1. 360 One Wam:

This capital markets company rose 1.5% on December 18 after Motilal Oswal reiterated its ‘Buy’ rating with a lower target price of Rs 1,350, implying an 18.5% upside. 360 ONE operates in wealth and asset management, catering to high-net-worth individuals (HNIs), ultra-HNIs, family offices, and institutions.

Motilal Oswal’s view is driven by India’s expanding base of people with fat wallets – the HNI and UHNIs, which benefits 360 ONE. More than 70% of its revenue comes from recurring fees, which provides earnings stability. Its asset management business is expected to grow its AUM to around Rs 1.3 lakh crore by FY28. Overall, the company’s consolidated revenue and net profit are expected to grow at around 21% CAGR through FY28.

The company’s recent deals have added scale and widened its range of services. The ET Money acquisition in June 2024 brought in about Rs 2,350 crore of assets and strengthened its digital reach. Broking firm B&K Securities, acquired in early 2025, adds roughly Rs 45 crore per quarter in transaction revenue. The UBS Wealth India deal contributed over Rs 5,200 crore in assets and improved access to offshore products.

The expansion is showing up in the numbers. In Q2FY26, revenue rose 32% YoY to Rs 813 crore, mainly due to higher recurring income. Net profit grew 28%, though margins slipped slightly because of higher technology spending and the impact of recent acquisitions.

CEO Karan Bhagat said, “We expect net inflows of 10–12% to continue over the next two years, supported by stable markets and higher productivity from new relationship managers. Transaction and brokerage revenue should grow 8–12%, even as the focus shifts to recurring income.” He added that the HNI business is on track to break even by Q3–Q4 next year as client additions and monetisation improve.

2. Indraprastha Gas (IGL):

The stock of this non-electrical utilities company climbed over 5% in the past week, driven by an upgrade from global brokerage Nomura, and a new single natural gas transportation tariff announced by the Petroleum and Natural Gas Regulatory Board (PNGRB). Effective January 2026, the new structure caps transportation charges at Rs 54 per MMBtu (metric million British thermal unit() for short distances of up to 300 km, and at Rs 102.9 per MMBtu for longer distances. This change is expected to reduce sourcing costs and help stabilise margins, particularly in markets located further from supply hubs.

Positive momentum was further supported by global gas prices hitting their lowest levels since March 2024, with Asia spot prices dropping to approximately $9.4 per MMBtu. These lower input costs could directly bolster unit margins if retail prices remain steady.

Financial performance remained solid, with Q2 revenue rising 8.9% YoY as volumes grew 3.2% to 9.2 million metric standard cubic meters per day (mmscmd). Trendlyne’s Forecaster projects IGL’s revenue to grow by 3.6% in Q3 on the back of tariff rationalisation and lower value added tax (VAT) on domestic gas sourced from Gujarat. The stock appears in a screener of companies which have shown relative outperformance compared to the industry over the past week.

Management has guided for volume growth of 6-7% for FY26. MD K. K. Chatiwal noted that H1 capex reached Rs 580 crore, with full-year plans of up to Rs 1,400 crore for their PNG infrastructure segment. He mentioned that the company is also looking at “another maybe Rs 700-800 crore” for potential diversification projects.

Nomura upgraded the stock to a ‘Buy’ rating with a target price of Rs 230, citing an improving risk-reward profile. The brokerage believes margins will find support from lower taxes and reduced transmission fees, while the completion of operational transitions should allow demand and volume growth to recover.

3. Crompton Greaves Consumer Electricals:

This household appliances player rose 2.6% on December 18 after Motilal Oswal initiated coverage with a ‘Buy’ rating and a target price of Rs 350 per share. The brokerage sees Crompton transitioning from a traditional electricals manufacturer to a brand-led, innovation-driven consumer company under its Crompton 2.0 strategy.

The brokerage believes the company's increased investment in advertising and promotions, combined with its focus on strengthening the brand and product portfolio, will be key to its future growth.

Crompton Greaves reported a mixed picture for its second quarter. Revenue edged up 1% YoY to Rs 1,916 crore, driven by higher sales volumes. However, its net profit took a hit, falling 43% to Rs 71.2 crore due to higher expenses and raw material costs.

The company's Butterfly appliances business performed well, while its electricals business faced pressures due to cooler than expected weather conditions. Crompton’s acquisition of Butterfly, where it now holds a 75% stake, has significantly strengthened its kitchen appliances portfolio.

