Top Stocks to Buy Today: Expert Recommendations for June 23, 2026

As domestic equity benchmarks showed signs of recovery following lower crude oil prices and positive global signals, investors are looking for strategic entry points. Following a session where the Sensex rose 291 points to close at 77,094.07, several stocks have emerged as high-potential candidates for intraday and short-term gains.

Market Sentiment and Benchmark Performance

The Indian stock market witnessed a rebound on Monday, driven by renewed Foreign Institutional Investor (FII) inflows and strength in heavyweight stocks like Reliance Industries and HDFC Bank. The BSE Sensex gained 0.38%, while the NSE Nifty 50 rose 89.80 points to settle at 24,102.90.

Sectoral gains were led by banking, pharmaceuticals, and oil and gas. Notable performers included Tech Mahindra, which surged 1.87%, and Sun Pharma, which advanced 1.39%. Conversely, Asian Paints faced selling pressure, marking the sharpest decline of 2.15% among Sensex constituents.

Technical Breakouts: Delhivery and Lodha Developers

For investors looking at momentum plays, Delhivery and Lodha Developers present interesting technical setups.

Delhivery has shown a significant breakout from an inverted head-and-shoulders pattern on the weekly timeframe. The stock is finding support at its 200-week exponential moving average (EMA) and is forming a bullish "higher top and higher bottom" structure.

  • Buy Range: Rs 483–484
  • Target: Rs 510
  • Stop Loss: Rs 461

Lodha Developers has been consolidating for eight weeks, finding multiple supports at the 0.382 retracement level. Analysts expect an upside breakout from this narrow range as momentum indicators show a positive crossover.

  • Buy Range: Rs 926–927
  • Target: Rs 990
  • Stop Loss: Rs 883

Power and Energy Plays: REC Ltd and IEX

The energy sector also offers actionable opportunities, specifically with REC Ltd and the Indian Energy Exchange (IEX), both of which are exhibiting bullish technical signals.

REC Ltd has broken out above its 200-day exponential moving average (DEMA) and is closing above its descending trendline on the weekly chart. It currently enjoys support from its 20- and 40-week EMAs.

  • Buy Range: Rs 369–370
  • Target: Rs 395
  • Stop Loss: Rs 351

Indian Energy Exchange (IEX) is showing signs of a reversal from a key demand zone between Rs 115–120. The stock has broken out from a consolidation zone and a descending trendline, suggesting that buyers are returning to the fray.

  • Buy Range: Rs 125–126
  • Target: Rs 132
  • Stop Loss: Rs 120

Key Takeaways

  • Market Recovery: Improved sentiment driven by lower crude oil prices and FII inflows helped the Sensex and Nifty end in the green.
  • Momentum Stocks: Delhivery and Lodha Developers are positioned for potential breakouts based on pattern completions and consolidation breakouts.
  • Energy Strength: Both REC Ltd and IEX are exhibiting bullish crossovers and support from key moving averages, indicating strength in the power-related sectors.