Stock Picks for Today: Expert Recommends SeQuent Scientific, Rolex Rings, Shree Renuka Sugars & More
Despite global market trends, the Indian stock market ended its six-day winning streak on Friday. The Nifty 50 index closed 37 points lower at 26,178, while the BSE Sensex fell by 264 points to 85,571. The Nifty Bank index also dropped 541 points, finishing at 53,834. However, cash market volumes on the NSE increased by 36.2%, partly due to Nifty rebalancing.
Stock expert Sumeet Bagadia’s recommendations for today:
Sumeet Bagadia, Executive Director at Choice Broking, says the Indian stock market still has a bullish outlook. He believes the Nifty 50 index is on track to reach 26,900, despite Friday’s dip. He suggests using a “buy-on-dips” strategy as long as the Nifty 50 remains above the 26,000 mark, with crucial support at 25,800.
Bagadia shared five breakout stocks to buy today:
- SeQuent Scientific: Buy at ₹217, target ₹230, stop loss ₹210.
- Rolex Rings: Buy at ₹2650, target ₹2800, stop loss ₹2560.
- DentalKart (Vasa Denticity): Buy at ₹636.50, target ₹675, stop loss ₹615.
- Shree Renuka Sugars: Buy at ₹53, target ₹56.50, stop loss ₹51.50.
- LMW: Buy at ₹17,916.85, target ₹19,200, stop loss ₹17,300.
Bagadia recommends focusing on these stocks while maintaining a cautious “buy-on-dips” approach.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
