The market context for today's session is defined by an oversold PCR of 0.57 on May 11, a Nifty support zone at 23,550 to 23,820, and a bifurcated market where pharma, energy and selective commodity stocks are outperforming while crude-sensitive paints, aviation and chemicals remain under pressure. According to Univest, the stocks to buy today list reflects this market bifurcation, with Coal India, Torrent Pharma, MCX and MV Photovoltaic emerging as key recommendations for May 12. Hospitality, infrastructure, telecom, aerospace, auto components and technology stocks are expected to remain in focus today amid quarterly earnings, project wins and strategic business developments.
Coal India has been flagged by Univest on the basis of its proximity to the 52-week high at ₹491.25 and technical base formation above both the 50-day and 200-day moving averages. The stock carries a Buyer Demand rating of B+ and an RS Rating of 82, signalling meaningful relative outperformance against the broader market. Coal India produced a record 781 million tonnes in FY25 and commands a near-monopoly on domestic coal supply. At 9.2x PE and a forward dividend yield of approximately 4.7%, it is one of the most undervalued PSU large-caps on the NSE. The crude oil spike on May 11 is a perverse positive for Coal India as it makes coal-to-gas switching uneconomical, reinforcing thermal power plant demand for domestic coal.
Torrent Pharma delivered exceptional performance on May 11, surging to an all-time high of ₹4,516 with a 3.22% gain on a day when the Sensex fell 1,312 points. The stock is positioned above all key moving averages including the 5-day, 20-day, 50-day, 100-day and 200-day, a configuration that confirms a sustained bullish trend rather than a speculative spike. Fundamentally, Q3 FY26 PAT grew 26.3% year-on-year, India revenue rose 14% and the USFDA gave a zero-observation clearance for the Gujarat oncology plant. For stocks to buy today, Univest suggests watching for any early morning pullback toward the ₹4,300 to ₹4,380 zone as a potential re-entry point into the ATH breakout.
MCX has been maintained on the stocks to buy today watchlist as a direct beneficiary of the current high-volatility commodities environment. When Brent crude is at $104, gold is above ₹15,000 per gram and silver is at ₹2,75,000 per kilogram, MCX's transaction fee revenue surges because trading volumes and open interest across all commodity derivatives expand sharply. Every percentage point of additional price volatility in crude, gold or silver translates directly into higher MCX topline. MCX delivered strong Q4 FY26 results, and commodity trading in India is structurally growing as SEBI's regulatory framework matures and retail and institutional participation in commodity options deepens. Univest suggests watching MCX for any dip toward the 50-day moving average support as the ideal entry zone.
MV Photovoltaic emerged as a standout performer on May 11, delivering an intraday gain of 6% - one of the strongest single-session moves among all monitored stocks on a day when the broader market was falling. This kind of counter-trend strength on a bearish market day is a high-conviction technical signal that informed buying is entering the name. The renewable energy sector is getting an indirect policy tailwind from PM Modi's May 10 appeal for energy conservation, which accelerates the government's push for solar capacity addition. For stocks to buy today, Univest suggests watching MV Photovoltaic for a retest of May 11's opening price as a potential entry level, with any volume-backed continuation above May 11's high confirming fresh momentum.
Emkay Global has retained its financial year 2027 Nifty 50 target at 29,000, implying an upside potential of 24% from Tuesday's closing levels. The brokerage expects Nifty earnings growth of 14% in FY27 and remains constructive on Indian equities amid expectations of recovery once the Iran conflict eases. Emkay's portfolio positioning remains geared toward a "post-war" scenario of lower crude oil prices and improving domestic consumption, with the brokerage expecting the war to end and the Strait of Hormuz to reopen within weeks, seeing crude slipping to $80 per barrel in the coming weeks. The firm has made three changes to its model portfolio, adding Deepak Fertilisers and Petrochemicals Corporation Ltd., Lodha Developers Ltd. and Hexaware Technologies Ltd. to replace Deepak Nitrite, Aditya Birla Real Estate and HCL Technologies, respectively.
Indian Hotels received a BUY rating from UBS with a target price of ₹900, citing resilient Q4FY26 numbers despite geopolitical headwinds. The company reported consolidated revenues rising 14% YoY to ₹2,770 crore and profit after tax up 15% YoY to ₹600 crore, with core hotel revenue per available room growing 10% YoY. UPL faces a REDUCE rating from Kotak Institutional Equities with a target of ₹650, as the company reported 18% YoY revenue growth but constrained earnings growth due to a ₹350 crore voluntary provision. Oberoi Realty secured a BUY rating from HSBC with target price raised to ₹2,100, supported by strong performance in Mumbai's Goregaon core market. PVR received an OUTPERFORM rating from CLSA with target price at ₹2,135, following Q4FY26 revenue of ₹155 crore up 24% YoY and movie ticket sales rising 27% YoY.
