This Security Camera Stock Hits Upper Circuit Today: Motilal Oswal Sees 27% Upside

Shares of a leading security camera and video surveillance company rose 5% to ₹3,468.60 on August 20 after Motilal Oswal Securities initiated coverage with a Buy rating and a price target of ₹4,200. The target implies a potential upside of around 27% from the brokerage's reference price.

The brokerage expects the company to benefit from India's rapidly expanding video surveillance market. With more than 44% share of the domestic market and increasing demand for advanced security solutions, the company could remain well positioned as the industry expands through FY30.

Why this security camera stock is rising today

The immediate trigger behind the stock's move was the initiation of coverage by Motilal Oswal Securities with a positive outlook. The brokerage believes the company's strong market position, increasing manufacturing capabilities and shift towards higher-margin products could support stronger growth over the coming years.

The brokerage estimates India's video surveillance market could more than double from ₹10,600 crore in FY25 to ₹22,700 crore by FY30. Against this backdrop, the company is expected to grow faster than the overall industry.

Key factor	Details
Current share price	₹3,468.60
Today's gain	△ 5.00%
Brokerage rating	Buy
Price target	₹4,200
Potential upside	27%
Current market share	44%+
Expected FY30 surveillance market	₹22,700 crore

Motilal Oswal's growth expectations

Motilal Oswal expects the security solutions company to deliver strong financial growth between FY26 and FY28. The brokerage estimates revenue, EBITDA and profit after tax to grow at CAGRs of 44%, 58% and 64%, respectively.

The company is also expected to benefit from backward integration and greater in-house manufacturing. The brokerage expects operating margins to improve from 13.4% in FY26 to 15% in FY27 and 16.1% in FY28.

Financial metric	FY26-FY28 expected CAGR
Revenue	44%
EBITDA	58%
Profit after tax	64%
FY26 operating margin	13.4%
FY27E operating margin	15.0%
FY28E operating margin	16.1%

Manufacturing and technology expansion

One of the major factors highlighted by the brokerage is the company's investment in manufacturing capabilities. Lens production capacity is expected to increase from 0.3 million pieces per month to 1 million pieces per month by FY28.

The company is also expanding into cables, plastics and metal components while investing in research and development. Its partnerships with L&T Semiconductor and Qualcomm Technologies are expected to support the development of AI-enabled and edge-based video security products.

About Aditya Infotech

Aditya Infotech is associated with the CP Plus brand and operates in India's video surveillance and security solutions market. The company has been expanding its manufacturing capabilities while increasing its focus on product development, technology and domestic production.

Its market position, manufacturing expansion and growing exposure to IP cameras and AI-enabled security solutions are key factors being watched by investors. The company's ability to execute these expansion plans will remain important for its future growth.

Share price outlook

The security camera stock's share price outlook has turned positive following Motilal Oswal's Buy rating and ₹4,200 target. The brokerage's expectations are based on strong industry growth, potential market-share gains, backward integration and improving operating margins.

At the same time, the stock has already delivered substantial gains over the past six months and one year. Investors may therefore watch the company's upcoming financial performance, margin expansion, manufacturing capacity additions and progress in AI-enabled security products to assess whether the projected growth can justify further upside.

Aditya Infotech stock share price performance

The stock has delivered strong returns over longer periods despite its recent short-term weakness.

Period	Return
1 Day	△ 5.00%
5 Days	🔻 11.04%
1 Month	🔻 2.73%
6 Months	△ 123.22%
1 Year	△ 211.78%
5 Years	△ 220.38%

The six-month and one-year gains show that the stock has already witnessed a substantial re-rating. Investors may therefore focus on whether the company's earnings growth can support the elevated market expectations going forward.

What is the Aditya Infotech share price today?

Aditya Infotech shares were trading at ₹3,468.60 on August 20, 2026, after rising 5% during the session.

Why is Aditya Infotech share price rising today?

Aditya Infotech shares gained after Motilal Oswal initiated coverage with a Buy rating and a ₹4,200 price target, citing the company's strong position in India's growing video surveillance market.

What is the Aditya Infotech share price target given by Motilal Oswal?

Motilal Oswal has set a ₹4,200 target price for Aditya Infotech, indicating potential upside of around 27% from the brokerage's reference price.

What is Aditya Infotech's market share in India's security camera market?

Aditya Infotech currently commands more than 44% of India's video surveillance market, according to the brokerage's assessment.

What is the growth outlook for Aditya Infotech?

The outlook remains positive, with expectations of strong revenue, EBITDA and profit growth between FY26 and FY28, supported by industry expansion, manufacturing capacity additions and higher-margin products.

Is Aditya Infotech benefiting from India's growing surveillance market?

Yes. India's video surveillance market is estimated to increase from ₹10,600 crore in FY25 to ₹22,700 crore by FY30, creating a potentially large growth opportunity for Aditya Infotech.

What are the key growth drivers for Aditya Infotech?

Key growth drivers include increasing demand for video surveillance, higher adoption of IP cameras, manufacturing expansion, backward integration, AI-enabled security products and greater in-house production.

What is the Aditya Infotech share price outlook?

The near- to medium-term outlook will depend on earnings growth, margin expansion, market-share gains and execution of manufacturing and technology expansion plans. The ₹4,200 target from Motilal Oswal provides a positive brokerage view, although investors should consider market and valuation risks.

Has Aditya Infotech stock already delivered strong returns?

Yes. The stock gained 123.22% over six months and 211.78% over one year based on the figures provided, indicating a substantial re-rating in the stock.

What is the CP Plus connection with Aditya Infotech?

CP Plus is the key brand associated with Aditya Infotech and operates in the video surveillance and security solutions market.