Khemka: Prefers L&T, cautious on IndiGo, sees Swiggy upside

• Siddhartha Khemka of Motilal Oswal prefers L&T, citing steady outlook, strong order inflows, and Middle East visibility; maintains a buy rating with a ₹4,500 target.
• Khemka is cautious on IndiGo (InterGlobe Aviation) due to near-term operational pressure but notes long-term triggers like fleet expansion; advises waiting for Q3 numbers for fresh positions.
• He sees upside in Swiggy, believing market concerns are unwarranted as the company focuses on profitability and discounting ends; expects Instamart to break even by Q1 FY27, with a buy rating and ₹550 target.
• Motilal Oswal maintains a sell rating on Thermax with a target price of ₹3,000.
• Khemka views Premier Energies and Waaree Energies as attractive long-term in renewables, benefiting from capacity additions and sector emphasis.

Why It Matters: Expert insights guide investment decisions in key sectors.