2 days ago
Top stocks to buy today: Stock recommendations for June 12, 2025
Top stocks to buy today (AI image)
Top stock market recommendations:
According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Tata Motors, Mphasis, and Hero Motocorp are the top buy calls for today. Here's his view on Nifty, Bank Nifty and the top stock picks for June 12, 2025:
Index View: Nifty Outlook
Nifty has broken out from its 3 week consolidation and now stands at an eight month closing highs.
With the index holding above 25050 resistance level for the past 3 consecutive days. This confirms a breakout from the range for higher targets of 25400 / 25600 however the support is far below at 24650. This is because for the past two days markets have closed lower than its open despite ending in green.
Bank Nifty
Bank Nifty broke out into fresh all-time highs after the monetary policy announcement as the index reclaimed its wall of worry.
Outperformance of Bank Nifty is likely to continue for this week's trade as well as the index resumes further upside towards 57200 / 57600 odd, however fresh longs are likely to provide good risk to reward only on dips towards 56200.
TATAMOTORS (BUY):
LCP: Rs 736.40
Stop Loss: Rs 712
Target: Rs 782
Tata Motors stock has seen a 5-7% corrective consolidation in the past 3 weeks of trade which was an after effect of a sharp 40% rally before that. With supportive news flow for domestic players in the new EV policy acting as tailwind, passenger vehicle stocks are likely to see further momentum.
Tata Motors is a cleaner set up amongst the peers on charts for another 6-8% rally from CMP.
MPHASIS (BUY):
LCP: Rs 2,679.90
Stop Loss: Rs 2,550
Target: Rs 2,870
After trading at an 18 month low in April, Mphasis has been rising in a steep upward moving channel. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTYIT index on a YTD basis which is down over 12% while LTIM is down 6% in the same period of 2025.
A move towards the higher range of the bullish channel is likely to unfold for a target of 2850-2900.
HEROMOTOCO (BUY):
LCP: Rs 4,410.00
Stop Loss: Rs 4,150
Target: Rs 4,800
Having run up nearly 30% from its recent low in March – Hero Motocorp is now on verge of breaking out from an inverse head and shoulder pattern formation for fresh upside retesting its December 2024 highs. A bullish flag breakout is about to commence for targets aimed 10% higher from CMP.
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