This auto component manufacturer rose 16.3% in the past week after management outlined an aggressive growth roadmap backed by rising demand for premium vehicle electronics and EV components. Group CFO Ajay Agarwal said, “We are targeting revenue of Rs 17,500 crore by FY30 with an EBITDA margin of 12.5%”, implying 2.8x revenue growth over the next four years while maintaining profitability.
The optimism also comes from the company’s rapidly expanding order pipeline. Order book jumped 25%, crossing Rs 10,000 crore in FY26, with nearly 20% linked to exports. Much of the new business came from EV components, premium switches, digital instrument clusters and sunroof systems as automakers added more electronic features across vehicles.
In Q4FY26, revenue grew 29% YoY to Rs 1,704 crore, led by demand across wiring harnesses, vehicle access systems and automotive electronics. The company also continued gaining market share in two-wheelers and commercial vehicles. Net profit surged 138%, supported by a larger share of higher-margin products and operating efficiency.
Cars and two-wheelers today carry far more electronics than they did a few years ago, especially EVs and premium models. Executive Director Aakash Minda said, “Premiumisation alone contributed around 13% of the company’s growth during the year.” Demand remained strong for digital driver displays, connected vehicle electronics and high-voltage wiring systems used in EVs.
Minda is also spending aggressively to prepare for future demand. The company spent a record Rs 413 crore on expansion during FY26 and plans another Rs 400-450 crore capex this year. New investments are going toward electronics manufacturing, die-casting capacity and EV-focused technologies through partnerships with Turntide Technologies and Toyodenso.
Axis Securities reiterated its ‘Buy’ rating with a target price of Rs 710. The brokerage expects Minda to benefit as automakers continue adding more premium features and electronics across vehicles. It also highlighted the company’s growing EV exposure, rising export orders and expanding product range as key growth drivers.
2. Honasa Consumer:
Shares of this personal care company surged 12.7% over the past week after it reported its highest-ever quarterly revenue in Q4FY26 on May 21. Its net profit jumped 177% YoY, while revenue rose 23.1%, driven by strong volume expansion. Both revenue and net profit came in above Forecaster estimates. The company also declared its first-ever dividend of Rs 3 per share, distributing nearly half of its FY26 profits to shareholders.
Looking ahead, Honasa plans to fuel its next growth phase by launching nutraceuticals. The company noted that consumers now look beyond surface-level skincare and haircare, shifting toward vitamins and supplements to treat issues like hair fall and acne at the root. CEO and Co-founder Varun Alagh said, “We are seeing this shape really well in India. We are watching this space, and we would also like to participate in this space over time.”
Management expects high-teens revenue CAGR over the next five years, along with nearly 500 basis points of EBITDA margin expansion. The Mamaearth brand, its largest revenue driver, is expected to maintain double-digit growth. To support this, Honasa plans to expand its distribution network from 2 lakh outlets to 5 lakh outlets over the next three to five years.
However, rising crude oil prices and geopolitical uncertainties remain key challenges for the company. These factors drive up the cost of raw materials and packaging. To protect its profits, Honasa raised prices in Q1FY27. Addressing this, Alagh said, “We don't expect any further price increases. What we have already done should take care of the cost inflation.”
Following the results, Jefferies maintained its 'Buy' rating with a target price of Rs 565. The brokerage noted that Honasa is on a steady growth path after navigating a difficult distribution realignment and added that the company's expansion plans signal long-term compounding potential.
3. BLS International:
This travel services stock rose 4.1% over three sessions after the company reported healthy Q4FY26 results on May 19. Revenue climbed 17.8% YoY, supported by growth in both the visa outsourcing and digital services businesses. Net profit jumped 31.6%, thanks to better pricing in new contracts and higher sales of value-added services. Both revenue and profit beat Forecaster estimates.
Digital business (fintech and e-services), which makes up about 39% of total sales, more than doubled to Rs 1,158 crore. Acquisition of Aadifidelis Solutions (a financial services and loan distribution firm), higher loan disbursements, and expansion of the e-services network fueled this surge. The visa and consular segment grew 11.3% as the company processed a larger number of applications. The shift to self-managed operations also boosted profitability in this segment.
Discussing future targets, Joint MD Shikhar Aggarwal said, “We project revenue to increase by 20-25% in FY27.” He expects the major contracts won in the past quarter to drive long-term revenue growth. These wins include the Rs 2,055 crore Aadhaar project from Unique Identification Authority of India (UIDAI), a global visa contract for Slovakia, and Indian visa operations in China.
Management expects EBITDA margins to sustain near 25%, led by the high-margin visa operations, even as the lower-margin digital business grows faster. BLS plans to spend nearly Rs 2,000 crore on acquisitions over the next 4-5 years in both visa and digital businesses. The firm will target digital businesses in India and visa companies abroad.
