According to reports from Business Standard, Motilal Oswal Wealth Management Research Desk has identified Reliance Industries (RIL), Bharat Electronics (BEL), ACME Solar Holdings, Lenskart Solutions, Delhivery, and Gokaldas Exports as their top monthly stock picks. The recommendations span across large-caps, mid-caps, and small-caps, with each company positioned to benefit from specific growth drivers and market opportunities.
Reliance Industries (RIL) has been assigned a target price of ₹1,655, with analysts expecting the company to enter its next phase of growth driven by continued momentum across digital, retail, and new energy businesses. The telecom segment is projected to remain the largest growth driver, supported by tariff hikes, market share gains, and expansion of home broadband and enterprise services. Retail is expected to benefit from store additions, improved productivity, and the scaling up of hyperlocal offerings, while investments in artificial intelligence and clean energy are expected to strengthen long-term growth prospects. As reported by Motilal Oswal, consolidated EBITDA and profit are estimated to grow at around 9–10 per cent CAGR over FY26–28, with the company well positioned to generate strong free cash flows and reduce net debt.
Bharat Electronics (BEL) has been given a target price of ₹510, entering a strong order inflow cycle supported by large opportunities across air defence, electronic warfare, radar, missile, naval, and anti-drone programs. According to Motilal Oswal, management sees an additional ₹200–250 billion order opportunity over the next 2–3 years post-QRSAM, providing robust revenue visibility. The evolving defence environment and increasing focus on indigenization continue to strengthen BEL's positioning across high-priority domestic and export segments. A large order backlog, healthy execution, and sustained margin profile are expected to support earnings growth and operating leverage.
ACME Solar Holdings has been assigned a target price of ₹410, remaining well positioned to benefit from India's accelerating renewable and energy storage transition. As reported by Motilal Oswal, ACME secured PPAs for 65 per cent of its 5GW pipeline and reported operationally steady Q4FY26 results with revenue/EBITDA at ₹5.5 billion/₹4.8 billion and PAT at ₹1.3 billion. Operational capacity reached ~2.99GW, while 2.3GWh BESS capacity has started contributing through merchant and short-term peak power opportunities. The company targets commissioning 1.5GW renewable capacity and ~10GWh BESS by FY27-end with merchant BESS margins guided at 75-80 per cent. Lower financing costs, improving execution visibility and disciplined capital allocation support earnings growth outlook.
Lenskart Solutions has been given a target price of ₹650, having built a differentiated omnichannel eyewear platform through vertically integrated manufacturing, supply-chain automation, technology-led customer acquisition, and a multi-brand portfolio across mass and premium categories. According to Motilal Oswal, Lenskart delivered strong Q4FY26 performance with consolidated revenue growing 41 per cent YoY and EBITDA doubling with 380bp margin expansion. The company expects growth momentum to remain supported by accelerated store additions, deeper Tier-2 penetration, AI-led operating transformation, and supply-chain localization initiatives. Revenue, EBITDA, and PAT are projected to deliver 25 per cent/42 per cent/44 per cent CAGR over FY26-28E, with adjusted PAT surging 2.3x YoY excluding the prior-year Owndays-related one-off gain.
Gokaldas Exports has been assigned a target price of ₹1,110, operating across India, Kenya, and Ethiopia with garment manufacturing capacity of about 92 million pieces annually (52 million in India and 40 million through Atraco in East Africa). The company also owns a 19 per cent stake in BTPL, strengthening fabric sourcing and integration. As reported by Motilal Oswal, the India garment business is projected to grow at 10 per cent CAGR during FY26–FY28 with operating margins of 12–13 per cent. Atraco is expected to deliver a 26 per cent CAGR over the same period, supported by higher utilization, while BTPL is projected to generate ₹6.6 billion in revenue by FY28. The acquisition of Ecom Express further strengthens network density, scale, and market share, while improving profitability and operating leverage. Gokaldas Exports has long-term direct partnerships with major brands including Gap Inc., Carhartt, Columbia Sportswear, JCPenney, and Abercrombie & Fitch, with these top five customers contributing roughly 65–70% of revenue.
