# Motilal Oswal picks Crompton Greaves, ICICI Pru AMC, sees 35% upside

2026-08-24T04:07:15+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Motilal Oswal Wealth Management has recommended buying shares of Crompton Greaves Consumer Electricals and ICICI Prudential Asset Management Company for the week starting August 24, 2026, with upside potential of up to 35%. The brokerage expects Crompton Greaves to double its revenue by FY31 and targets an EBITDA margin above 12%. Crompton Greaves shares at Rs 252 have a target of Rs 340, implying a 35% gain. In the June quarter, revenue and profit grew around 12% and 15% respectively despite commodity inflation. ICICI Prudential AMC shares at Rs 3,281 have a target of Rs 3,800 for a 16% return. The AMC manages Rs 11.2 lakh crore in mutual fund assets and holds a 13.4% market share. Motilal Oswal projects 21% profit growth for Crompton Greaves over FY26-28 and 15% profit growth for ICICI Prudential AMC over the same period. The recommendations are based on the research desk's analysis and do not necessarily reflect the views of the Times of India.

## Indian Opinion Analysis

Brokerage-backed stock picks flood Indian news during market hours, but retail investors rarely have access to the research behind them. Motilal Oswal Wealth is a mid-tier domestic wealth manager, not a top-tier sell-side house, so its target prices carry less weight than those from Morgan Stanley or CLSA. Crompton Greaves is pivoting from fans and pumps into higher-margin categories like solar and water purifiers, a diversification that dilutes its legacy valuation but also lifts its addressable market. ICICI Prudential AMC benefits from India's structural mutual fund penetration story, yet its alternatives business, growing at 50%, already accounts for one-tenth of revenue. The real test for both stocks will be their next quarterly results due in October 2026.

## Coverage

- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-august-24-2026-week-crompton-greaves-icici-prudential-amc-stocks-to-buy-today/articleshow/133449670.cms>
  Leads with detailed broker targets and company financials, no critical questioning of assumptions or disclaimer buried at bottom. Straightforward financial advice copy.

This story was synthesised by AI from the source linked above.

Tags: Crompton Greaves, ICICI Prudential AMC, Motilal Oswal, stock market
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