Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 3 July 2025
Despite hopes of a possible US-India trade agreement, market sentiment remained subdued. The Nifty 50 fell 0.38% to close at 25,443, while the Sensex declined by 287 points to end at 83,409. Broader market indices also slipped, with the Nifty Midcap 100 easing 0.14% and the Nifty Smallcap 100 losing 0.41%.
Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is positive but the Nifty 50 index is facing hurdle at 25,650 to 25,700 zone.
Speaking on the outlook of Indian stock market, Bagadia said, ' On breaking this hurdle on a closing basis, we can expect the 50-stock index to touch 26,200 soon. On the lower side, Nifty today has immediate support at 25,500, whereas it has crucial support at 25,250 to 25,200 range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option."
Sumeet Bagadia recommends five breakout stocks to buy today: Subros, Tatva Chintan Pharma Chem, Sharda Cropchem, Pocl Enterprises, and LT Foods.
1] Subros: Buy at ₹ 1003.1, target ₹ 1075, stop loss ₹ 965;
2] Tatva Chintan Pharma Chem: Buy at ₹ 997.4, target ₹ 1070, stop loss ₹ 960;
3] Sharda Cropchem: Buy at ₹ 844.8, target ₹ 905, stop loss ₹ 815;
4] Pocl Enterprises: Buy at ₹ 897.85, target ₹ 965, stop loss ₹ 865;
5] LT Foods: Buy at ₹ 494.75, target ₹ 530, stop loss ₹ 477.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
16 minutes ago
- Indian Express
Holtec plans to go public early next year to part-finance proposed SMR-based projects in India: CEO
Holtec International, a key player in the American nuclear industry that was cleared by the US Department of Energy (DoE) earlier this year to invest in India's atomic energy sector, plans to go public between April and June next year to raise around $5 billion, Kris P. Singh, the Indian-American promoter and CEO of the company said. Camden, New Jersey-based Holtec, one of the world's largest exporters of capital nuclear components and a frontrunner in the emerging small modular reactor (SMR) space, proposes to combine an initial public offering with some private placement to raise capital for its upcoming projects, including proposed SMR-based projects in India. 'Foreign companies are now getting ready to come and invest in India… At our end, we understand that a lot of capital is needed to do that. Of course, we will borrow capital, but our own capital has to be increased. So we have launched a programme for early next year, and around April or so, we will do an IPO. In addition to the public offering, we will also do some private placement… So, a portion of the funds (being raised) will be through the IPO, while another portion would be through private placement… We want to raise about $5 billion to begin with, and then, of course, we will raise more. And the one main reason I'm doing it is so that we can go build in India,' Singh told The Indian Express. On the private placement plan, Singh said he proposes to unbundle some parts of the company (Holtec International) and offer some of these segments to investors through the private market, including sovereign wealth funds and other investors. The idea, he said, is to altogether raise about $5 billion by mid-next year, between April and June 2026, so that Holtec International is 'well placed to begin construction of SMRs in India'. 'That is, if India puts in place the legislative provisions needed for enabling these investments. If that does not go through, I will direct that (the funding) to other places. But the idea is to get ready in the hope that the Indian government will clear the way for us to invest,' Singh said. If completed, Holtec's IPO would be the largest nuclear energy listing in years. Holtec's planned entry into the public markets comes at a time of surging interest in nuclear energy from data centers and the clean energy transitions planned by utilities across markets. The company is also learnt to be in talks with Abu Dhabi-based investment fund International Holdings Company for a potential fundraise. For India, Holtec holds special significance. Unlike Westinghouse Electric Co and GE Hitachi Nuclear Energy, the two American nuclear industry flag bearers that were seen as early frontrunners for an entry into India's civil nuclear sector, the smaller, privately-owned Holtec is now suddenly in the lead to invest in the country's nuclear sector. The company was accorded an unprecedented regulatory clearance by the US DoE less than three months ago that potentially sets it on course to leverage the commercial potential of the Indo-US civil nuclear deal. The March 26 approval from DoE effectively cleared Holtec International's application for specific authorisation with respect to the DoE's restrictive regulation that is referred to as '10CFR810'. This specific authorisation (SA IN2023-001) now conditionally permitted Holtec to transfer 'unclassified small modular reactor technology' (SMRs) to its regional subsidiary Holtec Asia, as well as Tata Consulting Engineers Ltd, and Larsen & Toubro Ltd in India. Holtec's pitch is for fostering a public-private initiative centred on the American company's flagship small modular reactor, the SMR-300, to potentially help break this stasis in the nuclear engagement between the two countries, with the possibility of using existing coal plant sites in India to deploy its proposed SMR-based projects and the possibility of joint manufacturing at some point in the future. For that to happen, the Indian government is gearing up to move two crucial amendments in the laws governing the country's atomic energy sector. The first relates to the easing of provisions in the nuclear liability law while the second amendment is aimed at enabling private companies to enter nuclear power plant operations in the country, and could also enable foreign companies to potentially take a minority