Motilal Oswal Wealth Management Unveils Top Stock Picks for Trading Week
In its latest research report, Motilal Oswal Wealth Management Research Desk has highlighted two standout stock recommendations for investors to consider during the trading week commencing April 20, 2026. The brokerage has provided detailed target prices and a comprehensive rationale for selecting MTAR Technologies and Bharat Electronics, emphasizing their strong growth prospects and strategic market positions.
MTAR Technologies: Fueling Growth with Clean Energy Demand
MTAR Technologies, with a current market price (CMP) of ₹485, has been assigned a target price of ₹760, representing a significant upside potential of approximately 24%. The company is exceptionally well-positioned to capitalize on the expanded partnership between Oracle and Bloom Energy, which is expected to generate incremental orders valued between INR 14 billion and INR 17 billion. This surge in demand is primarily driven by the rising power requirements of global AI data centers, which are increasingly turning to reliable, on-site power solutions.
MTAR Technologies enjoys a formidable competitive advantage as a key supplier to Bloom Energy, holding an impressive 60–70% wallet share in critical assemblies for fuel cell components. This strong competitive moat underpins the company's projected robust growth trajectory over the fiscal years 2025 to 2028. Analysts forecast that MTAR will achieve a compound annual growth rate (CAGR) of 49% in revenue, 65% in EBITDA, and 90% in profit after tax (PAT), fueled by its strategic focus on clean energy solutions and the accelerating adoption of fuel cell technology for data center power needs.
Bharat Electronics: Defense Sector Powerhouse with Solid Order Book
Bharat Electronics, trading at a CMP of ₹463, has received a target price of ₹520, indicating an upside of about 12%. The company is supported by a robust order book exceeding ₹730 billion, coupled with sustained order inflows, positioning it favorably to benefit from large-scale platform programs across the Indian Army, Navy, and Air Force. A strong addressable market in the defense sector underpins expectations of sustained revenue growth exceeding 15% annually in the coming years.
Recent performance has been particularly impressive, with the third quarter of fiscal year 2026 showcasing revenues and margins that surpassed expectations. This was achieved through disciplined cost control, effective operating leverage, and superior supply-chain management, which has insulated the company from semiconductor shortages and commodity price volatility. Higher levels of indigenization have further contributed to better-than-expected profitability.
Looking ahead, Bharat Electronics is poised to capitalize on sizable upcoming orders, including projects such as QRSAM, Akash-NG, next-generation corvettes, and various base programs. Improved margins and healthy execution support management's guidance, with revenue and PAT expected to grow at a CAGR of 18% and 16%, respectively, over the fiscal years 2025 to 2028.
Investment Outlook and Key Considerations
The recommendations from Motilal Oswal Wealth Management Research Desk highlight two distinct yet compelling investment opportunities. MTAR Technologies leverages the booming demand for clean energy solutions in the tech sector, while Bharat Electronics capitalizes on India's expanding defense capabilities and indigenization efforts. Investors are advised to consider these stocks based on their individual risk profiles and investment horizons, keeping in mind the detailed growth drivers and market positions outlined in the report.
Disclaimer: The stock market recommendations, views on other asset classes, and personal finance management tips provided by experts are their own and do not represent the views of The Times of India or its affiliates. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.
