In this paper, the steady magnetohydrodynamic (MHD) stagnation point flow of an incompressible viscous electrically conducting fluid over a stretching sheet has been investigated. Velocity and thermal slip conditions have been incorporated in the study. The effects of induced magnetic field and thermal radiation have also been duly taken into account. The nonlinear partial differential equations arising out of the mathematical analysis of the problem are transformed into a system of nonlinear ordinary differential equations by using similarity transformation and boundary layer approximation. These equations are solved by developing an appropriate numerical method. Considering an illustrative example, numerical results are obtained for velocity, temperature, skin friction, and Nusselt number by considering a chosen set of values of various parameters involved in the study. The results are presented graphically/in tabular form.