RBI policy: Experts bet on top 8 stock ideas as MPC keeps key interest rate unchanged - Moneycontrol.com
Moneycontrol collated a list of top 8 stock ideas for buying after the RBI MPC meeting outcome. Experts bet on top 8 stock ideas post
Moneycontrol collated a list of top 8 stock ideas for buying after the RBI MPC meeting outcome. Experts bet on top 8 stock ideas post MPC meeting outcome RBI keeps repo rate unchanged at 5.25 percent with neutral stance RBI pegs FY27 inflation at 5.1%, trims GDP to 6.6% RBI eases FPI rules; rupee up 0.4% post policy Did our AI summary help? ICI02 ARI ICI02 NSE/BSE Select NSE LIVE BSE LIVE Day High Day Low Volume (NSE) More DR NSE/BSE Select NSE LIVE BSE LIVE Day High Day Low Volume (NSE) More ARI NSE/BSE Select NSE LIVE BSE LIVE Day High Day Low Volume (NSE) More × The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), led by Governor Sanjay Malhotra, on June 5 unanimously decided to keep the policy repo rate unchanged at 5.25 percent while continuing with its neutral stance. The central bank prioritised balancing growth and inflation, even as it raised its FY27 inflation estimate to 5.1 percent from 4.6 percent earlier and lowered its full-year real GDP growth projection to 6.6 percent from 6.9 percent, with downward revisions across all quarters. The RBI is awaiting greater clarity on the West Asia conflict and its impact on oil and gas supply chains, along with the broader global environment, which has deteriorated since the last policy meeting. The US-Iran conflict continues to linger despite a fragile truce. The decision was largely on expected lines, given the considerable risks to the MPC’s baseline assessment of inflation and growth arising from uncertainty over the duration and intensity of the conflict, the magnitude of its spillover effects, and the pace of supply chain normalisation. Additionally, the central bank expressed concerns over food inflation, as the food outlook remains uncertain due to the forecast of a sub-normal southwest monsoon and the possibility of El Niño conditions. "With the ambiguity surrounding the West Asia conflict and no clear outcome on the ceasefire, volatile and elevated oil prices pose risks to the inflation outlook. Apart from the oil price shock, a possible sub-par monsoon could also push inflation higher," said Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS. Hence, regarding future action on interest rates, the MPC stated that it would remain data-dependent and closely monitor developments, including the risk of supply-side pressures becoming embedded in the general price level and inflation expectations. At the same time, the central bank introduced decisive measures to attract foreign capital, including scrapping capital gains tax for eligible foreign investors in government bonds, easing foreign portfolio investor (FPI) access limits, and incentivising NRI dollar deposits while subsidising hedging costs. "These steps, combined with concessional forex swaps, are aimed at reversing outflows and stabilising foreign exchange markets," said Ajit Mishra, SVP – Research, Religare Broking.
For equity and debt markets, he believes these measures are supportive of liquidity and capital inflows. For the rupee, they signal a clear intent to anchor expectations and reduce volatility amid global oil shocks and sustained foreign selling pressure. Meanwhile, possibly in response to the RBI's measures, the Indian rupee appreciated 0.4 percent to 95.39 against the US dollar after three consecutive sessions of weakness. The benchmark Nifty 50 remained range-bound between 23,300 and 23,500, gaining 14 points to trade at 23,430, while the BSE Sensex rose 87 points to 74,447 as of 11:38 IST. Moneycontrol collated a list of top 8 stock ideas for buying after the RBI MPC meeting outcome Jigar S Patel, Senior Manager - Equity Research at Anand Rathi ICICI Bank | CMP: Rs 1,251.7 ICICI Bank is currently witnessing strong buying interest near the Rs 1,210–1,215 zone, which coincides with the monthly floor pivot support and the 78.6 percent Fibonacci retracement of its previous upmove, making it a crucial support area. Adding to the positive setup, a Bullish Engulfing pattern has emerged, indicating renewed buying interest at lower levels. Technical indicators are also showing signs of improvement, with the Stochastic Oscillator reversing higher from near-oversold territory, signalling a potential revival in momentum. The stock appears to be forming a favourable risk-reward setup for short-term traders. As long as it holds above the Rs 1,210 support level, the outlook remains constructive. Traders may consider accumulating the stock in the Rs 1,240–1,250 zone, with a stop-loss at Rs 1,210, while a move towards the Rs 1,300 mark remains the immediate upside target. Strategy: Buy Target: Rs 1,300 Stop-Loss; Rs 1,210 Valor Estate | CMP: Rs 116.78 Valor Estate is currently trading near a strong confluence support zone, where the flat Ichimoku Cloud, the 50 percent Fibonacci retracement of the previous upmove, and the prior breakout zone are converging. This cluster of technical supports suggests that the downside may remain limited. Adding to the positive outlook, a bullish divergence on the daily Stochastic Oscillator indicates that selling pressure is easing and momentum could be shifting in favour of the bulls. The overall setup offers a favourable risk-reward opportunity for traders. One may consider accumulating the stock in the Rs 114–118 zone, with a stop-loss at Rs 106. On the upside, a move towards the Rs 135 target is likely if the stock sustains above the support zone. Strategy: Buy Target: Rs 135 Stop-Loss: Rs 106 Anant Raj | CMP: Rs 589.35 Anant Raj has successfully reclaimed the neckline of an Inverse Head and Shoulders pattern, a development that strengthens the bullish outlook. On the weekly timeframe, the stock has found support near the 200-week EMA, highlighting the presence of a strong long-term demand zone. Adding to the positive setup, the stock has also broken above its 200-day DEMA on the daily chart, indicating an improvement in trend strength.
