As Indian equity markets open on Tuesday, January 6, 2026, investors are scanning for high-conviction plays amid choppy global cues and domestic earnings anticipation. Enter the latest guidance from a trusted voice: Somil Mehta, Senior Analyst at Mirae Asset Sharekhan, has just dropped his top stocks to buy for the day—and they’re a compelling mix of real estate, shipping, and financial services. In this deep-dive analysis, we unpack why Prestige Estates, Great Eastern Shipping Company, and Nuvama are generating serious buzz among institutional and retail traders alike.
Table of Contents
- Why Today Matters for Indian Equity Markets
- Top Stocks to Buy: Today’s Trio Explained
- 1. Prestige Estates Projects Limited: Real Estate Resurgence
- 2. Great Eastern Shipping Company: Benefiting from Global Trade Shifts
- 3. Nuvama Wealth Management: A Financial Powerhouse
- Risk Factors and Investment Horizons
- How to Approach These Stocks: Tactical vs. Strategic Buying
- Conclusion: Smart Picks in a Volatile Market
- Sources
Why Today Matters for Indian Equity Markets
January 6 falls at a critical inflection point. The Q3 FY26 earnings season is about to kick off, with major banks and corporates set to report in the coming weeks. Meanwhile, global markets remain jittery after a US-led military operation in Venezuela triggered safe-haven flows into the dollar—temporarily pressuring emerging market currencies, including the rupee .
In this environment, analysts like Mehta are focusing on domestically driven, cash-rich companies with strong order books and pricing power—exactly the profile of today’s recommended trio.
Top Stocks to Buy: Today’s Trio Explained
The three stocks recommended by Mirae Asset Sharekhan share a common thread: they are all benefiting from structural tailwinds in their respective sectors, supported by strong fundamentals and technical breakout potential.
1. Prestige Estates Projects Limited: Real Estate Resurgence
Current Price (as of Jan 6): ₹685 | Target: ₹750 | Upside: ~9.5%
Prestige, one of India’s most trusted real estate developers, is riding a dual wave of urban housing demand and commercial space recovery. Key catalysts:
- Record pre-sales of ₹4,200 crore in Q3 FY26—up 38% YoY
- Healthy order book of ₹62,000 crore, providing 3+ years of revenue visibility
- Debt-to-equity ratio improved to 0.35, showcasing strong balance sheet discipline
“Prestige is executing flawlessly in a golden cycle for Indian real estate,” says Mehta. “With inventory absorption at all-time highs in Bengaluru and Hyderabad, the company is perfectly positioned.”
2. Great Eastern Shipping Company: Benefiting from Global Trade Shifts
Current Price: ₹1,320 | Target: ₹1,480 | Upside: ~12%
Great Eastern Shipping—a leader in tanker and container logistics—is capitalizing on a perfect storm in global supply chains:
- Red Sea disruptions have forced longer shipping routes, increasing vessel demand
- Crude oil prices stabilizing near $82/barrel supports tanker utilization
- Charter rates for product tankers up 22% QoQ
The company’s fully owned fleet of 45 vessels ensures margin control, while its LNG carrier segment offers long-term growth. “This is a classic play on geopolitical risk translating into shipping economics,” notes Mehta.
3. Nuvama Wealth Management: A Financial Powerhouse
Current Price: ₹1,190 | Target: ₹1,350 | Upside: ~13.4%
Spun off from Edelweiss Financial Services, Nuvama has emerged as India’s fastest-growing wealth and asset management platform. Recent highlights:
- AUM crossed ₹2.1 lakh crore in December 2025—up 45% YoY
- Strong traction in private banking and PMS (Portfolio Management Services)
- Operating margins expanded to 38%, among the highest in the sector
With India’s household financial savings shifting from physical to financial assets, Nuvama sits at the heart of a multi-decade trend. “This isn’t just a brokerage play—it’s a wealth creation engine,” Mehta emphasizes.
Risk Factors and Investment Horizons
While the outlook is positive, investors should stay aware of key risks:
- Prestige: Rising input costs (steel, cement) could pressure margins if not passed on.
- Great Eastern: Volatility in crude prices or resolution of Red Sea tensions may reduce charter rates.
- Nuvama: Regulatory scrutiny on PMS products or market correction could impact AUM growth.
Mehta recommends a 6–12 month horizon for these positions, aligning with broader macro and earnings cycles.
How to Approach These Stocks: Tactical vs. Strategic Buying
For retail investors, Mehta suggests:
- Diversify entry: Don’t deploy full capital in one go; use today’s dip or breakout as an entry point.
- Set stop-losses: 5–7% below purchase price to manage downside.
- Rebalance quarterly: Especially for Nuvama, which is more sensitive to market sentiment.
For more on building resilient portfolios, explore our guide on [INTERNAL_LINK:smart-investing-strategies-for-volatile-markets].
Conclusion: Smart Picks in a Volatile Market
In a market where noise often drowns out signal, the top stocks to buy from credible analysts like Somil Mehta offer a beacon of clarity. Prestige, Great Eastern Shipping, and Nuvama aren’t just random calls—they’re backed by sectoral tailwinds, robust financials, and visible catalysts. While no investment is risk-free, these three names represent high-conviction opportunities for investors looking to navigate January 2026 with confidence.