Top stocks to buy (AI image)
Stock market recommendations: For the trading week starting April 27, 2026, Tata Steel, and Cyient DLM are the top stock picks from Motilal Oswal Wealth Management Research Desk.
| Stock name | CMP (Rs) | TP (Rs) | Upside (%) |
| Tata Steel | 210 | 240 | 14% |
| Cyient DLM | 373 | 470 | 26% |
Tata SteelIndia’s steel demand is projected to grow 8–10% over FY26-30, supported by policy tailwinds and improving industry fundamentals. Tata Steel is scaling domestic capacity from 26.5mtpa in FY25 to 40mtpa by FY31, including expansion at Kalinganagar and NINL, positioning it to capture volume-led earnings growth during the upcycle. Safeguard duty-led protection, rising HRC prices (₹47,500/t to ₹53,500/t), lower imports, and China’s production curbs are stabilizing domestic spreads.In Europe, Carbon Border Adjustment Mechanism (CBAM) implementation and tighter quotas are expected to improve pricing discipline and support realizations. European losses have narrowed sharply, with UK breakeven targeted in the coming quarters. We are constructive on Tata Steel, given strong domestic demand, safeguard duty-led price support, ongoing capacity expansions and a gradual turnaround in the EU business.“Cyient DLMCyient DLM’s 4QFY26 consolidated revenue/EBITDA declined, owing to a higher base of BEL orders & geopolitical disruptions in West Asia. However, Q4FY26 is expected to be the last quarter of earnings decline. Cyient DLM closed with a 10-quarter high order book of ₹24.2 billion and a healthy book-to-bill ratio of 2x, providing strong revenue visibility and supporting expectations of broad-based growth across FY27.The company is expanding beyond aerospace and defence into automotive, semiconductor equipment, AI infrastructure, and domestic defence opportunities, creating multiple long-term growth drivers and reducing dependence on any single segment. With an improving product mix, rising contribution from higher-value box-build and build-to-spec programs, and better operating leverage, the company is well-positioned for margin expansion going ahead. We estimate a CAGR of 24%/36%/61% in revenue/EBITDA/ adjusted PAT over FY26-28.(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)
