Top 5 Stocks to Watch Today: Adani Power, Ola Electric, IRCTC Among Key Picks for June 24

Brokerage firms and market analysts have identified five high-conviction stock picks for Wednesday’s trading session, highlighting opportunities across power, pharmaceuticals, electric vehicles, tourism, and rubber sectors as investor sentiment remains stock-specific amid volatile market conditions.

Among the top recommendations, Adani Power has emerged as a key pick in the power segment. According to Shrikant Chouhan, Executive Vice President and Head of Equity Research at Kotak Securities, the stock is expected to witness positive momentum, with a target price of Rs 242 and a stop loss placed at Rs 224. The recommendation reflects continued optimism around India’s rising power demand and capacity expansion.

In the pharmaceutical space, Sun Pharmaceutical Industries was also flagged as a strong buy by Kotak Securities. Analysts have set a target of Rs 1,920, indicating an upside of nearly 5% from current levels, while suggesting a stop loss at Rs 1,830.

For the electric vehicle segment, Ola Electric Mobility remains in focus after IDBI Capital’s technical analysts projected a target of Rs 48.55 with downside protection at Rs 41.85, signaling renewed buying interest in EV stocks.

Meanwhile, Indian Railway Catering and Tourism Corporation continues to attract attention in the tourism and hospitality sector, with analysts seeing upside potential up to Rs 600 from current levels, backed by strong travel demand.

In the specialty materials segment, GRP Limited has been recommended with aggressive targets of Rs 2,000 and Rs 2,300, reflecting strong momentum in the rubber industry.

With sectoral rotation driving short-term market action, these stocks are expected to remain on traders’ radar as investors look for tactical opportunities.