Motilal Oswal said Samvat 2083 has begun on a cautious note, with an external energy shock weighing on market sentiment despite the resilience of the domestic economy. The West Asia conflict has kept Brent crude prices above $100 per barrel, pushing CPI inflation to 5.54% in September and prompting a 25 basis points repo rate hike to 5.50%. However, Motilal Oswal expects FY27 to mark a return to double-digit earnings growth, with Nifty earnings per share (EPS) projected to rise 16% and 14% year-on-year in FY27 and FY28, respectively, compared with 5% growth in FY26. Here are 10 stocks the brokerage is bullish on.
Kotak Mahindra Bank has a target price of Rs 500 against its current market price of Rs 416, indicating a potential upside of 20%. The bank is projected to deliver an EPS CAGR of 21% between FY26 and FY28E, with RoE estimated at 12.2% for FY27E.
Adani Ports has a target price of Rs 2,130 compared with its current market price of Rs 1,775, translating into a potential upside of 20%. Its EPS is projected to grow at a CAGR of 21% between FY26 and FY28E, while FY27E RoE is estimated at 14.6%.
Titan has a target price of Rs 6,000 against its current market price of Rs 4,600, implying a potential upside of 30%. The company is expected to deliver an EPS CAGR of 25% between FY26 and FY28E, with FY27E RoE projected at 36.1%.
Eternal has a target price of Rs 420 against its current market price of Rs 321, indicating a potential upside of 31%. Its projected EPS CAGR stands at 155% between FY26 and FY28E, while FY27E RoE is estimated at 2.6%.