Momentum indicators further support the bullish case, with a bullish crossover above the zero line signalling renewed buying momentum. The overall technical structure remains constructive. Traders may consider accumulating the stock in the Rs 570–590 zone, with a stop-loss at Rs 540 on a closing basis. On the upside, the stock has the potential to move towards the Rs 660 target. Strategy: Buy Target: Rs 660 Stop-Loss: Rs 540 Vidnyan S Sawant, Head of Research at GEPL Capital South Indian Bank | CMP: Rs 44.61 South Indian Bank has been in a strong uptrend since July 2022, characterised by a consistent formation of higher tops and higher bottoms. The stock continues to respect its key long-term moving averages, particularly the 50-week and 100-week EMAs, highlighting the strength of the prevailing trend. On the weekly scale, the stock witnessed a bullish polarity shift in March 2026, wherein the previous resistance zone of February 2024 successfully transformed into a support level. Following this development, the stock resumed its primary upward trajectory, reaffirming its positive structural setup. Further supporting the bullish outlook, the MACD indicator has generated a bullish crossover, indicating sustained positive momentum and suggesting the continuation of the prevailing uptrend. Strategy: Buy Target: Rs 48 Stop-Loss: Rs 42.5 RBL Bank | CMP: Rs 353.75 RBL Bank has showcased robust structural development on the weekly timeframe. The stock witnessed a bullish polarity shift in February 2026, wherein the previous resistance zone of January 2024 successfully transformed into a support level. Thereafter, the stock consolidated around this polarity zone, indicating healthy price absorption. In the current week, the stock has broken out of this consolidation range, signalling a resumption of its primary upward trajectory. Furthermore, the MACD indicator remains in positive territory, highlighting sustained bullish momentum and reinforcing the positive outlook. Strategy: Buy Target: Rs 382 Stop-Loss: Rs 339 Federal Bank | CMP: Rs 300.1 Federal Bank has been on a sustained bullish trajectory since the 2020 bottom, with the stock exhibiting a steady linear uptrend across higher timeframes. It continues to trade comfortably above its key 50-week and 100-week EMAs, highlighting the strength of the prevailing trend. Further reinforcing the positive outlook, the RSC study recently witnessed a breakout above the July 2017 swing high on the ratio chart. This breakout signals strong relative strength and suggests that the stock is poised to continue outperforming the broader market Strategy: Buy Target: Rs 321 Stop-Loss: Rs 288 Bank of Maharashtra | CMP: Rs 79.9 Bank of Maharashtra has broken above its 2008 swing high on the monthly chart in February 2026, entering uncharted territory and signaling a strong long-term bullish trend. On the weekly scale, the stock has maintained a higher top–higher bottom structure since 2020 and continues to trade above its 20- and 50-week EMAs, reflecting sustained trend strength.
The MACD remains in positive territory and is trending higher, further reinforcing the stock's bullish momentum. Strategy: Buy Target: Rs 87 Stop-Loss: Rs 76 Aditya Thukral, Founder & Analyst of AT Research & Risk Managers IIFL Finance | CMP: Rs 530.3 IIFL Finance had been undergoing a correction from its peak of Rs 675, recorded in January 2026. The correction appears to have completed in a three-wave decline, and the stock has started forming higher highs and higher lows, indicating the beginning of a new uptrend. The stock had slipped below the 30-week exponential moving average (EMA) but has now started sustaining above it, while the EMA itself has begun to slope upward, which is a bullish sign. Moreover, a positive crossover between the 20-day and 50-day EMAs has been witnessed, signaling the start of a short-term uptrend. Volumes have remained significant around these levels, suggesting strong participation from buyers. Although the 14-day RSI has moved into the overbought zone, buying on dips could prove beneficial for investors. The stock can be accumulated on dips around Rs 513–517, with a stop-loss below Rs 482, as it is showing multiple signs of reversal from the previous demand zone. Strategy: Buy Target: Rs 560 and Rs 596 Stop-Loss: Rs 482 Godrej Properties | CMP: Rs 1,694.3 Godrej Properties has been in a medium-term downtrend, characterized by the formation of lower highs and lower lows. The stock is trading below all major exponential moving averages, which continue to slope downward. Every rally is being sold into, indicating a bearish market structure. Moreover, the recent declines have been impulsive in nature, suggesting that a breakdown below the previous bottom could be on the cards. The stock has completed a very short-term impulsive structure on the downside, and a bounce could emerge from current levels. Any bounce towards Rs 1,745, followed by reversals on lower time-frame charts, could be used as a selling opportunity. Furthermore, the 14-day RSI has failed to enter the overbought zone during previous recovery phases, which is characteristic of a bear market where the RSI rarely reaches overbought territory. The stock can be sold in the futures segment around the cash reference level of Rs 1,745, with a stop-loss at Rs 1,845, as it remains in a strong downtrend and the recent declines have unfolded as impulsive waves. Strategy: Sell Target: Rs 1,545 Stop-Loss: Rs 1,845 Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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