4 Midcap Motilal Oswal Mutual Fund Stocks to Watch for Future Multibagger Potential: Persistent Systems, Coforge, Waaree Energies and Premier Energies
- October 29, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Persistent Systems Rs 5,848. Coforge Rs 1,961.90. Waaree Energies Rs 2,238. Premier Energies Rs 845.20. Market caps from Rs 41,087 crore to Rs 94,676 crore. Data as of 28 Oct 2026.
Quick Answer
Persistent Systems, Coforge, Waaree Energies and Premier Energies are the 4 picks in this Motilal Oswal mutual fund stocks watchlist, with market caps between Rs 41,087 crore and Rs 94,676 crore. Persistent Systems stands out for the fastest profit growth, 28.20% a year since FY22, while Coforge offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.08. PE ratios run from 16.90 to 49.22, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.
Motilal Oswal mutual fund stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Persistent Systems, Coforge, Waaree Energies and Premier Energies meet that test, with market caps from Rs 41,087 crore to Rs 94,676 crore and Persistent Systems offering the fastest profit growth, 28.20% a year since FY22. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and Motilal Oswal Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and Motilal Oswal Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening Motilal Oswal mutual fund stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Motilal Oswal Mutual Fund Stocks and Why Do They Attract Multibagger Interest?
Motilal Oswal mutual fund stocks are shares of mid sized companies in which Motilal Oswal Mutual Fund or one of its schemes is named among the top domestic institutional holders in the latest shareholding pattern. The four here cover IT services, digital engineering, solar modules and solar cells.
When a respected fund house like Motilal Oswal Mutual Fund holds a large stake, it shows that its research teams have studied the business closely and backed it with investors money. For Motilal Oswal mutual fund stocks, both FY26 and the latest quarter showed growth. A sensible way to study Motilal Oswal mutual fund stocks is to look at profit growth, returns and valuation side by side. Below, each of Motilal Oswal mutual fund stocks gets its own breakdown of growth, returns and valuation. Treat Motilal Oswal mutual fund stocks as a research list, since share prices and rankings change with every earnings season.
Motilal Oswal Mutual Fund Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 28 October 2026. Waaree Energies has the lowest PE of the group at 16.90, while Premier Energies posts the highest return on equity at 35.05%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Persistent Systems | 5,848 | 94,676 | 49.22 | 18.27 | 23.80% | 0.06 | 4,244.50 to 6,599.00 |
| Coforge | 1,961.90 | 88,796 | 46.24 | 17.66 | 16.31% | 0.08 | 1,008.10 to 2,021.20 |
| Waaree Energies | 2,238 | 67,650 | 16.90 | 45.89 | 25.71% | 0.22 | 2,238.00 to 3,718.80 |
| Premier Energies | 845.20 | 41,087 | 24.55 | 53.49 | 35.05% | 0.86 | 660.00 to 1,134.00 |
Persistent Systems: 28.20% Profit CAGR Since FY22
Persistent Systems is a digital engineering company that builds software products and AI-led platforms for clients in banking, healthcare and technology. It reported FY26 revenue of Rs 14,928.88 crore, up 23.62% year on year, and net profit of Rs 1,865.12 crore, up 33.21%. Net profit has compounded at 28.20% a year since FY22, while revenue has grown 26.37% a year. Operating margin was 19.57% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.
In the June 2026 quarter, revenue rose 29.09% to Rs 4,373.87 crore and net profit grew 13.67% to Rs 483.04 crore. The share price has gained 177.49% over five years. Domestic institutions raised their holding from 30.60% in September 2025 to 31.96% in September 2026. The stock trades at a PE of 49.22 against an industry PE of 18.27, with a return on equity of 23.80%.
Coforge: 23.72% Profit CAGR Since FY22
Coforge is an IT services company serving clients in travel, banking, insurance and other industries. It reported FY26 revenue of Rs 16,475.90 crore, up 34.63% year on year, and net profit of Rs 1,674.50 crore, up 73.79%. Net profit has compounded at 23.72% a year since FY22, while revenue has grown 26.26% a year. Operating margin was 17.40% in FY26. The debt-to-equity ratio is 0.08, which keeps interest costs low.
The stock trades at a PE of 46.24 against an industry PE of 17.66, with a return on equity of 16.31%. In the June 2026 quarter, revenue rose 49.19% to Rs 5,554.50 crore and net profit grew 49.19% to Rs 531.70 crore. The share price has gained 73.24% over five years and 10.25% over the past year.
Waaree Energies: Revenue Up 83.52% in FY26
Waaree Energies is one of India’s largest solar module makers by capacity and manufactures solar cells and modules. It reported FY26 revenue of Rs 27,244.92 crore, up 83.52% year on year, and net profit of Rs 3,884.15 crore, up 101.45%. Revenue has compounded at 74.31% a year since FY22. Operating margin was 23.82% in FY26. The debt-to-equity ratio is 0.22.
In the June 2026 quarter, revenue rose 76.25% to Rs 8,102.60 crore and net profit grew 15.39% to Rs 891.87 crore. Domestic institutions raised their holding from 2.82% in September 2025 to 4.09% in September 2026. The stock trades at a PE of 16.90 against an industry PE of 45.89, below the sector average, with a return on equity of 25.71%.
