Stocks to Buy: These 3 stocks are recommended for purchase this week, with returns expected up to 57%.

News Topical, Digital Desk : The stock market has seen a decline this week, due to weak foreign signals. Even amid this market decline, brokerage houses are continuously issuing investment advice in select stocks that are expected to yield high returns. The latest research reports from Emkay Global, Motilal Oswal Financial Services, and Motilal Oswal have seen a positive outlook on Waaree Energies, Mphasis, and Northern Arc Capital this week. All three brokerage houses have described the companies' growth visibility and valuations as attractive in their analyses. All three stocks could see gains of 42 to 57%. Emkay Global has maintained a BUY rating on Waaree Energies and assigned a target price of ₹4,260, implying a potential upside of approximately 57% from current levels. The report states that despite the US imposing a 126% initial CVD on Indian solar imports, the brokerage believes the company will not be directly impacted as Waaree does not source cells from the affected countries for US supplies. The company's US capacity is expected to reach approximately 4.2 GW by mid-CY26, and a strong order book of 25 GW provides long-term growth support. Mphasis Motilal Oswal reiterated a BUY rating on IT company Mphasis with a target price of ₹3,400. The stock closed at ₹2297, implying a 48% upside potential from here. The report states that while the market debate surrounding AI may be intensifying, its impact at the enterprise level will be gradual. The company has achieved a TCV of approximately $2 billion over the past four quarters, which could support double-digit growth. However, expansion of valuation multiples may be limited due to AI-based disruption. In the NBFC space, Motilal Oswal initiated coverage on Northern Arc Capital with a BUY rating and a target price of ₹360. The stock closed below ₹252 on Friday, suggesting a 43% upside potential from here. According to the report, the company has made a structural shift from an IR (Intermediate Retail) model to D2C lending, where the D2C share has reached 56% and aims to reach 70% by FY28. The brokerage estimates AUM and PAT to grow at a CAGR of 20% and 34%, respectively, during FY26-28, providing room for improvement in RoA and RoE. 

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