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The Nifty 50 slipped 19.80 points or 0.08% to close at 24,634.90, while the BSE Sensex fell 61.52 points or 0.08% to settle at 80,364.94. Nifty Bank, however, bucked the trend, adding 71.65 points or 0.13% to finish at 54,461.00.
On to the top stock recommendations for today by leading market experts.
Ankush Bajaj’s top 3 stock picks for 30 September
Buy: Hindustan Petroleum Corp. Ltd (Current price: ₹441.75)
Why HPCL is recommended: HPCL is displaying renewed bullish momentum as oil marketing companies benefit from stable crude prices and improving refining margins. On the daily chart, the RSI is in positive territory, confirming strong momentum. The MACD is in buy mode, reinforcing the bullish setup, while ADX indicates strengthening trend conditions. Price action shows the stock holding above its key short-term averages, suggesting further upside.
Key metrics
RSI (14-day): Positive—bullish momentum intact
MACD (12,26): Positive—supporting uptrend continuation
ADX (14): Improving—trend strength building
Technical view: Sustaining above ₹432 keeps the structure constructive, with potential to rally toward ₹460.
Risk factors: Volatility in crude oil prices can directly impact marketing margins. Government price controls and excise duties can weigh on profitability.
Buy at: ₹441.75
Stop loss: ₹432
Target price: ₹460
Buy: Bharat Petroleum Corp. Ltd (Current price: ₹338.10)
Why BPCL is recommended: BPCL has been consolidating near recent highs and is now showing breakout signs with supportive technical indicators. The RSI is firm in bullish territory, the MACD has crossed into positive alignment, and the ADX signals a strengthening trend. Alongside steady refining spreads, the technical setup favors a near-term upward move.
Key metrics
RSI (14-day): Positive—constructive momentum
MACD (12,26): Positive—bullish bias reinforced
ADX (14): Stronger—indicating trend strength
Technical view: Holding above ₹332 will keep the bullish bias intact, opening up for a move toward ₹348.
Risk factors: Exposure to crude oil volatility and forex fluctuations. Government intervention in fuel pricing can cap gains.
Buy at: ₹338.10
Stop loss: ₹332
Target price: ₹348
Buy: Indian Bank (Current Price: ₹724.60)
Why Indian Bank is recommended: Indian Bank has shown strong relative strength within PSU banks, supported by rising credit growth and improving asset quality trends. The RSI indicates bullish momentum, the MACD is in positive crossover mode, and the ADX signals a robust trend. Price action suggests the stock is moving higher within an established uptrend.
Key metrics
RSI (14-day): Positive—bullish momentum
MACD (12,26): Positive—confirming uptrend
ADX (14): Strong—trend well established
Technical view: Sustaining above ₹712 supports the bullish structure, with scope to rally toward ₹747.
Risk factors: PSU banks remain exposed to credit cycle risks. Rising bond yields or rate volatility may weigh on NIMs.
Buy at: ₹724.60
Stop loss: ₹712
Target price: ₹747
Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman
Avalon Technologies (Current price: ₹1,010.60)
Buy: ₹1,012 and dips to ₹970; Stop loss: ₹950; Target: ₹1,120-1,145
Why Avalon Technologies is recommended: Avalon Technologies is an Indian electronic manufacturing services (EMS) company specializing in high-value, precision-engineered products. After consolidating for nearly 2 months since Jun 2025 the prices are showing some steady upward traction. From the charts we can observe that the strong upside was reinforced at the start of the week is helping the prices scale higher. With a strong momentum play in force possibility of more upward traction is available
Key metrics: P/E: 115.89; 52-week high: ₹1,073.75; Volume: 246.41K
Technical analysis: Support at ₹925; resistance at ₹1,200
Risk factors: Customer concentration and supply and sector-wide fluctuations in geopolitical news could impact returns.
Buy: Above ₹1,012 and dips to ₹970
Target price: ₹1,120-1,145 in 1 month
Stop loss: ₹950
Poonawalla Fincorp (Current price: ₹501.50)
Buy above ₹502 and dips to ₹485; Stop loss: ₹475; Target: ₹540-550
Why Poonawalla Fincorp is recommended: Poonawalla Fincorp, part of the Poonawalla Group, which is an Indian business conglomerate with its most famous company, the Serum Institute of India (SII), the world’s largest vaccine manufacturer.
The charts show constant pullback into support zones of the TS & KS Bands are helping the prices stage a strong move to the upside. A steady buying interest on every dips is igniting some bullish enthusiasm. One can look at the prices to move higher as trends are demonstrating a strong upward drive. Can look to go long.
Key metrics: 52-week high: ₹513.30; Volume: 4.09M
Technical analysis: Support at ₹475; resistance at ₹625
Risk factors: Changes in regulations impacting operational viability and regulatory setbacks on the export front.
Buy: Above ₹502 and dips to ₹485
Target price: ₹540-550 in 1 month
Stop loss: ₹475
Vinati Organics (Current price: ₹1,787.10)
Buy above ₹1,790 and dips to ₹1,740; Stop loss: ₹1,710; Target: ₹1,920-1,960
Why Vinati Organics is recommended: Vinati Organics is a specialty chemical company established in 1989. It focuses on manufacturing specialty chemicals and organic intermediates, notably Isobutyl Benzene (IBB) and ATBS. This counter after the initial consolidation is seen building some strong push to the upside. As potential to generate upward momentum improves, one can consider some long.
Key metrics: P/E: 41.91; 52-week high: ₹2,134.95; volume: 4.1 M
Technical analysis: Support at ₹1,690; resistance at ₹2,100
Risk factors: Raw material volatility and foreign currency fluctuations, negative quarterly results, and reduced institutional investor participation.
Buy: Above ₹1,790 and dips to ₹1,740
Target price: ₹1,920-1,960 in 1 month
Stop loss: ₹1,710
Two stock recommendations for 30 September by MarketSmith India
Buy: Blackbuck Ltd (Current price: ₹633)
- Why Blackbuck is recommended: Scaling operations and network expansion, technology platform monetization, and value-added services
- Key metrics: P/E: 38.66; 52-week high: ₹670; Volume: ₹85.58 crore
- Technical analysis: Trend line breakout
- Risk factors: Low margins in brokerage/pricing pressure, asset risk, and partner fleet dependency
- Buy: ₹622-635
- Target price: ₹740 in 2-3 months
- Stop loss: ₹585
Buy: Aegis Vopak Terminals Ltd (Current price: ₹251)
- Why Aegis Vopak Terminals is recommended: Strong infrastructure and strategic terminal network, scalable growth backed by capital raise, and expansion plans
- Key metrics: P/E: N/A; 52-week high: ₹302; Volume: ₹41.71 crore
- Technical analysis: Reclaimed its 50-DMA on above-average volume
- Risk factors: High customer and geographic concentration
- Buy at: ₹248-252
- Target price: ₹290 in 2-3 months
- Stop loss: ₹234
Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.
Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.
MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O’Neil IndiaPvt. Ltd. Sebi Registration No.: INH000015543
Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