Premier Energies: Revenue Up 20.65% in FY26
Premier Energies makes solar cells and modules at manufacturing plants in Telangana. It reported FY26 revenue of Rs 8,025.91 crore, up 20.65% year on year, and net profit of Rs 1,509.69 crore, up 61.10%. Revenue has compounded at 79.85% a year since FY22. Operating margin was 33.02% in FY26.
The stock trades at a PE of 24.55 against an industry PE of 53.49, below the sector average, with a return on equity of 35.05%. In the June 2026 quarter, revenue rose 34.13% to Rs 2,507.63 crore and net profit grew 53.33% to Rs 471.92 crore. Domestic institutions raised their holding from 13.26% in September 2025 to 18.88% in September 2026.
Motilal Oswal Mutual Fund Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these Motilal Oswal mutual fund stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Persistent Systems | 14,928.88 | 1,865.12 | 23.62% | 26.37% | 29.09% | 17.84% |
| Coforge | 16,475.90 | 1,674.50 | 34.63% | 26.26% | 49.19% | 18.63% |
| Waaree Energies | 27,244.92 | 3,884.15 | 83.52% | 74.31% | 76.25% | 20.31% |
| Premier Energies | 8,025.91 | 1,509.69 | 20.65% | 79.85% | 34.13% | 30.86% |
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Institutional Holding in Persistent Systems, Coforge, Waaree Energies and Premier Energies
Institutional holding shows who is backing these Motilal Oswal mutual fund stocks alongside the promoter. The table uses the latest reported quarter for each. Coforge has the deepest institutional backing, with FII and DII together holding 66.93% as of June 2026. Domestic institutions increased their holding over the past year in Persistent Systems (from 30.60% to 31.96%), Waaree Energies (from 2.82% to 4.09%) and Premier Energies (from 13.26% to 18.88%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Persistent Systems | 30.29% | 20.79% | 31.96% | 16.96% | September 2026 |
| Coforge | Nil | 24.31% | 42.62% | 33.07% | June 2026 |
| Waaree Energies | 64.12% | 8.57% | 4.09% | 23.22% | September 2026 |
| Premier Energies | 58.49% | 7.12% | 18.88% | 15.51% | September 2026 |
Risks to Weigh in Motilal Oswal Mutual Fund Stocks
Being careful with Motilal Oswal mutual fund stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Persistent Systems trades at a PE of 49.22 against an industry PE of 18.27, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Motilal Oswal Mutual Fund Stocks
Picking from Motilal Oswal mutual fund stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (17.66 to 53.49) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among Motilal Oswal mutual fund stocks, Persistent Systems stands out for the fastest profit growth, 28.20% a year since FY22, Coforge for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.08, Waaree Energies for the lowest PE of the group at 16.90 and Premier Energies for the highest return on equity at 35.05%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing Motilal Oswal mutual fund stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Motilal Oswal Mutual Fund Stocks to Watch
Which are the best Motilal Oswal mutual fund stocks to watch for multibagger potential?
Ans. Persistent Systems, Coforge, Waaree Energies and Premier Energies are the 4 names this list highlights, with market caps of Rs 94,676 crore, Rs 88,796 crore, Rs 67,650 crore and Rs 41,087 crore respectively. Persistent Systems is notable for the fastest profit growth, 28.20% a year since FY22. Coforge stands out for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.08. Waaree Energies offers the lowest PE of the group at 16.90. Premier Energies brings the highest return on equity at 35.05%. These are watchlist names for Motilal Oswal mutual fund stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Premier Energies a good stock for long-term investors?
Ans. Premier Energies has a return on equity of 35.05%, a PE of 24.55 against an industry PE of 53.49 and a market cap of Rs 41,087 crore. FY26 revenue rose 20.65%, and June 2026 quarter net profit grew 53.33%. Long-term returns in Motilal Oswal mutual fund stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Persistent Systems become a multibagger from here?
Ans. Persistent Systems has already gained 177.49% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in Motilal Oswal mutual fund stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 28.20% a year since FY22, and FY26 revenue rose 23.62%. At a PE of 49.22 against an industry PE of 18.27, valuation should be checked against that growth before investing.
What is the market cap of Persistent Systems, Coforge, Waaree Energies and Premier Energies?
Ans. As of 28 October 2026, Persistent Systems has a market cap of Rs 94,676 crore, Coforge has a market cap of Rs 88,796 crore, Waaree Energies has a market cap of Rs 67,650 crore and Premier Energies has a market cap of Rs 41,087 crore. All of them qualify as midcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on Motilal Oswal mutual fund stocks.
What are the risks of investing in Motilal Oswal mutual fund stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Persistent Systems trades at a PE of 49.22 against an industry PE of 18.27, so earnings growth needs to hold up.
Why is Persistent Systems trading at a PE of 49.22?
Ans. Persistent Systems’ PE of 49.22 compares with an industry PE of 18.27. The market is paying a premium for a return on equity of 23.80%, profit growth of 28.20% a year since FY22 and latest-quarter profit growth of 13.67%, which also means the stock is more sensitive if growth slows. Investors in Motilal Oswal mutual fund stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Persistent Systems, Coforge, Waaree Energies and Premier Energies?
Ans. As of the latest reported quarter, FII and DII together hold 52.75% of Persistent Systems (20.79% and 31.96%), 66.93% of Coforge (24.31% and 42.62%), 12.66% of Waaree Energies (8.57% and 4.09%) and 26.00% of Premier Energies (7.12% and 18.88%). Rising institutional holding is a useful signal in Motilal Oswal mutual fund stocks, though it should be read with earnings trends rather than on its own.
