Stocks to Buy in Sensex: Hindalco, Indian Oil, NHPC on Sagar Doshi’s Radar

The Indian stock market has been riding a wave of volatility, with global cues, rising commodity prices, and central bank policies shaping investor sentiment. Amid these shifts, market experts are pointing toward selective bets that could outperform in the medium to long term. Recently, well-known market analyst Sagar Doshi highlighted Hindalco, Indian Oil, and NHPC as his top stocks to buy from the Sensex basket. 

These companies represent different sectors, metals, energy, and power, and provide diversified opportunities for investors looking to position their portfolios for growth.

Hindalco Industries: A Metal Giant with Global Strength

Hindalco Industries, part of the Aditya Birla Group, is one of the largest aluminum and copper producers in the world. Its presence spans across multiple continents, with a strong foothold in both upstream and downstream operations.

One of the key factors favoring Hindalco is the global demand for aluminum, driven by the push for lightweight materials in electric vehicles, renewable energy infrastructure, and packaging. With the rise of AI stocks and technology-driven manufacturing, demand for aluminum in chips and hardware components has also surged. Hindalco, with its advanced smelting and rolling capacities, is well-positioned to capture this demand.

In addition, the company has shown strong financial performance. Its Q1 FY25 results reflected robust EBITDA margins, improved debt reduction, and continued investment in sustainable production. With a forward-looking strategy focusing on green energy and recycling, Hindalco not only supports global ESG goals but also enhances long-term profitability.

For investors searching for stocks to buy in the metals space, Hindalco stands out as a value pick with strong fundamentals and international exposure.

Indian Oil Corporation (IOC): Energy Leader with Growth Prospects

Indian Oil Corporation, India’s largest state-owned oil refiner and fuel retailer, plays a central role in meeting the country’s energy needs. The company operates the largest network of fuel stations and holds significant refining capacity, making it a dominant player in India’s energy sector.

Despite global volatility in crude oil prices, Indian Oil has managed to maintain a balanced approach. Its diversification into petrochemicals, natural gas, and renewable energy is providing resilience against traditional fuel-based revenue swings. Moreover, government initiatives to transition toward cleaner fuels and expand energy access align with IOC’s long-term growth roadmap.

A recent highlight has been the company’s plan to expand hydrogen production and EV charging infrastructure, which positions it for the future of energy. In terms of stock performance, Indian Oil has offered steady dividends and remains an attractive option for investors looking for income along with capital appreciation.

Given India’s growing energy demand and IOC’s scale of operations, analysts believe the stock offers a favorable risk-reward ratio. For those considering stocks to buy in the energy sector, IOC is a dependable choice.

NHPC Limited: Powering the Nation with Renewable Strength

NHPC, also known as the National Hydroelectric Power Corporation, is India’s leading hydropower company. With an installed capacity of over 7,000 MW, it has been at the forefront of clean and green energy development.

As the global focus shifts toward sustainability, hydropower has gained renewed importance. NHPC has been expanding aggressively with new projects in solar and wind power, diversifying its clean energy portfolio. This aligns with India’s ambitious target of achieving 500 GW of renewable capacity by 2030.

Financially, NHPC has consistently delivered stable earnings, supported by regulated tariffs and long-term power purchase agreements. This makes it a low-risk option for conservative investors. Furthermore, the stock has gained traction among institutions as part of stock research focused on ESG themes.

With increasing government support and favorable policies for renewable energy, NHPC is seen as a strategic long-term bet. For investors seeking safe stocks to buy with growth potential in the clean energy space, NHPC remains a top recommendation.

Why These Three Stocks Stand Out

The rationale behind picking Hindalco, Indian Oil, and NHPC lies in diversification and future readiness. Hindalco gives exposure to global metals, Indian Oil secures energy sector strength, and NHPC provides a defensive yet growth-oriented play in renewables.

Together, these three companies cover key areas of the economy, infrastructure, energy security, and sustainability. With Sagar Doshi highlighting them as high-conviction picks, they become strong candidates for investors aiming to balance growth with stability.

In the backdrop of global market uncertainties, stocks to buy that are linked to essential industries often offer resilience. These three names are supported not only by current performance but also by structural shifts in demand that ensure long-term relevance.

Broader Market Outlook

The Sensex has shown resilience despite global headwinds, driven by domestic consumption, strong corporate earnings, and robust FII inflows. Sectors like energy, infrastructure, and green technology are expected to lead the next wave of growth.

Investors must also remain cautious of risks such as inflation, crude oil price fluctuations, and currency volatility. Therefore, selective stock research and expert insights, such as those from Sagar Doshi, become vital in identifying opportunities that can outperform the market.

For long-term investors, maintaining a diversified portfolio with exposure to essential sectors like metals, energy, and power ensures better protection against volatility.

Key Takeaways

• Hindalco Industries benefits from strong global aluminum demand and a sustainable growth strategy.
• Indian Oil Corporation remains a leader in energy while expanding into hydrogen and EV infrastructure.
• NHPC Limited offers stable returns and growth in renewable energy.

By adding these stocks to buy into portfolios, investors can tap into India’s economic growth while aligning with global sustainability trends.

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Disclaimer:

This content is made for learning only. It is not meant to give financial advice. Always check the facts yourself. Financial decisions need detailed research.