Archive · 7 Sep 2026
Brokerages Recommend Buys Across Eleven Indian Stocks, Targeting Growth
Several brokerages studied 11 Indian companies and said their shares could rise.
They gave each company a Buy rating and a future price target.
The expected gains range from 16% for United Breweries to 140% for Sammaan Capital.
Analysts liked different things about the companies.
Sammaan Capital is changing from a wholesale lender into a retail-focused lender.
Adani Power is expected to add power-generation capacity and grow its earnings.
United Breweries is selling more premium beer brands, while IMFA plans to expand ferro-chrome capacity.
Emcure is focusing on complex medicines and international markets.
The brokerages also identified risks, including competition and execution challenges for Physicswallah.
Brokerages initiated or reiterated Buy views on 11 companies, with target-price upside ranging from 16% to 140%.
Sammaan Capital received the highest projected upside at 140%, with Ventura Securities setting a target price of Rs 377.70.
Motilal Oswal set a Rs 250 target for Adani Power, citing expected capacity additions and EBITDA growth through FY29.
Growth themes included premiumisation at United Breweries, capacity expansion at IMFA, and complex-product growth at Emcure Pharmaceuticals.
Physicswallah, Cera Sanitaryware, OnEMI Technology Solutions, Apollo Micro Systems, Leela Hotels and SEAMEC also received Buy ratings with stated targets.
- Who
- Eleven companies covered by Motilal Oswal Financial Services, Choice Institutional Equities, ICICIDirect Research, JM Financial, Systematix Institutional Equities, 360 One Capital, Antique Stock Broking and Ventura Securities.
- What
- The brokerages issued Buy ratings and target prices for the companies, projecting share-price upside of 16% to 140%.
- When
- The recommendations refer to estimates and forecasts through periods ranging from FY26 to FY29, depending on the company.
- Where
- The companies are primarily Indian businesses operating across education, finance, brewing, manufacturing, power, pharmaceuticals, hotels and other sectors.
- Why
- The brokerages cited company-specific growth drivers including capacity expansion, premiumisation, operating leverage, stronger asset quality, new products and improved market conditions.
- Companies covered
- 11 companies
- Common rating
- Buy
- Highest projected upside
- 140% for Sammaan Capital
- Lowest projected upside
- 16% for United Breweries
- Adani Power target
- Rs 250
- Physicswallah target
- Rs 200
- Sammaan Capital target
- Rs 377.70
- Forecast horizon
- FY26-FY29, depending on the company