Stocks to trade: Raja Venkatraman recommends three stocks for 20 April
Subscribe to enjoy similar stories.The Nifty 50 and Sensex rose over 1% last week, extending gains a week before—their strongest in over five years—but the pace has now moderated. On Friday, both indices closed about 0.65% higher, with the Nifty at 24,353.55 and the Sensex at 78,493.56. With signs of stability emerging, we should look at stock-specific action.IRCON(Cmp ₹154.69)Why it’s recommended: Triveni Turbine (TRITURBINE) is a leading India-based manufacturer of industrial steam turbines up to 100 MW, specialising in design, manufacture, and custom-engineered back-pressure and condensing steam turbines.
Post the constant decline seen since Jan 2026 the rounding bottom recovery assisted by strong buying that has emerged at lower levels. With a strong move above the Cloud region area around 510 one can look for more demand to emerge. A surge in Relative Strength Index indicates that we can look to initiate a long opportunity here for a push to higher levels.
Go long now. On 17 April, the NSE closed on a strong note, with the Nifty 50 settling at 24,353.55, up 156.80 points (0.65%), while the Sensex gained over 300 points. The rally was driven by strength in FMCG and select metal stocks, supported by easing geopolitical tensions and positive global cues.
Hindustan Unilever surged 4.52% and Nestle India rose 2.13%, leading the FMCG pack, while JSW Steel added 1.99% in metals.Trading activity was vibrant, with Ola Electric, Suzlon Energy, JP Power, Vodafone Idea, and Wipro among the most active counters. Advances significantly outpaced declines, with 576 stocks rising against 172 falling, reflecting broad-based participation. IT and financial stocks faced mild pressure, slightly capping gains.
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