Expert Stock Picks: Sagar Doshi Recommends Tata Motors, LTIMindtree, and ZEEL

Market Update: Nifty50 and Sensex See Slight Gains

The domestic benchmark indices, Nifty50 and Sensex, experienced a slight increase at the start of trading on Wednesday, following the trend set by their Asian counterparts. This growth comes despite the imposition of higher US tariffs on steel and aluminum, while investors are anticipating a potential conversation between the leaders of the US and China later this week.

As of 9:15 IST, the Nifty50 climbed 0.15% to reach 24,588.65, while the Sensex grew by 0.21% to 80,905.67.

Market Analysis and Outlook

Market analysts suggest that the sturdy foundational factors supporting the market include India’s strong and progressive economic indicators and the consistent influx of capital into mutual funds, especially the steady and increasing SIP investments. This indicates that the Indian retail investor is maturing.

One significant observation from the Q4 results is that midcap stocks have outperformed both largecap and smallcap stocks.

Sagar Doshi’s Stock Recommendations

Sagar Doshi of Nuvama Professional Clients Group recommends three stocks – Tata Motors Ltd, LTIMindtree Ltd, and Zee Entertainment Enterprises Ltd (ZEEL).

Tata Motors (BUY)

• LCP: ₹703.85; SL: ₹685; TGT: ₹770
• Tata Motors share price has seen a 5-7% corrective consolidation in the past 2 weeks of trade which was an after effect of sharp 40% rally before that.
• With supportive news flow for domestic players in the new EV policy acting as tailwind, passenger vehicle stocks are likely to see further momentum.
• Tata Motors is a cleaner set up amongst the peer on charts for another 10% rally from CMP.

LTIMindtree (BUY)

• LCP: ₹5,061; SL: ₹4,900; TGT: ₹5,525
• After trading at a 3 year low in April, LTIMindtree share price has been rising within a channel and has gained 25% since its April lows.
• A typical higher high – higher low formation underlines the bullish set up and inflows on the counter.
• The stock has widely outperformed its benchmark Nifty IT index on a YTD basis which is down over 13% while LTIMindtree is down 8% in the same period of 2025.

Zee Entertainment Enterprises (BUY)

• LCP: ₹130.59; SL: ₹125; TGT: ₹143
• Having run up nearly 50% from its recent low in March – Zee Entertainment Enterprises share price is now breaking out from a short-term consolidation for fresh upside retesting its December 2024 highs.
• A bullish flag breakout is about to commence for targets aimed 10% higher from CMP.

Conclusion and Future Outlook

Investors are advised to keep a close eye on the market trends and adjust their portfolios accordingly. With the current market scenario, these three stocks have shown potential for growth.