August has started on a rather disappointing note for the Markets. The Nifty has slipped below key levels, and the FII selling seems to be picking up pace with every passing day. The big question is what are the stocks to bet on in this kind of market? Well, to make your task simpler, Motilal Oswal has identified a list of stocks that it considers as ‘fundamental actionable idea’.
The leading domestioc brokerage house sees significant upside in the shortlisted stocks. Here is the complete list.
Motilal Oswal recommends Buy: ICICI Bank
Motilal Oswal has set a target of Rs 1,650 per share for ICICI Bank implying as much as 11% upside from current levels for the share price of ICICI Bank. According to the brokerage house, ICICI Bank’s results epitomise the saying, “When the going gets tough, the tough get going.” Over the past few years, “irrespective of the sectoral challenges such as unsecured asset quality issues, systemic growth moderation, liability accretion, or NIM headwinds, the bank has been able to deliver a stellar performance, beating Street expectations,” Motilal Oswal added.
They are maintaining the earnings estimates and elaborated that “the bank’s investment in technology has resulted in consistent productivity gains and steady improvement in cost ratios. Asset quality remains under control, while the bank continues to carry a contingency provisioning buffer of 1% of loans.”
The continued improvement in asset mix and limited NIM compression, though the bank indicated further pressure on margins in Q2 as repricing happens fully, are the other factors supporting the Buy call.
Motilal Oswal recommends Buy: Suzlon
Motilal Oswal has a Buy recommendation on Suzlon Energy. They expect an upside of as much as 34% and set the target price at Rs 82 per share. One of the key factors driving this optimism is the Ministry of New and Renewable Energy amendment mandating use of major wind turbine components from the Approved List of Models and Manufacturers (Wind Turbine Components).
Thos amendment also includes mandatorily locating the Wind Turbine R&D Centre, Data Centre, and/or Servers within India to strengthen the cybersecurity ecosystem. This amendment is seen as a significant positive for domestic players such as Suzlon. Suzlon, being a market leader with domestic manufacturing across all major components, “is well positioned to gain market share under the new framework in the near to medium term,” the brokerage added.
Motilal Oswal recommends Buy: Kaynes Technologies
Another big Buy recommendation by Motilal Oswal- Kaynes Tech. The domestic brokerage house has set a target of Rs 7,300 per share. This implies an upside of 18% from current levels for the Kaynes Technology share price. The brokerage house highlighted that Kaynes “exhibited a robust operating performance in Q1FY26 with a robust order book of Rs 7,400 crore as of June, 2025. The company is likely to sustain strong revenue growth momentum going forward.”
Moreover, they believe that the company “appears well-positioned to sustain growth and profitability going ahead on the back of improving operating leverage.” Moreover, a favourable order mix and continued investments in high-tech verticals is expected to support the positive call.
Motilal Oswal recommends Buy: Time Technoplast
Another ‘fundamental actionable idea’ as per Motilal Oswal is Time Technoplast. The brokerage house a Buy rating with a target of Rs 578 per share on Time Technoplast shares. This implies an upside of 24% from current levels.
According to the leading domestic brokerage house, “Our robust outlook is backed by moderate but stable growth in Established Products (12% revenue CAGR), alongside strong anticipated performance in VAP (20% revenue CAGR, 18%+ EBITDA margin).”
Despite annual capex of Rs 170 crore, they expect the company’s “pre-tax RoCE/RoIC to expand from 18.2% each in FY25 to 23%/26% in FY28.”
Some of the key factors supporting this outlook include “healthy operating results, better efficiency (sales/gross-block to rise from 1.6x in FY25 to 2.1x in FY28E), and tightening of delivery cycles.”
Motilal Oswal recommends Buy: LT Foods
Another interesting pick by Motilal Oswal, LT Foods, also gets a Buy recmmendation. The brokerage house has a target price of Rs 600 per share. This implies an upside of as much as 23% from current levels. According to Motilal Oswal, LT Foods showcased growth in both India and international markets, and they expect this momentum to continue on the back of “India’s leading position in the global basmati market (80% global export market share), continued shift from unorganised to organised players in the domestic market, margin expansion, and new plant and partnerships with top four retail chains in the UK.”
Additionally, the rising global adoption of basmati rice is also seen as supporting the positive recommendation.