1. Container Corp of India:

Motilal Oswal maintains its ‘Buy’ rating on this logistics company with a target price of Rs 980, a 31.5% upside. The company’s domestic volumes rose 12% in FY25, supported by its entry into new commodity segments. For FY26, it targets 13% overall volume growth (including 20% domestic), helped by high-margin segments and faster cargo movement through the dedicated freight corridor (DFC) — a rail line built exclusively for goods.

Analysts Alok Deora and Saurabh Dugar note that the Dadri–Mundra rail freight route, operational since May 2023, has already shifted a significant share of cargo from road to rail. With the full DFC set to be operational by FY26, more cargo from northern India is likely to shift toward the Jawaharlal Nehru Port Trust (JNPT), benefiting Container Corp due to its strong presence at the port.

Container Corp holds a strong market position, with around 58% share at JNPT and 56% across India as of March 2025. In FY25, the company invested Rs 810 crore, and plans to increase capex to Rs 860 crore in FY26. The funds will be used to expand its container and rake fleet, develop new terminals, and upgrade IT systems.

Deora and Dugar project a 10% CAGR in volumes and expect EBITDA margins to remain healthy at 23–24% over FY26–27.

2. Axis Bank:

Emkay reiterates its ‘Buy’ rating on this bank with a target price of Rs 1,400, a 14.6% upside. The bank’s management sees the RBI’s policy stance as supportive of credit growth but believes it is still too early to revise system-wide loan growth estimates. However, they expect Axis Bank’s credit growth to be 300–400 bps higher than the industry average.

Analysts Anand Dama, Nikhil Vaishnav, and Kunaal N note that the recent sharp cut in the RBI’s repo rate could put pressure on bank margins in H1FY26, especially in Q2. However, as deposit rates adjust downward, some of this pressure may ease in the second half. Axis Bank expects its net interest margin (NIM) to settle around 3.8% in the medium term, down from 4% in FY25.

The bank has no plans to introduce any new policy changes that might affect its non-performing assets or loan loss provisions (LLP). Dama, Vaishnav, and Kunaal believe the LLP has largely peaked and is unlikely to increase further.

3. Happy Forgings:

ICICI Securities initiates coverage on this forging company with a ‘Buy’ rating and a target price of Rs 1,150, an upside of 18.6%. Over FY20–25, the company’s revenue from commercial vehicles (CV) and farm equipment (FES) segments grew at a CAGR of 15% and 17%, respectively, outpacing the industry by a wide margin. This was driven by a broader product portfolio, the addition of new customers, and higher wallet share from existing clients.

Analysts Ronak Mehta, Vivek Kumar and Vishakha Maliwal expect CV volumes to grow at 4–5% over FY26–27, supported by the vehicle scrappage policy (a government initiative to remove old, polluting vehicles from roads).

Happy Forgings designs, manufactures, and supplies forged and machined parts that are essential for safety in automotive and other industries. In FY25, it secured new orders worth Rs 250 crore. As of March 2025, its order book stood at around Rs 650 crore, to be executed over the next 2–3 years. The company also expects to receive about Rs 300 crore in new orders over the next 12–24 months, mainly from the passenger vehicle (PV) and industrial export segments.

The company is expected to maintain high capex in the near term as it expands its forging and machining capacity by adding new 10,000-tonne, 3,000-tonne, and 4,000-tonne forging presses. HFL recently announced a capex of Rs 650 crore for heavy forging expansion, while analysts estimate total capex to reach Rs 850 crore over FY26–28.

4. Privi Speciality Chemicals (PSCL):

Ventura initiates a ‘Buy’ rating on this speciality chemicals company with a target price of Rs 3,253, implying a 42.8% upside. In FY25, revenue rose 19.9% to Rs 2,101 crore, while net profit nearly doubled to Rs 187 crore, driven by higher demand from Europe and North America and new product launches.

The management has planned an investment of Rs 1,100 crore by FY28 to increase its aroma chemicals production capacity to 54,000 million tonnes per annum (MTPA) from 48,000 MTPA. The company is also investing in backward integration, such as the procurement of raw materials and the generation of green energy, to lower power costs and increase efficiency. Analysts expect this to improve return on equity by 120 bps to 18.1% by FY28.

Analysts believe PSCL’s focus on improving its supply chain and expanding its distributor base in EMEA (Europe, Middle East, and Africa) by introducing new speciality aroma molecule products will help expand internationally. They expect revenue to grow at a CAGR of 19.5% over FY26–28, driven by capacity expansion, changing consumer trends, and growth in the value-added segment.

5. Lloyds Metals & Energy:

Axis Securities initiates a ‘Buy’ rating on this mining company with a target price of Rs 1,670, implying a 9.4% upside. Analysts Aditya Welekar and Darsh Solanki highlight the company's long-term mining rights at the Surjagarh mining complex till 2057 with 157 million tonnes of hematite ore. They expect this will support volume-driven revenue growth and provide raw material security over the long term.

The company plans to invest Rs 32,700 crore over the next 5–6 years to expand its infrastructure. This includes two 85 km and 190 km slurry pipelines for transporting ore to its steel plants, a 1.2 million tonnes per annum (MTPA) wire rod mill, and a 12 MTPA pellet plant at Konsari, Maharashtra.

Analysts note that Lloyds Metals does not pay auction premiums to the government, as it holds a mining lease under pre-2015 regulations. Peers with post-2015 leases pay an average 110% premium over the notified price. Analysts believe this gives Lloyds a cost advantage and greater pricing flexibility during down cycles.

In FY25, the company’s revenue rose 3% to Rs 6,721.4 crore, while net profit increased 16.6% to Rs 1,449 crore—both slightly below Forecaster estimates. During the year, Lloyds Metals acquired a 79.8% stake in Thriveni Earthmovers. Analysts believe this acquisition will help internalise mining operations and drive cost efficiency in FY26.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

(You can find all analyst picks here)