1. Multi Commodity Exchange of India (MCX):
The stock of this capital markets company scaled a fresh 52-week high of Rs 2,903 on April 16, powered by a broad surge across commodity markets. Between the upcoming Akshaya Tritiya festival and hopes for a ceasefire in the US-Iran conflict, gold and silver prices are climbing steadily. This combination of festive demand and geopolitical optimism is driving a massive wave of trading activity.
The ongoing US-Iran tensions have actually been a boost for MCX’s business. Whenever global oil and metal prices swing wildly due to instability, more traders and hedgers jump into the market to manage their risks. Since MCX primarily earns through transaction fees, this spike in volume improves the company's cash flow and earnings visibility. The stock appears on a screener of companies with rising net cash flow and cash flow from operating activities.
Over the past year, MCX has delivered impressive returns of over 150%, easily outpacing its global counterparts. While mature international exchanges are seeing steady but slow growth, MCX is riding a wave of structural reforms and India’s growing "financialization of savings." These changes have turned retail participation into a major engine for the company’s stock rally.
Trendlyne’s Forecaster expects MCX’s Q4 revenue to grow by 29.2% YoY on the back of strong trading volumes and higher transaction fees. Analysts at HDFC Securities predict revenue will hit Rs 892 crore, while Profit After Tax (PAT) is expected to nearly double to Rs 550 crore. New product launches and a stable technology platform are key drivers behind its compelling growth story.
HDFC Securities has maintained its ‘Buy’ rating and raised the target price to Rs 2,950. A major highlight is the exchange's increasingly balanced portfolio. While energy used to dominate, gold and silver now account for 30% of the daily average trading volume (ADTV) in options. The brokerage notes that this diversification makes MCX less dependent on a single sector and much more resilient to specific market shocks.
2. Blue Star:
This air-conditioner maker surged nearly 13% over the past week as forecasts of a hotter-than-usual summer revived demand expectations. After a delayed start due to April rains, temperatures have now crossed 40°C in several regions, kickstarting sales. However, management is closely tracking both seasons. MD & Chairman B Thiagarajan said, “I pray that summer is good and monsoon is also good,” highlighting that while heat drives immediate demand, it is tier 3, 4 and 5 markets, which depend heavily on monsoons, that are contributing nearly 65% of volumes.
FY26 remains a challenging year for the industry, weighed down by weak summer demand, GST-related disruptions, higher input costs, and new energy efficiency norms. Management expects AC prices to rise by 13–15% due to these changes, although GST rationalisation offsets about 10% of the increase.
Industry volumes are likely to decline by around 5% in FY26 after a high base last year, but Blue Star should outperform. Group President Mohit Sud expects industry volumes to grow about 15% in FY27, supported by improving demand. The company aims to grow faster than the industry, driven by stronger distribution, premiumisation, and deeper penetration in smaller cities.
On the manufacturing side, Blue Star has a room AC capacity of 14 lakh units, scalable to 18 lakh units across its facilities. Supply chain disruptions linked to the US-Iran war have affected component availability, but conditions are now improving. The company is also reducing import dependence, especially for compressors, with domestic manufacturing expected to pick up over the next 18 months.
The company plans to invest over Rs 200 crore in FY27 to expand capacity and strengthen its product portfolio. Over the long term, Thiagarajan sees a large opportunity, with nearly 150 million Indian households expected to afford air conditioners, more than double the current base, highlighting significant headroom for growth.
3. Bosch:
This auto-equipment company rose 2% in the past week as it announced a large internal acquisition that could lift both growth and earnings. Bosch is buying Bosch Chassis Systems India for about Rs 9,068 crore, and the company itself has indicated this could add roughly 5% to earnings once the deal is completed.
Bosch has largely been a supplier of engine-related parts. This deal brings in braking and safety systems, and increases Bosch’s share of what goes into a vehicle.
Managing Director Guruprasad Mudlapur said, “The mobility business has shown 18.5% growth QoQ, and the 2-wheeler business grew by 58.3% in Q3FY26” Volumes are already strong across segments. And as vehicle production rises, Bosch can now supply more components per vehicle after the acquisition.
Mudlapur also said production across passenger vehicles, tractors and two-wheelers is expected to hit record levels, which should support growth going ahead.
