Brokerage picks Supreme Industries, Greenply, 2 other stocks for 2026; see list

The brokerage’s top pick is Supreme Industries, a leading manufacturer of plastic pipes. The company operates across pipes, packaging, industrial and consumer products, supported by a pan-India distribution network. Its strong focus on product mix improvement and capacity expansion is expected to drive volume growth going forward. The brokerage has assigned a ‘Hold’ rating on the stock. The CMP stands at Rs 3,633, with a target price of Rs 4,146, implying an upside potential of around 15 per cent.

Greenply Industries is a leading plywood manufacturer in India and holds the second-largest share in the organised plywood market after Century Plyboards. Management expects over 10 per cent volume growth in H2 FY26 on the back of improving demand. The company operates the only MDF plant in Western India, giving it a strategic edge, and plans an MDF capacity expansion in the next six months. It is also entering the PVC and WPC window segment with a Rs 55 crore capex. The stock is rated Buy, with a CMP of Rs 260 and a target price of Rs 344, indicating an upside of about 33 per cent.

Neogen Chemicals is a specialty chemicals company focused on bromine- and lithium-based products across pharma and EV segments. It plans a Rs 15 billion capex in battery chemicals, targeting Rs 29 billion revenue by FY29 and a 30 per cent market share in EV electrolytes. The stock is rated Buy, with a CMP of Rs 1,111 and a target price of Rs 2,001, implying an upside of 80 per cent.

Mold-Tek Packaging is a rigid plastic packaging player with 12 plants and 55,000 TPA capacity, serving paints, lubricants, food and FMCG segments. The company is expanding into pharma and cosmetics packaging, which could drive growth, though consumption slowdown and raw material price volatility remain risks. The stock is rated Buy, with a CMP of Rs 610 and a target price of Rs 906.

The views and stock targets mentioned are based on brokerage reports and market information available at the time of writing. This content is for informational purposes only and does not constitute investment advice.