New Delhi, Dec. 30 -- As Indian stock markets enter 2026 after a year of consolidation, brokerage house Motilal Oswal Financial Services (MOSL) said the coming year is likely to be defined by earnings recovery and steady growth rather than euphoric rallies.

The brokerage noted that the Nifty ended 2025 with gains of nearly 10%, despite global trade uncertainties, persistent FII selling and muted earnings momentum. It expects corporate earnings growth to rebound to 9% in FY26, improving further to about 15% in FY27 and FY28, supported by domestic policy stability, RBI rate cuts and a revival in private capex.

Against this backdrop, the brokerage has identified 10 high-conviction stock ideas for 2026, each backed by clear earnings visibil...