Motilal Oswal reaffirmed bullish ratings on Indian pharma, banking, manufacturing, and renewable energy stocks, with updated price targets and analysis.

Granules India Share Price Target

Rating: Buy | Target Price: ₹820

Granules India delivered strong quarterly earnings with EBITDA and PAT beating estimates.

Key Highlights

• EBITDA up 39.5% YoY to ₹3.5B; margin at 24%
• Adjusted PAT rose 47.5% YoY
• Growth driven by API and formulation sales

Motilal Oswal raised FY26/27 estimates on CDMO peptide expansion, ADHD product growth in the US, and complex generics rollout. The brokerage values the stock at 21x forward earnings and maintains a Buy.

Syrma SGS Technology Share Price Target

Rating: Buy | Target Price: ₹1,300

Syrma SGS Technology received a Buy recommendation with nearly 23% upside potential from the current market price.

23% upside from current market price.

Growth Drivers

• India’s EMS expansion, China+1, PLI support, strong orders

Motilal Oswal sees robust long-term growth from the country’s rising electronics manufacturing sector

Vinati Organics Share Price Target

Rating: Buy | Target Price: ₹1,700

Vinati Organics remains a preferred specialty chemical pick for Motilal Oswal.

The brokerage sees nearly 28% upside due to:

• Strong export demand
• Healthy margins
• Capacity expansion
• Diversified product portfolio

SBI Share Price Target

Rating: Buy | Target: ₹1,300

SBI is Motilal Oswal’s top PSU bank pick. Key positives: strong provision coverage, Tier-I capital above 13%, stable liabilities, and improving profitability. The brokerage expects SBI to gain from India’s economic recovery.

Inox Wind Outlook

Inox Wind continues to receive a Buy recommendation despite a lower target price.

Motilal Oswal remains positive due to India’s growing renewable energy investments and strong wind energy demand pipeline.

Asian Paints Share Price Analysis

Rating: Neutral | Target Price: ₹2,750

Asian Paints received a Neutral rating due to inflationary pressure and uncertain demand conditions.

However, the company expects high single-digit volume growth in FY27 supported by festive demand and improved market conditions.