Analyst flags four Indian equities as top buys for August 18, 2026
Somil Mehta of Mirae Asset ShareKhan recommends buying Mphasis, Supreme Industries, United Spirits and Kfin Technologies, outlining entry points, stop-loss levels and price targets.
Mirae Asset ShareKhan's retail research chief, Somil Mehta, issued a set of buy recommendations for August 18, 2026, covering four Indian companies. Mphasis is slated for purchase at its current market price, with a protective stop at Rs 2415 and a price objective between Rs 2610 and Rs 2650 after breaking a multi-month consolidation. Supreme Industries has broken an inverse head-and-shoulders pattern, prompting a buy recommendation with a stop at Rs 3470 and a target of Rs 3750-3825.
United Spirits is suggested for entry above Rs 1548, supported by a stop at Rs 1500 and a target range of Rs 1620-1650 following a breakout from a medium-term resistance line. Finally, Kfin Technologies is recommended at the current price, with a stop-loss of Rs 938 and a short-term target of Rs 1020-1060 after closing above its 200-day SMA. The analyst emphasizes that each bullish outlook remains valid only while the stocks stay above their respective stop-loss thresholds.
Why it matters
Investors get clear entry, risk-management and upside targets for four Indian stocks from a leading market analyst.
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