1. InterGlobe Aviation (IndiGo):

The stock of this airline company rose by over 5% on April 1 after it named William Walsh as its next CEO, effective August 3. Walsh is currently the Director General of the International Air Transport Association (IATA), and viewed as a "steady hand" for an airline navigating geopolitical turbulence and regulatory scrutiny. Investors are betting his global expertise will stabilize the airline when he transitions from his current role this July.

The outlook for IndiGo hasn't been entirely clear skies; its stock has fallen about 18% since the Iran conflict began on February 28. Between strict new pilot duty-time rules and rising hostilities in the Gulf, the market leader is facing a triple threat of demand, cost, and revenue pressure. Several brokerages have preemptively lowered their profit and margin estimates for the upcoming fiscal year. Its stock appears on a screener of stocks having a low to medium Trendlyne momentum score.

Regulators are also keeping IndiGo on a shorter leash, opting for a "moderate" approach to flight approvals following the airline's major operational meltdown last December. While IndiGo planned to launch its summer schedule with 2,000 daily flights in April, executives now warn of possible cuts. Since the schedule was set before the Middle East crisis escalated, uncertainty may force a significant reduction in services. 

Analysts at Motilal Oswal highlight that the US-Iran escalation and closed Pakistani airspace have disrupted routes that carry 25% of global traffic. With Gulf operations contributing 18-20% of annual revenue, the current suspension is creating a major Q4 shortfall. Financially, the stakes are high, as the brokerage estimates that every $1 increase in crude oil prices trims profit by Rs 360 crore, leading to an estimated Rs 1,600 crore rise in fuel expenses, which already account for one-third of total costs.

ICICI Securities maintained its ‘Buy’ rating despite all the headwinds, but reduced the target price to Rs 5,210. While expensive fuel and a weaker Rupee have pushed up internal costs, higher ticket prices are helping cushion the blow. The brokerage estimates the cost per available seat kilometer (CASK) will hit Rs 3.5 in Q4FY26, before stabilizing at Rs 3.4 throughout FY27 and FY28 as operations hopefully normalize.

2. Hindustan Aeronautics (HAL):

This aerospace & defence stock jumped 5.3% on Wednesday after the company reported healthy growth for FY26. Revenue jumped 4% to Rs 32,350 crore as the firm executed orders and sped up deliveries. Discussing the outlook, Chairman and Managing Director Dr DK Sunil said, “The outstanding manufacturing orders provide long-term revenue growth visibility over the next 7-8 years, with a focus on strong execution.”

The order book climbed 34.3% to Rs 2.5 lakh crore. Massive Ministry of Defence contracts for aircraft, helicopters and engines fueled this surge. To manage this backlog, HAL opened a third Tejas fighter jet production line and a second basic trainer aircraft line at its Nasik factory. The company also partnered with Mishra Dhatu Nigam to create a strategic “metal bank” for nickel, cobalt, molybdenum, and other high-performance superalloys. This move ensures a steady supply of critical raw materials and reduces reliance on foreign suppliers for these rare metals.

However, HAL’s large order book led to the company being excluded from the fifth-generation stealth fighter jet project after failing to qualify under the evaluation framework laid down by the Defence Research and Development Organisation. The framework states that companies with an order book greater than 3x of their revenue would not be picked for the stealth fighter jet programme. HAL’s order book is currently 7.7x of its annual revenue.

HAL also faces short-term supply chain risks. The company relies heavily on Israeli aerospace giants for technology and parts. It works closely with Israeli firms like Israel Aerospace Industries, Elbit Systems, and Rafael to import crucial electronics, radars, and warfare systems for its Tejas and Su-30MKI jets. The US-Iran conflict threatens the production schedules of these Israeli suppliers. But the geopolitical tensions also create an incentive to manufacture more defence equipment locally over the long term.

Following the provisional turnover update for FY26, Citigroup retained a ‘Buy’ rating on HAL with a target price of Rs 5,560, implying a 50.8% upside. The brokerage believes the rapidly expanding order book guarantees steady revenue growth over the long term.

3. Eternal:

This food delivery company’s stock surged 4.8% on March 24, supported by a platform fee hike and improving sentiment around profitability.

The trigger was Zomato’s decision to raise its platform fee by 20% to Rs 15 per order. This move helps offset rising costs like fuel and protects profit margins. Analysts at Elara Capital estimate each Rs 1 increase adds nearly Rs 120 crore to its earnings, keeping the company on track to achieve its FY28 EBITDA margin guidance of 5–6%.

