December 3, 2025

Nirmal Bang

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VA Tech Wabag has significant opportunities arising in new- age sectors. Buy for target price of ₹2100 (55% upside): Yes Securities

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Belrise Industries has multiple growth levers in place; valuation comfortable. Buy for target price of ₹215 (28.2% upside): JMFICS

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Premier Energies has one of the largest solar cell capacities in India & is likely to do well. Buy for target price of ₹1320 (33% upside): ICICI Securities

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Privi Speciality Chemicals is reinventing the aroma chemicals landscape. Buy for target price o ₹3960 (30% upside): Motilal Oswal

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ADF Foods’ strategic branding initiatives expected to drive the overall growth. Buy for target price of ₹272 (31% upside): Nirmal Bang

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