On to the top stock picks for16 July, as recommended by some of India’s leading market experts.
Top 3 Stocks Recommended by Ankush Bajaj for 17 July:
Buy: PG Electroplast Ltd (PGEL) — Current Price: ₹828.00
Buy: Uno Minda Ltd — Current Price: ₹1,119.50
- Why it’s recommended: Uno Minda Ltd is on the verge of breaking out to fresh lifetime highs, backed by strong technical confirmation. The daily RSI is at 68, highlighting robust bullish strength that remains sustainable in the short term. On lower timeframes, the stock has broken out from the upper channel of a triangle pattern, which is a classic continuation setup suggesting that momentum traders are stepping in for further upside. If the stock holds above the breakout zone, it is well placed to test levels around ₹1,150 and higher.
- Key metrics: Breakout zone: Breakout from the upper channel of a triangle pattern on lower timeframes.
- Pattern: Triangle breakout indicating a push toward new highs.
- RSI: Firmly bullish at 68 on daily charts.
- Technical analysis: Strong price action and pattern confirmation indicate the stock can extend its rally toward ₹1,150– ₹1,155 if the market supports the breakout.
- Risk factors: A close below ₹1,102 would invalidate this breakout and could lead to a quick pullback. Traders should keep a disciplined stop-loss and manage risk proactively.
- Buy at: ₹1,119.50
- Target price: ₹1,150– ₹1,155
- Stop loss: ₹1,102.00
Two stock recommendations by MarketSmith India for 17 July:
Buy: Nuvoco Vistas Corporation Ltd (current price: ₹376.45)
Why it’s recommended: Capacity expansion and strategic acquisition, focus on premium products, cost efficiency and fuel optimization, and strong distribution network
Key metrics: P/E: 597.39.40, 52-week high: ₹385.65, volume: ₹42.90 crore
Technical analysis: Cup-with-handle pattern breakout on above average volume
Risk factors: Raw material and fuel price volatility, execution risk in integration, dependence on government spending
Buy at: ₹376.45
Target price: ₹435 in two to three months
Stop loss: ₹350
Buy: LIC Housing Finance Ltd (current price: ₹637)
Why it’s recommended: Strong Parentage and Brand Trust, focus on affordable housing, wide network and agent base
Key metrics: P/E: 6.26, 52-week high: ₹ 821, volume: ₹312.78 crore
Technical analysis: Downward sloping trendline breakout
Risk factors: Pressure on Margins, Relatively Slower Growth vs. Peers
Buy at: ₹637
Target price: ₹720 in two to three months
Stop loss: ₹595
Three stocks to trade today, recommended by NeoTrader’s Raja Venkatraman
SWANENERGY (current price ₹521.95)
Buy above ₹522 and dips to ₹485, stop ₹475, target ₹574-595
- Why it’s recommended: After spending lot of time in consolidation the prices corrected sharply and broke the recent supports to test the cloud support suggesting that the trends could now revive. As the prices have now neared the cloud support region around 68, we can look to trade the rebound. Consider going long.
- Key metrics:
- P/E: 1797.16
- 52-week high: ₹809.80
- Volume: 31.22M
- Technical analysis: Support at ₹450, resistance at ₹650
- Risk factors: Market volatility and sector-wide fluctuations in geopolitical news could impact returns.
- Buy at: above ₹522 and dips to ₹485
- Target price: ₹574-595 in one month
- Stop loss: ₹475
SOBHA (current price ₹1,650.60)
Buy above ₹1,651 and dips to ₹1,620, stop ₹1,599 target ₹1,775-1,800
- Why it’s recommended: SOBHA is experiencing a tailwind due to its strong performance last quarter. Profit booking in June dragged the stock down to the cloud support. The subsequent recovery over the past two days has now formed a rounding pattern at higher levels. This can be seen as an opportunity to initiate a long.
- Key metrics:
- P/E: 157.11
- 52-week high: ₹2,066.20
- Volume: 490.46K
- Technical analysis: Support at ₹1,497, resistance at ₹1,800
- Risk factors: Rising input costs, increased operational expenses, and potentially foreign exchange impacts.
- Buy at: above ₹1,651 and dips to ₹1,620.
- Target price: ₹1,775-1,800 in one month.
- Stop loss: ₹1599
EMUDHRA (current price ₹819.15)
EMUDHRA: Buy above ₹822 and dips to ₹795, stop ₹785, target ₹865-885
- Why it’s recommended: The stock has been forming a rounding pattern for the past few days and a with strong volume-led breakout in the last few sessions has managed to cross the KS line, resulting in a strong breakout. The formation of a long body candle with positive news on acquisition augurs well for the stock. Momentum is also seen heading higher.
- Key metrics:
- P/E: 361.62
- 52-week high: ₹1,023.55
- Volume: 490.46K
- Technical analysis: Support at ₹750, resistance at ₹1,000
- Risk factors: Global economic challenges, and challenging macroeconomic environment.
