Pankaj Pandey of ICICI Securities highlights L&T and M&M among top long-term stock picks

Pankaj Pandey from ICICI Securities has identified five stocks for long-term investment, including Larsen and Toubro (L&T) and Mahindra & Mahindra (M&M). These stocks are seen as having strong growth potential and attractive valuations. The Indian stock market has faced challenges, with the Nifty 50 index down over 14% since its record high in September 2024. Concerns over global trade and economic indicators have contributed to this decline, leading experts to suggest focusing on quality stocks. L&T has a significant order backlog and expected revenue growth, while M&M leads in the SUV market and is expanding its electric vehicle offerings. Other recommended stocks include Indian Hotels Company, Narayana Hrudayalaya, and JK Cement, each with specific growth strategies and targets.