Kamal Ghorui
Top stocks to buy (AI image)
Stock market recommendations: Bajaj Broking Research has chosen NMDC, and Jayaswal Neco Industries as the top stock picks for May 15, 2026. The brokerage has shared its target prices and time period to attain it. Let’s take a look:NMDCBuy in the range of ₹ 91.00-93.50
The stock has recently generated a breakout above bullish Flag like formation signaling strength and continuation of the up move thus offers fresh entry opportunity.The stock remains in a strong up trend and has recently rebounded, taking support at the previous range breakout area (86-75) signaling positive bias in the stock.We expect the stock to head towards 102 levels being the measuring implication of the bullish flag breakout.Daily 14 periods RSI is in uptrend and has recently generated a buy signal moving above its nine periods average thus validating positive bias in the stock.Jayaswal Neco IndustriesBuy in the range of 104-107
Jayaswal Neco Industries has transitioned from a stressed asset to a structurally stronger, integrated steel and mining player. With secure mining leases till 2055, expansion in pelletisation and beneficiation capacities, cost-efficient integrated steel operations, and an ongoing debt optimization exercise, the company is well-positioned to deliver sustainable earnings growth and margin improvement.The successful refinancing of its high-cost debt will further release cash flows for capex and growth, enabling JNIL to emerge as a competitive mid-cap steel player with strong captive resource advantages. We have valued the company using the EV/EBITDA valuation method, applying a 5x multiple on FY28E earnings, arriving at a target price of Rs 124.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
