Motilal Oswal's Khemka Prefers L&T, Cautious on IndiGo, Bullish on Swiggy

Siddhartha Khemka, an analyst at Motilal Oswal, likes L&T more than Thermax and thinks it's a good stock to buy, with a target price of ₹4,500.

He thinks IndiGo might have some problems in the short term but could be strong in the long run, so new investors should wait for the next set of results.

He's happy with Premier Energies and other renewable energy companies.

For Swiggy, he believes the company is getting better at making money and expects its quick delivery service, Instamart, to start making a profit by the first quarter of the financial year 2027.

He also recommends buying Swiggy shares, with a target price of ₹550.