Stock market recommendations: Bharat Electronics and Central Mine Planning & Design Institute (CMPDI) have been recommended as the top stocks to buy today on June 19, 2026 by Bajaj Broking Research.
Bharat Electronics
Buy in the range of ₹422-430. Target: ₹473. Return: 11%. Stop Loss: ₹399. Time Period: 3 months. The stock has generated a breakout above the falling channel containing the last 2 months' decline and has closed above the 20- and 50-days EMA, thus offering a fresh entry opportunity. Key observations in the long-term chart show it has been trading in a rising channel over the last month, reflecting strong buying interest at the lower band. The stock is likely to gradually head towards the previous all-time high of March 2026 placed around ₹473 in the coming months. On the downside, the ₹400 zone is expected to act as a strong support area as it coincides with both the lower band of the rising channel and the 52-week EMA. Supporting the positive view, the weekly 14-period RSI has also flashed a buy signal after crossing above its 9-period average, indicating improving momentum.
Central Mine Planning & Design Institute (CMPDI)
Buy in the range of ₹244.00-250.00. Target: ₹275. Return: 11%. Stop Loss: ₹229. Time Period: 1 month. The stock during the current week has generated a breakout above the last 5 weeks' triangular consolidation pattern. In the last two sessions, the pullback has the stock currently testing the breakout area, thus offering a fresh entry opportunity. Key observations in the weekly chart show the stock took five weeks to retrace just 38.2% of the previous six weeks' rally (₹150-263). A shallow retracement signals strength, and the current consolidation is a higher base formation for the next leg of the up move. The stock is expected to head towards ₹275 levels in the coming month, being the 138.2% external retracement of the entire previous consolidation (₹263-221).
Stock Market Round-Up of Thursday's Session
Indian benchmark indices, BSE Sensex and Nifty50, extended their winning streak to a fifth consecutive session on Thursday, buoyed by positive geopolitical developments and a continued decline in crude oil prices. The BSE Sensex rose 254.36 points, or 0.33%, to close at 77,409.98. During the session, the index moved within a wide range of 539.33 points, touching an intraday high of 77,492.33 and a low of 76,953. The NSE Nifty also finished higher, gaining 82.30 points, or 0.34%, to settle at 24,168.
Among Sensex constituents, InterGlobe Aviation, Trent, Bharat Electronics, NTPC, State Bank of India, and HDFC Bank emerged as the leading gainers. On the other hand, Infosys, Tech Mahindra, Maruti, and Tata Consultancy Services ended the day among the top losers. Global benchmark Brent crude continued to ease, falling 2.23% to $77.78 a barrel, providing further support to market sentiment. Investor confidence was also aided by developments on the geopolitical front after US President Donald Trump and Iran signed a Memorandum of Understanding at a dinner hosted at the Palace of Versailles in France on Wednesday, aimed at bringing an end to the conflict that has lasted for more than three months.
Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.
Get the latest business news and top stories. Download the TOI App. Ready to Make a Smarter Property Decision? Build Your Legacy with TOI Homes. About the Author: TOI Business Desk. The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
