2 weeks ago
Macquarie rejigs India Super 6s, adds GE Vernova T&D
A bank called Macquarie studies companies in India and picks the ones it thinks will grow.
It keeps a list called the India Super 6s, with 18 companies on it.
The companies are split into three groups: Stars, Hitters and Rising Stars.
Macquarie just made a change: it removed Shree Cement and added a company called GE Vernova T&D India.
For every company on the list, Macquarie guesses a future price called a target price.
It thinks Lemon Tree Hotels could grow the most, going up by 65%.
Some companies have already done very well, like Delhivery, which grew 95% since joining the list.
Others, like ICICI Bank, have gone down a little bit.
This is just one bank's opinion, not a promise, and it is not advice to buy or sell stocks.
Before making money choices, grown-ups should talk to a financial expert.
Macquarie rejigged its India Super 6s basket, removing Shree Cement and adding GE Vernova T&D India, with all 18 stocks rated 'Outperform'.
The basket spans Stars (Divi's Laboratories, Titan, TVS Motors, JSW Steel, Bharti Airtel, ICICI Bank), Hitters (Marico, Dixon Technologies, Bharat Electronics, Cipla, Ashok Leyland, GE Vernova T&D India) and Rising Stars (Delhivery, Lenskart Solutions, UNO Minda, Tata Communications, Phoenix Mills, Lemon Tree Hotels).
Lemon Tree Hotels carries the highest implied upside at 65% (target Rs 180), while Bharat Electronics offers the top Hitters return at 34% (target Rs 550).
Delhivery is the best performer since inclusion, up 95%, followed by Divi's Laboratories (31%) and Titan (30%) among Stars; Shree Cement fell 8% before its removal.
ICICI Bank, hit by the RBI's dovish stance, fell 4% since inclusion but still offers the highest implied return (22%) among the Stars.
- Who
- Macquarie, the brokerage behind the India Super 6s research basket, and the 18 Indian companies it covers.
- What
- Macquarie rejigged its India Super 6s stock basket, dropping Shree Cement, adding GE Vernova T&D India, and setting target prices implying total shareholder returns of up to 65%.
- Where
- Indian equity markets.
- When
- Report dated August 14, 2026.
- Why
- To refresh its tactical ideas: Shree Cement was removed after falling 8% since inclusion and underperforming the MXIN index by 9%, while GE Vernova T&D India was added on expectations of growth from a stronger order pipeline, exports and margin recovery.
Key facts
- Brokerage
- Macquarie
- Basket size
- 18 stocks, all rated 'Outperform'
- Categories
- Stars, Hitters, Rising Stars
- Added
- GE Vernova T&D India (target Rs 5,470; 27% upside)
- Removed
- Shree Cement (down 8% since inclusion)
- Highest implied upside
- Lemon Tree Hotels, 65% (target Rs 180)
- Best performer since inclusion
- Delhivery, +95%
- Report date
- August 14, 2026
Quotes
Macquarie Research
Macquarie Research analysts
“"We expect a meaningful growth acceleration driven by a stronger order pipeline, improving exports and margin recovery, with new capacity commissioning through FY27,"”
financialexpress.com
“"Improving asset utilisation and operating leverage should support a sustained acceleration in earnings growth,"”
financialexpress.com
Sources
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