Archive · 9 Oct 2026
Choice Initiates Buy on Rishabh Instruments, Sees Further Upside
A brokerage called Choice has started covering Rishabh Instruments and says investors should consider buying its shares.
It set a target price of ₹830, which it said could mean a 22.5% gain from the cited share price.
The company makes measuring and automation products, and its main business supplied 69% of its FY26 revenue.
Choice expects demand to benefit from areas such as renewable energy, electrification and data centers.
It also sees potential in newer products and in the company’s high-pressure die-casting business.
The shares had risen 70% in 2026 to ₹677.90 when reported.
They also reached a record high of ₹852 last month.
These are the brokerage’s expectations, not a guarantee of future performance.
Choice International Equities initiated coverage on Rishabh Instruments with a Buy rating and a target price of ₹830.
The target implies 22.5% upside from the price cited in the report.
Electrical and Electronic Instruments accounted for 69% of the company’s FY26 revenue.
Choice cited electrification, renewable energy, industrial digitalization, data centers and energy efficiency as demand drivers.
The shares were reported up 70% in 2026 to ₹677.90, after reaching a record ₹852 last month.
- Who
- Choice International Equities and Rishabh Instruments.
- What
- Choice initiated coverage with a Buy rating and a target price of ₹830 per share.
- When
- The article reports the stock’s 2026 performance and a record high reached last month.
- Where
- The report concerns Rishabh Instruments shares; no specific location is stated.
- Why
- Choice cited structural demand drivers, newer product lines and a possible gradual recovery in the high-pressure die-casting business.
Growth opportunities
Risks and limitations
Further share-price gains
Growth opportunities
Choice sees potential for a further 22.5% rise to ₹830, supported by structural demand drivers and business expansion.
Risks and limitations
The article reports that the stock has already risen 70% in 2026 and reached ₹852, while also noting that the price shown was ₹677.90; the target is a brokerage forecast, not a guaranteed outcome.
High-pressure die-casting recovery
Growth opportunities
Choice expects new deals, a stronger order mix and improving non-automotive demand to support a gradual turnaround.
Risks and limitations
The turnaround is described as expected over time; the article does not establish that the anticipated recovery has already occurred.
- Brokerage rating
- Buy
- Target price
- ₹830 per share
- Implied upside
- 22.5%
- FY26 revenue share
- Electrical and Electronic Instruments contributed 69%
- Share price cited
- ₹677.90
- Share performance
- Up 70% in 2026, according to the article
- Recent record high
- ₹852 per share last month