Mirae Asset Sharekhan has flagged four stocks as top buys for today, June 23, 2026. Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan, recommends buying Delhivery, Lodha Developers, REC Ltd, and Indian Energy Exchange in specific price ranges, each with defined stop losses and target prices. The recommendations come as domestic equity benchmarks recovered on Monday, with the BSE Sensex advancing 291 points and the NSE Nifty 50 rising 89.80 points.
Stock Recommendations and Technical Outlook
| Stock | Buy Range (₹) | Stop Loss (₹) | Target (₹) | Key Resistance (₹) | Key Support (₹) |
|---|---|---|---|---|---|
| Delhivery | 483–484 | 461 | 510 | 490 | 465 |
| Lodha Developers | 926–927 | 883 | 990 | 970 | 900 |
| REC Ltd | 369–370 | 351 | 395 | 375 | 358 |
| Indian Energy Exchange | 125–126 | 120 | 132 | 130 | 122 |
Delhivery: According to Mehta, on the weekly time frame, the stock has broken out of an inverted head-and-shoulders pattern and retraced 50% of the overall fall from its all-time high. It is also showing support from the 200-week exponential moving average. On the daily chart, it is forming higher tops and higher bottoms above short-term averages. Momentum indicators are above the zero line, indicating strength.
Lodha Developers: The stock has been consolidating in a range for the past eight weeks, showing multiple supports from the 0.382 retracement of the recent rise. On the daily chart, a breakout on the upside of this narrow range is expected, with the stock currently trading above short-term averages. Momentum indicators are giving a positive crossover, showing strength.
REC Ltd: On the weekly chart, the stock is closing above the descending trendline while taking support from the 20- and 40-week exponential moving averages. On the daily chart, it has broken out above the 200-DEMA and is forming a higher top and higher bottom structure. Momentum indicators are showing a positive crossover, indicating bullish strength.
Indian Energy Exchange (IEX): The stock is showing a reversal from the important demand zone around 115–120 on the weekly time frame. On the daily chart, there is a breakout from a small consolidation zone as well as a descending trendline, trading above short-term averages — indicating that bulls are back. Momentum indicators are positive, showing strength.
Market Round-Up: Monday's Session
Domestic equity benchmarks recovered on Monday, with the Sensex advancing 291 points as lower crude oil prices and encouraging global signals lifted investor sentiment amid expectations of progress in the ongoing US-Iran discussions.
BSE Sensex ended the session at 77,094.07, up 291.17 points or 0.38%, supported by gains in select banking, pharmaceutical and oil and gas counters. During intraday trade, the index had climbed as much as 522.66 points, or 0.68%, to touch 77,325.56.
The NSE Nifty 50 also finished higher, rising 89.80 points or 0.37% to settle at 24,102.90.
According to analysts, renewed foreign institutional inflows along with buying interest in heavyweight stocks such as Reliance Industries and HDFC Bank contributed to the market's rebound.
Top Gainers and Losers Among Sensex Constituents
Top Performers:
- Tech Mahindra emerged as the top performer, gaining 1.87%.
- Sun Pharma advanced 1.39%.
- Reliance Industries added 1.31%.
- Infosys rose 1.29%.
- Bharat Electronics gained 1.01%.
- Bajaj Finserv ended 0.89% higher.
On the losing side:
- Asian Paints registered the sharpest decline, falling 2.15%.
- Titan dropped 1.11%.
- Power Grid and Trent lost up to 1%.
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.
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