Motilal Oswal is a prominent Indian financial services firm, known for its expertise in equity broking, wealth management, asset management, and investment banking. The company offers research-backed investment strategies and personalized financial solutions to both retail and institutional investors.
The leading Indian broker Motilal Oswal has identified a list of high-conviction stocks and assigned a “Buy” rating, highlighting strong upside potential based on their analysis.
Here is the List of stocks to keep on your Radar
UltraTech Cement Limited
UltraTech Cement is India’s largest manufacturer of grey cement, white cement, and ready-mix concrete. A part of the Aditya Birla Group, it has a strong pan-India presence and also operates in the UAE, Bahrain, and Sri Lanka. The company is known for its high production capacity, focus on sustainability, and innovation in building solutions.
The stock is in focus after a leading indian brokerage firm, Motilal Oswal, initiated a Buy Target of Rs. 15,200 on it with an upto 23 percent Upside Potential from the previous day’s close.
Rationale
Motilal Oswal has maintained a bullish stance on UltraTech Cement, citing the company’s strengthened market presence in southern India, where its grey cement capacity mix has increased significantly. The management’s optimistic outlook on pricing and profitability in the region, and its increased grey cement capacity mix to around 27% currently from around 16% in FY23, along with a sharp rise in industry share, from 12% to 25%, supports the growth trajectory.
Additionally, UltraTech is on track to achieve its 200 MTPA capacity target ahead of schedule, reinforcing its leadership in the sector. These factors, combined with resilient pricing trends, provide strong earnings visibility and justify a “Buy” rating.
Coal India Ltd
Coal India Limited (CIL) is a state-owned enterprise and the world’s largest coal-producing company. It operates under the Ministry of Coal, Government of India, and contributes around 80% of India’s coal production. CIL plays a critical role in meeting the country’s energy demands and has multiple subsidiaries spread across coal-rich regions.
The stock is in focus after a leading indian brokerage firm, Motilal Oswal, initiated a Buy Target of Rs. 450 on it with an upto 14 percent Upside Potential from the previous day’s close.
Rationale
The brokerage maintains a positive long-term view on Coal India, supported by rising domestic coal production and reduced reliance on imports, with thermal coal imports down 10% YoY in FY25.
While near-term earnings may face pressure due to muted power demand and increased captive mining, higher e-auction volumes are expected to improve margins and support overall profitability. With coal demand projected to reach 1.3–1.5 billion tonnes by 2030, Coal India is well-positioned to benefit from sustained long-term demand, justifying a “Buy” rating.
Cummins India Limited
Cummins India Ltd is a leading manufacturer of engines, power generation equipment, and related technologies in India. It is a subsidiary of Cummins Inc., USA, and serves diverse sectors including automotive, industrial, power generation, and construction. The company is recognized for its strong engineering capabilities and focus on sustainable, efficient technologies.
The stock is in focus after a leading indian brokerage firm, Motilal Oswal, initiated a Buy Target of Rs. 4,500 on it with an upto 12 percent Upside Potential from the previous day’s close.
Rationale
The brokerage remains optimistic on Cummins India, projecting strong average annual growth of 16–17% in revenue, EBITDA, and profit over FY25–FY28. Despite rising competition, Cummins continues to dominate the domestic power generation market, especially in high-kVA segments, backed by a robust product portfolio and an extensive distribution network.
The power generation segment is expected to maintain a healthy 15% CAGR, driven by its strong market positioning and expanding offerings. These factors support sustained growth, making Cummins a good “Buy” candidate.
Written by Sridhar J
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