Diwali stocks by Motilal Oswal: Eternal, Adani Ports among 10 stocks with upside of up to 40%. See full list

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%.

BSE has a target price of Rs 4,000 compared with its current market price of Rs 3,502, translating into a potential upside of 14%. The exchange is projected to record an EPS CAGR of 21% between FY26 and FY28E, with FY27E RoE estimated at 40.9%.

SPR Auto Components has a target price of Rs 6,150 against its current market price of Rs 4,404, indicating a potential upside of 40%. Its EPS is projected to grow at a CAGR of 20% between FY26 and FY28E, while FY27E RoE is estimated at 17%.

Shaily Engineering has a target price of Rs 4,074 compared with its current market price of Rs 3,010, implying a potential upside of 35%. The company is projected to deliver an EPS CAGR of 48% between FY26 and FY28E, with FY27E RoE estimated at 25%.

Arvind has a target price of Rs 670 against its current market price of Rs 530, indicating a potential upside of 26%. Its EPS is expected to grow at a CAGR of 30% between FY26 and FY28E, while FY27E RoE is projected at 12.5%.

Unimech Aerospace has a target price of Rs 2,138 compared with its current market price of Rs 1,841, translating into a potential upside of 16%. The company is projected to record an EPS CAGR of 67% between FY26 and FY28E, with FY27E RoE estimated at 15%.

Symbiotec Pharmalab has a target price of Rs 1,430 against its current market price of Rs 1,168, indicating a potential upside of 22%. Its EPS is projected to grow at a CAGR of 23% between FY26 and FY28E, while FY27E RoE is estimated at 10.4%.
Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here​