- Buy at: above ₹822 and dips to 795
- Target price: ₹865-885 in one month
Stop loss: ₹785
Stocks to trade today, recommended by Trade Brains Portal for 17 July:
Indian Railway Finance Corp. Ltd
Current price: ₹135
Target price: ₹175 in 16-24 months
Stop loss: ₹110
Why it’s recommended: The ministry of railways has administrative authority for IRFC, a navratna public sector enterprise that was founded in 1986. Its primary responsibility is to raise money from the financial markets in order to finance the development or purchase of assets, which are then leased to Indian Railways. A number of other organizations in the industry, such as Rail Vikas Nigam Ltd (RVNL), RailTel, Konkan Railway Corp. Ltd (KRCL), and Pipavav Railway Corp. Ltd (PRCL), have received financial support from IRFC in addition to the railways. The company’s assets under management (AUM) were valued at ₹4.6 trillion as of 31 March 2025.
IRFC’s net interest income increased by 2.2% from ₹6,429 crore in 2023-24 to ₹6,569 crore in 2024-25. Additionally, its net interest margin improved somewhat, going from 1.38% to 1.42% over the prior year. IRFC approved ₹5,700 crore in loans for the fiscal year, including ₹700 crore for NTPC and ₹5,000 crore for NTPC Renewable Energy Ltd. Additionally, the company became the first bidder for ₹3,167 crore in funding for the construction of the Banhardih Coal Block in Jharkhand’s Latehar district, and it signed a rupee term loan arrangement for ₹5,000 crore with NTPC REL.
The department of public enterprises granted the firm navratna status in 2024-25, and it hopes to soon obtain maharatna status. Additionally, under Indian Railways’ General Purpose Waggon Investment Scheme (GPWIS), the IRFC board authorized funding to NTPC for 20 BOBR rakes on a finance lease basis up to ₹700 crore. In January 2025, a leasing agreement was also struck with NTPC Ltd for eight BOBR rakes, which were valued at over ₹250 crore. Additionally, IRFC and REMCL have signed a memorandum of understanding to jointly investigate financing alternatives for Indian Railways’ renewable energy projects, including possible financing in the nuclear, thermal, and renewable energy domains.
Risk factor: The ministry of railways and its affiliates account for the entirety of IRFC’s loan book. As of 31 March 2025, 37% consisted of advances for leased railway assets, 62% consisted of lease receivables from the ministry, and 1% consisted of loans to organizations such as NTPC and RVNL. The company is susceptible to changes in finance or policy because its expansion is directly linked to the ministry’s investment plans for Indian Railways. Furthermore, IRFC is vulnerable to interest rate swings and shifts in investor sentiment due to its reliance on market borrowings.
Sona Blw Precision Forgings Ltd
Current price: ₹456
Target price: ₹550 in 16-24 months
Stop loss: ₹405
Why it’s recommended: One of the top mobility technology firms in the world, Sona BLW Precision Forgings Ltd (Sona Comstar) was founded in 1995. It designs, manufactures, and supplies systems and components for global mobility OEMs in both electrified and non-electrified powertrain segments. The company has three engineering competency centres, five R&D centres, and twelve manufacturing units.
India, the US, China, Serbia, and Mexico are among the five nations where it is present. North America accounts for 41% of the company’s revenue, followed by India (29%), Europe (24%), Asia (6%), and the rest of the world (0.3%). Globally, Sona BLW holds an 8% market share in differential gears and a 5% market share in starter motors.
In 2024-25, the company reported revenue from operations of ₹3,546 crore, an increase of 11.3% from ₹3,185 crore in the previous year. Ebitda stood at ₹975 crore with a 27.5% Ebitda margin. Profit after tax increased by 16% to ₹600 crore from ₹518 crore in the previous year. Segment-wise revenue share from BEV rose from 29% to 36% in 2024-25. In 2024-25, the firm increased its global market share for starter motors from 4.2% to 4.4% and differential gears from 8.1% in CY2023 to 8.8% in CY2024. The company’s net order book increased to ₹24,200 crore after securing orders totalling ₹4,700 crore.
For an enterprise value of ₹1,600 crore, the business signed a Business Transfer Agreement (BTA) with Escorts Kubota Ltd (Escorts) in 2024-25 to acquire its railway business. The deal was finalized on 1 June 2025. To collaborate on connected, autonomous, and electric technologies for AGVs, drones, and eVTOLs, the company has inked a memorandum of understanding (MOU) with the NMICPS Technology Innovation Hub on Autonomous Navigation Foundation at IIT Hyderabad (TIHAN-IITH) at CES 2025 in Las Vegas, USA. Through the production-linked incentive (PLI) scheme for the automobile and auto component industry in India, the company has obtained certification for another product, namely the hub wheel motor for electric two-wheelers.
Risk factor: Changes in commodity prices could have a significant effect on the company’s manufacturing costs. Even while there are mechanisms in place to monitor and manage market risks, it is not always possible to fully predict, hedge, or lessen the impact of price volatility on the overall profitability of the business through cost pass-throughs or operational enhancements.
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.
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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.
