IDFC First Bank, Aarti Industries Among Top MidCap Picks

IDFC First Bank Ltd., Aarti Industries Ltd., and Suzlon Energy Ltd. are three midcap stocks that Brijesh Ail of IDBI Capital recommends for long-term investment.

IDFC First Bank, established in 2015, is a private sector lender headquartered in Mumbai. Initially focused on infrastructure financing, the bank shifted to retail banking following its merger with Capital First in 2018. IDFC First Bank offers a range of services, including consumer banking, credit cards, and wealth management.

Ail sees the stock as a solid pick for the next three years, with a current price range of Rs 65-70. It has the potential to reach Rs 90 or higher in the long term, according to him.

He also identified Aarti Industries as one of the strong picks. The company, founded in 1975, is a leading manufacturer of specialty chemicals in India.

It produces chemicals used in various sectors, including pharmaceuticals, agrochemicals, and polymers. With a strong focus on sustainability and innovation, Aarti Industries has established itself as a global partner of choice for major customers.

Ail suggests Aarti Industries for a long-term outlook, predicting that the stock could surpass the Rs 600 level.

Another strong pick is Suzlon Energy. The company was established in 1995 and has installed over 21 GW of wind energy across 17 countries.

Ail recommends buying Suzlon at current levels, with a long-term target of the stock crossing the Rs 80 mark.

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