Stock market recommendations: Gokaldas Exports, and Reliance Industries (RIL) are the top stocks that Motilal Oswal Wealth Management Research Desk has chosen as ‘buy’ recommendations for the week starting June 29, 2026.
| Stock Name | CMP (Rs) | Target (Rs) | Upside (%) |
| Gokaldas Exports | 859 | 1110 | 29% |
| Reliance | 1318 | 1655 | 26% |
Stock recommendations
Gokaldas ExportsGokaldas Exports operates across India, Kenya, and Ethiopia, with garment manufacturing capacity of about 92 million pieces annually (52 million in India and 40 million through Atraco in East Africa). It also owns a 19% stake in BTPL, strengthening fabric sourcing and integration. The India garment business is projected to grow at a 10% CAGR during FY26–FY28 with operating margins of 12–13%.Atraco is expected to deliver a 26% CAGR over the same period, supported by higher utilization, while BTPL is projected to generate ₹6.6 billion in revenue by FY28. Gokaldas Exports has long-term direct partnerships with major brands including Gap Inc., Carhartt, Columbia Sportswear, JCPenney, and Abercrombie & Fitch.These top five customers contribute roughly 65–70% of revenue, while still offering room for deeper penetration. The company is expected to deliver FY26–FY28 CAGR of 18% in revenue, 33% in EBITDA, and 73% in profit after tax (PAT), driven by expansion in its Indian operations and strong support from its African manufacturing platform.Also Check | Stock market live coverageReliance IndustriesReliance Industries is expected to enter its next phase of growth, driven by continued momentum across its digital, retail, and new energy businesses. The telecom segment is likely to remain the largest growth driver, supported by tariff hikes, market share gains, and the ongoing expansion of home broadband and enterprise services.Retail is projected to benefit from store additions, improved productivity, and the scaling up of hyperlocal offerings, while investments in artificial intelligence and clean energy are expected to strengthen long-term growth prospects. Although the O2C business may witness only a modest recovery amid industry headwinds, consolidated EBITDA and profit are estimated to grow at around 9–10% CAGR over FY26–28. With capital expenditure expected to moderate, Reliance is also well positioned to generate strong free cash flows and gradually reduce net debt.
Stock market week ahead
Market experts are of the view that geopolitical developments, particularly the latest military confrontation involving the United States and Iran, their impact on crude oil prices, and key domestic macroeconomic releases are expected to steer stock market sentiment this week.Investors are also likely to keep a close watch on foreign institutional investor activity and the progress of the southwest monsoon, which remain important market drivers.“Market participants will closely monitor Industrial Production (IIP) data, the final HSBC Manufacturing, Services and Composite PMI readings, and the foreign exchange reserves data for fresh insights into the health of the domestic economy,” said Ajit Mishra, Senior Vice President, Research, Religare Broking Ltd.He added that movements in crude oil prices and geopolitical developments in West Asia would continue to play a significant role in influencing global market sentiment.The automobile sector will also remain in focus, with investors tracking the monthly auto sales figures scheduled to be released on July 1.“The week ahead is likely to be shaped by developments on the geopolitical front, with investors closely monitoring tensions in the Middle East following the latest military exchanges involving US and Iranian forces. While broader diplomatic efforts remain in place, the recent flare-up has reminded markets that geopolitical risks remain elevated.“Any signs of renewed negotiations or de-escalation could help sustain the recent improvement in risk sentiment, while a further deterioration in relations may prompt a reassessment of global growth and energy market expectations,” said Ponmudi R, Chief Executive Officer of online trading and wealth-tech firm Enrich Money.He added that, on the domestic front, investors would also closely track the advancement of the southwest monsoon.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India. )
