According to reports from The Times of India, Motilal Oswal Wealth Management Research Desk has identified Crompton Greaves and ICICI Prudential AMC as top stock recommendations for the week starting August 24, 2026. Crompton Greaves is recommended at a current market price of ₹252 with a target price of ₹340, offering an upside potential of 35%. ICICI Prudential AMC is recommended at ₹3,281 with a target of ₹3,800, providing a 16% upside potential.
As reported by The Times of India, Crompton Greaves targets 13-14% revenue CAGR through FY29 and aims to double revenue by FY31. The company has expanded its total addressable market from ₹0.8 trillion to ₹1.6 trillion through new product development and adjacent categories including wires, water purifiers, and solar. Product launches increased to 211 in FY26, while new-product revenue contribution rose to 17%. In 1QFY27, revenue, EBITDA, and PAT grew 12%, 17%, and 15% respectively, despite commodity inflation and supply disruptions.
According to The Times of India, ICICI Prudential AMC maintains a leading position in India's mutual fund industry with MF QAAUM of ₹11.2 trillion and a 13.4% market share. The company's equity and equity-oriented AUM stood at ₹6.3 trillion, giving it a 14% market share. Equity QAAUM demonstrated strong growth at 33% CAGR over FY21-26, outpacing the industry's ~29% growth. The alternatives business has emerged as a key growth driver with QAAUM of ₹794.5 billion, growing at approximately 50% CAGR over FY23-26.
As reported by The Times of India, Crompton Greaves is estimated to achieve 13%/18%/21% revenue/EBITDA/PAT CAGR over FY26-FY28. The company targets EBITDA margin of 11-12% by FY29 and 12%+ by FY31, with new businesses expected to contribute ~20% of revenue by FY31. ICICI Prudential AMC is projected to grow revenue/EBITDA/PAT at 14%/13%/15% CAGR over FY26-28. The alternatives business is expected to grow at approximately 20% CAGR over FY26-28, with strong retail flows supporting earnings visibility.
According to The Economic Times, Prudential Corporation Holdings plans to sell up to 98.85 lakh shares of ICICI Prudential AMC on August 27, representing 2% of the asset manager's paid-up equity capital. If the entire stake is sold, the combined holding of promoters and promoter group will decline to 85.6% from 87.6%. The sale is being undertaken to meet minimum public shareholding requirements, with ICICI Bank and other Prudential entities staying out of the purchase to ensure genuine public shareholding increase. This strategic move comes as Prudential reshapes its broader India financial-services portfolio, including its recent ₹3,500 crore acquisition of a 75% stake in Bharti Life Insurance Company.
As reported by The Economic Times, ICICI Prudential AMC shares settled at ₹3,222.80 on NSE on August 26, down 2.10% from the previous close of ₹3,291.80. The stock has delivered a 22% return in 2026 so far and is up 49% from its IPO issue price of ₹2,165 and 24% from the listing price of ₹2,600. The company made its stock-market debut in November 2025 after raising ₹10,602.65 crore through an IPO. Last month, the asset manager reported a 23% year-on-year rise in net profit to ₹965 crore for Q1, compared with ₹784 crore in the year-ago period, with revenue increasing 18% YoY to ₹1,564 crore.
