8 high-conviction stock ideas from Prabhudas to add to your portfolio – Top picks

Prabhudas Lilladher slashed its Nifty target by 1.7% to 27,381, and said it recommends selective buying on dips for long-term capital gains. The brokerage said it believes sectors like capital goods, infrastructure, electronics manufacturing services (EMS), hospitals, pharma, tourism, auto, new energy, e-com, and jewellery are good themes to play at current valuations.

“Rural demand is recovering, but urban demand struggles with rising inflation. Government capital expenditure has decreased, raising concerns about meeting FY25 targets. Selective investments in sectors like capital goods and healthcare are recommended amidst these challenges,” the brokerage said.

Here is a list of 8 stocks across the small and mid cap categories from Prabhudas to add to your portfolio: