HPCL and Varun Beverages recommended as top stocks

Motilal Oswal Financial Services has named HPCL and Varun Beverages as top stock picks for the week starting March 17, 2025. HPCL's current market price is 324, with a target of 490, indicating a potential 51% upside. HPCL's recent earnings exceeded expectations due to strong refining margins and marketing volumes. Key factors include compensation for LPG under-recovery and new refinery projects. Varun Beverages reported a 38% revenue growth in Q4, driven by strong sales in South Africa and Congo. The company anticipates continued growth in both domestic and international markets, with a projected annual revenue increase of 12% to 17% through 2026.