Leading market research firm Nuvama has named Tata Motors, Mphasis, and Hero MotoCorp as its top stock recommendations for June 12, citing strong fundamentals and favorable technical indicators. The report comes as Indian equity markets continue to ride a wave of optimism, with Nifty projected to move within the 25,400 to 25,600 range.

Tata Motors remains a preferred choice for analysts due to its improved balance sheet, robust EV pipeline, and expanding global footprint. With steady performance in both passenger and commercial segments, the company has shown resilience and adaptability, drawing positive investor sentiment.

Mphasis, a leading IT services provider, is being closely watched for its digital transformation capabilities and strong order book. Analysts believe the stock is undervalued compared to peers and could benefit significantly from increased global demand for IT outsourcing and enterprise solutions.

Hero MotoCorp, India’s two-wheeler giant, is also on Nuvama’s radar. The company’s strong rural distribution network, innovative product launches, and recent push into the electric vehicle segment are expected to drive growth. With rising demand in both domestic and export markets, Hero MotoCorp is positioned to deliver strong quarterly results.

Nuvama’s overall market outlook remains bullish. The firm anticipates that easing global uncertainties, foreign portfolio inflows, and supportive monetary policy by the Reserve Bank of India will continue to drive the upward momentum. Investors are advised to focus on stocks with strong earnings visibility and sectoral leadership.

With the Nifty nearing key resistance levels, analysts recommend selective buying and a focus on quality names that align with India’s macro growth trajectory. Tata Motors, Mphasis, and Hero MotoCorp,