Top 5 Breakout Stocks to Buy Today: Expert Sumeet Bagadia’s Picks

The Indian stock market continued its upward trend for the fifth consecutive session on Thursday. The Nifty 50 index broke past the important 25,000 mark, climbing 1,000 points in just 24 sessions. The BSE Sensex closed 126 points higher at 81,867, and the Bank Nifty index rose 50 points to end at 51,603.

Market Outlook by Sumeet Bagadia:

Sumeet Bagadia, Executive Director at Choice Broking, highlighted that the Nifty 50 has reached 25,000 quickly despite high stock valuations. He believes the index could now aim for targets of 24,250 and 24,500. Bagadia advises a focus on specific stocks due to potential market corrections.

Bagadia’s Stock Recommendations:

For today’s trading, Bagadia suggests focusing on breakout stocks. He recommends the following five shares for intraday trading:

1. Zomato:
   • Buy at: ₹234
   • Target: ₹255
   • Stop Loss: ₹224
     
2. Adani Green Energy:
   • Buy at: ₹1902
   • Target: ₹2060
   • Stop Loss: ₹1810
     
3. Platinum Industries:
   • Buy at: ₹286
   • Target: ₹309
   • Stop Loss: ₹274
     
4. Surya Lakshmi Cotton Mills:
   • Buy at: ₹106.30
   • Target: ₹111
   • Stop Loss: ₹102
     
5. POCL Enterprises:
   • Buy at: ₹1460
   • Target: ₹1525
   • Stop Loss: ₹1400

Bagadia notes that these stocks have shown strong technical patterns and are poised for gains.