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The Indian stock market ended the week on a strong note, driven by continued positive momentum and broad-based buying interest across key sectors. After a steady open, the indices maintained upward bias through the session, supported by declining volatility and improved sentiment. Gains were visible across most sectors, with only a few exceptions, indicating confidence returning to the market.

The Nifty 50 surged 285.15 points, or 1.13%, to close at 25,529.90, marking a decisive bullish close. The BSE Sensex rallied 1,000.36 points, or 1.21%, ending at 83,755.87. The Bank Nifty, while largely range-bound during the day, also closed on a firmer note — up 585.55 points or 1.03%, at 57,161.90.

Looking for stocks to buy today? Top market experts share their best stock picks for 27 June

WELENT: Buy CMP and dips to ₹520 | Stop: ₹510 | Target: ₹590-615

BAJFINANCE: Buy above ₹952 and dips to ₹915 | Stop below: ₹890 | Target: ₹1,040-1,085

Also Read: This chemicals maker is betting on a gasoline boost to ease its margin pain

Also Read: Top 5 shipping stocks in India to add to your 2025 watchlistTwo stocks to trade today, as recommended by Trade Brains Portal

ONGC (Current price: ₹245)

Target price: ₹290 in 12 months

Stop loss: ₹223

Why it’s recommended: ONGC, India’s largest producer of crude oil and natural gas, holds the prestigious “Maharatna" status, highlighting its significant national importance. It plays a dominant role in the Indian energy sector, accounting for approximately 71% of the country's total crude oil and natural gas production.

The company is well-diversified and integrated across the energy value chain, with a presence in upstream (52 MMToE), refining (46 MMTPA), petrochemicals (3.8 MMTPA), value-added products (2,500 KTA), LNG (22.5 MMTPA), power generation (726 MW), and renewables (410 MW) through seven energy-related subsidiaries.

In FY25, ONGC reported operating revenue of ₹6,63,262.31 crore, marking a 1.5% year-on-year increase. However, profit after tax stood at ₹38,328.59 crore, which was 30.7% lower than the previous year due to a 100% rise in exploration costs. The company allocated ₹10,300 crore for exploration in FY25, a 25% increase over FY24, and completed five onshore and four offshore discoveries. The total capital expenditure for the year amounted to ₹62,000 crore.

ONGC’s domestic proven oil reserves were recorded at 515.17 million tonnes of oil equivalent (MMTOE) as of FY25, slightly higher than the 514.83 MMTOE reported in FY24. Its renewable energy arm, ONGC Green Ltd, acquired PTC Energy Ltd (PEL), which operates 157 wind turbines with a combined capacity of 288.80 MW across Andhra Pradesh, Madhya Pradesh, and Karnataka.

The company remains among the top dividend payers in India. In FY25, it distributed a total dividend of ₹15,410 crore, declaring a dividend of ₹12.25 per share, resulting in a dividend yield of 5%.

Risk factors: ONGC's revenue is significantly impacted by fluctuations in global crude oil and gas prices, making the company vulnerable to price volatility. Additionally, the company faces challenges related to changes in regulatory frameworks, licensing requirements, and compliance timelines, which can affect its operations and increase the risk of legal complications.

Nalco (Current price: ₹194)

Target price: ₹225 in 12 months

Stop loss: ₹179

Why it’s recommended: Established in 1981, National Aluminium Co. Ltd (Nalco) is a 'Navratna' Central Public Sector Enterprise (CPSE) under Schedule 'A'. It stands as one of India’s largest integrated producers of bauxite, alumina, aluminium, and power. The company operates its own Panchpatmali Bauxite Mines to supply the pithead alumina refinery located at Damanjodi in Koraput district, Odisha, along with an aluminium smelter and captive power plant in Angul. Nalco’s operational capacity includes 6.825 MTPA of bauxite, 2.1 MTPA of alumina refinery, 0.46 MTPA of aluminium smelting, 1,200 MW of captive power, 4 MTPA of coal production, and 198 MW of wind power.

In FY25, Nalco achieved its highest-ever revenue of ₹16,787.63 crore and a record profit after tax of ₹5,267.94 crore, reflecting a 165% increase over the previous year. The management reported a 46% improvement in Ebitda margin, driven by elevated alumina and aluminium prices, and aims to maintain a margin target of around 36-37% for FY26.

For FY26, the company plans to raise alumina production by 200,000 tonnes to 22,50,000 tonnes and has allocated a capital expenditure of ₹1,700 crore for the year. For FY27, it has earmarked ₹2,000 crore for investments in both aluminium and alumina projects. Nalco is pursuing major expansion projects, including new capacities for bauxite mines (3.5 MTPA), alumina refinery (1 MTPA), aluminium smelter (0.5 MTPA), and a captive power plant (1,080 MW).

Nalco also maintains a consistent track record of dividend payouts, offering both interim and final dividends. For FY25, it declared a total final dividend of ₹8 per share, distributed as two interim dividends of ₹4 per share each, paid in November 2024 and February 2025.

Risk factors: The company’s earnings are highly dependent on global aluminium prices, which are subject to volatility based on supply-demand dynamics, geopolitical developments, and economic cycles. Moreover, prices of key raw materials like coal, caustic soda, etc., can fluctuate, thus negatively affecting the company’s margins.

Why it’s recommended: AI-Led & digital transformation, strong financials, stable margin, structural industry tailwind.

Key metrics: P/E: 31.33, 52-week high: ₹ 3,233, volume: ₹ 153.50 crore

Technical analysis: Trending above all its key moving averages, higher-peak higher-trough price structure.

Risk factors: High dependency on BFSI segment, slow deal conversion, and stretched valuation.

Buy at: ₹ 2,802

Target price: ₹ 3190 in two to three months

Stop loss: ₹ 2,590

Why it’s recommended: Strong financial performance, operational excellence, and favorable macro and input cost.

Key metrics: P/E: 9.59, 52-week high: ₹ 772.65, volume: ₹ 560.62 crore

Technical analysis: Trending above all key moving averages, trendline breakout.

Risk factors: Commodity price volatility, geopolitical/trade risk, regulatory compliance

Buy at: ₹ 690

Target price: ₹ 800 in two to three months

Stop loss: ₹ 634

MarketSmith India is a stock research platform and advisory service focused on the Indian stock market.

Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543)

Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.

Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.

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.

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 guarantees 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.

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