1. InterGlobe Aviation (Indigo):

Motilal Oswal maintains a ‘Buy’ rating on this airlines stock with a target price of Rs 6,900, a 19.4% upside. Indigo’s capacity, measured by available seat kilometres (ASK), rose 17% YoY in Q1. The company expects slower growth in Q2 due to seasonal factors and maintenance work. However, management says a ramp-up is coming in the second half, as new aircrafts enter the fleet and grounded planes return to service.

Analyst Sumant Kumar also expects a stronger recovery in the second half of the year, supported by new aircrafts, more international flights, rising business travel, and a higher number of weddings than last year. He also notes that Indigo is benefiting from lower fuel prices and a reduction in costly short-term aircraft leases, both of which supported profit growth in Q1.

Indigo is moving to finance leases, where it can own the aircraft at the end of the lease term, rather than relying on expensive short-term leases. This gives it more control over its fleet and supports its plan to build in-house maintenance capabilities. Kumar expects the company’s revenue and net profit to grow at a CAGR of 9% and 18.2% over FY26–27.

2. Jio Financial Services:

Geojit BNP Paribas upgrades its rating to 'Buy' on this financial firm with a target price of Rs 361, an 8.5% upside. In Q1FY26, the company’s net interest income rose 22.9% YoY to Rs 514 crore, supported by higher operational income. However, total expenses more than tripled as Jio Credit borrowed from external markets to fund its expansion, leading to higher finance costs. As a result, net profit grew just 3.8% during the quarter.

Jio Fin Serv is focusing on secured lending in FY26 to manage its risks better and build long-term growth. This approach is already showing results, with Jio Credit (its lending arm) logging a 54X YoY growth in its loan book, to Rs 11,665 crore in Q1FY2.

Analyst Gopika Gopan notes that the company’s joint venture, Jio BlackRock Asset Management, got the green light to begin operations in May 2025. It quickly launched its first fund, which received strong interest from both institutional and retail investors. She expects Jio Fin Serv’s NII to grow at a CAGR of 25% over FY26–27.

3. TVS Motor Co:

Axis Direct upgrades its rating to 'Buy' on this 2-wheeler company with a target price of Rs 3,085, an upside of 3.4%. TVS Motors posted its highest-ever exports at 3.7 lakh units in Q1FY26. With domestic sales slowing, analyst Shridhar Kallani notes that rising exports are helping support overall business. Demand in Sri Lanka and Nepal is improving, and Latin America offers strong potential for growth. Exports now contribute nearly 28% of TVS’s total revenue.

The company’s revenue rose 20% YoY in Q1, driven by higher sales and better pricing. Net profit grew 35%, helped by a PLI incentive and slightly higher other income. Both revenue and profit were above Forecaster estimates.

Norton, a British motorcycle subsidiary of TVS, will begin commercial production in the second half of this fiscal year, with full-scale launches in Europe by FY27, followed by India. Kallani notes that this move will help TVS enter high-margin premium bike segments while also boosting its global visibility and sharing advanced technology across models.

Analysts expect domestic demand to also improve in the coming months, supported by a normal monsoon, the festive season, rising consumption, and a stronger replacement cycle. Tax reliefs announced in the Union Budget are also likely to boost spending.

4. GE Vernova T&D India:

ICICI Securities maintains a ‘Buy’ rating on this industrial machinery maker with a target price of Rs 3,000, a 6.4% upside. In Q1FY26, the company's revenue rose 38.7% YoY to Rs 1,346.4 crore, and net profit grew 116.5%, supported by higher exports and strong project execution.

Analysts Mohit Kumar and Mahesh Patil note that the government plans to upgrade power transmission lines to 900 gigawatts (GW) of capacity, up from 485 GW, by 2030, with an investment of Rs 3.4 lakh crore to meet rising power demand. They expect this investment in transmission projects to drive GE Vernova's order book in the medium term.

Management expects Power Grid Corporation to launch two high-voltage direct current (HVDC) contracts in FY26 with an order potential of over Rs 17,000 crore. Analysts note that the company's order book doubled to Rs 13,000 crore in Q1FY26 and expect strong revenue visibility over the next 18–24 months. They believe GE Vernova is well-positioned to benefit from upcoming domestic and export orders and expects its revenue to grow by 25% over FY26–28.

Sandeep Zanzaria, CEO, notes, “We plan to invest Rs 250 crore to expand manufacturing capacity for HVDC valves and control units amid rising demand from Asia, the Middle East, Korea, and Europe markets. We expect exports to account for 30% of the total order book in the long term, compared to 14% now.”

5. Voltamp Transformers:

Prabhudas Lilladhar maintains a ‘Buy’ rating on this heavy electrical equipment player with a target price of Rs 10,285, a 21.2% upside. In Q1FY26, revenue declined 1% YoY to Rs 423.5 crore due to lower order billing and higher employee costs, while net profit rose marginally to Rs 79.5 crore, supported by an increase in other income.

Analysts Amit Anwani and Prathmesh Salunkhe note that the company's order book increased 18.3% YoY to Rs 1,260 crore in Q1FY26 due to the execution of orders with shorter delivery timelines of under nine months. This helped the company secure a higher order book and reduced supply chain uncertainty. 

Management expects to see strong demand for power transformers, helped by rising public and private sector capital expenditure across data centres, cement, oil & gas, and the green energy industry. Analysts note that to meet this growing demand, Voltamp is ramping up its 6,000 megavolt-ampere (MVA) capacity with a Rs 200 crore investment, expected to be operational by Q1FY27.

Analysts expect rising competition in 220-kilovolt (kV) power transformers and higher capacity additions to stabilise Voltamp's EBITDA margin at around 18.9% over the medium term. They also expect its strong market position in industrial transformers and strong demand momentum to grow a revenue CAGR of 11% by FY27.

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

(You can find all analyst picks here)