Brokerages top picks for 2026: As the Indian markets get set to welcome 2026 several domestic and global brokerages have identified key sectors and stocks expected to outperform in 2026. With a robust IPO pipeline driving interest in market infrastructure, analysts from Jefferies, Motilal Oswal, and JP Morgan have narrowed their focus to four specific stocks where institutional sentiment appears to be converging.
While price targets and ratings vary, these firms cite structural shifts in financial services, telecommunications, and high-end IT engineering as the primary drivers for the next 18 months.
4 top bets for 2026
Here is a quick look at the 4 stocks that analysts are tracking closely and the investment rationale .
KFin Technologies
KFIN Technologies Ltd. has been in the spotlight amid the recent IPO rush, given its role in handling issuer and fund administration work.
Motilal Oswal Financial Services Ltd. has maintained a Neutral rating on the stock with a target price of Rs 1,200, indicating an upside of about 10% from current levels. Motilal Oswal says KFin remains a dominant player in the RTA space with strong cash generation, but current valuations cap near-term upside.
Jefferies continues to stay bullish on KFin Tech, with a Buy rating and a target of Rs 1,300, implying around 26% upside. Jefferies points to the Ascent acquisition as a growth trigger, which opens up fund administration opportunities in Europe and the Middle East. It expects international operations to contribute about 20% of revenue by FY27, compared with roughly 5% in FY25. Domestically, the brokerage flags KFin’s nearly 60% share in issuer RTA folios as a key source of stability, since revenues are not tied to transaction volumes.
Bharti Airtel
Telecom is also back in focus, with Bharti Airtel Ltd. trading in a narrow range while brokerages stay constructive. Jefferies has reiterated its Buy call and kept its target price at Rs 2,635, implying an upside of nearly 22%. Jefferies says Bharti is its preferred pick in Indian telecom, backed by a stable market structure, rising 4G and 5G usage, and steady revenue gains compared with Jio and Vodafone Idea.
ICICI Securities also has a Buy on Bharti Airtel with a target of Rs 2,450, offering about 17% upside. The brokerage points to Bharti’s strong average revenue per user of Rs 256 and healthy free cash flows. It also notes growth from the Nxtra data centre business, which is scaling capacity to 1GW, and the home broadband arm, which plans to double reach to 100 million homes. ICICI Securities expects tariff hikes by the end of FY26 to support margins.
Grasim Industries
Grasim Industries Ltd. continues to draw interest as analysts reassess its business mix beyond cement.
JPMorgan is Overweight Grasimwith a price target of Rs 3,300. The brokerage says the stock is largely valued as a cement play, while the paints, chemicals, and e-commerce businesses are being ignored at current prices.
ICICI Securities has maintained a Buy on Grasim with a target of Rs 3,480, suggesting close to 29% upside. The brokerage says Q1FY26 performance beat expectations, led by a sharp improvement in the chemicals business, while new segments such as paints and B2B e-commerce reported better-than-expected revenue with losses under control.
Coforge
Coforge remains on brokerage watchlists despite recent volatility in its share price. Motilal Oswal Financial Services has reiterated a Buy rating with a target of Rs 2,500, pointing to nearly 49% upside. The brokerage says the $2.35 billion Encora acquisition strengthens Coforge’s engineering depth and improves its scale in the US. Jefferies has a Buy on Coforge with a base target of Rs 2,180, nearly 30% upside, and says strong execution could take the stock to Rs 2,470. It attributes the recent decline to near-term dilution worries rather than business weakness.
As markets look toward 2026, these stocks stand out for the level of attention they are getting from both domestic and global brokerages, even as views on near-term upside differ.