Chandan Taparia of Motilal Oswal has issued buy recommendations for Sona BLW Precision Forgings, Bharat Heavy Electricals Ltd (BHEL), and Dixon Technologies, signaling selective opportunities within the Indian equity market despite broader macroeconomic headwinds.
The recommendations come as investors navigate heightened volatility driven by escalating geopolitical tensions between the US and Iran, which have pushed crude oil prices higher and triggered sell-offs in global risk assets.
The brokerage’s selection reflects a strategy focused on domestic resilience and structural growth themes.
Sona BLW, a key player in the automotive components sector, benefits from the ongoing transition to electric vehicles and premiumization in the Indian auto market.
BHEL, a state-owned power equipment manufacturer, is positioned to gain from India’s continued push for energy infrastructure and grid modernization.
Dixon Technologies, a major electronics manufacturing services provider, aligns with the government’s production-linked incentive schemes aimed at boosting domestic manufacturing.