Eternal, Infosys, 8 other shares make Motilal Oswal’s Nifty stock idea list. Do you own any?

Following India’s sharp underperformance in FY26 and record FII outflows, a favorable base has likely been set for Indian equities. While the duration of the ongoing Iran-Israel war remains the key overhang, a resolution to the conflict is expected to release pent-up positive sentiment and help Indian markets recoup some of the losses and underperformance experienced in FY26. Here are 10 stocks that make Motilal’s Nifty idea list.

Shares of India’s second largest telecom player has tumbled 13% on a year-to-date basis. The stock is up 2% in the last five sessions. Premiumisation, supported by rising 5G penetration and continued expansion of 5G network sites, remains a key driver of ARPU growth.

The largest lender in India has seen its share price rise 12% in the last six months and about 8-9% since the beginning of the year. SBI has delivered the strongest performance among large banks and remains well positioned to sustain this momentum. The bank has raised its credit growth guidance to 13–15%, supported by a revival in corporate demand and steady traction in the RAM segment.

One of India’s leading private lenders has seen its stock price fall 5% since the beginning of the year and about 12% in the last 1 year. In Q4, it reported a net profit of Rs 13,702 crore in the fourth quarter of FY26, marking an increase of 8.5% year-on-year from Rs 12,630 crore reported in the same quarter last year.

One of India’s leading car manufacturers has seen its stock price tank 13% in the last 6 months and about 17% since the beginning of the year. In Q4, the company is expected to report a net profit in the range of Rs 3,236 crore to Rs 3,609 crore in the March quarter, according to estimates by four brokerages.

The Tata Group stock has risen 15% in the last six months and about 8% since the beginning of the year. In its Q4 business update, the firm announced a 42% year-on-year (YoY) jump in its domestic business, and a whopping 156% YoY surge in its international business, beating estimates.

The PSU defence major has risen 9% since the beginning of the year and about 37% in the last 1 year. Per Nuvama, BEL is expected to report modest execution in Q4FY26 with revenue growth of 3.6% YoY, while its order backlog strengthened to Rs 74,000 crore, providing "solid" medium-term visibility.

The Eternal share price is down 20% in the last six months and about 11% since the beginning of the year. Motilal Oswal says Eternal’s food delivery business remains stable, while Blinkit presents a long-term opportunity to benefit from disruption across sectors such as retail, grocery and ecommerce.

The Tata Steel share price has risen 19% in the last six months and about 50% in the last 1 year. The company reported its highest-ever annual production and deliveries in India for FY26, supported by capacity ramp-up and steady domestic demand, even as its European operations remained mixed.

One of India’s largest IT companies has seen its stock price has tanked nearly 30% since the beginning of the year and about 20% in the last six months. The company reported a 21% year-on-year rise in consolidated net profit for the quarter ended March 31, 2026, at Rs 8,501 crore, compared with Rs 7,033 crore in the same period last year.

The parent company of IndiGo, India’s largest airline by market share, has tanked 25% in the last six months and about 16% since 2026. Last month, the aviation major announced that it has named former Air India Express CEO Aloke Singh as its chief strategy officer, tasking him with steering the airline’s long-term plans. His role will include overseeing major initiatives such as the induction of Airbus A350 aircraft into the fleet and the development of hub airports.

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