Brokerages back Mamaearth, DMart, 5 other stocks. See upside of up to 17%

Honasa Consumer is the largest digital-first BPC company in India with a diversified portfolio of brands offering differentiated propositions. The stock trades at FY26E/FY27E PE of 69.9x/51.5x respectively which looks reasonable given the company’s volume led growth, improving margin trends, scale-up of its younger brands and investments in both product & distribution capabilities.

(SBI Securities)

Brokerage Investmentz remains optimistic about ADANIPORTS’ growth prospects, supported by its integrated port-logistics model, capacity expansions, and international forays. Ongoing developments—such as greenfield port projects, deeper penetration into value-added logistics, and deployment of technology for operational efficiency—strengthen the company’s competitiveness. The CMP is Rs 1,360.

(Investmentz)

Stock offers attractive valuation and trades at FY25 P/E multiple of 40.0x, which is at a discount to listed QSR peers. Further, TFS is a proxy to the Indian aviation growth story. It has a strong presence across all the major airport terminals across India as well as concession wins at both the upcoming new airports at Greater Noida and Navi Mumbai. The brand portfolio has a healthy mix of third party and in-house QSR brands.

(SBI Securities)

Anthem is an innovation driven and technology focused Contract Research, Development & Manufacturing Organization (CRDMO) with fully integrated capabilities spanning across drug discovery to commercial manufacturing. Company has reported robust financial performance and is well placed to encash on the fast-growing CRDMO industry on the back of capacity expansion plans, funding and well established track record of profitable growth.

(SBI Securities)

Axis Securities' conviction buys in the FMCG sector are Varun Beverages and DOMS Industries. "We believe the FMCG sector offers a compelling blend of defensive growth, premiumisation potential, and resilient return ratios in an otherwise volatile market," Axis said.

-- Buy Varun Beverages | Target: Rs 590 | Upside: 14%

-- DOMS Industries | Target: Rs 2,820 | Upside: 13%

– Trent | Target: Rs 6,160 | Upside: 13%

(Axis Securities)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)