Motilal Oswal 5 buy picks: Initiates coverage on Pine Labs, upgrades one & names 3 more to buy now

Brokerage firm Motilal Oswal has initiated or reiterated buy ratings on five companies, citing strong growth potential across payments, cement, wealth management, solar energy, and IT services.

Target price: ₹250 (30% upside from ₹192). Pine Labs' merchant payment platform is expected to see 24% revenue growth annually through FY28, powered by a new 0.4% transaction fee and rapid expansion of its issuing business.

Target price: ₹146 (25% upside from ₹117). Strong volume growth and a successful expansion into North India are expected to drive 20% annual revenue growth through FY28, with costs falling as new plants stabilize.

Target price: ₹1,300 (21% upside from ₹1,073). With India's population of $30 million-plus earners set to grow past 25,000 by 2031, this wealth manager is expanding its advisory team to capture more of that market.

Target price: ₹508 (23% upside from ₹412). A record order book of ₹97 billion and new cell manufacturing capacity are set to nearly double the company's profit margins by FY28.

Target price: ₹2,200 (23% upside from ₹1,793). The IT firm has invested $58 million in AI tools that already cut costs like vehicle inspections by more than half, positioning it as a top pick in enterprise automation.

Worth noting: these are brokerage price targets and opinions, not guaranteed outcomes.