Motilal Oswal flags Happy Forgings and Siemens Energy as top buys this week

Motilal Oswal Wealth Management Research Desk has identified Happy Forgings and Siemens Energy as its top stock recommendations for the week starting August 10, 2026. Happy Forgings posted a 27% year-on-year revenue increase in Q1 FY27 and widened its EBITDA margin by 280 basis points to 31.3%, marking four straight quarters above the 30% threshold. Management cites a Rs 9.5 billion order book and expects high-teen volume growth for FY27, with new industrial and passenger-vehicle opportunities and a captive solar project that could boost margins further from FY28.

Siemens Energy India reported a 39% rise in revenue and a 72% jump in EBITDA in Q3 FY26, supported by a record Rs 193 billion order book and strong demand in renewable-energy transmission and grid modernization. The research desk raised its FY27/FY28 earnings estimates for Happy Forgings by 3% and 9% respectively, and forecasts double-digit CAGR growth for Siemens Energy through FY28. Both firms are positioned to benefit from expanding order pipelines and sector-specific tailwinds.