India’s stock market faced volatility this week due to rising energy costs and geopolitical tensions in West Asia. Despite the setbacks, several companies remain promising investment opportunities according to top brokerages.
This week, as the situation in West Asia intensified, the local equities markets suffered. Energy costs sharply increased as a result. The largest single-day decline in the stock markets since June 2024 occurred on Thursday.
Market Recovery and Stock Recommendations
They did, however, recover some ground on Friday, and the Sensex and Nifty 50 ended the week up 0.08% and 0.2%, respectively. You may be thinking what stock would be best to purchase right now.
We picked ten companies from various industries after a number of leading research firms, including Motilal Oswal, Nomura, Anand Rathi Research, Nuvama Institutional Equities, and JM Financial, issued their most recent recommendations this week.
On LG Electronics, Motilal Oswal
Motilal Oswal, the biggest full-service brokerage business in the nation, maintained its “Buy” on LG Electronics. With a target price of Rs 1,860, it predicts that the stock will rise by more than 18% over the next 12 months.
Motilal Oswal’s experts went and spoke with the management of the LG Electronics India facility in Pune. They said that the supply of LPG is still mostly safe and that there would not be much disturbance from other fuels. With solid demand patterns and robust growth from January to March 2026, there is hope for the summer. A rise in secondary sales starting in April 2026 supports this.
On Waaree Energies, Nuvama
There is a renewed emphasis on the solar and renewable power industry, with Waaree Energies and other major firms in the forefront. With a target price of Rs 3,867, Nuvama maintained its “Buy” on Waaree Energies. This corresponds to a 21.4% increase over the current market price.
This advice comes after experts visited Waaree Energies’ five plant locations, which include giga-scale facilities for solar modules, cells, BESS, electrolysers, and inverters, as well as real-time knowledge of the growth plans.
Belrise Industries and JM Financial
JM Financial, a local brokerage company, maintained its “Buy” position on Belrise Industries and increased its target price from Rs 215 to Rs 225, suggesting a 22% increase from current levels.
The company’s most recent purchase, which the brokerage feels enhances long-term growth potential despite the possibility of modest short-term financial effect, serves as the foundation for its optimistic position. For about GBP 13.2 million (around Rs 163 crore), Belrise Industries has agreed to purchase a 100% share in UK-based Chester Hall Precision Engineering Holdings.
 On HDFC Bank, Motilal Oswal
Shares of HDFC Bank recently suffered a significant decline. The “assurance from the management team, Mistry’s nomination as an interim chairman, and the RBI’s backing of the bank’s corporate governance,” according to local brokerage Motilal Oswal, will help allay some of the worries.
Motilal Oswal maintained a “Buy” position in HDFC Bank and set a target price of Rs 1,100. This suggests a 38% increase above present levels. “The fast regulatory engagement and temporary leadership selection do give reassurance on operational continuity,” the brokerage said.
📈 Top 3 Stock Picks
- HDFC Bank: Target Rs 1,100 (+38%)
- Waaree Energies: Target Rs 3,867 (+21.4%)
- LG Electronics: Target Rs 1,860 (+18%)
On Reliance Industries, Nuvama
Nuvama kept Reliance Industries as “Overweight,” noting the company’s position in the energy, telecom, and retail sectors that contribute to stable profitability. The stock, which is now trading close to Rs 1,395, is anticipated to expand steadily thanks to better sector performance.
📊 Reliance Industries Share Prices (Year‑End 2019–2026)
- 2019: ₹683.64
- 2020: ₹904.62
- 2021: ₹1,079.43
- 2022: ₹1,161.49
- 2023: ₹1,292.43
- 2024: ₹1,215.45
- 2025: ₹1,538.60
- 2026: ₹1,401.30 (approx latest)
The brokerage highlighted Reliance Industries’ advantage of having many income streams that lessen reliance on a single company. However, it also recognizes that valuations are still high and that local and global energy developments may have an impact on performance.
On Varun Beverages, Motilal Oswal
With a target price of Rs 550, Motilal Oswal remained “Buy” on Varun Beverages, suggesting an upside of over 35%. According to the study, Varun Beverages had a quiet year in CY25, with volume growth of just 8% worldwide and 2% in India as a result of abnormally high rainfall that affected demand. Realizations also were mostly unchanged throughout the year, according to the study.
The brokerage notes that long-term growth should be supported by fundamental demand factors including enhanced cold-chain infrastructure, improved electrification, and retail development.
On Hindustan Copper, Anand Rathi
With a target price of Rs 650, Anand Rathi Research maintained its “Buy” position on Hindustan Copper, suggesting a 31.13% increase from current levels. They are beneficial in the long run because Hindustan Copper is less vulnerable to interruptions in the global supply chain since the majority of its chemicals are supplied locally.
Anand Rathi is optimistic about Hindustan Copper because it anticipates a long-term increase in its production capacity. In January, it was granted a composite license for the Baghwari-Khirkhori block, which, if operational, may let the business raise its output beyond FY31 and increase its ore production capacity above 12.2 million tonnes.
The Indian Hotels Company’s Nomura
Nomura lowered the target price from Rs 830 to Rs 800, suggesting a 28.6% potential, while maintaining “Buy” on The Indian Hotels Company. The brokerage firm acknowledged the recent volatility, but said that the fourth quarter earnings impact is probably going to be minimal and that the profits trajectory from FY26 to FY28 is expected to remain unchanged, with a compound annual EBITDA growth rate of 13% to 14%.
In recent months, there has been a greater discrepancy between Indian Hotels’ operational progress and its share price performance. Over the last six months, the stock has dropped 21%, while the Nifty 50 has dropped 8%. Nomura attributes this slump mostly to geopolitical worries rather than a downturn in company performance.
On Ipca Laboratories, Motilal Oswal
With a target price of Rs 1,820, Motilal Oswal gave Ipca Laboratories a “Buy” rating. “We estimate IPCA to produce a 13% revenue CAGR over FY26-28, underpinned by solid growth in domestic formulations and good pick-up in exports,” the brokerage research said.
According to the brokerage study, improved operational leverage will propel EBITDA and PAT growth at 17% and 16% CAGR over the same period. Ipca Laboratories is expanding into high-end cosmo dermatology and redesigning the cardiology line as part of a number of steps to bolster its domestic formulation division.
On Eternal, JM Financial
With a price objective of Rs 400, JM Financial maintained a “Buy” on Eternal, suggesting an increase of more than 80% from current levels. The survey claims that despite increased rivalry in rapid commerce and food delivery, as well as more general macro uncertainty, there remains optimism.
Competition and rapid commerce go hand in hand. Big businesses like Flipkart and Amazon are likewise expanding their dark shop networks and fiercely fighting on price and shipping costs since everyone wants a piece of the growing market. Blinkit is still fundamentally sound for Eternal, according to JM Financial.
🚀 Highest Potential: Eternal
- Current Price: Rs 220
- Target Price: Rs 400 (+80%)
- Industry: Rapid commerce & food delivery
- Brokerage: JM Financial
- Key Insight: Strong growth despite competition
Frequently Asked Questions
1. Is it safe to purchase these stocks right now?
These are research-based brokerage suggestions, but geopolitical concerns, inflation, and shocks to oil prices continue to cause market volatility. Investors should diversify their assets, assess their risk tolerance, and refrain from short-term speculating.
2. Which industry seems to be doing the best right now?
The banking, consumer, and renewable energy industries are resilient. Waaree Energies, HDFC Bank, and Varun Beverages are among the stocks that profit from India’s economy’s fundamental growth patterns and improved demand forecast.
3. What caused the current decline in markets?
Crude oil prices increased as a result of markets’ unfavorable reaction to growing geopolitical tensions in West Asia. This causes short-term volatility by affecting market mood, company margins, and inflation expectations.
4. Which stock has the most potential for growth?
Eternal’s expertise in rapid commerce makes it stand out with over 80% anticipated upside. However, because of competition and changing business economics, great potential also entails increased risk.
5. Are these stocks suitable for novice investors?
It is not advisable for novices to take advice without question. Rather of timing turbulent markets, people should study fundamentals, start with safe blue-chip companies or diversified funds, and invest gradually.
Conclusion
Despite instability, brokerage choices provide excellent chances in a variety of industries. To successfully manage volatile markets and attain long-term growth, concentrate on fundamentals, diversify assets, and match decisions with risk tolerance.
Disclaimer: This content is for informational purposes only and is not financial advice. Please consult a licensed financial advisor before making investment decisions.
