Today, we recommend two stocks, one from the auto components sector and another from the financial services sector, recommended by the Trade Brains Portal, to buy for an upside potential of more than 21%. India’s stock exchange industry has experienced significant growth in recent years, expanding to cover a diverse array of asset classes such as equities, equity and currency derivatives, commodity derivatives, ETFs, mutual funds, debt instruments, interest rate derivatives, and power trading.
At the same time, the lead-acid battery sector plays a crucial role in the Indian economy by providing cost-effective energy storage and backup power solutions for key industries, including automotive, telecommunications, and renewable energy. We also analysed the market’s performance on Friday to understand what may lie ahead for the stock indices in the coming days.
1. BSE Ltd
- Current price: Rs 2,385
- Target price: Rs 2,875
- Upside: 20.5%
- Time frame: 12 Months
To view the report for the stock mentioned above or explore other stock recommendations, click here
Why it’s recommended
BSE, established in 1875, holds the distinction of being Asia’s first and the world’s fastest stock exchange. It offers an efficient and transparent platform for trading across multiple asset classes, including equities, currencies, debt instruments, derivatives, and mutual funds. BSE’s operations span a diverse range of business segments, such as Trading & Clearing, Distribution, Corporate Services, and Other Services.
It is the largest stock exchange in India and ranked 7th globally by market capitalisation as of March 31, 2025. A total of 5,452 companies were listed on the BSE. As of Q1 FY26, BSE’s total market capitalisation stood at USD 5.25 trillion. It had over 219 million registered investors, 46 registered mutual funds, and recorded an average daily turnover of Rs 131 lakh crore in equity derivatives.
In Q1 FY26, BSE reported a total income of Rs 1,044.45 crore, marking a 56% year-on-year (YoY) increase and representing its strongest quarterly performance in its 150-year history. Profit after tax rose by 104% YoY to Rs 538.17 crore. Transaction charges, including revenue from equity cash, equity derivatives, mutual funds, and clearing house operations, rose 84% YoY to Rs 737 crore in Q1 FY26, up from Rs 400 crore in Q1 FY25. Other operating income grew by 57% YoY to Rs 70 crore in Q1 FY26, compared to Rs 45 crore in the same period last year.
The company reported a net margin of 50% in Q1 FY26, a YoY increase of 1,100 basis points. BSE facilitated 21 new equity listings across the main and SME boards in Q1 FY26, raising Rs 14,237 crore. As of Q1 FY26, BSE had approximately 528 members, 79 lakh registered unique client codes (UCCs), and 330 foreign portfolio investors (FPIs). Transactions on the BSE Star Mutual Fund platform grew 30% YoY to Rs 18.3 crore in Q1 FY26 from Rs 14.1 crore in Q1 FY25.
As of Q1 FY26, the BSE Star Mutual Fund platform had expanded its presence to 721 cities, supported by a network of 80,977 distributors and 244.12 million registered investors. BSE surpassed 600 SME listings, with July 2025 marking a record month, adding 18 new listings that raised a total of Rs 880 crore. The platform has processed over 182.7 million mutual fund orders, with a transaction value of Rs 2.43 lakh crore.
Revenue from mutual funds grew at a CAGR of over 61% between FY21 and FY25, reaching Rs 61.2 crore in Q1 FY26. BSE is actively working to expand its market share across all segments through the launch of innovative products. It also aims to further scale its mutual fund operations, leveraging favourable investment trends such as rising household incomes, increasing financial savings, greater awareness of financial products, and higher investor participation.
Risk Factor
The company operates within a highly regulated environment and may face penalties, sanctions, or legal actions in case of non-compliance with applicable laws and regulations. Furthermore, any changes in government policies could adversely impact trading volumes across BSE-listed instruments. Economic downturns could also lead to reduced listing activity, trading, clearing, and settlement volumes, as well as diminished demand for market data.
2. Exide Industries Ltd
- Current price: Rs 400.65
- Target price: Rs 485
- Upside: 21%
- Time frame: 12 months
To view the report for the stock mentioned above or explore other stock recommendations, click here
Why it’s recommended
Exide Industries Ltd. is a prominent Indian battery manufacturer offering a wide range of lead-acid and lithium-ion batteries across automotive, industrial, and renewable energy sectors. Its product portfolio serves various vehicles, including cars, two-wheelers, and trucks, along with applications in inverters, UPS, telecom, railways, mining, and defence.
Exide’s battery capacities range from 2.5 Ah to 20,200 Ah. Operating in over 63 countries and with 11 manufacturing units across India, Exide expanded its footprint in FY25 by adding 14+ distributors and entering 13+ new automotive regions, while securing over 28 new industrial accounts in 20+ regions.
