10 Stocks in the Oversold Zone to Watch as GIFT Nifty Recovers 1,000 Points

The GIFT Nifty Index has shown a strong rebound, climbing more than 4.5% in a single day after the market closed following President Trump’s updates on the ongoing conflict. Trump announced a five-day pause on planned military strikes against Iran, following productive talks. This comes after a 48-hour ultimatum to reopen the Strait of Hormuz. Iran remains open to diplomacy but insists on an end to aggression, amid escalating conflict, missile deployments, and rising casualties.

The Gift Nifty Index has staged a significant recovery, climbing over 4.8% (1,000 points) from the day’s low of 22,453.5 to reach a high of 23,533.5. This is particularly important because movements in the GIFT Nifty often set the tone for the broader Indian market’s opening. Identifying oversold opportunities can help traders anticipate potential rebounds across the market. Here’s why an RSI below 30 matters.

The Relative Strength Index (RSI) is a technical indicator used in financial markets to measure the speed and change of price movements. It ranges from 0 to 100 and is typically used to assess whether a stock or asset is overbought or oversold. An RSI value above 70 indicates that the asset might be overbought, suggesting it could be overvalued and might experience a price correction. Conversely, an RSI below 30 indicates that the asset might be oversold, potentially signaling that it is undervalued and could experience a price rebound. Here is the list of stocks to look out for:

Bharat Petroleum Corporation Ltd (BPCL) Bharat Petroleum Corporation Ltd is a major Indian central public sector undertaking under the Ministry of Petroleum and Natural Gas, ranked among the Fortune Global 500. It is the second-largest oil marketing company in India, operating refineries in Mumbai, Kochi, and Bina, and boasting a vast network of over 20,000 energy stations across the nation. With a market capitalization of Rs. 1,17,789.44 crores on the day’s trade, the stock closed at Rs. 271.50, with an RSI of 18.04, indicating that it is in the oversold zone, offering the potential for an upside bounce.

DCM Shriram Fine Chemicals Ltd (DSFCL) DCM Shriram Fine Chemicals Ltd is an independent Indian company incorporated in 2021, demerged from DCM Shriram Industries Ltd to focus on high-value fine and speciality chemicals. Based in Daurala, Uttar Pradesh, it specializes in drug intermediates (especially anti-infectives), agrochemicals, and perfumery, leveraging advanced technologies like photochlorination and cyanation. With a market capitalization of Rs. 183.12 crores on the day’s trade, the stock closed at Rs. 21.05, with an RSI of 9.82, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Tata Chemicals Ltd Tata Chemicals Ltd is a science-led chemistry company in the Tata Group, specializing in basic chemistry products like soda ash and salt and specialty products including agrochemicals, specialty silica, and prebiotics. It has global operations with manufacturing in multiple countries and is among the world’s largest soda ash producers, serving industries from glass to consumer goods through innovative, sustainable chemistry solutions. With a market capitalization of Rs. 15,501.92 crores on the day’s trade, the stock closed at Rs. 608.50, with an RSI of 16.45, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Petronet LNG Ltd Petronet LNG Ltd is a leading liquefied natural gas (LNG) importer and regasification company in India. It builds and operates LNG terminals to supply natural gas to utilities, industrial customers, and city gas networks. Petronet LNG plays a vital role in India’s transition to cleaner fuel by expanding LNG infrastructure, including large capacity storage tanks at major ports. With a market capitalization of Rs. 35,700.00 crores on the day’s trade, the stock closed at Rs. 238.00, with an RSI of 28.85, indicating that it is in the oversold zone, offering the potential for an upside bounce.

UltraTech Cement Ltd UltraTech Cement Ltd is India’s largest cement manufacturer and one of the world’s biggest in terms of sales volume. Part of the Aditya Birla Group, UltraTech produces grey, white cement, and ready-mix concrete (RMC) and supports infrastructure, housing, and commercial construction projects across India and abroad. It operates dozens of plants and a vast distribution network, anchoring India’s construction materials sector. With a market capitalization of Rs. 3,05,280.25 crores on the day’s trade, the stock closed at Rs. 10,359.75, with an RSI of 29.53, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Larsen & Toubro Ltd (L&T) Larsen & Toubro Ltd is a premier Indian multinational engineering, procurement, and construction (EPC) conglomerate, founded in 1938 and headquartered in Mumbai. It operates globally in over 50 countries, specializing in high-impact sectors including infrastructure, hydrocarbon, power, process industries, and defense, supported by a 50,000+ employee base. With a market capitalization of Rs. 4,59,715.62 crores on the day’s trade, the stock closed at Rs. 3,341.90, with an RSI of 28.69, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Lodha Developers Ltd Lodha Developers Ltd (formerly Macrotech Developers) is a leading Indian real estate developer based in Mumbai. It focuses on premium residential and commercial properties, creating large township projects, high-rise apartments, and mixed-use developments in key Indian cities and select international markets. Lodha is known for large projects in Mumbai, Pune, Bengaluru, and beyond. With a market capitalization of Rs. 72,759.30 crores on the day’s trade, the stock closed at Rs. 728.40, with an RSI of 16.64, indicating that it is in the oversold zone, offering the potential for an upside bounce.

VRL Logistics Ltd VRL Logistics Ltd is a prominent Indian logistics and transportation company headquartered in Hubballi, Karnataka. Founded in the 1970s, it has grown into one of the country’s largest fleet owners of commercial vehicles. VRL provides goods transport, parcel delivery, courier, 3PL, and warehousing services across most Indian states, serving corporate, SME, and trading customers with an extensive hub-and-spoke network. With a market capitalization of Rs. 4,191.49 crores on the day’s trade, the stock closed at Rs. 239.60, with an RSI of 23.12, indicating that it is in the oversold zone, offering the potential for an upside bounce.