Motilal Oswal Recommends MTAR Technologies, Bharat Electronics for Trading Week
Wealth management research desk identifies top stock picks with 24% and 12% upside potential respectively
نظرة سريعة
- Motilal Oswal Wealth Management Research Desk recommends MTAR Technologies (target Rs 6000, 24% upside) and Bharat Electronics (target Rs 520, 12% upside) for the trading week starting April 20, 2026.
- MTAR is positioned to benefit from expanded Oracle-Bloom Energy partnership with incremental orders of INR 14-17 billion, while Bharat Electronics has a robust ₹730b order book and expected revenue growth exceeding 15%.
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لماذا يهم
Indian stock market recommendations article from Motilal Oswal focusing on defense and clean energy sectors. MTAR Technologies supplies fuel cell components to Bloom Energy for data center power solutions, while Bharat Electronics is a defense electronics company with significant order book.
Stock market recommendations: Bharat Electronics, and MTAR Technologies are the top stock recommendations by Motilal Oswal Wealth Management Research Desk for this trading week starting April 20, 2026. The brokerage shares the target prices and rationale.
Stock Name CMP (Rs) Target (Rs) Upside (%) MTAR Tech 4857 6000 24% Bharat Electronics 463 520 12%
MTAR Technologies
MTAR Technologies is well positioned to benefit from the expanded Oracle-Bloom Energy partnership, with incremental orders of INR 14–17 billion expected highlighting strong demand for its fuel cell components, driven by rising power needs from global AI data center expansion. The company's fuel cell business continues to see strong traction and as a key supplier to Bloom Energy with a 60–70% wallet share in critical assemblies, MTAR enjoys a strong competitive moat. MTAR is projected to deliver robust growth over FY25-FY28, with revenue/EBITDA/PAT CAGR of 49%/65%/90%, driven by strategic positioning in clean energy solutions and increasing adoption of reliable, on-site power for data centers.
Bharat Electronics
Supported by a robust ₹730b order book and sustained inflows, Bharat Electronics remains well placed to benefit from large platform programs across the Army, Navy, and Air Force. A strong addressable market underpins expectations of sustained revenue growth exceeding 15% over coming years. Strong execution during Q3FY26 drove revenues and margins above expectations, aided by disciplined cost control and operating leverage. Effective supply-chain management has insulated the company from semiconductor shortages and commodity volatility, while higher indigenization levels continue to support better-than-expected profitability. Looking ahead, Bharat Electronics is positioned to capitalize on sizable orders including QRSAM, Akash-NG, next-generation corvettes, and base programs. Improved margins and healthy execution underpin management's guidance, with revenue and PAT expected to grow at 18% and 16% CAGR over FY25-28.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
أسئلة مفتوحة
- Will the Oracle-Bloom Energy partnership actually materialize as projected?
- Are there any geopolitical risks affecting defense procurement?
- How will semiconductor shortages impact Bharat Electronics going forward?
