Stocks to Buy: MTAR Technologies, Waaree and 3 Other Stocks That Can Deliver Returns of Up to 61%

Synopsis: Brokerages are bullish on five stocks, projecting potential upside ranging from 27 percent to 61 percent, highlighting strong growth opportunities for investors seeking high-return picks.

Investors have multiple opportunities across diverse sectors as brokerages turn optimistic on five high-potential stocks. These picks span renewable energy, automotive components, defence and aerospace, tyres, and financial services, reflecting strong growth prospects. Analysts project upside potential ranging from 27 percent to 61 percent, making them attractive options for investors seeking both sectoral diversification and high returns. Here are the stocks on which brokerages are bullish on

Waaree Energies Ltd

Waaree Energies Limited is India’s largest solar PV module manufacturer with over 22 GW of capacity, also offering EPC services, inverters, and battery storage. As a leading global renewable energy company, they operate in 25+ countries and are expanding into cell manufacturing.The company has multiple manufacturing facilities in India and has expanded into the US market.

With a market capitalization of Rs. 75,735 crore, the shares of Waaree Energies Ltd Ltd closed at Rs 2,633 per share, up by 0.49 percent from its previous close. The analysts of brokerage firm Emkay Global Financial Services have issued a ‘buy’ rating setting a target price of Rs 4,260 per share, indicating a potential upside of around 61 percent from Friday’s closing price.

Shriram Pistons & Rings Ltd

Shriram Pistons & Rings Ltd is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets. It supplies to top OEMs and aftermarket clients in India and overseas under the SPR and USHA brands. 

With a market capitalization of Rs. 12,924 crore, the shares of Shriram Pistons & Rings Ltd closed at Rs  2,934.05 per share, down by 1.87 percent from its previous close. The analysts of brokerage firm Emkay Global Financial Services have issued a ‘buy’ rating setting a target price of Rs 4,650 per share, indicating a potential upside of around 57.7 percent from Friday’s closing price.

MTAR Technologies Ltd

MTAR develops and manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors. MTAR has manufacturing footprints in Hyderabad with seven units spread across a 4 km radius and a dedicated export facility as well. In addition, the company also supplies specialised products such as Ball Screws, Water Lubricated Bearings, Roller Screws, Electro-Mechanical Actuation Systems, ASP assemblies etc. 

With a market capitalization of Rs. 11,644 crore, the shares of MTAR Technologies Ltd closed at Rs  3,785.50 per share, up by 5.75 percent from its previous closeThe analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating setting a target price of Rs 4,810 per share, indicating a potential upside of around 27 percent from Friday’s closing price.

Apollo Tyres Ltd

Apollo, established in 1972, manufactures automatic bias and radial tyres and tubes. It has plants in Kochi, Vadodara, Pune, and Chennai. The product profile includes prominent tyre brands in the T&B, light truck, passenger car, and farm vehicle segments in India, catering to both original equipment manufacturers, and the replacement market.

With a market capitalization of Rs. 27,985 crore, the shares of Apollo Tyres Ltd closed at Rs 440.65 per share, down by 0.74 percent from its previous close. The analysts of brokerage firm Emkay Global Financial Services have issued a ‘buy’ rating setting a target price of Rs 600 per share, indicating a potential upside of around 36.5 percent from Friday’s closing price.

Aditya Birla Capital Ltd

Aditya Birla Capital Limited (ABCL) is the financial services flagship of the Aditya Birla Group, offering a comprehensive suite of solutions including loans, insurance, investments, and payments. As a leading, diversified non-banking financial company (NBFC), it manages millions in assets and serves millions of customers through a nationwide, digital-first, and branch-led model.

With a market capitalization of Rs. 85,535 crore, the shares of Aditya Birla Capital Ltd closed at Rs 326.55 per share,down by 0.37 percent from its previous close. The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating setting a target price of Rs 415 per share, indicating a potential upside of around 27 percent from Friday’s closing price.

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