Every bull run has its leaders. The names that quietly build for years, then suddenly become the center of attention when the cycle turns.
Tarun Dokania from TABD broke down the four sectors he believes will lead the next big move: technology and AI, specialty chemicals, consumption, and metals.
His point was clear, the next winners won’t come from random hype, they’ll come from industries where demand is already being locked in.
And inside those sectors, he highlighted six stocks that could define India’s growth story into 2026 and beyond.
What you'll learn 👉
Netweb Technologies: The “Nvidia of India” Play
The most striking pick on the list is Netweb Technologies, which Tarun calls the “Nvidia of India.”
The company just posted 141% year-on-year revenue growth, backed by a massive ₹1,733 crore order book. What makes it even more interesting is that AI systems now make up over 60% of its revenue, compared to barely 10% just two years ago.
Netweb is turning into one of the key hardware backbones behind India’s AI mission, and it’s one of the only listed players building full-stack AI infrastructure locally. That scarcity is why investors are already treating it differently.
Kaynes Technology: India’s Semiconductor Pivot Story
Kaynes is another name sitting right at the intersection of electronics, defense, and India’s push into semiconductors.
The firm is expanding from basic manufacturing to systems design, and the company is currently expanding significantly in both Gujarat and Telangana. For him, this is a long runway play, especially with the increase in domestic capacity in the country.
With a huge capex plan running through FY29, Kaynes is positioning itself as a serious player in advanced PCB and OSAT-style manufacturing – the kind of boring foundation that becomes essential in the next tech cycle.
Read Also: Kaspa to Face Major Threat in 2026: Here’s How KAS Price Could React
Ether Industries: Specialty Chemicals With Real Barriers
In chemicals, Tarun’s favorite pick is Ether Industries, a company building scale in high-barrier specialty chemicals.
This isn’t the kind of business that grows through hype. It grows through capacity, execution, and discipline. Ether’s expansion at its Panoli site is a major part of its next phase, and the focus is shifting toward higher-value pharma and electronic chemical demand.
In a sector known for messy balance sheets, Ether stands out for staying controlled and efficient.
Supriya Life Sciences: Quiet Pharma Growth With Strong Margins
Supriya Life Sciences is another company making a serious transition, moving from commoditized APIs into complex niche chemistry.
The company is aiming for a revenue of ₹1,000 crore by FY27. A longer-term plan would be to achieve 1600 crore by the end of FY29. The company is also nearly debt-free, an achievement rare in a high-growth pharma company.
What makes Supriya stand out is consistency. Strong margins, high backward integration, and a steady move into higher-entry-barrier products.
Varun Beverages: The Expansion Beyond Soft Drinks
Varun Beverages is no longer just a Pepsi bottler story.
Tarun frames it as a long-term compounder expanding into higher-margin categories like dairy, juices, and even alcoholic beverages. The company is also pushing aggressively into Africa, where international markets could become a much bigger share of revenue over the next few years.
After a heavy capex cycle, Varun is now close to net debt-free, giving it room to keep expanding without balance sheet stress.
Nalco: Short-Term Noise, Long-Term Metals Upside
Nalco is the most interesting contrast on the list. Tarun admits he’s short-term cautious, but long-term bullish.
India’s trade positioning with Europe, plus Nalco’s low-cost aluminum production base, gives it a strong setup into 2026. New bauxite mines coming online could lock in raw material security for the next decade.
The risk is policy pressure around green smelting, but the bigger picture is that Nalco sits right inside a structural metals demand cycle.
However what ties these six names together is simple: they aren’t random momentum trades.
These stocks sit inside sectors where India is building real infrastructure, AI hardware, semiconductors, specialty manufacturing, pharma scale, consumer expansion, and metals supply.
The next bull cycle won’t reward noise. It will reward the companies already becoming essential. And these are exactly the kinds of picks that look obvious… after the run starts.
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