Top stocks to buy (AI image)

Stock market recommendations: Siemens Energy, and Polycab are Motilal Oswal Financial Services Ltd’s top stock recommendations for this week starting March 2, 2026. Below is the rationale and target prices:

Siemens EnergySiemens Energy is well positioned to benefit from the domestic and global T&D capex cycle, supported by energy transition tailwinds and rising transformer demand. Incremental capacity expansion to 60,000 MVA reflects confidence in long-term demand visibility and export opportunities. Revenue grew 26% YoY, broadly in line, while EBITDA margin expanded 200bp YoY to 24.1%, aided by lower other expenses. Strong margins, higher other income, and a lower tax rate led to 57% YoY PAT growth. Order backlog rose 38% YoY, providing healthy revenue visibility/ We model 27%/31%/32% revenue/EBITDA/PAT CAGR over FY25–28E, led by robust transmission growth and steady generation recovery. We marginally tweak our estimates by 4%/1%/1% for FY26/27/28 and arrive at a revised TP of INR3,600 (earlier INR3,400), based on 55x Mar’28E EPS.PolycabPolycab continues to gain market share in the Cables & Wires segment, supported by strong distribution reach, premium product portfolio, and favourable demand from real estate, infrastructure, and urbanization trends. Project Spring targets growth at ~1.5x industry levels, strengthening long-term visibility. Temporary margin pressure from commodity inflation and elevated channel inventory has reversed quickly, with inventory normalizing and full cost pass-through implemented. Stabilizing raw material prices and strong underlying demand are expected to drive sequential margin improvement and earnings recovery. Premiumization, rising brand investments, and deeper distribution penetration are accelerating growth across wires and FMEG categories. We expect ~16%/19%/18% revenue/EBITDA/PAT CAGR over FY26-28, supported by strong cash flows, disciplined capex, and improving operating leverage.(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)