Long-Term Investment Opportunities: 10 Stocks Suggested by Rahul Ghose of Hedged with Potential Upside of Up to 43%

Indian Stock Market Sees Opportunity Amid Headwinds

The Indian stock market has started the financial year 2026-27 (FY27) amidst a plethora of headwinds. Massive foreign capital outflow, higher crude oil prices driven by the US-Iran war, rupee's weakness, and deteriorating macroeconomic outlook are keeping market sentiment fragile. The near-term outlook of the market remains hazy due to the West Asian war. Oil prices have been at higher levels for over a month now, and experts believe that if they remain at the current level for more than two to three months, India's inflation could rise by 55-60 basis points, and GDP growth may drop to near 6% from the current estimates of about 7%.

While risks are high, experts underscore that the current bearish trend is largely externally driven rather than fundamentally broken. Rahul Ghose, the founder and CEO of Octanom Tech and Hedged.in, believes that domestic institutional investors have decisively stepped up, providing a strong floor. He added that earnings growth is expected to revert to a 13-15% trend in FY27, and improving valuations, after meaningful corrections, are rebuilding the long-term investment case.

Key Stocks to Buy for the Long Term

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Ghose shares his top 10 conviction picks across sectors, expecting healthy returns from them over the next 1 year.

Ghose highlighted that these stocks have the potential to deliver strong returns due to their strong fundamentals, growth prospects, and improving valuations.

Historical Data Suggests a Bull Run

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Ghose pointed out that historical data from the 1990 Gulf War, 2003 Iraq War, and 2023 Israel-Hamas conflict consistently show that the Sensex delivers strong double-digit returns within 12 months as domestic macro cycles reassert themselves. He believes that the current situation is no exception and that the market will see a bull run in the coming months.

Near-Term Catalysts

Ghose underscored that the Q4FY26 results and FY27 revenue guidance are the near-term catalysts for several stocks, including Infosys, Eternal, and Larsen & Toubro. He also highlighted that the income tax relief, GST rationalisation, and the 8th Pay Commission will further underpin consumption demand through the year.

Conclusion

The Indian stock market is seeing an opportunity amid headwinds, with several stocks poised to deliver strong returns in the coming months. While risks are high, experts believe that the current bearish trend is largely externally driven rather than fundamentally broken. Investors who hold their nerve and invest in these stocks are likely to see healthy returns over the next 1 year.