MarketSmith India, a market research platform, has released its stock recommendations for February 10, 2026, providing insights to guide investment decisions. Investors are keenly observing these recommendations to navigate the current market dynamics.
Market Overview
On February 9, 2026, the Sensex and Nifty 50 indices each rose by 0.7%, fueled by positive signals from the India-US trade deal and strong performances in US and Asian markets. The rally was primarily driven by key sectors such as PSU banks and metals, indicating a bullish trend for Nifty 50 above 25,888. The metal sector, in particular, experienced a surge following the government's announcement of a three-year import tariff on select steel products, designed to curb cheap shipments from China and protect domestic producers. JSW Steel and Tata Steel were among the top performers, contributing to a 1.43% rise in the Nifty Metal index.
Stock Recommendations and Expert Opinions
Several market experts have shared their top stock picks for February 10, 2026. Raja Venkatraman has recommended three stocks, offering exclusive picks and analysis to inform investment strategies. Vinay Rajani of HDFC Securities has also suggested two stocks for near-term gains, while Jigar Patel of Anand Rathi has identified three promising stocks for short-term trading, highlighting entry points, stop losses, and price targets.
Stocks in Focus
MarketSmith India has identified specific stocks for investors, including Hindalco Industries Ltd and Fertilizers and Chemicals Travancore Ltd (FACT). Hindalco, priced at ₹886, is recommended due to its strong position in the aluminium and copper value chain, global leadership through Novelis, and its potential to benefit from infrastructure, EV, and renewable energy demand. Key metrics include a P/E of 11.47 and a 52-week high of ₹890, with a recommended buy range of ₹880–892, a target price of ₹980, and a stop loss at ₹840.
FACT, trading at ₹912, is noted for its strategic Public Sector Undertaking (PSU) presence in fertilisers and chemicals, demand support from agriculture and subsidies, and turnaround efforts. The company's asset base offers potential upside, with key metrics including a P/E of 758.81 and a 52-week high of ₹1,112. The suggested buy range is ₹908–920, with a target price of ₹1,030 and a stop loss at ₹868.
Additional Stocks to Watch
Other stocks that have been highlighted include Colgate-Palmolive (India) Ltd and United Spirits. MarketSmith India suggested buying Colgate-Palmolive at ₹2,508 with a target price of ₹2,890 in three months and a stop loss at ₹2,310. United Spirits was recommended for purchase at ₹1,451, with a target price of ₹1,650 in three months and a stop loss at ₹1,370.
Tools and Resources
MarketSmith India offers various tools and resources to aid investors, including the CAN SLIM approach for identifying growth stocks, analysis of over 5000 Indian stocks, insights on current market trends, and model portfolios with stock picks from SEBI-registered analysts. These resources are designed to help investors stay informed and make well-timed decisions.