Brokerages like Motilal Oswal Financial Services and Nuvama Wealth Management have updated their ratings on several Indian companies, providing investors with key stock recommendations for March 16, 2026. According to reports from ET Now and The Economic Times, these recommendations span across sectors including FMCG, NBFCs, renewable energy, and REITs, helping investors navigate the current market volatility driven by global geopolitical tensions, inflation concerns, and fluctuating commodity prices.
Motilal Oswal Financial Services has maintained a Neutral rating on Dabur India with a target price of ₹515. As reported by ET Now and The Economic Times, while the company is witnessing steady improvement in its India business, ongoing geopolitical uncertainties are likely to pressure raw material costs and weigh on global operations. The rating reflects a cautious outlook despite the company's domestic market strength, though recent management interactions with CFO Ankush Jain reveal that supply chain disruptions have impacted the international business, particularly MENA accounts which represent 8% of consolidated sales, potentially weighing on near-term consolidated performance. However, the company is expected to see gradual recovery in domestic consumption and continued traction in quick commerce channels.
Motilal Oswal Financial Services has maintained a Buy rating on Poonawalla Fincorp with a target price of ₹560. According to ET Now and The Economic Times, the company has largely completed its portfolio clean-up and balance sheet repair and is now entering a structurally stable growth phase, supported by a strengthened operating platform. The company has re-architected its business model with deeper AI-led integration across underwriting, fraud detection, risk analytics, collections, and targeted marketing, enabling sharper credit selection, faster turnaround times and more efficient customer acquisition. This rating suggests strong fundamentals and growth potential in the NBFC sector, with the company witnessing strong traction across its newly launched product segments, where new businesses already contribute ~11% of AUM and ~20% of quarterly disbursements, highlighting rising customer acceptance and increasing diversification.
Motilal Oswal Financial Services has maintained a Buy rating on ACME Solar Holdings with a target price of ₹341. As reported by ET Now and The Economic Times, the company offers strong earnings visibility supported by long-term power purchase agreements (PPAs), while potential upside from battery energy storage systems (BESS) provides an additional growth catalyst. The company's portfolio currently stands at 8.1GW (comprising ~3GW operational capacity and ~5.1GW under construction), with ~78% of capacity backed by PPAs, providing strong earnings visibility. With projects under construction being commissioned, operational capacity is expected to increase from ~2.5GW at end-FY25 to ~5.5GW by end-FY28, driving EBITDA/APAT CAGR of ~74%/76% over FY25–28. The brokerage has factored in a 74% EBITDA CAGR for the company over FY25 to FY28E, mainly due to capacity expansion, and notes that the company has already secured transmission connectivity for almost the entire pipeline, positioning it well for substantial generation and profitability increases as projects move from construction to operational phase.
According to the latest ET Now report, Motilal Oswal Financial Services highlights battery energy storage solutions (BESS) as a significant growth catalyst for ACME Solar. With the rising focus on renewable energy sources in India, energy storage solutions are becoming increasingly important for managing power on the grid. The accelerated expansion of ACME Solar's BESS solutions could offer incremental revenue opportunities to the company, with the brokerage pointing out that adoption of BESS in ACME's schemes could potentially lead to upside in earnings estimates over the next few years as policy support and storage tenders start to gain momentum. At the industry level, MOSL notes that the competitive landscape of independent power producers (IPPs) is changing as developers increasingly focus on hybrid solutions, integrated renewable portfolios, and storage-based projects to address evolving utility and grid operator needs. ACME Solar appears well-positioned within this transition with its execution capabilities, diversified portfolio of renewables, and focus on new technologies such as energy storage. The company is targeting ~2GWh commissioning in 4QFY26 and another ~2GWh in 1QFY27, with a broader goal of ~10GWh by end-CY27 under 25-year PPAs, representing a potential earnings upside with EBITDA guidance of ~₹1.7 billion per GWh assuming ₹5/unit arbitrage.
Nuvama Wealth Management has maintained a Buy rating on Embassy Office Parks REIT with a target price of ₹485. According to ET Now, Nuvama has expressed confidence in the REIT's business outlook and long-term value potential, particularly highlighting expectations of strong upside from GCC demand. This recommendation reflects positive sentiment toward the REIT sector amid current market conditions, with the company positioned to benefit from favourable market dynamics in the commercial real estate sector.
