The markets have kickstarted Monday on a positive note, but the Nifty is still below the 25,000 mark. In case you are wondering what kind of stocks you need to invest in, here are some Buy recommendations from Motilal Oswal. The leading domestic brokerage house sees as much as 42% upside in some of these counters.
Here is a detailed analysis of the 3 top Buy recommendations from Motilal Oswal at this hour-
Motilal Oswal on Reliance Industries: Focus on multi-decadal value creation
Motilal Oswal has a ‘Buy’ recommendation on Reliance Industries with a target price of Rs 1,700. This implies 25% upside for the RIL share price.
The brokerage house has rated the stock on the back of RIL Chairman’s FY25 AGM speech and the growth plan he charted out for the company. Mukesh Ambani reiterated his ambition to double RIL’s EBITDA by 2027 (vs. 2022 levels). He also set a timeline for the IPO of Jio Platforms. He plans listing by H1 2026. The Chairman targeted 20%+ retail revenue CAGR over the next three years, and unveiled AI and FMCG as the new growth drivers.
Motilal Oswal on SRF: To benefit from regulatory shifts
Motilal Oswal has reiterated ‘Buy’ on SRF with a target price of Rs 3,650 per share. This implies that the share price of SRF will see 29% upside from current levels. The brokerage house expects the company to “benefit from regulatory shifts and evolving global consumption patterns, particularly under the Kigali Amendment.” According to them, this will be led by its fully backward-integrated operations, robust supply chains, and strong international presence.
The Kigali Amendment categorizes countries into Non-Article 5 (developed nations) and Article 5 (developing nations, split into Group 1 and Group 2) with differentiated baseline periods and freeze years. India features under A5 Group 2 . The baseline for these countries is the average of CY24-26 plus 65% of HCFC usage and CY28 is the freeze year.
Motilal Oswal on Suzlon Energy: Positive on localisation
The Motilal Oswal target price for Suzlon Energy is Rs 80 per share. This implies nearly 42% upside for the Suzlon share price from current levels. The brokerage house has reiterated its Buy rating, as they see the company well-placed to benefit from favourable policy tailwinds, localised supply chain advantages, in-house R&D, and execution readiness vs. global and domestic peers.
Currently, most foreign players undertake only partial assembly in India, limited to blades and nacelles. Motilal Oswal pointed out that “with the framework mandating domestic content, localised R&D, and data centre operations, overseas OEMs will be compelled to either establish comprehensive manufacturing facilities in India or source components from domestic suppliers under ALMM.” This is expected to neutralise the pricing advantage historically enjoyed by overseas turbine manufacturers.