Stocks to Buy: Nagaraj Shetti Recommends NLC India, RVNL Shares to Buy

Why It Matters

The recommendations highlight short‑term buying opportunities in a market under pressure, offering investors a tactical edge as oil‑driven volatility and earnings season converge.

Key Takeaways

• Brent crude tops $100, pressuring Indian indices
• Nifty 50 down 0.84% to 24,169; Sensex down 1.10% to 77,651
• Infosys earnings slated for March quarter, market focus
• NLC India target ₹320, stop‑loss ₹286, one‑week horizon
• RVNL target ₹325, stop‑loss ₹295, bullish higher‑highs pattern

Pulse Analysis

The Indian equity market entered a cautious phase on April 23, driven primarily by a surge in global oil prices. Brent crude crossed the $100‑per‑barrel threshold after Iran seized two vessels in the Strait of Hormuz, stoking fears of supply disruptions. Higher energy costs have historically weighed on consumer‑sensitive sectors, and the immediate reaction was a 0.84% dip in the Nifty 50 and a 1.10% slide in the Sensex. This backdrop underscores how geopolitical shocks can quickly translate into market volatility, especially for an economy heavily reliant on imported energy.

Within this turbulent environment, technical analyst Nagaraj Shetti identified two mid‑cap stocks that could outperform the broader decline. NLC India, a coal‑to‑power player, displayed a classic higher‑bottom consolidation, with daily and weekly RSI indicators turning positive. Shetti set a target of ₹320 against a stop‑loss of ₹286, suggesting a modest upside in a one‑week horizon. Similarly, Railway Vikas Nirman Limited (RVNL) continued its sector‑driven rally, forming higher‑highs and higher‑lows on the chart. The stock’s price is testing the weekly 20‑period EMA, and a target of ₹325 with a ₹295 stop‑loss reflects confidence in further gains as rail infrastructure spending remains robust.

Looking ahead, the market’s focus will shift to earnings, particularly Infosys’s March‑quarter results, which could either reinforce the bullish bias for technology stocks or add to the downside pressure. Investors should treat the highlighted buy signals as part of a broader risk‑managed strategy, employing tight stop‑losses and monitoring oil price movements. In a landscape where macro‑headwinds and company‑specific catalysts intersect, disciplined technical entries like those in NLC India and RVNL can provide incremental returns while the broader indices navigate uncertainty.