In FY25, Exide reported standalone revenue of Rs 16,588.11 crore, up 3.4% year-on-year, with a net profit of Rs 1,076.93 crore, marking a 2.27% increase. The company maintains a zero debt-to-equity ratio and strong operational cash flows, generating Rs 1,298 crore in FY25. In Q1 FY26, operating revenue rose 5.8% YoY to Rs 4,695.12 crore, an 8.3% increase from the previous quarter. EBITDA margin improved to 12% from 11% in Q1 FY25, supported by better pricing, an improved product mix, and cost optimisation in manufacturing.
Exide fully acquired Exide Energy Solutions Ltd. (EESL) to develop a greenfield energy storage facility with a planned 12 GWh capacity, built in two phases of 6 GWh each. This Rs 3,602 crore investment aligns with Exide’s vision of delivering integrated energy storage solutions “from molecule to megawatt.” The company invested an additional Rs 300 crore in Q1 FY26 and Rs 100 crore in July 2025 into EESL.
A partnership with SVOLT Tech Solutions aims to establish a turnkey lithium-ion cell manufacturing plant, with Phase 1 expanding capacity by adding four more production lines, totalling 6 GWh. These steps are designed to strengthen Exide’s position in the rapidly evolving battery market.
India’s automotive market, among the world’s largest, is expected to demand 120 GWh of batteries by 2030, driven by government incentives like the auto PLI scheme, state EV policies, and subsidies. ICRA forecasts EV sales penetration by 2030 at 25% for two-wheelers, 40% for three-wheelers, 30% for buses, 15% for passenger vehicles, and 12-16% for light commercial vehicles, presenting significant growth potential for Exide.
Risk Factors
Exide faces intense competition in the lead-acid battery segment from established players like Amara Raja and HBL Engineering, alongside numerous unorganised competitors. The company is also exposed to stringent environmental regulations due to the hazardous nature of raw materials such as lead, sulfuric acid, and lithium. Additionally, recent price volatility in critical materials like antimony and lead poses a risk to profit margins.
Market Recap 10/10/2025
On Friday, the Nifty 50 opened slightly on a negative note at 25,167.65, down -14.15 points from its previous close of 25,181.80. However, it bounced back and touched an intraday high of 25,330.75 before closing at 25,285.35, up by 103.55 points, or 0.41%. Technically, the index remained above all the 20/50/100/200-day EMAs on the daily chart.
The BSE Sensex also reflected a similar trend, opening at 82,075.45, down -96.65 points from its previous close of 82,172.10. It traded in a similar pattern to the Nifty 50 and settled at 82,500.82, marking a growth of 328.72 points, or 0.40%. Momentum indicators showed moderate strength, with the RSI for Nifty 50 at 50.74 and for Sensex at 50.11, both well below the overbought level of 70. The Nifty Bank Index closed in positive territory, rising 417.70 points, or 0.74%, to finish at 56,609.75.
Most of the sectoral indices ended in the green on Friday. The Nifty Realty Index was the major gainer, closing at 896.65, up 14.75 points, or 1.67%. Godrej Properties Ltd gained 2.97%, while other realty stocks like Brigade Enterprises Ltd, Prestige Estates, and SignatureGlobal India rose by up to 2.56%.
The Nifty Bank index was also the major gainer, rising by 126.50 points or 1.67%, closing at 7,695.80. UCO Bank, Indian Overseas Bank, and Punjab & Sind Bank Ltd all rose by up to 3.41%. Nifty Pharma index also jumped 282.05 points or 1.29%, closed at 22,218.25.
On the other hand, the Nifty Metal index was among the major losers during Friday’s trading session. The index closed at 10,261.55, down -94.65 points, or -0.91%. The top loser, Hindustan Copper Ltd, fell -5.38%, followed by SAIL, which fell -3.14%, and Hindustan Zinc Ltd, which fell -2.72%.
In contrast to Indian markets, the Asian markets were on a bearish trend on Friday. Hong Kong’s Hang Seng Index declined by -463.59 points, or -1.76%, to close at 26,289.00. Whereas, China’s Shanghai Composite Index was down at 3,897.03, losing -36.94 points, or -0.95%.
Japan’s Nikkei 225 Index declined -422.44 points, or -0.88%, finishing at 48,158.00. On the other hand, South Korea’s KOSPI Index closed higher at 3,610.60, up 61.39 points, or 1.70%. As of 4:43 p.m. IST, US Dow Jones Futures were trading at 46,410.72, up 50.31 points, or 0.11%.
This week, the Nifty index rose by 1.57%, or 391.10 points, and reached a nearly 1-month high, surpassing the 25,300-level. On Thursday, India and the UK announced the details of the CETA (Comprehensive Economic and Trade Agreement) between the two countries. It aims to increase market access, cut tariffs, and is expected to result in doubling the bilateral trade between the two countries by 2030.
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