Top stocks to buy (AI image)

Stock market recommendations:According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting November 3, 2025) are TVS Motor Company and M&M Financials. Let’s take a look:

TVS Motor CompanyTVS Motor Company benefits from a strong product/momentum backdrop, with solid volumes and a healthy launch pipeline that bolster confidence in sustained performance. Its premiumisation strategy and diversified segments are paying off, with consistent market-share gains across domestic and export markets, and expansion into used-vehicle, three-wheeler, EV and export channels enhancing resilience. Margins are on a favourable trajectory, as EBITDA margins gradually improve alongside robust revenue growth. Structural tailwinds, including recent GST rate cuts, a buoyant festive season and a favourable product cycle, further support the outlook. Analysts have upgraded forecasts, citing higher earnings visibility and long-term growth prospects. With large projected CAGRs in revenue, EBITDA and PAT, the company’s premium valuation is supported by valuation discipline and the expectation of sustained outperformance.M&M FinancialsM&M Financials posted a strong 2Q FY26 result, with profit rising sharply yoy and beating expectations. Other income saw a robust upswing, driven by higher fee income and dividend income from its insurance-broking arm. Net interest margin expanded by around 12 basis-points qoq, reflecting lower funding costs and reduced leverage post-rights-issue, and management expects margins to hold steady. Business momentum improved late in the quarter and into October, with pickup in tractor and passenger-vehicle volumes aided by GST cuts. The used-vehicle segment gained share, underscoring diversification of channels. Asset quality improved compared to historical trends, and management expects further improvement in the second half. The company targets 15% growth in its loan book for FY26, supported by 18-20% disbursement growth in H2. Credit cost guidance has improved to 1.7% of assets in FY26 and 1.6% in FY27. Earnings forecasts for FY26/’27 have been upgraded to reflect higher recurring dividend income and medium-term outlook remains healthy.(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)