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
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.
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.
