Stock Market Highlights: Indian Oil Corporation Ltd and M&M Top Picks

According to Motilal Oswal Financial Services Ltd, the top stock picks for the week starting May 12, 2025, are Indian Oil Corporation Ltd and M&M. Here's why these stocks stand out:

Indian Oil Corporation Ltd: A Strong Performer

Indian Oil Corporation Ltd's 4QFY25 EBITDA exceeded estimates by 110%, driven by higher-than-estimated GRM and marketing margins. With a tax rate below estimates, the PAT stood at INR72.6b, 5x above estimates. The company is well-positioned with major refinery expansions and plans to add 3,000–4,000 new retail outlets in FY26.

M&M: Outperforming Expectations

M&M reported a better-than-expected performance in Q4, with a strong margin beat in the FES segment. Revenue grew 24.5% YoY, and EBITDA margin expanded 180bp YoY to 14.9%. Management is confident of outperforming the UV industry in FY26, driven by new launches and plans to boost UV capacity.

Disclaimer: The opinions and recommendations are those of the brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor before making any investment decisions.