Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 27 December 2024
Live MintBreakout stocks to buy or sell: The Indian stock market indices ended flat after Thursday's trading session, as gains in shares of Adani Port, Bharti Airtel, and Mahindra and Mahindra were offset by losses in heavyweights like Reliance Industries, HDFC Bank, and Titan. Sumeet Bagadia's breakout stock recommendations Sumeet Bagadia, Executive Director at Choice Broking, believes the overall Indian stock market mood is cautious as the Nifty 50 index faces a hurdle at the 23,800 to 23,850 range. Speaking on the outlook for the Indian stock market today, Sumeet Bagadia said, "Overall, the Indian stock market trend is cautious, as the Nifty 50 index finds resistance at the 23,800 to 23,850 range. Regarding breakout stocks to buy today, Sumeet Bagadia recommended buying these five shares: Innova Captab, Pearl Global Industries, Garware Technical Fibres, Zaggle Prepaid, and Sheela Foam. Stocks to buy today 1] Innova Captab: Buy at ₹1068, target ₹1150, stop loss ₹1030; 2] Pearl Global Industries or PGIL: Buy at ₹1420, target ₹1515, stop loss ₹1370; 3] Garware Technical Fibres: Buy at ₹4470, target ₹4777, stop loss ₹4300; 4] Zaggle Prepaid: Buy at ₹570, target ₹610, stop loss ₹550; and 5] Sheela Foam: Buy at ₹988, target ₹1050, stop loss ₹950.