After delivering 10% returns in 2025, the Nifty’s outlook for 2026 looks more constructive, with the benchmark seen rising 13% to 29,731, according to Nilesh Jain, Head VP – Equity Research at Centrum Broking. Improving macro indicators, stronger Q2 GDP growth, benign inflation and an end to corporate earnings downgrades underpin the positive view, he said, while identifying 10 fundamentally strong stocks offering potential upside of up to 36%.
Centrum broking's only pick from the auto sector is Belrise Industries. It is a leading automotive component manufacturer in 2W segment. Company's acquisition of H-One India is a positive and will strengthen core capabilities.
The Navaratna company has a 37% market share in Indian defence electronics. The FY26 outlook remains strong with order book at Rs 74,453 crore as of
October 1, 2025, providing strong revenue visibility and supporting sustained growth.
Asia's oldest stock exchange plays a pivotal role in India's financial market ecosystem. BSE aims to expand institutional participation in equity derivatives to enhance liquidity and sustain growth momentum in index futures trading.
CAMS remains the dominant player in the duopoly-driven MF RTA industry, holding a robust 68% market share and constituting 70% of its revenue from operations. The overall AUM serviced is rising at a CAGR of 19% between FY20-25, while equity AUM grew at a higher 21%.
EFL is the market leader in electric water purifiers/vacuum cleaners' segments with a market share of 45%/ 60%. The company is the likely biggest beneficiary of massive industry tailwinds. The margin expansion will continue and after sales segment has massive potential to grow.
HBL Engineering is engaged in manufacturing specialised batteries, railway electronics, defence electronics and EV charging infrastructure, focusing on technology. It is an approved supplier for Kavach 4.0.
Hindustan Aeronautics is India’s largest aerospace and defense PSU, playing a critical role in indigenization under the Atmanirbhar Bharat initiative. The company boasts a unique business with a very strong moat. HAL’s orderbook stood at Rs 1.8 lakh crore at the end of 2QFY26.
2025's top metal performer is engaged in various processes from copper mining to the final stage of converting copper into saleable products. The company has a monopoly in the Indian copper mining industry.
KFin Technologies is a leading technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes. Its RTA business market share is maintained. Its financials remain strong.Day's plan
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
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