Stocks to buy: Vaishali Parekh suggests these five fertilizer stocks to boost portfolio

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Indian stock market: Ending the day on a flat note, the Indian stock market benchmarks, the Sensex and the Nifty 50, experienced cautious trading on Tuesday, May 21, with the majority of stocks facing losses. The Sensex closed 53 points (0.07%) lower at 73,953.31, while the Nifty 50 finished the day 27 points (0.12%) higher at 22,529.05. The mid and small-cap indices reached new record highs during the session.

Also read: Hindustan Zinc stock hits 20% upper circuit to touch new record high; up 133% in CY24 so far – here's why The BSE Midcap index achieved an all-time high of 43,223.69 before closing 0.34 per cent higher at 43,191.88. The BSE Smallcap index set a new record of 48,099.29 but could not maintain its gains, ending 0.18 per cent lower at 47,873.56. Conversely, fertilizer stocks ended on a higher note on Tuesday's trading session, with Sikko Industries Ltd, Madras Fertilizers Ltd, and Rashtriya Chemicals & Fertilizers Ltd among the top gainers.

Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd. has recommended five stocks to buy this week in the fertiliser sector to boost your portfolio.

Gujarat Narmada Vly Frtlzrs & Chmcl Ltd: Buy at ₹668 | Target Price: ₹800 | Stop Loss: ₹600 The stock has been on the rise after forming a higher bottom pattern on the daily chart and has moved above the significant 200DMA to show strength. We anticipate the stock moving further upward in the coming days. The volume has been on the rise in recent times, and with the chart looking good technically, we recommend a buy in this stock for an upside target of 800 while keeping a stop loss of 600.