Market expert Raja Venkatraman from NeoTrader has identified three stocks for trading on April 15, 2026, as reported by Mint. According to Venkatraman's analysis, the bulls are active and capitalizing on every dip to trigger recovery, though the market continues facing challenges in sustaining gains at higher levels. Recent gap openings have dampened investor enthusiasm, though isolated pockets of bullishness continue to emerge. However, the broader market context has been significantly impacted by AI-driven disruption in the IT sector, with Indian IT stocks losing $22.5 billion in market value in a week, marking the worst weekly performance in over four months.
INDIANB is recommended as a buy above ₹970 with a stop loss at ₹910 and target price of ₹1070 for a multiday period. As reported by Mint, the stock has formed a rounding bottom pattern after a period of decline and generated strong upward momentum since early April. The stock currently trades at ₹966.50 with key metrics including P/E ratio of 10.84, 52-week high of ₹1000, and trading volume of 1.53 million. Technical analysis shows support at ₹888 and resistance at ₹1025.
EPL Limited (formerly Essel Propack) is recommended as a buy above ₹240 with stop loss at ₹220 and target price of ₹270 for a multiday period. According to Mint, the company is the world's leading specialty packaging company specializing in laminated plastic tubes for FMCG and pharmaceutical industries. The stock currently trades at ₹236.76 with P/E ratio of 23.96, 52-week high of ₹254.20, and trading volume of 1.53 million. Technical analysis indicates a Kumo cross suggesting potential upside as the broader market rebounds.
VEDL is recommended as a buy above ₹753 with stop loss at ₹720 and target price of ₹825 for a multiday period. As reported by Mint, recent readings from ADX and Directional Index support upward trajectory, while a fresh rally following profit-booking signals strong recovery for the metal sector. The stock currently trades at ₹752.55 with P/E ratio of 31.40, 52-week high of ₹769.80, and trading volume of 12.59 million. Technical analysis shows support at ₹710 and resistance at ₹850.
The AI-driven automation push from companies like Anthropic and Palantir has triggered significant concerns across the IT sector, with Indian IT stocks losing $22.5 billion in market value in a week. The Nifty IT index was the worst-performing sector, down about 7% for the week - its steepest weekly drop in more than four months. According to Reuters, analysts warn that fast-advancing AI tools could upend India's $283-billion IT sector, which is heavily reliant on a labour-intensive delivery model. Application services, accounting for 40-70% of revenues, face particular pressure as AI tools automate tasks across legal, sales, marketing and data analysis functions. However, some analysts describe the selloff as a knee-jerk reaction, with JPMorgan calling it illogical to extrapolate tool launches to expectations of complete software replacement.
