Stock Recommendations for the Week of June 8, 2026: Shriram Finance and Cummins India
Top stocks to buy: Stock recommendations for June 8, 2026 week - check list
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Motilal Oswal Wealth Management recommends Shriram Finance and Cummins India for the week starting June 8, 2026. Shriram Finance aims for a target of ₹1,175, while Cummins India targets ₹600, indicating potential upsides of 27% and 14%, respectively.
- 01Motilal Oswal recommends Shriram Finance with a current market price (CMP) of ₹923 and a target of ₹1,175, indicating a 27% upside.
- 02Cummins India has a CMP of ₹579 with a target of ₹600, suggesting a potential upside of 14%.
- 03Shriram Finance's strategic partnership with MUFG includes a capital infusion of approximately USD 4.4 billion for a 20% stake.
- 04The company expects a 1% reduction in borrowing costs over the next 2-3 years due to rating upgrades and improved access to debt markets.
- 05Cummins India reported a 24% growth in powergen revenue and a 22% increase in distribution revenue for FY26.
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For the week beginning June 8, 2026, Motilal Oswal Wealth Management has highlighted Shriram Finance and Cummins India as top stock picks. Shriram Finance, currently priced at ₹923, has a target of ₹1,175, reflecting a potential upside of 27%. The company continues to strengthen its position as a leading retail-focused non-banking financial company (NBFC), particularly in rural and semi-urban markets. Its recent partnership with MUFG, involving a capital infusion of approximately USD 4.4 billion for a 20% stake, is expected to enhance its liability profile and reduce borrowing costs by about 1% over the next 2-3 years. Meanwhile, Cummins India, with a current market price of ₹579, has a target of ₹600, indicating a 14% upside. The company has shown robust growth, with powergen revenue increasing by 24% and distribution revenue rising by 22% in FY26, driven by demand from data centers and the manufacturing sector. Both companies are well-positioned for sustained growth in the coming years.
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Investors in the Indian stock market may benefit from the recommendations of Shriram Finance and Cummins India, which are positioned for growth.
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