What are Motilal Oswal's top stock recommendations for 2026?

Motilal Oswal's top picks include Groww, GAIL, and Mahanagar Gas, focusing on digital and gas transition stories.

What is the projected upside for GAIL stock?

Motilal Oswal has set a price target of Rs 215 for GAIL, indicating an approximate 23% upside.

How is Groww expected to grow its earnings?

Groww is expected to grow earnings by tapping its user base for new services like credit products and margin funding.

Home / Business and Economy / Groww, GAIL, Mahanagar Gas: Motilal Oswal's Top 2026 Picks

Groww, GAIL, Mahanagar Gas: Motilal Oswal's Top 2026 Picks

6 Jan

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Summary

Motilal Oswal initiates coverage on Groww with a 19% upside target.
GAIL's market value drop and upcoming tariff updates fuel 23% upside.
Mahanagar Gas targets 49% upside on expected volume growth.

Groww, GAIL, Mahanagar Gas: Motilal Oswal's Top 2026 Picks

Motilal Oswal Financial Services has identified Groww, GAIL, and Mahanagar Gas as key investment opportunities, projecting substantial growth by 2026. The brokerage favors companies with strong operational efficiency and expansion capabilities, supported by India's robust domestic demand.

Groww, India's leading digital broking platform, has initiated coverage with a 'Buy' rating and a price target of Rs 185, signaling a 19% potential upside. Analysts anticipate its EBITDA margins could reach 66% by FY28, driven by new credit products and organic customer acquisition.

GAIL and Mahanagar Gas are also recommended with 'Buy' ratings. GAIL's target of Rs 215 suggests a 23% upside, bolstered by an anticipated transmission tariff update in early 2026 and recovering gas demand. Mahanagar Gas, with a price target of Rs 1,700, expects nearly 49% upside due to projected 11% annual volume growth in its core markets.