Archive · 31 Dec 2025
Motilal Oswal Lists 10 Stock Picks for 2026
Motilal Oswal Financial Services has identified 10 stocks that they believe will do well in 2026.
These stocks are from different sectors like telecom, banking, IT, and manufacturing.
The company thinks that the Indian stock market will grow steadily in 2026 because of better corporate earnings and supportive government policies.
They have set target prices and expected growth for each stock.
For example, Bharti Airtel is expected to grow by 12%, and Eternal, the parent company of Zomato, is expected to grow by 46%.
The company also thinks that large-cap stocks are reasonably valued, while midcap and small-cap stocks need a more careful approach.
Motilal Oswal Financial Services listed 10 high-conviction stock picks for 2026, expecting earnings recovery and steady growth.
The Nifty ended 2025 with gains of nearly 10%, and MOSL expects corporate earnings growth to rebound to 9% in FY26.
Stock picks include Bharti Airtel, State Bank of India, HCL Technologies, Eternal, TVS Motor, Max Financial Services, Biocon, JK Cement, Poonawalla Fincorp, and Privi Speciality Chemicals.
MOSL expects Bharti Airtel to grow by 12%, SBI by 14%, and Eternal by 46% in 2026.
The company believes that large-cap valuations are relatively reasonable, while midcap and small-cap stocks warrant a more selective approach.
- Who
- Motilal Oswal Financial Services (MOSL)
- What
- Listed 10 high-conviction stock picks for 2026
- When
- 2026
- Where
- India
- Why
- Expecting earnings recovery and steady growth in the Indian stock markets
Optimistic View
Cautious View
Market Performance
Optimistic View
Motilal Oswal expects 2026 to be a year of recovery and steady growth, driven by improving corporate earnings, supportive domestic policies, and a revival in private sector investments.
Cautious View
Broader markets displayed mixed trends, with midcaps showing relative resilience, while small-caps witnessed sharper bouts of volatility.
Valuation
Optimistic View
Large-cap valuations are relatively reasonable after recent consolidation, suggesting a positive outlook for blue-chip stocks.
Cautious View
Broader market valuations remain elevated, indicating a need for a more selective approach in midcap and small-cap stocks.
- Bharti Airtel
- Target: ₹ 2,365, Upside: 12%
- State Bank of India
- Target: ₹ 1,100, Upside: 14%
- HCL Technologies
- Target: ₹ 2,150, Upside: 29%
- Eternal
- Target: ₹ 410, Upside: 46%
- TVS Motor
- Target: ₹ 4,159, Upside: 14%
- Max Financial Services
- Target: ₹ 2,100, Upside: 26%
- Biocon
- Target: ₹ 460, Upside: 16%
- JK Cement
- Target: ₹ 7,000, Upside: 23%
- Poonawalla Fincorp
- Target: ₹ 600, Upside: 27%
- Privi Speciality Chemicals
- Target: ₹ 3,960, Upside: 21%
Sources
From L&T Finance to Nykaa: Here are 5 biggest midcap gainers in 2025
Stocks to buy for long-term: From Bharti Airtel to SBI, Motilal Oswal lists 10 stock picks for 2026
Stock picks 2026: Eternal, SBI, HCL Tech, Airtel, Biocon among top bets by Motilal Oswal
2026 Stock Wishlist: Brokerages reveal high-conviction New Year picks
Indian equities seen scaling fresh highs by mid-2026 as domestic money trumps foreign outflows