Meanwhile, Crompton’s solar rooftop business has taken off, winning nearly Rs 500 crore in orders and giving the new division strong momentum. The company added that its solar pumps business is growing over 100% YoY, as its domestic market share climbed from 6% to 8%.

Management is betting big on this solar division, believing it could become the company’s second-largest business over the next few years. CFO Kaleeswaran Arunachalam said, “We are targeting Rs 2,000 crore in revenue from our solar business over the next 18–24 months, supported by recent large contract wins and a focus on expansion.”

Motilal Oswal expects a dip in earnings this year, mostly due to continued cool weather, but sees a clear path to improving profits and profitability in the medium term. The brokerage estimates a revenue CAGR of about 8% over FY26–28.

4. Leela Palaces Hotels & Resorts:

This hotel chain surged 4.8% on December 16 after ICICI Securities initiated a ‘Buy’ rating, with a 45.7% upside. The brokerage highlighted Leela's position to capitalise on India's shortage of new luxury hotel developments, and a widening demand-supply gap.

According to HVS Anarock, luxury hotel demand in India is set to soar 13.7% annually between FY26-28, while supply will lag at 8.8%. This supply crunch is expected to boost room rates and occupancy for existing hotels.

Leela’s portfolio is perfectly positioned to capture this trend. In FY25, the company's average revenue per available room (RevPAR) stood at Rs 15,306, 1.4 times higher than the luxury segment's industry average. The company currently operates 14 hotels with 4,090 rooms, blending owned and managed properties.

A pivotal strategic move came in late 2025 with Leela’s leap onto the global stage. In November, the company acquired a 25% stake in the Dubai entity that owns Sofitel The Palm for Rs 437 crore. The property is set to be rebranded as a Leela, marking its first international flagship.

CEO Anuraag Bhatnagar projects major growth and said, “With a strong pipeline of over 1,500 rooms, we are well-positioned to capture this opportunity as we target approximately Rs 2,000 crore in EBITDA by FY30.” Leela is investing Rs 654.6 crore in room renovations and plans to surpass 5,000 operational rooms by FY30.

In Q2FY26, revenue climbed 12% YoY, fueled by higher occupancy and room rates. Owned hotels led this charge with 13% RevPAR growth.

However, the company's significant concentration risk is weighing on investor sentiment. With over 90% of revenue coming from just five properties, the company is vulnerable to regional disruptions. The stock has also faced headwinds since its debut, trading 5.3% below its June 2 IPO price.

5. Tata Consultancy Services (TCS):

This IT consulting & software company’s stock rose 2.8% over the past week after acquiring Coastal Cloud Holdings and delivering positive updates at its Investor Day 2025. On December 11, TCS’ board approved acquiring 100% of US Salesforce consulting firm Coastal Cloud Holdings and its subsidiaries for $700 million (approximately Rs 6,320.2 crore). This follows another acquisition in October of US-based Salesforce firm, ListEngage, for $72.8 million (approximately Rs 657.3 crore). 

On December 18, TCS discussed its evolution from a digital service provider to an AI-focused technology services provider. The company reported $1.5 billion in annualised AI services revenue, up 16% QoQ. The firm also announced plans to develop a sovereign AI data centre with up to 1 GW capacity, projecting capital expenditures of $6-7 billion over 5-7 years.

Speaking to analysts, TCS’ MD & CEO, K Krithivasan, said, “We aim to achieve an EBIT margin of 26-28% over the next few years, by shifting our revenue mix towards higher margin services and a focus on delivery execution.”

However, Motilal Oswal noted that management's higher-margin goals indicate more growth potential than guided.

The brokerage maintained its ‘Buy’ call on TCS, setting a target price of Rs 4,400 per share, a 34.1% upside. The brokerage believes the company’s growth visibility will improve as AI adoption moves from pilot programs to scaled, revenue-generating deployments. It expects the company to deliver a revenue CAGR of 6.7% over FY26-28.

In Q2FY26, TCS’s revenue grew 2.4% QoQ to Rs 66,666 crore, beating Forecaster estimates by 0.7%. Improvements across banking, financial services & insurance, communication, media & technology segments supported revenue growth. However, net profit declined 5.4% due to higher finance, employee benefits, and license expenses.

Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.