new products like Carbon Credits and Renewable Energy Certificates.
Latest View: While some experts like Deven Choksey have advised caution in the very short term, technical analysts see a major breakout if it closes above ₹155.
Other Notable 2026 Picks
Waaree Energies: Target ₹3,691 (Nuvama)
HDFC Bank: Target upside of 13% (Ajit Mishra)
Larsen & Toubro (L&T): Target ₹4,500 (Gaurang Shah)
Pro Tip: With the Union Budget 2026 approaching in February, experts recommend accumulating these large-cap stocks on dips, as sectoral allocations in the budget often act as a catalyst for these specific names.
Would you like me to analyze the recent Q3 2026 earnings expectations for any of these specific companies?
No comments:
Post a Comment