Stock market recommendations: Motilal Oswal Wealth Management Research Desk has identified Happy Forgings and Siemens Energy as the top stocks to buy for the week starting August 10, 2026. Let’s take a look:
| Name | CMP (Rs) | Target (Rs) | Upside (%) |
| Happy Forgings | 1895 | 2095 | 11% |
| Siemens Energy | 3648 | 4100 | 12% |
Happy ForgingsHappy Forgings delivered a strong performance in Q1 FY27, with revenue rising 27% year-on-year and EBITDA margin expanding 280 basis points to 31.3%, marking the fourth consecutive quarter of margins above 30%. The resilient margin performance, despite a challenging operating environment, highlights the company’s cost-efficient manufacturing capabilities, better product mix and operating leverage, enabling it to outperform expectations.Growth visibility remains healthy, supported by an order book of around Rs 9.5 billion and management’s guidance of high-teen volume growth for FY27. New opportunities in the industrial and passenger vehicle segments are expected to drive the next phase of growth, while the captive solar project should enhance EBITDA margins by 100–150 basis points from FY28 onwards.Reflecting the strong execution, we have upgraded our FY27/FY28 earnings estimates by 3% and 9%, respectively. We expect the company to deliver a revenue CAGR of around 30%, maintain EBITDA margins of nearly 33% over FY26-28, and generate a robust earnings CAGR of 41%.Siemens EnergySiemens Energy India reported a robust performance in Q3 FY26, with revenue, EBITDA and profit after tax rising 39%, 72% and 68% year-on-year, respectively. Strong execution and improved operating leverage supported margin expansion, while order inflows of Rs 34 billion took the order book to a record Rs 193 billion, up 16% year-on-year, providing healthy revenue visibility.The company is well placed to benefit from structural growth opportunities driven by rising investments in renewable energy transmission, grid modernization, industrial decarbonization and data centers. Ongoing capacity expansion, increasing export opportunities and a healthy order pipeline across both its Power Transmission and Power Generation businesses further strengthen the outlook. We expect order inflows in the Power Transmission segment to grow at a 13% CAGR over FY25-28E and forecast revenue, EBITDA and profit after tax to deliver a CAGR of 26%, 32% and 34%, respectively, over the same period, supported by strong execution, healthy profitability and sustained demand.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)
