Expert Picks: Happy Forgings and Siemens Energy Tipped for Growth in Upcoming Week

NEW DELHI – As the trading week commencing August 10, 2026, approaches, investors are keenly eyeing potential opportunities. The Motilal Oswal Wealth Management Research Desk has released its latest stock market recommendations, highlighting two companies as top stocks to buy: Happy Forgings and Siemens Energy.

The research firm provides a detailed rationale for each pick, underscoring their strong financial performances and promising growth trajectories. Here’s a closer look at their projections:

Happy Forgings: Sustained Performance and Robust Growth Outlook

Happy Forgings has consistently demonstrated strong financial health, with its performance in Q1 FY27 standing out. The company recorded a significant 27% year-on-year revenue increase, accompanied by an impressive 280 basis point expansion in its EBITDA margin, reaching 31.3%. This marks the fourth consecutive quarter where margins have remained above 30%, a testament to its operational efficiency.

Analysts attribute this resilient margin performance to the company’s cost-efficient manufacturing capabilities, a favourable product mix, and robust operating leverage. Even amidst a challenging economic environment, Happy Forgings has managed to exceed market expectations.

The future outlook for Happy Forgings appears equally bright, buoyed by a healthy order book valued at approximately Rs 9.5 billion. Management guidance points towards a high-teen volume growth for FY27. Furthermore, the company is strategically exploring new avenues for growth in the industrial and passenger vehicle segments. An upcoming captive solar project is anticipated to further enhance EBITDA margins by 100–150 basis points starting from FY28, reinforcing its commitment to sustainable growth and profitability.

In recognition of this strong execution, Motilal Oswal Wealth Management has upgraded its FY27 and FY28 earnings estimates by 3% and 9%, respectively. The firm projects Happy Forgings to achieve a revenue Compound Annual Growth Rate (CAGR) of around 30% and maintain EBITDA margins of nearly 33% over FY26-28, culminating in a robust earnings CAGR of 41%.

Siemens Energy: Capitalizing on the Green Transition

Siemens Energy India delivered an exceptional performance in Q3 FY26, reporting year-on-year revenue, EBITDA, and profit after tax increases of 39%, 72%, and 68%, respectively. This robust growth was driven by strong execution and improved operating leverage, which contributed significantly to margin expansion. The company’s order inflows reached Rs 34 billion, propelling its order book to a record Rs 193 billion—a 16% year-on-year increase—thereby ensuring healthy revenue visibility for the foreseeable future.

Siemens Energy is strategically positioned to benefit from several structural growth opportunities, particularly those arising from increasing investments in renewable energy transmission, grid modernization, industrial decarbonization, and the burgeoning data center sector. Ongoing capacity expansion initiatives, coupled with growing export opportunities and a strong order pipeline across both its Power Transmission and Power Generation businesses, further strengthen its promising outlook.

Motilal Oswal expects order inflows in the Power Transmission segment to grow at a 13% CAGR from FY25 to FY28E. Over the same period, the firm forecasts Siemens Energy to achieve a CAGR of 26% for revenue, 32% for EBITDA, and 34% for profit after tax. These projections are underpinned by strong execution, consistent profitability, and sustained market demand in key sectors.

(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.)