According to Bajaj Broking Research recommendations for June 19, 2026, Bharat Electronics and Central Mine Planning & Design Institute (CMPDI) have been identified as top stocks to buy. Bharat Electronics is recommended as a buy in the range of ₹422-430 with a target of ₹473 (11% return) and stop loss at ₹399 over a 3-month period. The stock has generated a breakout above the falling channel containing the last 2 months decline and closed above the 20- and 50-day EMA, offering a fresh entry opportunity. CMPDI is recommended as a buy in the range of ₹244.00-250.00 with a target of ₹275 (11% return) and stop loss at ₹229 over 1 month. The stock has generated a breakout above the last 5 weeks triangular consolidation pattern and is currently testing the breakout area.
According to The Times of India, Indian benchmark indices extended their winning streak to a fifth consecutive session on Thursday, with the BSE Sensex rising 254.36 points (0.33%) to close at 77,409.98 and the NSE Nifty gaining 82.30 points (0.34%) to settle at 24,168. During the session, the Sensex moved within a wide range of 539.33 points, touching an intraday high of 77,492.33 and a low of 76,953. Among Sensex constituents, InterGlobe Aviation, Trent, Bharat Electronics, NTPC, State Bank of India and HDFC Bank emerged as leading gainers, while Infosys, Tech Mahindra, Maruti and Tata Consultancy Services ended among the top losers.
As reported by The Times of India, the technical outlook for Bharat Electronics shows the stock has been trading in a rising channel for the last 1 month that reflects strong buying interest at the lower band of the channel. The weekly 14-period RSI has flashed a buy signal after crossing above its 9-period average, indicating improving momentum. On the downside, the 400 zone is expected to act as a strong support area as it coincides with both the lower band of the rising channel and the 52-week EMA. For CMPDI, the stock had taken five weeks to retrace just 38.2% of the previous six weeks rally, with a shallow retracement signaling strength and the current consolidation forming a higher base for the next leg of up move. The key observation is that the stock is expected to head towards 275 levels in the coming month being the 138.2% external retracement of the entire previous consolidation.
According to The Times of India, investor confidence was aided by positive geopolitical developments after US President Donald Trump and Iran signed a Memorandum of Understanding at a dinner hosted at the Palace of Versailles in France on Wednesday, aimed at bringing an end to the conflict that has lasted for more than three months. Additionally, global benchmark Brent crude continued to ease, falling 2.23% to $77.78 a barrel, providing further support to market sentiment. The continued decline in crude oil prices has been a key factor supporting the extended winning streak for Indian markets.
