Indian equities ended the holiday-truncated week only marginally higher, with the Nifty 50 slipping 0.3% to 23,997.55 and the Sensex falling 0.8% to 76,913.5 on Thursday. According to reports from Mint, the decline was triggered by stalled US-Iran talks and President Trump's rejection of Tehran's proposal to remove the Hormuz blockade, pushing crude prices to a three-year high of $126 per barrel. Market expert Raja Venkatraman, co-founder of NeoTrader, has recommended three stocks for trading on May 4, 2026, amid ongoing geopolitical tensions and market volatility.
Syngene International Ltd is recommended as a buy above ₹470 with a stop loss at ₹439 and target of ₹520 over a two-month period. As reported by Mint, the contract research, development, and manufacturing organization has shown revival after sharp declines throughout 2026, with prices recovering in April 2026. The stock trades at a P/E ratio of 61.91 with a 52-week high of ₹728.60 and volume of 59.27 million. Technical analysis shows support at ₹430 and resistance at ₹540, with the stock demonstrating promising long body candles indicating genuine buying interest.
DCM Shriram Ltd is recommended as a buy above ₹1230 with a stop loss at ₹1180 and target of ₹1340 over a two-month period. According to Mint, the company, which contributes over 80% of India's total domestic coal production as the world's largest coal producer, has shown strong breakout above the cloud region with a rounding pattern revival. The stock trades at a P/E ratio of 9.95 with a 52-week high of ₹194 and volume of 443.54K. Technical analysis indicates support at ₹1100 and resistance at ₹1400, with rising DI suggesting potential for higher levels.
Deepak Fertilisers and Petrochemicals Corp. Ltd is recommended as a buy above ₹1270 with a stop loss at ₹1220 and target of ₹1385 over a two-month period. As reported by Mint, the leading Indian manufacturer in fertilizers and industrial chemicals sectors has shown steady rise since April 2026, with P/E ratio of 49.73 and 52-week high of ₹1778.60. The stock demonstrates strong value area resistance with positive newsflows regarding new collaboration volumes building up. Technical analysis shows support at ₹1080 and resistance at ₹1400, with steady hold of immediate support around ₹1200 suggesting positive momentum.
