On to the top stock picks for today, as recommended by some of India’s leading market experts.
Two stocks to trade, recommended by NeoTrader’s Raja Venkatraman
Godrej Agrovet Ltd (Cmp 803.85)
Why it’s recommended: Last quarter Godrej Agrovet demonstrated a mixed performance as it faced margin pressures due to fluctuating raw material costs, heightened competition in the infrastructure sector, and demand volatility in real estate. After enduring these challenges, the volumes began to pick up in the last few weeks to show some strong showing in the last few days. A strong closing on Wednesday augurs a BUY.
Key metrics: P/E: 29.86 | 52-week high: ₹877.85 | Volume: 539.44K.
Technical analysis: Support at ₹725, resistance at ₹950.
Risk factors: Input cost inflation, particularly impacting soybean prices, and challenges in its subsidiary.
Buy: CMP and dips to ₹783.
Target price: ₹875-895 in 1 month.
Stop loss: ₹773.
Heidelbergcement India Ltd (Cmp 214.54)
Why it’s recommended: Heidelberg remains a key player from the midcap space in cement industry, benefiting from increasing data consumption and strong subscriber additions. After being in a range for more than five months the stock has given a strong breakout above key resistance zones around 204, with volumes signalling strong bullish interest.
Key metrics: P/E: 45.54 | 52-week high: ₹258 | Volume: 860.34 K
Technical analysis: Support at ₹186, resistance at ₹222.
Risk factors: Poor long-term growth and underperformance in the market.
Buy: CMP and dips to ₹205.
Target price: ₹240-255 in 1 month.
Stop loss: ₹202.
Stock to trade today—recommended by Trade Brains Portal
NTPC Green Energy Ltd
Current price: ₹106
Target price: ₹130 in 12-14 months
Stop-loss: ₹90
Why NTPC Green Energy is recommended: NTPC Green Energy is India’s largest renewable energy public sector enterprise (apart from hydro)in terms of operating capacity, and serves as the umbrella organisation for NTPC’s green business initiatives. To guide NTPC’s green energy path and meet its ambitious target of 60 GW by FY32, NGEL works on both organic and inorganic initiatives.
Energy storage, hybrid power, solar power, wind power, and green hydrogen are all part of NGEL’s diverse business portfolio. The company, which has a capacity of more than 3.4 GW, has commissioned 17 projects and has 24 projects underway.
NGEL reported revenue from operations of ₹2,210 crore for FY25, up 12.5% from ₹1,963 crore in FY24. Ebitda stood at ₹2,173 crore, up 19.4% from ₹1,819 crore in the previous year. Profit after tax rose 38% to ₹474 crore.
In the auction conducted by Solar Energy Corporation of India Ltd for the construction of 2,000 MW of inter-state transmission system-connected solar photovoltaic power plants, NTPC Renewable Energy Ltd, a fully owned subsidiary of NTPC Green Energy, secured a 500 MW solar power contract. The installation of energy storage systems with a combined capacity of 1,000 MW/4,000 MWh is also up for auction.
To build renewable energy projects in Bihar, such as ground-mounted and floating solar arrays, battery energy storage systems, and green hydrogen mobility initiatives, the company has signed a memorandum of understanding with Bihar’s industries department. NTPC Renewable Energy has also won a 1,000 MW solar PV power project auction from Uttar Pradesh Power Corporation Ltd.
As of April, the company had a competitive tariff-based bid order book for the construction of 3.5 GW of continuously operational hybrid projects, 0.2 GW of wind projects, and 9.8 GW of solar projects. By 2032, the NTPC group intends to use NGEL to boost its renewable energy capacity to 60 GW.
Risk factor: NTPC Green Energy is exposed to timing and cost overruns in these under-construction assets: around 13.5 GW of capacity is under construction in NGEL and its subsidiaries, around 1.9 GW is under construction in Ayana, and another 1.8 GW in other joint ventures.
The company’s primary method of project execution is engineering, procurement, and construction, and includes mechanisms for obtaining liquidated damages for commissioning delays. It is still exposed to cost increases for projects not yet awarded.
NHPC Ltd
Current price: ₹84
Target price: ₹105 in 12-14 months
Stop-loss: ₹73
Why NHPC is recommended: NHPC, India’s largest hydropower development company, was founded in 1975 and is equipped to handle all aspects of hydro power project development, from planning to commissioning. In addition to developing numerous renewable energy projects, NHPC has expanded into solar and wind energy. It has operations in 15 states and two union territories. Of the company’s 24 active projects, 21 are hydro projects, one is wind, and two are solar.
The company reported revenue from operations of ₹8,994 crore for FY25, up 7% from ₹8,397 crore in the year before. But profit after tax fell to ₹3,084 crore from ₹3,722 crore. On a combined basis, capital expenditure amounted to ₹11,596 crore in FY25, slightly lower than the projected capex of ₹11,762 crore.
The company has 8,140 MW of installed capacity (7,771 MW hydro, and 369 MW renewable energy) through 30 power plants. It is currently working on 9,897 MW of projects, including 1,383 MW of solar and 8,514 MW of hydro. In India, NHPC accounts for 16% of the installed hydroelectric capacity. Of the 47,928 MW of hydroelectric power in India, NHPC has a capacity of 7,771 MW.
In April, the Parbati-II hydroelectric project (800 MW) was fully commissioned by NHPC. The company’s largest operational power plant is now the Parbati-II power station. NHPC is also building pumped storage projects in Andhra Pradesh, Odisha, Madhya Pradesh, Chhattisgarh, Gujarat, Tripura, Punjab, Rajasthan, and Maharashtra.
Risk factors: Given NHPC’s exposure to state distribution utilities and departments with a moderate-to-weak credit profile, the company is subject to counterparty credit risk. Debtors have accumulated in the past, particularly from Jammu and Kashmir Power Corporation Ltd.
The company is exposed to project execution and funding-related concerns when contemplating major capital expenditure plans in the hydro and renewable segment because it has already experienced cost and schedule overruns for the 2,000-MW Subansiri Lower and 800-MW Parbati II projects.
Two stocks recommended by MarketSmith India for 3 July:
Buy: Sagility India Ltd (current price: ₹43.72)
- Why it’s recommended: Robust earnings and profitability, leader in the U.S. healthcare BPM
- Key metrics: P/E: 37.28, 52-week high: ₹ 56.40, volume: ₹ 706.92 crore
- Technical analysis: Reclaimed 100-DMA on above average volume
- Risk factors: High client concentration and U.S. market dependency, governance and execution exposures
- Buy at: ₹ 43.72
- Target price: ₹ 49 in two to three months
- Stop loss: ₹ 41
Buy: Sai Life Sciences Ltd (current price: ₹789)
- Why it’s recommended: Strong presence in CRAMS segment, global client base and repeat business
- Key metrics: P/E:184.18, 52-week high: ₹ 838, volume: ₹648.76crore
- Technical analysis: Consolidation base breakout
- Risk factors: Customer concentration risk, margin pressure from competition
- Buy at: ₹ 420
- Target price: ₹ 920 in two to three months
- Stop loss: ₹ 740
Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729.
Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.
MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O’Neil India Pvt. Ltd, and its Sebi registration number is INH000015543.
Investments in securities are subject to market risks. Read all the related documents carefully before investing.
Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
