Archive · 7 Jan 2026
Oswal Pumps Stock Rises 2% on Nuvama Buy Rating
Oswal Pumps is a company that makes solar pumps used in farming.
On January 7, 2026, their stock price went up by 2% because a company called Nuvama gave it a buy rating.
Nuvama thinks the stock could go up by 40% because more farmers are using solar pumps.
The Indian government has schemes to help farmers use solar energy, which is good for Oswal Pumps.
Nuvama also said that Oswal Pumps makes many parts of the solar pumps themselves, which helps them control costs.
They think the company will grow a lot in the next few years.
However, there might be some delays in a government scheme called PM-KUSUM 2.0, and there is competition, but overall, they think Oswal Pumps is a good investment.
Oswal Pumps stock rose 2% to ₹514.45 after Nuvama initiated coverage with a buy rating.
Nuvama set a target price of ₹720, implying a 40% upside potential.
The brokerage highlighted strong growth prospects from India's solarization of agriculture.
Nuvama expects 21% revenue, 13% EBITDA, and 11% profit after tax CAGR over FY26–FY28.
Oswal Pumps is well-positioned to benefit from the growing adoption of solar pumps in agriculture.
- Who
- Oswal Pumps, Nuvama Institutional Equities
- What
- Stock price increase and buy rating with 40% upside potential
- When
- January 7, 2026
- Where
- BSE (Bombay Stock Exchange)
- Why
- Strong growth prospects in solar pumps due to government schemes and farmer adoption
- Stock Price
- ₹514.45
- Target Price
- ₹720
- Upside Potential
- 40%
- Revenue CAGR (FY26–FY28)
- 21%
- EBITDA CAGR (FY26–FY28)
- 13%
- Profit After Tax CAGR (FY26–FY28)
- 11%
- Solar Pumps Market Value (FY25)
- ₹16,500 crore
- Solar Pumps CAGR (FY25–FY30E)
- 11%
