Midwest Stock Alert: Motilal Oswal Predicts 55% Rally, Initiates 'Buy'

• Motilal Oswal initiates 'Buy' on Midwest Ltd., setting a price target of ₹2,000 and a bull case of ₹2,500, indicating a 54% upside from Wednesday's closing.
• Midwest is India's largest producer and exporter of premium Black Galaxy Granite, holding over 60% of India's export market share.
• The company is diversifying into high-growth Quartz and Heavy Mineral Sands (HMS) businesses, aiming to reduce granite's revenue share to 50% by FY28.
• Motilal Oswal projects Midwest's overall revenue and EBITDA to grow at 36% and 47% CAGR respectively over FY25-28, driven by new ventures.
• Key risks include export concentration, regulatory uncertainties, delays in quartz production ramp-up, and granite demand reliance on global real estate cycles.

Why It Matters: Motilal Oswal recommends buying Midwest stock, citing strong growth potential from diversification and market leadership.