Top Indian stock picks for June 24th: Expert recommendations on today's best buys.
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Navigating a volatile market requires a discerning eye and a strategic approach. On June 24, 2025, India's leading market experts are offering their insights on stocks poised for growth, balancing potential rewards with inherent risks. Several factors are influencing today's recommendations, including geopolitical tensions, technical indicators, and company-specific developments.

Heightened geopolitical tensions stemming from U.S. airstrikes on Iran's nuclear sites, as reported by The Economic Times on June 23, 2025, are casting a shadow over the market's opening. Initial expectations point towards a cautious start, with analysts predicting a broader trading range of 24,600–25,600 for the Nifty. Despite this uncertainty, opportunities exist for short-term gains in select stocks.

Expert Recommendations

  • Bharat Electronics (BEL): Chandan Taparia from Motilal Oswal Financial Services recommends a buy with a target price of ₹425 and a stop loss at ₹399. Recent news highlights BEL securing new orders worth ₹5.8 billion, including communication devices and missile systems, and a MoU with Tata Electronics to develop domestic electronics and semiconductor solutions.
  • Persistent Systems: Taparia also suggests buying Persistent Systems, setting a target price of ₹6,365 and a stop loss at ₹5,975.
  • MCX: Kunal Bothra, a market expert, recommends a buy on MCX with a target price of ₹8,425 and a stop loss at ₹7,910.
  • M&M Ltd: Another recommendation from Kunal Bothra is M&M Ltd, with a buy target of ₹3,220 and a stop loss at ₹3,150.
  • Escorts: Escorts is also on Bothra's buy list, with a target price of ₹3,350 and a stop loss at ₹3,200.
  • Jio Financial: Rounding out Bothra's picks is Jio Financial, with a buy target of ₹304 and a stop loss at ₹288.

Breakout Stocks

Sumeet Bagadia, Executive Director at Choice Broking, identifies several breakout stocks for potential gains:

  • Supreme Petrochem: Buy at ₹887.45, target ₹950, stop loss ₹855.
  • Chennai Petroleum Corporation: Buy at ₹702.35, target ₹750, stop loss ₹675.
  • AGI Infra: Buy at ₹987.95, target ₹1050, stop loss ₹950.
  • ideaForge Technology: Buy at ₹631.05, target ₹670, stop loss ₹610.
  • SRM Contractors: Buy at ₹480.25

Additional Stocks in Focus

Several other stocks are drawing attention on June 24, 2025:

  • Bharat Forge: Bharat Forge is in the spotlight after being selected as the lower bidder in an Army procurement tender for its close-quarter battle carbine.
  • Zen Tech: Shares of Zen Tech surged following the company's entry into the drone segment through strategic acquisitions.

Market Sentiment and Technical Outlook

Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, notes the market's resilience in absorbing negative global cues. He suggests a "buy on dips" strategy as long as the Nifty sustains above 24,700. A breakout above 25,250 could trigger a rally towards 25,400-25,500.

Disclaimer:

It's important to remember that these recommendations are based on expert analysis and current market conditions. Investors should conduct their own research and consider their risk tolerance before making any investment decisions. Recommendations, suggestions, views, and opinions given by the experts are their own and do not represent the views of any media outlet.


Writer - Meera Joshi
Meera Joshi, an enthusiastic journalist with a profound passion for sports, is dedicated to shedding light on underreported stories and amplifying diverse voices. A recent media studies graduate, Meera is particularly drawn to cultural reporting and compelling human-interest pieces. She's committed to thorough research and crafting narratives that resonate with readers, eager to make a meaningful impact through her work. Her love for sports also fuels her drive for compelling, impactful storytelling.
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