7 hrs ago
Motilal Oswal Initiates Coverage on 10 Stocks Across Sectors
Motilal Oswal looked at 10 companies in different parts of the economy.
It thinks nine of them are worth a Buy rating, while it gave Torrent Power a Neutral rating.
The report gave each company a target price and estimated how much its share price might rise from October 5, 2026 levels.
Turtlemint had the biggest estimated rise, while Torrent Power had the smallest.
The reasons varied: some companies plan to add hospitals, stores or power capacity.
Others may benefit from digital payments, insurance sales, defence products or stricter vehicle rules.
These are the brokerage’s views, not guaranteed outcomes.
Motilal Oswal initiated coverage on 10 companies spanning healthcare, retail, education, power, defence, auto components, payments and insurance distribution.
Nine stocks received Buy ratings; Torrent Power received a Neutral rating.
Turtlemint Fintech Solutions had the highest stated upside, at about 165%, while Torrent Power had the lowest, at about 3%.
Target prices and upside estimates were based on October 5, 2026 market levels.
The brokerage linked its calls to company-specific growth drivers including expansion, new products, tighter emission standards and operating leverage.
- Who
- Motilal Oswal Financial Services; the report was authored by Anshul Agarwal and Deven Mistry.
- What
- The brokerage initiated coverage on 10 stocks, issuing nine Buy ratings and one Neutral rating.
- Where
- The companies and market discussed are in India.
- When
- The October strategy report used October 5, 2026 market levels for its upside estimates.
- Why
- The brokerage cited company-specific growth prospects, including expansion, rising capacity, new products and operating leverage.
Cautious market backdrop
Company growth opportunities
Market risks versus stock prospects
Cautious market backdrop
The report noted weakness in Indian equities, renewed foreign investor selling, higher global bond yields and elevated commodity prices that could pressure corporate margins.
Company growth opportunities
Motilal Oswal said valuations had cooled after the correction and highlighted growth drivers at the covered companies, including expansion, capacity additions and operating leverage.
Torrent Power rating
Cautious market backdrop
Motilal Oswal rated Torrent Power Neutral, with its Rs 1,270 target price implying about 3% upside.
Company growth opportunities
The brokerage said renewable capacity expansion could increase the business's scale and support earnings visibility.
Key facts
- Stocks covered
- 10
- Ratings
- Nine Buy; one Neutral
- Highest stated upside
- Turtlemint Fintech Solutions: about 165%
- Lowest stated upside
- Torrent Power: about 3%
- Highest-upside target price
- Turtlemint Fintech Solutions: Rs 180
- Neutral-rated company
- Torrent Power, with a target price of Rs 1,270
- Market reference date
- October 5, 2026
Quotes
Motilal Oswal Financial Services
Brokerage that initiated coverage on the ten stocks
“SPR Auto Technologies (SPR) is evolving from being a traditional piston manufacturer into a diversified, technology-driven, powertrain-agnostic mobility platform through strategic inorganic acquisitions. The piston business is a strong cash-cow franchise for SPR, supported by market leadership, ~500bp higher margins than the next peer and core RoCE of over 50%.”
financialexpress.com
“We believe V2’s merchandise discipline, robust store economics and deep cluster-led penetration across underpenetrated markets provide a durable competitive moat. We expect V2 to deliver revenue/pre-Ind AS EBITDA/PAT CAGR of 40%/38%/35% over FY26-29E, driven by ~450 store additions, mid-single-digit SSSG and fixed-cost dilution on a scaling network.”
financialexpress.com
Sources
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