Top Stocks to Buy Today: HUL & Tata Power Lead Bajaj Broking’s January 9, 2026 Picks – Should You Invest?

Top stocks to buy: Stock recommendations for today - check list

Introduction

January 9, 2026, could be a pivotal day for Indian equity investors—and not just because it’s a Friday. Leading brokerage firm Bajaj Broking Research has dropped its latest market update, naming Hindustan Unilever (HUL) and Tata Power as its top stocks to buy today . With the Nifty hovering near record highs and global cues mixed, these picks come at a time when investors are weighing defensive stability against high-growth potential.

But should you follow the herd? In this in-depth analysis, we’ll unpack why these two giants made the cut, what the broader market signals are telling us, and—most importantly—whether these recommendations fit your risk profile and investment horizon. After all, blindly buying “hot tips” is a recipe for regret. Smart investing demands context.

Table of Contents

Why Hindustan Unilever Is a Top Pick

In volatile markets, investors often flock to “safe havens”—and few are safer than Hindustan Unilever. As India’s largest fast-moving consumer goods (FMCG) company, HUL boasts an unmatched distribution network, iconic brands (like Dove, Lifebuoy, and Surf Excel), and consistent cash flows—even during economic downturns.

Bajaj Broking likely sees renewed upside in HUL due to:

  • Pricing Power: Ability to pass on input cost inflation to consumers without losing volume.
  • Rural Recovery: Early signs of improved rural demand after two years of sluggishness.
  • Margin Expansion: Cost optimization and premiumization driving EBITDA margins higher.

Analysts often view HUL as a “buy on dips” stock—a core holding for any long-term portfolio seeking stability and dividend income.

Tata Power: The Renewable Energy Play

If HUL represents defensive strength, Tata Power embodies aggressive growth. The company has transformed from a legacy thermal power generator into India’s leading integrated renewable energy player.

Key catalysts driving the bullish call:

  1. EV Charging Leadership: Tata Power operates India’s largest EV charging network—over 25,000+ points nationwide—and is expanding rapidly as EV adoption accelerates .
  2. Solar & Green Hydrogen Push: Aggressive capacity additions in solar generation and green hydrogen projects aligned with India’s net-zero 2070 goal.
  3. Government Tailwinds: Strong policy support under PM Modi’s ‘Energy Independence’ vision and PLI schemes for clean tech.

While more volatile than HUL, Tata Power offers high growth potential for investors with a 3–5 year horizon.

Bajaj Broking’s Nifty and Bank Nifty Outlook

Beyond individual stocks, Bajaj Broking also shared its view on broader indices:

  • Nifty 50: Expected to trade in a tight range (24,800–25,200) amid mixed global cues. Support levels remain strong due to domestic institutional buying.
  • Bank Nifty: Showing resilience despite rising bond yields. Private banks like HDFC Bank and ICICI Bank are seen as key drivers, while PSU banks face asset quality concerns.

This suggests a cautious but optimistic stance—favoring quality over speculation.

Market Context: Global and Domestic Cues

Any top stocks to buy today decision must consider the macro backdrop:

  • Fed Policy Watch: U.S. interest rates are expected to hold steady through Q1 2026, reducing pressure on emerging market outflows.
  • Crude Oil Prices: Stable around $75/barrel—good for India’s current account deficit.
  • Earnings Season: Q3 FY26 results kick off later this month; FMCG and power sectors are expected to report robust numbers.

Domestically, strong GST collections and healthy monsoon carryovers bode well for consumption-led growth.

Should You Buy These Stocks Today?

Not every recommendation fits every investor. Ask yourself:

  • Are you building a long-term portfolio (5+ years)? → Both HUL and Tata Power qualify.
  • Do you already have heavy FMCG or power exposure? → Avoid over-concentration.
  • Is your risk tolerance moderate to high? → Tata Power may suit you; HUL suits all profiles.

Never invest based on a single tip. Always cross-verify with your financial advisor and align with your asset allocation plan. For beginners, consider starting with SIPs in ETFs tracking the Nifty instead of direct stock bets [INTERNAL_LINK:how-to-start-investing-in-stocks].

Risk Factors to Consider

Even top picks carry risks:

  • HUL: Valuations are rich (trading at ~65x P/E); any rural demand disappointment could trigger a correction.
  • Tata Power: High capex requirements could strain cash flows; regulatory delays in green projects are possible.
  • Market Volatility: Geopolitical flare-ups (e.g., Middle East tensions) can trigger sharp sell-offs.

Diversification remains your best shield.

Conclusion: Strategy Over Speculation

The top stocks to buy today list from Bajaj Broking offers a balanced mix of safety (HUL) and growth (Tata Power)—a smart combo for the current market phase. However, successful investing isn’t about chasing daily recommendations; it’s about building a resilient, goal-based portfolio. Use these insights as inputs, not gospel. And remember: time in the market beats timing the market, every single time.

Sources

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