# Motilal Oswal names 40 stocks for Q2 earnings season

> Motilal Oswal recommends 40 stocks to buy as Indian equities show improved risk-reward profile.
- Title: Motilal Oswal names 40 stocks for Q2 earnings season · mint
- Summary: Motilal Oswal recommends 40 stocks to buy as Indian equities show improved risk-reward profile. Motilal Oswal Financial Services recommends 40 stocks…
- Keywords: motilal oswal, icici bank, infosys, q2 earnings, stock market, earnings growth, model portfolio, financial services, money, business, Motilal, Oswal
- Source: mint — https://livemint.com/market/stock-market-news/ril-icici-bank-infosys-and-more-motilal-oswal-names-40-stocks-to-buy-during-q2-earnings-season-check-full-list-11791605694356.html
- Author: Pranati Deva
- Published: 2026-10-10T05:12:14+00:00
- Read time: 1 min
- Topics: motilal oswal, icici bank, infosys, q2 earnings, stock market, earnings growth, model portfolio, financial services, money, business
## Motilal Oswal recommends 40 stocks
Motilal Oswal Financial Services has recommended 40 stocks to buy during Q2 earnings season.
## Expected 22% earnings growth
The brokerage expects September 2026-quarter earnings to rise 22% year-on-year across its coverage universe.
## Valuation correction
India’s market consolidation has led to sustained cooling in valuations from 2024 highs with large-caps down 31% and mid-caps 36%.
## Model portfolio stocks
The model portfolio includes ICICI Bank, HDFC Bank, Infosys, Larsen & Toubro, Bharat Electronics, Titan Company, Reliance Industries, Bharti Airtel and Apollo Hospitals.
## Sector allocation
The brokerage is overweight on diversified financials, information technology, new-age platforms, manufacturing and industrials.
## Earnings growth projections
MOFSL expects 19% profit growth in FY27 and 14% in FY28 following 13% growth in FY26.
## Risk factors
Global interest rates, energy prices, geopolitical developments and foreign investor flows could impact market performance.
## Stock selection strategy
Investors must distinguish between companies with sustainable earnings growth and those with low base growth projections.
## Key takeaway

Motilal Oswal Financial Services recommends 40 stocks including ICICI Bank and Infosys for Q2 earnings season with expected 22% earnings growth in September 2026 quarter.