Want long-term investment ideas? Brokerage picks 5 stocks with targets indicating up to 26% upside—Tata Steel, BEL, TVS Motor on the list

Motilal Oswal has included TATA Steel in its list of fundamental picks with a target price of Rs 210. The stock closed at Rs 166.75 in the last session, leaving meaningful room for appreciation. The brokerage expects steady domestic demand, improving steel spreads and planned capacity additions to support earnings over the next four quarters. The stock has already gained this year but remains attractively valued in comparison with global peers.

TVS Motor remains one of the standout performers in the two-wheeler and three-wheeler space. Motilal Oswal has maintained a buy rating with a target price of Rs 4,159, implying a 14 per cent upside from recent levels. The stock has delivered more than 50 per cent returns this year, supported by strong premium motorcycle sales, growing exports and improving margins. With a market capitalisation of Rs 1.73 lakh crore, TVS continues to expand its EV and premium portfolio, strengthening its long-term growth story.

Bharat Electronics (BEL), one of India’s largest defence PSUs, features in the brokerage’s top picks with a target price of Rs 490. The company recently secured an order worth Rs 871 crore, adding to its robust pipeline. BEL’s steady order inflows, strong balance sheet and increasing role in indigenised defence production give it long-term visibility. The stock has delivered close to 40 per cent gains this week alone and remains in a decisive uptrend.

In the IT sector, Motilal Oswal prefers mid-cap player Coforge, assigning a target price of Rs 2,400 — an upside of 22 per cent. The company’s market capitalisation now stands at Rs 66,419 crore. Strong order intake, consistent deal momentum and a resilient vertical mix have helped Coforge outperform several peers. The stock has gained nearly 20 per cent in three months and continues to attract institutional interest.

Motilal Oswal sees meaningful upside in Max Financial Services, recommending a target price of Rs 2,100. The stock, which closed at Rs 1,688.15, has surged 53 per cent so far this year. The brokerage expects sustained premium growth, distribution expansion and margin improvement to support the company’s long-term performance. With life insurance penetration steadily improving in India, Max Financial remains well positioned in its segment.