Best Stocks to Invest In Today: Expert Advice
Aakash K Hindocha, Deputy Vice President of WM Research at Nuvama Professional Clients Group, suggests buying Coromandel, Cummins India, and BHEL stocks today. Let’s dive into his insights on Nifty, Bank Nifty, and the top stock picks for June 26, 2025.
Nifty Index Overview
Nifty has seen high volatility this week. Yet, it has gained half a percent. On Wednesday, it hit an 8-month high. Nifty aims to reach levels near 25,500. Support at 24,800 stayed strong despite global volatility. Both types of crude oil have dropped over 10% this week. This drop has positively impacted Indian markets.
Bank Nifty Insights
Bank Nifty has followed Nifty’s trends. Both indices broke out upwards and formed an inside bar pattern yesterday. A target of over 1,000 points has opened up from the recent breakout at 56,200. This could lead to new all-time highs.
Top Stock Picks for Today
Coromandel (BUY)
- Last Closing Price (LCP): Rs 2,354.80
- Stop Loss: Rs 2,300
- Target: Rs 2,650
Coromandel stock has risen over 27% this year. It shows a bullish pole and flag pattern breakout. This breakout ends a 4-week corrective consolidation. The stock aims for new all-time highs.
Cummins India (BUY)
- Last Closing Price (LCP): Rs 3,318.90
- Stop Loss: Rs 3,180
- Target: Rs 3,680
Cummins India stock has broken out from its 1-year corrective trendline. Multiple retests confirm this breakout’s strength. A 200-day moving average supports the upward trend. Targets are likely 10-12% higher than the current market price.
BHEL (BUY)
- Last Closing Price (LCP): Rs 261.85
- Stop Loss: Rs 252
- Target: Rs 285
BHEL has shown strong momentum this quarter. An inverse head and shoulder formation appears on weekly charts. This pattern sets a bullish breakout, allowing prices to rise further.
Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.
