Stocks To Buy: Brokerage firm Motilal Oswal Financial Services has shared top research ideas. The top stocks that are on the brokerage's radar are Poonawalla Fincorp, Dabur and ACME Solar.
Poonawalla Fincorp Share Price Target
On Poonawalla Fincorp, Motilal Oswal has reiterated a BUY rating with a target price of Rs 560.
Poonawalla Fincorp shares closed nearly 4 per cent higher to close at Rs 424.40 on Monday (March 16). The target price of Rs 560 implies an upside of around 30 per cent from Monday's closing price.
Motilal Oswal said that Poonawalla Fincorp's diversified multi-product architecture, supported by a balanced mix of secured and unsecured lending, enhances earnings resilience and moderates credit cost volatility across cycles. The company continues to expand its product suite, distribution reach and geographic presence while leveraging AI-driven operating efficiencies to improve productivity without compromising asset quality.
"As profitability stabilizes and return ratios improve, this combination of disciplined growth and operating leverage should support gradual valuation re-rating over the medium term," it said.
Dabur Share Price Target
On Dabur, Motilal Oswal has maintained a Neutral view with a target price of Rs 515. The target implies an upside of more than 10 per cent from Monday's closing of Rs 457.
Motial Oswal said that domestic macro indicators are supporting a gradual consumption recovery, though persistent execution challenges keep us cautious. Factoring in near-term headwinds in Dabur’s international markets, the brokerage has cut its EPS estimates by 2-3 per cent.
ACME Solar Share Price Target
On ACME Solar, Motilal Oswal has a Buy rating for a target price of Rs 341, offering an upside of more than 30 per cent from Monday's close of Rs 245.70.
Motilal Oswal said that ACME Solar’s portfolio currently stands at 8.1GW (comprising ~3GW operational capacity and ~5.1GW under construction), with 78 per cent of capacity backed by PPAs, providing strong earnings visibility. In addition, ACME plans to fast-track BESS deployment linked to its FDRE projects, leveraging its existing operational sites.
