The Indian stock market benchmarks ended with thin gains on Thursday, 25 June, largely due to profit booking amid growing concerns over a poor monsoon. According to reports from Mint, as of June 23, monsoon deficiency is at 43.2%, with experts warning that if rainfall does not improve in the coming months, it may impact the economy and market sentiment. The Nifty 50 closed at 24,056, gaining 34 points, or 0.14%, for the week rising by 0.20% and for the month up 2%. Despite negative sentiment and foreign investor selling, Indian equities are showing signs of building a base, with a breakout above 24,500 on the Nifty potentially signaling a move towards new highs. Falling crude oil prices and strong domestic flows provide support, while banking stocks and data center infrastructure are identified as key growth areas.
Mishra recommends Aurobindo Pharma as his first short-term pick, with a previous close of ₹1,555.20, target price of ₹1,680, and stop loss at ₹1,490. According to the Religare Broking analysis, the stock continues to demonstrate strong bullish momentum, maintaining a higher-high, higher-low price structure while trading above its key moving averages. On the long-term charts, the stock has formed a rounding pattern and is currently testing its all-time high, reflecting underlying strength and positive price action. Mishra anticipates the prevailing uptrend to continue, with the broader pharmaceutical sector remaining resilient and showing notable strength, further reinforcing the constructive outlook for the stock.
The second recommendation is Mahindra and Mahindra with a previous close of ₹3,182.20, target price of ₹3,420, and stop loss at ₹3,060. As reported by Mint, Mishra highlights that the stock is exhibiting encouraging technical strength in line with the improving outlook across the auto sector, which has been witnessing base formation and renewed buying interest. The stock has established a strong base near its support zone and formed a trend-reversal pattern on the charts, registering a breakout from this formation supported by noticeable increase in trading volumes. The breakout above the downward-sloping trendline and the stock's attempt to reclaim its key moving averages signal a likely reversal of the prevailing trend, potentially marking the end of the corrective phase.
The third pick is Samvardhana Motherson International with a previous close of ₹151.71, target price of ₹163, and stop loss at ₹146. According to Religare Broking analysis, the stock has maintained strong upward momentum after finding support near its 200-week EMA and subsequently breaking out of a broader triangular consolidation pattern on the long-term charts. Following the breakout, the stock underwent a healthy consolidation phase, forming an elevated base while comfortably sustaining above the breakout zone and its 20-day EMA. The stock has delivered a fresh breakout from this range, accompanied by robust volume expansion, signalling the potential beginning of a new upward leg in the ongoing trend. Mishra suggests traders may consider accumulating the stock given the constructive price structure and positive momentum.
Religare Enterprises Ltd has experienced a notable shift in its technical momentum, moving from a mildly bullish stance to a sideways trend amid mixed signals. The stock currently trades at ₹277.90, up from the previous close of ₹272.30, with an intraday range spanning ₹269.00 to ₹284.85 on 25 June 2026. Despite a 2.06% gain on the day, the stock faces mixed signals from key technical indicators, prompting a downgrade in its Mojo Grade from Hold to Sell. The stock's recent performance contrasts favourably with the Sensex benchmark, which has shown a negative return of -0.21% over the past week, while Religare Enterprises surged 12.69%. However, the technical momentum shift to sideways suggests a period of consolidation where the stock may trade within a range rather than trending strongly in either direction.
