Top Stocks to Buy: GRSE and NBCC Recommended by Bajaj Broking

Stock market recommendations: Bajaj Broking Research has chosen Garden Reach Shipbuilders & Engineers (GRSE), NBCC as the top stocks to buy on May 22, 2026:

Garden Reach Shipbuilders & Engineers (GRSE) Buy in the range of ₹ 2640-2700

Target Return Stoploss Time Period

₹ 2918 9% 2520 6 Months

The stock is currently exhibiting base-building price action around the key demand zone of ₹2500–₹2600, which marks a confluence of multiple technical factors supporting a potential reversal:

61.8% retracement of the previous rally of April 2026 (1964-3339) 200 days EMA placed around 2560

The previous major trendline breakout area joining the highs of June 2025 (3538) and February 2026 (2844) is placed around 2550 levels which is likely to reverse its role and act as support in the medium term as per change of polarity concept.

The last two weeks' corrective phase is interpreted as a higher base formation, setting the stage for the next impulsive leg on the upside. We expect the stock to head towards ₹2918 levels in the coming quarters being the 61.8% retracement of the recent breather (3339-2550).

NBCC Buy in the range of 91.00-93.50

Target Return Stop Loss Time Period

₹ 101 9% 88.5 1 Month

The share price of NBCC is seen consolidating around the 50 days EMA and the previous bullish gap area of 15th April 2026 thus provides fresh entry opportunity with a favourable risk-reward set up. We expect the stock to hold above the support area and gradually head towards 101 levels being the confluence of the recent high and key retracement of the previous decline. The daily stochastic has generated a buy signal moving above its three periods average thus validates positive bias in the stock.

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