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If you're looking for the top stocks to watch today, tracking the latest market developments and technically strong stocks can help you identify potential trading opportunities. In the latest episode of Trader's Breakfast, Swastika Investmart's daily live market show streamed on YouTube every weekday at 8:30 AM, Santosh Meena, Head of Research at Swastika Investmart, shared his market outlook and highlighted the key stocks that investors and traders should watch during today's session. Based on his latest market analysis, here are the top stocks to watch today.
Manappuram Finance
Manappuram Finance is one of Santosh Meena's top technical picks for today's session. He highlighted that a recovery in gold and silver prices could support the stock, while expectations of strong quarterly results also remain positive. From a technical perspective, the stock has given a breakout after a healthy pullback and consolidation, with an immediate target of around ₹350 and a possibility of extending towards ₹375. He also identified the ₹320 level as an important support zone.
United Spirits
United Spirits is another stock that features among today's top technical picks. According to Santosh Meena, the company has reported strong quarterly business updates, while the stock has formed a double-bottom pattern after a pullback and is witnessing a positive bounce from an important support area. He also mentioned that market participants are watching reports regarding a possible dividend announcement linked to the company's RCB stake sale. The immediate target shared during the session is around ₹1,440, with positional upside extending towards ₹1,560.
Solar Industries
Solar Industries completes today's list of top technical picks. Santosh Meena highlighted that the stock has witnessed a breakout from a bullish technical pattern and continues to trade near its all-time highs. He believes the stock continues to display strong momentum and remains one of the preferred counters within the defence space. He also noted that the company's fundamentals remain strong, making it a stock worth tracking.
Watch Today's Trader's Breakfast
Watch the complete episode of Trader's Breakfast, where Santosh Meena, Head of Research at Swastika Investmart, explains today's market outlook, important global and domestic triggers, and the top stocks to watch today in greater detail.
Paytm
Paytm will remain in focus after reporting strong quarterly results. Santosh Meena noted that while the company's decision to defer its bonus plan may create some short-term reaction, the earnings themselves were encouraging. He also mentioned that the stock has been consolidating over the last few sessions and expects the positive momentum to continue, supported by discussions around potential FDI-related developments.
UltraTech Cement
UltraTech Cement is another stock to watch following its strong quarterly results. Santosh Meena highlighted that the management commentary after the earnings announcement was also positive, leading to several brokerages upgrading the stock. Based on these developments, he expects the stock to continue trading with positive momentum.
Sona BLW Precision Forgings
Sona BLW has come under the spotlight after UBS initiated coverage with a target price of ₹1,000. Santosh Meena pointed out that the auto ancillary segment has been showing improving momentum, making Sona BLW a stock that investors should keep on their radar.
Akme Solar
Akme Solar is also among the top stocks to watch after the company announced the commissioning of a 160 MW battery energy storage system. The development places the stock in focus as investors monitor corporate announcements and sector-specific developments.
Conclusion
Today's top stocks to watch include a mix of technically strong opportunities and companies driven by earnings and corporate developments. Manappuram Finance, United Spirits, and Solar Industries were Santosh Meena's key technical picks, while Paytm, UltraTech Cement, Sona BLW, and Akme Solar remain in focus due to recent business updates and market-moving developments.
To stay updated with daily market analysis and expert stock ideas, watch Trader's Breakfast, Swastika Investmart's live YouTube show every weekday at 8:30 AM. Stay connected with Swastika Investmart for research-backed market insights, trading ideas, and timely updates to help you navigate the markets with confidence.
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