Stock market recommendations: Lenskart, and Happy Forgings have been recommended as the top stocks to buy for the week starting September 21, 2026 by Motilal Oswal Wealth Management Research Desk. Below is what the brokerage has to say about the stocks:
| NAME | CMP (Rs) | TP (Rs) | Upside (%) |
| Lenskart | 707 | 800 | 13% |
| Happy Forgings | 2153 | 2438 | 13% |
LenskartLenskart has established strong competitive advantages in a category that remains difficult to scale, supported by centralized and highly automated manufacturing, deep backward integration, a broad omnichannel network and a house-of-brands strategy covering mass to premium segments. Strong unit economics, including sub-10-month store payback and 33%+ store EBITDA margins, along with low category penetration and limited competition, should support expansion to approximately 4,500 India stores by FY29, implying approximately 1,900 additions over FY26-29, supported by robust free cash flow generation.International pre-Ind AS EBITDA margin reached 10.5% in 1QFY27, ahead of our initial FY28E assumption of approximately 9.2%, despite an approximately 45% YoY increase in marketing spend. We factor in approximately 395bp/approximately 300bp expansion in India/International EBITDA margins through FY29 to 19.4%/13.5%, driving 27%/46%/59% revenue/EBITDA/PAT CAGR over FY26-29E.Happy ForgingsHappy Forgings (HFL) approximately INR9.5b incremental order book, executable over the next 2–3 years, is expected to drive the majority of topline growth over FY27–29. PVs and industrials account for approximately 70% of the order book, providing strong revenue visibility & supporting sustained business growth. PVs and industrials currently contribute 24% of revenue, but management expects their share to increase to 45–50% over the medium term.Higher realizations, improving business mix and operating leverage should support sustainable margin expansion. We expect HFL to deliver a 25% revenue, 28% EBITDA and 30% PAT CAGR over FY26–29. Margins are expected to expand from 31% currently to 33% by FY29, supported by better mix, operating leverage and benefits from the captive solar plant.(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.)
