Stock market recommendations: Bajaj Broking Research has identified NMDC and Jayaswal Neco Industries as the top stock picks for May 15, 2026. The brokerage has disclosed its target prices and the expected time frame to achieve them. Let us examine the details.
NMDC
Buy in the range of ₹ 91.00-93.50
- Target: ₹ 102
- Return: 10%
- Stop Loss: ₹ 87
- Time Period: 1 Month
The stock has recently generated a breakout above a bullish flag-like formation, signaling strength and a continuation of the upward move, thus offering a fresh entry opportunity. The stock remains in a strong uptrend and has recently rebounded, taking support at the previous range breakout area (86-75), signaling a positive bias. We expect the stock to head towards ₹ 102 levels, being the measuring implication of the bullish flag breakout. The daily 14-period RSI is in an uptrend and has recently generated a buy signal by moving above its nine-period average, thus validating the positive bias.
Jayaswal Neco Industries
Buy in the range of 104-107
- Target: ₹ 124
- Return: 17%
- Time Period: 12 Months
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 capital expenditure 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 ₹ 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.)
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