Top stocks to buy: Stock recommendations for the week starting December 1, 2025 - check list

Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting December 1, 2025) are Reliance Industries Limited (RIL), and HCL Tech. Let’s take a look:

Reliance Industries Limited (RIL)

RIL reported an operationally in-line 2QFY26, with consolidated EBITDA up 5% QoQ to INR459b, led by a strong recovery in Retail and steady performance in RJio. Retail revenue grew 19% YoY, driven by festive demand, GST rationalization, and strong traction in quick commerce, while RJio added 8.3m subscribers with rising 5G engagement. O2C earnings improved 3% QoQ, supported by stronger fuel cracks and higher throughput.

Management remains confident of sustained growth in Retail and RJio, supported by digital adoption, premiumization, and efficient execution. We estimate RIL’s consolidated EBITDA and PAT to grow at a CAGR of ~10–11% over FY25–28, driven by continued strength in consumer businesses and improving FCF generation.

HCL Tech

HCL Technologies delivered a strong 2QFY26, with revenue up 2.4% QoQ CC, ahead of estimates, and EBIT margin at 17.4%, supported by robust deal wins (TCV: USD 2.6b, +16% YoY). The company upgraded its Services growth guidance to 4–5% YoY CC, reaffirming steady execution.

Growth was led by IT services and ER&D, aided by early traction in AI-led solutions, which now form ~3% of total revenue. Advanced AI platforms like AI Force and AI Factory are driving productivity and non-linear growth. We expect revenue/PAT CAGR of 5.3%/7.2% over FY25–27, supported by large-deal ramp-ups, AI adoption, and healthy client mining.

While near-term margin pressures from wage hikes and furloughs persist, HCLT remains the fastest-growing large-cap IT firm with strong FCF generation and an all-weather portfolio.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)


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