Top stocks to buy today: Stock recommendations for June 18, 2025
According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Voltas, ONGC, and TCS are the top stocks to buy today:
VOLTAS – Breakout from Inside Value Setup
Buy near ₹1300–₹1280 | Stop Loss: ₹1175 | Target: ₹1540
VOLTAS broke out after nearly a month of consolidation, accompanied by a DECENT surge in volume—indicating strong accumulation.
Tired of too many ads? go ad free now
What makes this consolidation phase particularly notable is that it occurred within the R3–S3 zone of the monthly Camarilla pivots, establishing an Inside Value relationship.
This setup forms when the current month's pivots are nested within the previous month's range, often signalling a potential breakout with strong directional bias.
ONGC – POSITIONAL BUY
Buy near ₹252 | Stop Loss: ₹235 | Target: ₹290
ONGC recently broke out of its narrow consolidation range indicating strength.
The stock is now trading above this range, supported by a base formation around the 200-day EMA high/low band, reinforcing bullish sentiment.
Additionally, the daily RSI has moved above the 50 mark after a prolonged period, signaling a shift in momentum.
TCS – Breakout from Inside Value Setup
Buy near ₹3515 | SL: ₹3400 | Target: ₹3685
TCS recently witnessed a breakout following a consolidation phase that lasted nearly a month, accompanied by a significant rise in volume—signalling strong accumulation.
Interestingly, this consolidation happened within the R3–S3 range of the monthly Camarilla pivots, creating an Inside Value setup.
This formation occurs when the pivot range for the current month lies within the range of the previous month, typically indicating a possible directional move.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
40 minutes ago
- News18
TCS opens AI-led operations centre in Latin America
Agency: Last Updated: New Delhi, Aug 19 (PTI) Tata Consultancy Services (TCS) has opened an AI-driven operations centre in Mexico City, as the company affirmed its commitment to accelerating innovation in Mexico and Latin America. The new office in Mexico City is TCS' eighth operations centre in Mexico, where the company has built a workforce of over 11,000 skilled associates in the past two decades. The facility will be staffed with AI specialists and software engineers with expertise in emerging enterprise technologies. 'Establishing this new office is a key component of TCS' growth strategy in Latin America and is expected to generate employment opportunities within the country over the next two years," it said. TCS' new office in Mexico City is designed to drive innovation and collaboration with local and international clients, offering a variety of solutions from its portfolio, including AI, cloud, cybersecurity, IoT, IT infrastructure, application development and cognitive business operations, the release said. Rajeev Gupta, Head-Nearshore LATAM and Country Head – Mexico, TCS, said the launch of the AI-powered office in Mexico City marks a key milestone in the company delivering solutions for customers in the country. 'Our promise of creating jobs in Mexico is proof of our firm commitment to continue developing the Mexican digital ecosystem, while fostering local talent and establishing Mexico as a hub for innovation and digital transformation," Gupta added. PTI MBI MBI SHW view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
Mint
an hour ago
- Mint
Market strategy: Nifty 50 valuations reasonable, FY26 EPS growth seen 9%: MOFSL; prefer BFSI, Consumer, Telecom stocks
Corporate earnings for 1QFY26, referred to as the 'Crossover quarter,' indicated a shift from the modest low single-digit earnings growth of FY25 to a consistent trajectory of double-digit growth, according to Motilal Oswal Financial Services (MOFSL). MOFSL believes that a significant aspect of this quarter was the improved sectoral breadth of earnings growth. In the MOFSL coverage universe, large-cap companies (87 in total) achieved an earnings growth of 10% Year-over-Year (YoY), which is consistent with the overall universe. Mid-cap companies (92 in total) continued their strong performance from the previous two quarters, delivering impressive earnings growth of 24% Year-over-Year, surpassing our estimate of 20%. Conversely, small-cap earnings declined by 11% YoY, contrasting with their expectation of flat growth, with 46% of the coverage universe failing to meet their projections. As per the brokerage, the highest earnings upgrades projected for FY26E include Tata Consumer (9.7%), Apollo Hospitals (6.5%), Eicher Motors (3.8%), Hero MotoCorp (3.5%), and IndusInd Bank (2.6%). The most significant earnings downgrades anticipated for FY26E are Eternal (-35.4%), ONGC (-10.2%), Axis Bank (-8.7%), Power Grid Corp. (-5.3%), and Sun Pharma (-5.1%). MOFSL pointed out that the projected growth in EPS for Nifty-50 is expected to reach around 9% in FY26, compared to a sluggish 1% in FY25, supported by an anticipated enhancement in the macroeconomic landscape due to supportive fiscal and monetary policies. 'The Nifty 50 EPS estimate for FY26 was reduced by 1.2% to ₹ 1,108, largely owing to ONGC, Reliance Industries, Axis Bank, Power Grid Corp, and HDFC Bank. FY27E EPS was also reduced by 0.9% to ₹ 1,296 (from ₹ 1,308) due to downgrades in ONGC, Reliance Industries, Axis Bank, Eternal, and Power Grid Corp,' said the brokerage. As per the brokerage, the earnings of 1QFY26 have largely aligned with expectations, showing a reduction in the intensity of earnings cuts compared to earlier quarters, although the pattern of increased downgrades persists this quarter. Despite the Indian equity market experiencing fluctuations over the last two months due to tariff concerns, they maintain that the potential for improved earnings and reasonable valuations (excluding small-caps) should allow the market to secure moderate growth. The brokerage asserts that the impact of the US tariff disputes on Indian markets will be minimal. Currently, the Nifty 50 is trading at 22.2x FY26E earnings, which is close to its long-term average of 20.7x. MOFSL's model portfolio continues to favor large-cap stocks, holding a weight of approximately 70%, but has become more optimistic about mid-cap stocks, increasing their weight to 22% from 16% due to improved earnings performance and better outlooks. They are overweight in sectors such as BFSI, Consumer Discretionary, Industrials, Healthcare, and Telecom, while they are underweight in Oil & Gas, Cement, Real Estate, and Metals. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
New Indian Express
2 hours ago
- New Indian Express
ONGC and EIL partner to establish India's first helium recovery plant
NEW DELHI: OECT, the research and development arm of Oil and Natural Gas Corporation Limited (ONGC), entered into a formal agreement with Engineers India Limited (EIL) on Tuesday to implement a Helium Recovery Demonstration Plant at ONGC's Kuthalam Gas Collection Station in Cauvery Asset, Tamil Nadu. The total agreement is valued at Rs. 39.42 crore (plus applicable GST), with the project scheduled for completion within 18 months. As per ONGC, helium is a critical resource used in space exploration, semiconductor manufacturing, cryogenics, fiber optics, and medical technologies. It is currently imported to meet India's needs. "Establishing indigenous capability in Helium recovery is therefore of strategic importance for the country's technological advancement and energy security," said ONGC in a press note.