The company isn't worried about losing customers. The revised fee accounts for only ~3.1% of the average order value of Rs 475, making it unlikely to affect customer behaviour. Past trends also show that gradual fee hikes have not disrupted order growth.

The stock rose another 3.3% on April 1 after HDFC Securities upgraded it to a “Buy,” citing a potential upside of 46.7%, driven by expectations of a stronger Q4FY26. Trendlyne’s Forecaster also sees revenue growing 13.7% and profits rising 46.6% from the previous quarter.

Analysts believe the Gold membership program will fuel growth in its food delivery business, attracting more users and orders. They project a significant yearly jump: 20% more monthly users, 24% more orders, and an 18% rise in order value.

The company's quick commerce arm, Blinkit, is expected to maintain momentum. They project a 10% quarterly growth in order value, outpacing competitor Swiggy Instamart (~3%), supported by the addition of dark stores, stable daily orders, and near break-even profitability.

Looking beyond food, the company is investing in its "District" segment. Despite recent losses, this venture hopes to create a broader consumer platform.

Commenting on District's outlook, CFO Akshant Goyal said, “For us to deliver 30% CAGR over the next three to four years, it doesn't necessarily mean that the industry has to grow that much. A lot of it can also come from market share gains, and we are building that into our plans right now.” Analysts note Q4 is seasonally weak for this segment, and anticipate continued investment.

4. PVR Inox:

This multiplex operator is witnessing a strong content-led recovery, backed by a record year for Indian cinema. CY2025 saw box office collections touch Rs 13,395 crore, with 37 films crossing the Rs 100 crore mark. Popular releases like Dhurandhar helped drive footfalls higher, pushing occupancy up to 28.5%.

Management believes the “content cycle is now well-oiled,” supported by a steady pipeline of Hindi, regional, and Hollywood films. This momentum is already reflecting in revenues, with ticket sales contributing over half of total income, while food and beverage spending adds more than 30%. Kamal Gianchandani, who oversees business planning and strategy, said, “The best years are ahead of us,” pointing to a strong outlook for 2026 and 2027.

Expansion remains measured, with a clear pivot toward asset-light growth. The company is scaling its FOCO (franchise-owned, company-operated) model, where developers invest most of the capital while PVR manages operations. It has 149 screens signed under this model and added over 75 screens in FY26. The company plans to open around 150 screens in FY27, focusing on underpenetrated Tier II and III cities, while keeping annual capex in the Rs 350–400 crore range.

At the same time, the company is focusing on deleveraging. Net debt has declined to Rs 365 crore, down by over Rs 1,000 crore since the merger with INOX. The sale of its 4700BC business has further improved liquidity, keeping the company on track to become net debt-free by early FY27. Lower leverage and controlled capex are expected to reduce interest costs and support margin expansion, with EBITDA margins at 18% already nearing pre-COVID levels.

The company appears in a screener of stocks where brokers upgraded their recommendations in the past three months. Geojit BNP Paribas maintains an ‘Accumulate’ rating with a target price of Rs 1,065. The brokerage expects a recovery-led growth trajectory, with revenue projected to grow at 11% over FY26–28 and margins improving steadily as operating leverage kicks in.

5. Thermax: 

This heavy-equipment company rose 1.4% in the last week as its subsidiary bagged an order worth Rs 1,600 crore. The order is for an 800 MW thermal plant in Madhya Pradesh and covers the supply and installation of the boiler.

Thermax’s order book stood at Rs 12,641 crore by 9MFY26, up 11% YoY. The growth came from inflows in industrial products and export-led infra work, including refinery projects. 

Forecaster expects revenue to rise marginally by 2.5% in FY26, while net profit is likely to remain flat. MarketMind notes that about 25% of the order book is tied to refinery and petrochemical projects, with meaningful exposure to the Middle East, increasing risks of delays and higher costs where cross-border movement is involved.

CEO Ashish Bhandari said that the profit in the chemicals business fell by about Rs 48 crore from last year, mainly due to new capacity costs and weak volumes. He added that margins may improve, but are “unlikely to return to earlier highs soon.” The company has also been more selective in taking new infra orders, choosing to avoid projects with higher execution risks even if it slows growth in the near term.

ICICI Direct had upgraded the stock to ‘Buy’ with a higher target price of Rs 3,400. It expects execution to improve after a weak phase, with margins in the infra segment already showing recovery. The brokerage also points to a gradual shift toward more stable segments like industrial products and cooling solutions. 

Shareholding data indicates that mutual funds have increased their stake over the past five months, signalling growing institutional confidence despite a muted near-term outlook.

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