Stocks to Watch Today, June 12: Torrent Pharmaceuticals, Kotak Mahindra Bank and Grasim Industries — Levels, Targets and Catalysts
- June 12, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Stocks to watch today June 12, 2026: Indian markets open positively (Sensex +500 pts, Nifty 50 at ~23,259). Torrent Pharma: ~Rs 4,460, near 52W high Rs 4,712.90, support Rs 4,300; Kotak Bank: ~Rs 384 (post-split), support Rs 370, target Rs 420-480; Grasim: ~Rs 3,090, 52W high Rs 3,197.50, MOFSL TP Rs 3,440, Choice TP Rs 3,500.
Indian equity markets opened strongly on Friday, June 12, 2026, with the Sensex surging over 500 points and the Nifty 50 opening at approximately 23,259, recovering from Thursday’s decline driven by US-Iran tensions and global tech headwinds. Among the stocks to watch today in this positive open, three blue-chip names across pharmaceuticals, banking, and materials stand out for distinct fundamental and technical reasons: Torrent Pharmaceuticals, Kotak Mahindra Bank, and Grasim Industries. These stocks to watch today are supported by strong Q4 FY26 earnings, sector-level recovery momentum, and analyst Buy ratings that suggest meaningful upside from current levels.
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Stocks to Watch Today: Price and Technical Overview
| Stock | NSE | CMP (est. June 12) | Prev Close | 52W High | 52W Low | Key Level | Analyst TP |
|---|---|---|---|---|---|---|---|
| Torrent Pharmaceuticals | TORNTPHARM | Rs 4,460 | ~Rs 4,420 | Rs 4,712.90 | Rs 3,132.70 | Support Rs 4,300 | Rs 4,800-5,000 |
| Kotak Mahindra Bank | KOTAKBANK | Rs 384 (open Rs 384.10) | ~Rs 381 | Rs 460.38 (post-split) | Rs 345.50 | Support Rs 370 | Rs 420-480 (post-split) |
| Grasim Industries | GRASIM | Rs 3,090 (prev close Rs 3,071) | Rs 3,071.20 | Rs 3,197.50 | Rs 2,502.50 | Support Rs 3,000 | Rs 3,440-3,500 |
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Torrent Pharmaceuticals: Pharma Recovery Play Near 52W High
Torrent Pharmaceuticals is among the top stocks to watch today as the pharma sector benefits from the market’s positive recovery opening. Torrent Pharma at approximately Rs 4,460 is within 5.7% of its 52-week high of Rs 4,712.90, with a robust earnings trajectory: Q1 FY26 PAT grew 20% year on year to Rs 548 crore and India chronic business outgrew the market at 13% versus industry growth of 9%. The company’s acquisition of a 46.4% controlling stake in JB Chemicals in June 2025 for Rs 11,920 crore adds a significant new revenue platform. With analyst targets ranging from Rs 4,800 to Rs 5,000, the stock offers 7-12% upside at current levels. Key technical support is at Rs 4,300-4,350; a sustained move above Rs 4,712 (52-week high) would be a fresh breakout signal. P/E of ~68x reflects the premium assigned to Torrent’s consistent chronic segment outperformance and JBCP integration optionality.
Kotak Mahindra Bank: Recovery Candidate at Post-Split Levels
Kotak Mahindra Bank is one of the stocks to watch today as the banking index shows strength. The stock opened at Rs 384.10 today, with a trading range of Rs 378-386 and near-term support at Rs 370. Post the recent stock split, Kotak Bank’s valuation is more accessible to retail investors and the bank’s fundamentals remain solid: average CASA deposits grew 12.7% year on year to Rs 2,11,898 crore as of March 31, 2026, and the simplification of the corporate structure (KMIL merged from April 1, 2026) improves operational clarity. Analysts have a consensus 12-month price target of Rs 420-480 (post-split), implying 10-25% upside. The stock is down approximately 15% from its 52-week high of Rs 460.38, creating a buy-on-dips opportunity for long-term investors.
