Vedanta Aluminium, RIL, & more: Top stocks to watch on June 19

Kotak Institutional Equities initiated its coverage of Vedanta Aluminium with the target price at Rs 600. Analysts said VAML, a pure-play aluminum producer, is well positioned with sector-leading volume growth, accelerating backward integration and a supportive industry backdrop.

Capacity additions underpin about 6% volume compounded annual growth rate (CAGR) over FY26-FY29, while integration across bauxite and coal mines is set to materially lower costs by $150/ton. Structural deficit in aluminium market and elevated prices should further support earnings growth. Strong free cash flow should drive rapid deleveraging and higher shareholder returns. CLSA has an outperform rating on Reliance Industries with the target price at Rs 1,800. Analysts said that over the next 12 months one could expect a clear ramp-up in RIL’s solar and battery manufacturing plus generation, along with its electrolyser gigafactory for the new energy ecosystem even as it builds compressed biogas capacity.

This segment could be a notable growth area in the medium term and any further details on these at its upcoming AGM will be closely watched.

Industry events in 2026 could notably improve acceptance of perovskite-based solar modules and sodium-ion batteries, two technologies Reliance is invested in. RIL’s solar gigafactory is operational while its Battery Energy Storage System (BESS) production is expected to start in 2026.

It also plans to become a large, compressed biogas player. The company’s technology investments may pay off and drive a rerating. Nomura has a neutral rating on Tata Motors PV with the target price at Rs 373. Analysts said JLR’s FY27 guidance was slightly below estimates. The company plans double-digit revenue growth over the next few years. It expects FY27 earnings before interest and taxes (EBIT) margin at 4% and FCF breakeven.

Analysts said at 3.5x FY28 Enterprise value (EV)/EBITDA, current valuation is undemanding but in a fair zone given risks.Jefferies has a buy rating on Shyam Metalics with the target price raised to Rs 1,150. Analysts said there were quite a few takeaways from the company’s investor day. The company reiterated its target of nearly tripling EBITDA to Rs 6,200 crore over FY26-FY31. It is expanding capacity across stainless steel, carbon steel, and sponge & pig iron, which should drive strong volume growth ahead.

While achieving margin guidance would depend on market spreads and product mix, analysts said they like the company’s strong growth focus and expanding product portfolio.

Expect 16% EBITDA CAGR over FY26-FY29.Citigroup has a neutral rating on Titan with the target price at Rs 5,075. Analysts attended the management meet and had a few key takeaways. For one, gold demand has seen a clear divergence between investment and consumption demand, with investment demand ramping up materially in H2FY26.

Jewellery consumption demand has seen some softness due to high gold prices and uncertainty, but the management indicated that the momentum remains strong, with the month of May not seeing any significant impact except for some deferral around 8–10 days.

They also said sourcing has become a key strategic focus after the West Asia war started in late February. Buyer growth remains the key management focus, especially at the entry price point below Rs 1 lakh, where pressure is higher. Studded jewellery growth appears to be improving as the earlier LGD-led consumer pause is easing. Margin should remain in a narrow band assuming stable gold prices and relatively lower coin growth.(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)