Top stocks to buy (AI image)

Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting December 8, 2025) are Safari Industries, and JSW Steel. Let’s take a look:

Safari IndustriesSafari Industries is consolidating its position as one of India’s fastest-growing luggage players, supported by a broad product portfolio, strong omnichannel reach, and expanding in-house manufacturing. Its emphasis on e-commerce and modern trade—combined with rapid growth of exclusive stores and deeper penetration into tier-2 and tier-3 cities—has created a solid demand engine. Improved efficiencies and backward integration at the Jaipur plant are strengthening cost management and aiding margin expansion. The company’s rising share in hard luggage and the premium Urban Jungle and SI-Select ranges reflects successful premiumization. With steady monthly store additions and increasing plant utilization, Safari is scaling smoothly. Despite competitive intensity in soft luggage, its focused execution, digital capabilities, and strengthening premium positioning support durable growth, healthy profitability, and expanding leadership in India’s organized luggage market.JSW SteelJSW Steel’s move to place Bhushan Power & Steel into a 50:50 joint venture with JFE Steel reflects a strategic pivot toward better capital efficiency and a technology-driven upgrade of its value-added steel offerings. The restructuring unlocks significant value created through the BPSL turnaround, demonstrated by the INR320b cash inflow and INR350b reduction in consolidated debt, enhancing JSW’s financial flexibility as it targets 50mtpa capacity by FY31. Access to JFE’s advanced steelmaking expertise, combined with a cleaner corporate structure post–slump sale, supports stronger governance and product capability. BPSL’s 4.5mtpa Odisha operations, now part of the JV, continue to benefit from post-acquisition efficiency gains, with the INR530b enterprise valuation reflecting fair value realization. With steel spreads expected to improve, EBITDA/t on an upward trajectory, and net-debt-to-EBITDA likely easing toward 1.7x by FY27, the transaction bolsters JSW Steel’s balance sheet and strategic headroom ahead of major capacity expansions.(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)