Grasim Industries: Near 52W High on Paints and Diversification Story
Grasim Industries is one of the most closely watched stocks to watch today as it approaches the Rs 3,100-3,200 resistance zone near its 52-week high of Rs 3,197.50. Q4 FY26 delivered a strong 30.87% year-on-year jump in net profit to Rs 1,957.74 crore, driven by strong execution in paints, margin expansion in viscose staple fibre (VSF), and healthy chemical volumes. MOFSL maintains Buy with TP Rs 3,440 and Choice has Buy with TP Rs 3,500. The Birla Opus paints business is scaling toward its Rs 10,000 crore annual revenue run-rate by FY28E, the Lyocell expansion positions GRASIM in premium sustainable textiles, and the chemicals segment is targeting 40%+ renewable energy usage by FY27. Technical support is at Rs 3,000-3,050; a decisive breakout above Rs 3,200 could open a fresh leg toward Rs 3,400+.
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Conclusion
The three stocks to watch today on June 12 , Torrent Pharmaceuticals (~Rs 4,460), Kotak Mahindra Bank (~Rs 384), and Grasim Industries (~Rs 3,090) , each carry distinct catalysts backed by strong Q4 FY26 earnings and analyst Buy ratings. Track live prices and levels for all stocks to watch today on Univest.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why is Torrent Pharmaceuticals a stock to watch today?
Ans. Torrent Pharmaceuticals is a stock to watch today because the pharma sector is seeing selective recovery amid the broader market’s positive opening on June 12 (Sensex up over 500 points). Torrent Pharma is a key Nifty 50 pharma component with strong fundamental momentum: Q1 FY26 PAT grew 20% year on year to Rs 548 crore and revenue rose 11% to Rs 3,178 crore. The company’s India chronic business is growing at 13% versus the Indian pharma market’s 9%, demonstrating consistent outperformance. Additionally, the company’s JB Chemicals acquisition integration is a multi-quarter re-rating catalyst. The stock is near its 52-week high zone (Rs 4,712.90) and a breakout above this level could trigger fresh institutional buying.
Why is Kotak Mahindra Bank in the stocks to watch today list?
Ans. Kotak Mahindra Bank is a stock to watch today as the banking sector shows recovery on June 12. The bank recently completed the merger of its wholly owned subsidiary Kotak Mahindra Investments (KMIL) into itself from April 1, 2026, simplifying its corporate structure per RBI directions. The bank’s average CASA deposits stood at Rs 2,11,898 crore as of March 31, 2026, registering 12.7% year-on-year growth. Post the stock split, Kotak Bank is trading around Rs 384, with near-term support at Rs 370 and analyst consensus targets of Rs 420-480. The stock’s attractive valuation and strong liability franchise make it a focus for institutional investors on recovery days.
What are the key catalysts for Grasim Industries today?
Ans. Grasim Industries is a stock to watch today as it hovers near its 52-week high zone of Rs 3,197.50, with brokerages like MOFSL and Choice maintaining Buy ratings with targets of Rs 3,440 and Rs 3,500 respectively. Q4 FY26 net profit grew 30.87% year on year to Rs 1,957.74 crore, a strong quarterly performance. The key catalysts include: Birla Opus paints scaling toward the Rs 10,000 crore annual revenue run-rate target by FY28; Birla Pivot (B2B e-commerce) gaining traction; and the Lyocell fibre expansion of 110 KTPA with Phase-I commissioning targeted by mid-2027. On the technical side, the stock’s consolidation above Rs 3,000 and proximity to the 52-week high are being closely watched by traders.
Are these three stocks good for buying today?
Ans. All three stocks in today’s watch list have strong long-term fundamentals and are worth monitoring for entry opportunities. Torrent Pharmaceuticals is in an earnings upgrade cycle with a target zone of Rs 4,800-5,000 from multiple brokerages; a pullback toward Rs 4,300-4,350 support would be an attractive entry. Kotak Mahindra Bank at Rs 384 (post-split) offers a 10-25% upside to analyst targets of Rs 420-480 from a well-managed private sector bank at fair valuations. Grasim at Rs 3,090 carries a 11-13% upside to the analyst consensus of Rs 3,440-3,500 and is a diversified materials conglomerate. These are for educational purposes only and not investment advice.