Following the results, IDBI Capital maintained its ‘Buy’ rating on BLS and raised its target price to Rs 330, implying a 26.5% upside. The brokerage believes strong cash flows, an asset-light business model, and increasing AI automation will drive stable margins and earnings growth. Analysts expect the firm to deliver annual revenue growth of 10.6% and net profit growth of 11.7% through FY28.
4. National Aluminium Company (NALCO):
The stock of this aluminium & aluminium products company jumped over 4% on May 27 as global aluminium prices scaled a four-year high. The rally was driven by persistent supply concerns stemming from the West Asia conflict and growing speculation that China may direct local smelters to curb output to control carbon emissions and rising inventories.
Adding fuel to the fire, investors were also worried about tightening raw material supplies from Guinea. Bauxite, the primary raw ore used to make aluminium, is heavily supplied by Guinea, the world’s largest producer and exporter. Reports suggest the country is planning to introduce export control reforms in June to regulate supply, support prices, and better match global demand.
While roaring global prices gave NALCO's stock a boost, shipping chaos from the West Asia war dented its actual Q4FY26 scorecard. Net profit fell 16.7% YoY to Rs 1,722.4 crore, dragged down by rising depreciation costs and weaker aluminum sales. Overall revenue also dipped 3.4% as alumina ore exports slowed down.
Its quarterly net profit missed Trendlyne’s Forecaster estimate by 3.7%. The company’s management highlighted raw material inflation over the past two months. The highest raw material inflation was seen in calcined petroleum (CP) coke, which climbed around 27% to Rs 56,000 per tonne. However, management remains confident that lower electricity rates and optimized fixed expenses will easily cushion this temporary raw material inflation. The stock appears on a screener tracking companies where FIIs and FPIs are increasing their stake holdings.
MD Brijendra Pratap Singh highlighted NALCO's fifth alumina refinery, scheduled to be commissioned this June. To fund its next leg of growth, Singh outlined an FY27 capex of Rs 1,800–2,000 crore. Looking ahead, NALCO aims to commission a major aluminum smelter expansion project by late 2030 or early 2031. On the trade front, while the Middle East conflict derailed nearly half of its usual export volumes, new orders from Southeast Asia stepped in to absorb the shock.
Axis Direct has upgraded NALCO to a ‘Buy’ rating and has raised the target price to Rs 440. The brokerage believes that high global metal prices, combined with a weaker rupee, will supercharge earnings in Q1FY27. Thanks to a strong balance sheet, NALCO can comfortably ride out market volatility without rushing to hedge its prices.
5. Mahanagar Gas:
This gas distribution company rose 3.9% over the past week after announcing the withdrawal of customer subsidies amid the ongoing energy crisis. The move came days after it increased CNG prices by Rs 2 per kg across the Mumbai Metropolitan Region, taking rates to Rs 84 per kg from May 14.
The company has been grappling with higher gas sourcing costs after supply disruptions linked to the West Asia conflict tightened global LNG availability. MGL said industrial gas supplies were partly curtailed, while domestic PNG and most CNG supplies continued normally through locally produced gas. Managing Director Praveer Kumar Srivastava said, “Gas supplies to industrial and commercial customers are partly curtailed. Prices may be affected due to global indices in the near term.”
Despite these challenges, the company delivered healthy volume growth in Q4FY26. Revenue rose 10% YoY to Rs 2,051 crore, driven by higher gas consumption across both CNG and PNG segments. CNG volumes increased 14.1%, supported by new vehicle additions and network expansion, while PNG volumes grew 5.1%. However, net profit declined 47.7% as the company relied more heavily on expensive imported LNG, compressing EBITDA margins by 760 basis points to 12.7%.
The underlying business continues to expand. During FY26, the company added 52 CNG stations, taking its network to 518, while more than 1.18 lakh new CNG vehicles joined its ecosystem. Household PNG connections also crossed 32 lakh, strengthening its position in the Mumbai region.
Management expects infrastructure investments to support future volume growth once gas supply conditions normalise. CFO Rajesh Patel said recent government measures, including faster road permissions and lower reinstatement charges, should accelerate pipeline rollout and customer additions. The company plans to invest around Rs 1,200 crore in FY27, primarily toward expanding its CNG station network and pipeline infrastructure beyond Mumbai.
Geojit BNP Paribas upgraded the stock to a ‘Buy’ with a target price of Rs 1,352. While the brokerage sees a near-term hit to profitability from elevated gas costs, it expects calibrated price hikes and continued network expansion to support margins and drive growth.
Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.
