Stocks to Buy in 2026 for Long Term: IGL, Siemens Energy Among 5 Stocks that Could Give 10-40% Return

Why It Matters

Analyst confidence signals that sector‑specific growth catalysts can outweigh short‑term market volatility, guiding long‑term investors toward higher‑return opportunities.

Key Takeaways

• IGL target ₹235, 41% upside from ₹166.
• Siemens Energy target ₹3,600, 31% upside.
• Lupin projected 15% gain, target ₹2,540.
• ONGC expected 19% rise, target ₹320.
• Deepak Nitrate accumulate, 12% upside to ₹1,858.

Pulse Analysis

India’s equity market has been navigating heightened volatility, yet several brokerages remain bullish on select large‑ and mid‑cap stocks. By focusing on companies with clear earnings tailwinds—such as infrastructure‑linked utilities, renewable power, and essential commodities—analysts are betting that sector fundamentals will drive price appreciation despite broader market swings. This strategic tilt toward diversified growth themes reflects a broader shift among investors seeking resilient, long‑term value in a post‑pandemic economy.

Indraprastha Gas (IGL) and Siemens Energy lead the shortlist, each offering more than 30% upside potential. IGL benefits from expanding city‑gas pipelines and a regulated tariff regime, positioning it to capture rising domestic energy demand. Siemens Energy, meanwhile, is capitalising on the global transition to green power, leveraging its wind turbine portfolio and hydrogen projects to boost revenue streams. Both firms exhibit strong balance sheets and clear growth roadmaps, making them attractive candidates for investors targeting multi‑year capital appreciation.

The remaining three picks—Lupin, ONGC, and Deepak Nitrate—round out a sector‑balanced portfolio. Lupin’s robust drug pipeline and export growth underpin its modest upside, while ONGC’s strategic focus on deep‑water exploration and cost optimisation fuels its 19% target. Deepak Nitrate, a key player in nitrogen‑based fertilizers, stands to benefit from government‑driven agricultural stimulus. Collectively, these recommendations illustrate how targeted stock selection across varied industries can enhance portfolio resilience and deliver meaningful returns in the 2026 horizon.

Stocks to buy in 2026 for long term: IGL, Siemens Energy among 5 stocks that could give 10-40% return

By Kshitij Anand, ETMarkets.com · Feb 17 2026, 07:25:21 AM IST

Brokerage Recommendations

Brokerages remain constructive on select large‑ and mid‑cap names, highlighting meaningful upside potential despite recent market volatility. Below is a compilation of recommendations from top brokerage firms.

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1. Motilal Oswal on IGL

• Rating: Buy

• Target price: ₹235

• Current LTP: ₹166

• Potential upside: 41 %

Motilal Oswal has reiterated its Buy rating on Indraprastha Gas Ltd (IGL) with a target price of ₹235. At the current price of ₹166, the brokerage sees a potential upside of 41 % from current levels.

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2. Motilal Oswal on Siemens Energy

• Rating: Buy

• Target price: ₹3,600 (up from ₹3,400)

• Current LTP: ₹2,738

• Potential upside: 31 %

Motilal Oswal has maintained its Buy call on Siemens Energy Ltd, raising the target price to ₹3,600 from ₹3,400. At the current market price of ₹2,738, this implies a potential upside of 31 %.

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3. Citi on Lupin

• Rating: Buy

• Target price: ₹2,540 (up from ₹2,260)

• Current LTP: ₹2,199

• Potential upside: 15 %

Citi has retained its Buy recommendation on Lupin and increased the target price to ₹2,540 from ₹2,260. With the stock trading at ₹2,199, the brokerage estimates a potential upside of 15 %.

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4. Elara Capital on ONGC

• Rating: Buy

• Target price: ₹320 (up from ₹304)

• Current LTP: ₹267

• Potential upside: 19 %

Elara Capital has reiterated its Buy rating on Oil and Natural Gas Corporation (ONGC), revising the target price upward to ₹320 from ₹304. At the current price of ₹267, the stock offers a potential upside of 19 %.

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5. Elara Capital on Deepak Nitrate

• Rating: Accumulate

• Target price: ₹1,858

• Current LTP: ₹1,648

• Potential upside: 12 %

Elara Capital has maintained its Accumulate rating on Deepak Nitrate with a target price of ₹1,858. Given the current market price of ₹1,648, the brokerage sees a potential upside of 12 %.

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Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.