Stock Market Soars: Sumeet Bagadia Recommends 5 Breakout Stocks to Buy Today, Including Kaynes Technology and Shiva Texyarn
After a few days of slow movement, the Indian stock market saw a strong surge on Thursday, with the Nifty 50 index gaining 470 points. Both the Nifty 50 and BSE Sensex hit new highs just before the market closed. The Nifty 50 reached a peak of 25,433.35, while the BSE Sensex climbed to 83,116.19.
Sumeet Bagadia, Executive Director at Choice Broking, shared his insights on the market. He noted that the recent recovery has improved the market sentiment, and the Nifty 50 is likely to continue its upward trend, targeting 25,800. He suggested focusing on specific stocks for intraday trading and highlighted five breakout stocks to consider buying today.
Stocks to Buy Today:
- Kabra Extrusion Technik: Buy at ₹450.55, target ₹475, stop loss ₹435.
- Indo Rama Synthetics: Buy at ₹58.75, target ₹62, stop loss ₹56.60.
- Shiva Texyarn: Buy at ₹213, target ₹225, stop loss ₹205.
- IOL Chemicals: Buy at ₹516.25, target ₹545, stop loss ₹499.
- Kaynes Technology India: Buy at ₹5165.85, target ₹5480, stop loss ₹4975.
Bagadia believes the Indian stock market is poised for more gains, with Nifty 50 eyeing the next target of 25,750 to 25,800.
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