1. Voltas:
Axis Direct recommends a ‘Buy’ rating on this home appliance company with a target price of Rs 1,628, an upside of 12.4%. The Israel–Iran conflict may impact Voltas as the Middle East contributes 11.8% of its revenue. Growing regional tensions could raise material and shipping costs, risking project delays.
Domestically, analyst Eesha Shah expects Voltas to benefit from an early summer and higher demand for cooling products. With temperatures rising across India, air conditioner sales are climbing. Voltas plans to run its plants at 85–90% capacity to meet this demand.
Management states that room air conditioners will keep driving growth. Voltas holds about 17.9% market share in this area, thanks to a larger dealer network, stronger store presence, and increased online sales. Higher raw material costs, a weaker rupee and new energy rating standards will likely lead to price increases, which should help margins.
Shah also points to growing success for Voltas Beko, its joint venture brand. Voltas Beko has a 6.2% market share in refrigerators and 8.2% in washing machines, fueled by strong demand for semi-automatic washers and local refrigerators. As sales grow and the product mix improves, Shah expects the business to reach break-even.
2. Dynamatic Technologies:
ICICI Direct maintains its ‘Buy’ rating on this industrial machinery manufacturer with a target price of Rs 12,700, an upside of 20.2%. The Israel-Iran war has little near-term impact, since the Middle East accounts for less than 1% of sales. Long-term, however, rising geopolitical tensions could boost global defence spending, helping aerospace suppliers like Dynamatic.
Analysts Vijay Goel and Kush Bhandari note that aerospace brings in 47% of Dynamatic's revenue (9MFY26). The company builds aerostructures like wings, rear fuselage parts, wing flaps, and other assemblies for major aircraft makers worldwide.
Management also highlights that the company has partnered with Larsen & Toubro and Bharat Electronics for India's 5th-generation fighter jet program, strengthening its defence presence. Its hydraulics segment accounts for 30% of revenue, seeing consistent demand from tractor companies and industrial customers.
Goel and Bhandari project the aerospace segment will grow 28% annually from FY26-28. They also anticipate overall revenue to increase about 17% annually over the same period, with expanding margins driving higher profits.
3. Delhivery:
Emkay reiterates a ‘Buy’ rating on this logistics company with a target price of Rs 500, an upside of 17.4%. Industry consolidation, especially Delhivery's acquisition of Ecom Express, supports this positive outlook, boosting its market position and scale advantages.
Management points to improving demand and recovering shipment volumes. The business-to-consumer (B2C) segment saw organic growth of about 20% YoY in 9MFY26, a significant jump from just 1% in FY25. And as the logistics industry consolidates, more direct-to-consumer brands will choose large providers like Delhivery for their national networks, tech-driven operations, and cost efficiency.
Analysts Anshul Agrawal and Vivek Sethia observe that intense price discounting in logistics is easing as companies prioritise profits. At the same time, e-commerce giants like Amazon and Flipkart are losing money on in-house delivery, so they are outsourcing more to third-party providers. They predict Delhivery's revenue will grow about 14% annually from FY26-28, with rising shipment volumes boosting margins.
4. AU Small Finance Bank:
Motilal Oswal maintains its ‘Buy’ call on this small finance bank, with a target price of Rs 1,250 per share, a 33.2% upside. The stock fell 6.5% last month. Analysts Nitin Aggarwal and Dixit Sankharva remain optimistic. They see earnings momentum accelerating due to lower funding and credit costs, a possible fundraise in FY27, and its planned shift to universal banking.
Analysts emphasise that as a leader in the small finance bank (SFB) segment, the bank has a strong platform for this transition, which unlocks growth opportunities. Becoming a universal bank will give it more portfolio flexibility and the chance for better returns. With fewer lending restrictions, it can adjust its loan portfolio to improve profitability.
Aggarwal and Sankharva note that secured lending remains the bank's core business. Growth will come from expanding into small business, housing, and microbusiness loans, all funded by strong deposit growth. The move to a universal bank will boost its brand credibility, helping it attract more depositors. Analysts predict the bank will grow its loans by 24% and net profit by 36% annually over FY26-28.
5. Flair Writing Industries:
Prabhudas Lilladher initiates coverage on this smallcap stationary producer with a ‘Buy’ call and a target price of Rs 413 per share, an upside of 34.6%. Flair Writing's stock dropped 3.3% last week and 9% in six months. The Israel–Iran war has a neutral impact. While Strait of Hormuz disruptions could increase shipping and supply chain costs, Flair's presence in 115 countries helps reduce reliance on any single region.
Analysts Jinesh Joshi and Stuti Beria highlight that Flair Writing outperforms competitors. It boasts strong brand recognition, cost advantages from in-house manufacturing of pens, steel bottles, and creative products, plus a varied market and product range. Management notes Flair has spent Rs 63 crore of its planned Rs 80-90 crore FY26 capital expenditure (capex) in 9MFY26 to expand writing instruments and stationery production in Valsad.
Flair's multi-brand strategy covers various price points, offering pens across all major formats. Joshi and Beria point out that Flair diversified into related products, expecting creative items and steel bottles’ contribution of revenue to rise to 38% from 20% by FY28. Manufacturing almost all pen components in-house (except ink) also gives the company an edge. Analysts project Flair Writing will achieve annual revenue growth of 13% and net profit growth of 16% through FY28.
Note: These recommendations are from various analysts and are not recommendations by Trendlyne.
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