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.

2/11

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.

3/11

Adani Ports

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%.

ETMarkets.com

4/11

Titan

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%.

Agencies

5/11

Eternal

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%.

ETMarkets.com

6/11

BSE

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%.

ETMarkets.com

7/11

SPR Auto Components

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%.

ETMarkets.com

8/11

Shaily Engineering

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%.

iStock

9/11

Arvind

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%.

ETMarkets.com

10/11

Unimech Aerospace

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%.

ETMarkets.com

11/11

Symbiotec Pharmalab

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%.