1. ACME Solar Holdings:

Motilal Oswal retains its ‘Buy’ rating on this renewable energy producer, with a target price of Rs 370, an upside of 27.5%. Analysts Abhishek Nigam and Preksha Daga forecast a robust growth trajectory, driven by the company's strong project execution, rising momentum in power purchase agreement (PPA) signings, and expansion in the battery storage business.

ACME's project pipeline ensures strong revenue visibility as the company plans to grow its installed capacity to 5.5 GW from 2.5 GW by FY28. Analysts note the company is actively bidding for utility-scale projects, with new contract wins being crucial for future earnings. 

Government initiatives to resolve PPA deadlocks for 40 GW of renewable projects should unlock significant long-term profit growth across the sector. The company is tapping into new demand drivers, especially in the emerging battery storage segment, with plans to install 3-3.5 gigawatt-hours (GWh) of capacity by the end of 2025. 

Nigam and Daga note that management's focus on commissioning new capacity and entry into the battery storage segment will drive profitability. They expect ACME Solar to deliver a revenue and net profit CAGR of 67.3% and 60%, respectively, over FY26-28.

2. Star Cement:

Axis Direct maintains its ‘Buy’ rating on this cement producer, with a target price of Rs 325, an upside of 24.5%. Analysts Uttam Kumar Srimal and Shikha Doshi believe that the company’s capacity expansion, plant incentives, and strong demand are key growth catalysts, fueled by the government's infrastructure push in the North-East.

Star Cement commissioned a 3.3 million tonnes per annum (MTPA) clinker grinding unit in Meghalaya. Analysts note that its plans to further boost its total capacity to 11.7 MTPA by FY27 by adding new facilities in Silchar and Jorhat will drive long-term revenue visibility. They add that the Central government's infrastructure focus has increased cement demand in the North-East, where the company holds a 27% market share.

Star Cement is also expanding into the Rajasthan market to reduce geographical concentration and diversify its operations. Srimal and Doshi expect this to be an additional demand driver, supported by favourable government initiatives. 

The analysts note that management's focus on increasing sales of premium cement, which grew by 85% YoY in FY25, and cost optimisation will drive net profit growth. They expect Star Cement to deliver a CAGR of 16% for revenue, 31% for EBITDA, and 52% for net profit, respectively, over FY26-27.

3. Tata Motors:

Emkay reiterates its ‘Buy’ rating on this vehicle manufacturer with a target price of Rs 750, an upside of 7.4%. Analysts Chirag Jain and Nandan Pradhan see a clear growth path, driven by a strengthening outlook for both passenger (PV) and commercial vehicles (CV), the company’s upcoming demerger, and the strategic acquisition of Iveco Group.

Management upgraded its FY26-30 CV industry CAGR outlook to 6-8%, anticipating double-digit growth in H2FY26 as consumer demand recovers. Analysts highlight that recent GST cuts will lower operational expenses for fleet operators, boosting the bottom line. The IVECO acquisition is expected to drive EPS growth and generate strong free cash flow, supporting Tata Motors' profitability goals.

Jain and Pradhan note that Jaguar Land Rover's (JLR) recent tariff headwinds are now resolved following new trade deals between the US and EU/UK. JLR is also set to resume full production after a halt caused by a cyber-attack, although this disruption is expected to lower liquidity temporarily. They add that the company’s PV segment bookings rose 25-30% from early September to the Navratras. The slowing of the post-Covid surge in used car purchases drove demand for small cars.

4. Pitti Engineering:

Deven Choksey maintains its ‘Buy’ rating on this small-cap electrical equipment manufacturer with a target price of Rs 1,126, an upside of 15.1%. Analysts praise Pitti Engineering’s strong operations and expansion goals following a visit to its Aurangabad facility. The plant, which spans 26 acres, runs at 65-70% utilisation and can surge to 80% to meet peak demand. Management is pushing for greater automation to boost productivity and reduce manual handling, with 12 additional acres reserved for growth.

Management will invest Rs 150 crore over the next 18-20 months to expand its lamination, machining, and tooling capacity. Analysts believe this move will fortify the company’s 12% domestic market share. Pitti Engineering hopes to keep its leadership position by focusing on premium products and operational excellence.

Analysts noted the company’s clever use of leftover steel coils for small laminations, a tactic that minimises waste and boosts profit margins. The company is also establishing a new tooling room at its Aurangabad plant, bringing a key function in-house. The current inventory level stands at 45 days, with a goal to reduce this as the business scales.

5. V-Mart Retail:

Ventura initiates a ‘Buy’ rating on this retail store company with a target price of Rs 1,069, an upside of 30.4%. Analysts see V-Mart as perfectly positioned to capture India’s booming apparel market, which is projected to surge to Rs 10.6 lakh crore by 2027 from Rs 6.8 lakh crore in 2024 at a 16% annual growth rate.

Favourable economic trends, including GST rate cuts and a strong monsoon, are set to fuel consumer spending, especially in the Tier 2 to Tier 4 cities that form V-Mart’s core market. To capitalise on this, management plans an aggressive retail expansion, growing its network to 660 stores from 510 by FY28. The company will invest over Rs 350 crore to fund new stores and upgrade existing ones.

Analysts project revenue to climb at a 16.1% annual rate, reaching Rs 5,094 crore by FY28. This growth stems from higher sales volume, steady prices, and increased footfall. The financial outlook looks strong, with EBITDA and net profit projected to grow at 16.6% and 33.7% annually, respectively, hitting Rs 609 crore and Rs 109 crore by FY28.

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

(You can find all analyst picks here)