Archive · 10 Jan 2026
Nirmal Bang's Top Stock Picks for FY26
Nirmal Bang, a brokerage firm, has picked some top stocks for the year 2026.
They think that the government will make fewer changes to policies and taxes will be lower.
They have chosen different companies from various sectors like banking, IT, consumer goods, automobiles, and defence.
In banking, they like SBI and City Union Bank.
For IT, they prefer TCS and Coforge.
In the consumer sector, they recommend United Spirits and United Breweries.
For automobiles, they suggest M&M and Eicher.
In defence, India is trying to make more things locally and aims to produce and export a lot by 2029.
Nirmal Bang expects policy uncertainty to abate and tariffs to settle at lower levels by FY26.
Top stock picks include SBI and City Union Bank in banking, TCS and Coforge in IT, United Spirits and United Breweries in consumer goods, and M&M and Eicher in automobiles.
Rural demand is expected to outperform urban demand in the consumer sector.
The auto sector is expected to see a turnaround in FY26 supported by various economic factors.
India aims to expand its defence production to Rs3tn and exports to Rs500bn by 2029.
- Who
- Brokerage firm Nirmal Bang
- What
- Listed top stock picks for FY26
- When
- After factoring in micro and macro economic factors
- Where
- India
- Why
- To set the tone for FY26
- Brokerage Firm
- Nirmal Bang
- Expected Policy Uncertainty
- Gradual abatement
- Expected Tariff Levels
- Lower levels
- Banking Sector Picks
- SBI, City Union Bank
- IT Sector Picks
- TCS, Coforge
- Consumer Sector Picks
- United Spirits, United Breweries
- Automobile & Auto Ancillaries Picks
- M&M, Eicher
- Defence Sector Target
- Rs3tn production, Rs500bn export by 2029