Motilal Oswal Financial Services reiterated its ‘Neutral’ stance on the stock, with a lower target price of Rs 35,323. It noted that the stock has already run up sharply, which limits upside from current levels. It still sees merit in the deal as the acquired business has been growing, and fits well with Bosch’s existing portfolio, strengthening its position with automakers.
It also helps that this is an internal acquisition within the Bosch group, which reduces execution risk.
The stock appears in a screener of companies with increasing revenue every quarter for the past two quarters. Shareholding data indicates that mutual funds have increased their stake over the past two months, suggesting growing institutional interest.
4. Prestige Estates Projects:
This realty company surged 8.1% on April 8 after surpassing its FY26 pre-sales target of Rs 27,000 crore. The company reported Rs 30,024 crore in pre-sales, a 76% jump. Strong demand across cities drove the growth, with Bengaluru contributing 34% of total sales, followed by the National Capital Region (NCR) at 33% and Mumbai at 20%. It also added new projects worth over Rs 50,000 crore in Gross Development Value (GDV) to its pipeline.
The business development momentum continued in April. The company secured a deal to develop a 17-acre land parcel in Gurugram, with an estimated GDV of Rs 4,200 crore. Next, it also partnered with ABIL Group to develop a residential project in Mumbai, boasting a GDV of over Rs 9,000 crore.
On the rental side, income is set to climb as new buildings are completed. Retail spaces are nearly full at 99% occupancy, showing steady commercial demand. Executive Director Zayd Noaman said, “With completion of our ongoing pipeline, office annuity income is projected to scale to around Rs 4,000 crore and retail annuity income to approximately Rs 1,175 crore by FY30.”
A key catalyst is monetising its office portfolio. Management plans to explore a Real Estate Investment Trust once its portfolio hits 45 million square feet of fully leased office space by FY29, from the current 12 million square feet. This move could unlock significant value and help the company reinvest its capital more efficiently.
However, rising input costs present a near-term challenge for new projects. Chairman Irfan Razack warned, “If the costs go up too high, ultimately it will tell on the price, and then the customer has to bear that additional cost.” This could squeeze affordability on upcoming launches, though existing projects are protected by fixed-price contracts.
Jefferies maintains a “Buy” rating but trimmed its price target to Rs 1,635. Citing weaker home-buying demand due to the Middle East conflict, the brokerage cut its FY27 sales growth forecast to about 6% from 21% in FY26.
5. HDB Financial Services:
This financial services stock soared 10.2% last week after the company reported strong Q4FY26 results. Net profit climbed 41.4% YoY, and revenue rose 11.2%. Broad-based growth across all segments, a larger customer base, better loan quality, and lower provisions drove these strong numbers.
The lender’s assets under management (AUM) grew by 11%, fueled by demand for consumer goods, personal cars, commercial vehicles, unsecured business loans, and mortgages. The company's push toward digital channels through its Do-It-Yourself platform helped increase loan issuances by 2.2x in FY26. Secured loans now make up 74% of the total loan portfolio.
Management expects the commercial vehicles and construction equipment segments to keep growing in the coming quarters. Strong partnerships with manufacturers and a wide dealership network will support this growth.
Net interest margins (NIM) widened by 68 basis points during the quarter. Investments in new technology, including AI, helped the company lower its borrowing costs. Discussing future targets, CFO Jaykumar Shah said, “Going forward, we aim to maintain our NIM above 8% over the medium-term.”
The company improved its loan recovery process by using AI chatbots to contact customers with slightly overdue payments, helping enhance asset quality. In Q4FY26, chatbots sent automated reminders to over 50% of these customers. This move lifted collection rates by 25 bps, improved overall loan quality, and reduced the cost of credit. Management noted that growth will accelerate as asset quality pressures continue to fade, particularly in the unsecured loans and commercial vehicles segments, supported by the scale-up of AI chatbots.
Following the results, Jefferies retained its ‘Buy’ rating on HDB Financial with a target price of Rs 845, implying a 23.9% upside. The brokerage believes faster loan growth, lower credit costs, and stable margins will drive future earnings. Analysts expect the firm to deliver annual EPS growth of 22% through FY28.
Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.