equity exposure in upcoming nuclear power projects. Hitherto, atomic energy has been one of India's most closed sectors. The twin legal amendments are being seen as a reform push that could help leverage the commercial potential of the Indo-US civil nuclear deal nearly two decades after it was inked. New Delhi is also keen to package this as part of a broader trade and investment outreach with Washington DC, which could eventually culminate with a trade pact that is currently under negotiation. On the US side, the issue of getting a specific '10CFR810' authorisation (Part 810 of Title 10, Code of Federal Regulations of the US Atomic Energy Act of 1954) had been a big regulatory hurdle for New Delhi. This is because the regulation, while giving American companies such as Holtec the ability to export equipment to countries such as India under some strict safeguards, explicitly barred them from manufacturing any nuclear equipment or performing any nuclear design work in India. This provision was a non-starter from New Delhi's perspective, which wanted to participate in manufacturing the SMRs and co-produce the nuclear components for its domestic needs. With Washington DC having eased out the regulatory hurdle in the form of the 810 authorisation, the ball is now in New Delhi's court to push through the two legislations at its end. As of now, two SMR projects have reached the operational stage globally. One is an SMR named Akademik Lomonosov floating power unit in Russia that has two-modules of 35 MWe (megawatt electric) and started commercial operation in May 2020. The other is a demonstration SMR project called HTR-PM in China that was grid-connected in December 2021 and is reported to have started commercial operations in December 2023. Apart from Holtec's SMR-300, other emerging western contenders in the SMR segment include the Rolls-Royce SMR, NuScale's VOYGR SMR, Westinghouse Electric's AP300 SMR and GE-Hitachi's BWRX-300. India is hoping to pitch itself as a credible alternative to the incumbents in this niche field, riding on its strong track record of having operated small-sized reactors over an extended period of time and the ability to manufacture nuclear reactors cost-effectively and at scale. This also comes at a time when Beijing is working on an ambitious plan to seize the opportunity of global leadership in the SMR space, unlike large reactors where China has been a latecomer. Like India, Beijing is seeing SMRs as a tool of its diplomatic outreach in the Global South and that the country could shake up the SMR industry, just as it has done in the electric vehicle sector. Established in 1986, Holtec provides spent fuel storage and logistics support for over 140 nuclear plants worldwide, as well as services such as nuclear decommissioning and increasingly, new reactor development. The company is now attempting what would be a first in American history—reviving a shuttered nuclear plant. The Palisades Nuclear Plant in Michigan, closed in 2022 for economic reasons, is slated to restart by the end of 2025 and this reactivation is being funded in part by a $1.5 billion loan guarantee from the US DoE. Holtec plans to install two of its own SMR-300 small modular reactors at the site, in collaboration with Hyundai Engineering & Construction. Holtec's SMR-300 is a pressurised light-water reactor that will produce at least 300MWe of electric power on a small parcel of land. Unlike most traditional nuclear power plants that require large quantities of water, the SMR-300 can be adjusted to use an air-cooling system and the modular design means it is easy to scale up projects. The criticism is that there is still no commercial SMR project that is up and running and the viability of these units is yet to be proven. Holtec already has a footprint in India, with a Pune-based company operating in the non-nuclear energy business.
Time of India
19 minutes ago
- Time of India
ISRO transfers 10 key space technologies to Indian firms
The move should give a boost to industry participation across the upstream, midstream, and downstream space value chain while reducing dependence on imported technologies. It will also accelerate indigenisation in critical domains such as satellite navigation, launch systems, ground station infrastructure, and geospatial intelligence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Space regulator-cum-promoter, the Indian National Space Promotion and Authorisation Centre ( IN-SPACe ), on Thursday said it has facilitated the transfer of 10 technologies developed by ISRO to six Indian companies. The agreements were signed at the IN-SPACe headquarters in Ahmedabad in a tripartite arrangement involving NewSpace India Limited (NSIL), IN-SPACe, and the recipient move is aimed at enhancing industry participation across the upstream, midstream, and downstream space value chain while reducing dependence on imported technologies. IN-SPACe said the tech transfers will also accelerate indigenisation in critical domains such as satellite navigation, launch systems, ground station infrastructure, and geospatial intelligence Pawan Goenka, chairman of IN-SPACe, said, 'ISRO has a flourishing repository of R&D in space technologies, and it is time we leverage that to the optimum to strengthen India's space industrial ecosystem, and in that, industry-led innovation will play a key role.'Among the technologies transferred are laser gyroscopes and ceramic servo accelerometers developed by ISRO's Inertial Systems Unit, now licensed to Hyderabad-based Zetatek Technologies. The tech transfer makes it the first Indian firm to acquire such precision navigation the midstream segment, Hyderabad-based Avantel and Jisnu Communications received ground station solutions, which are currently sourced from foreign vendors. These include Ka/S/X tri-band feeds, antenna control systems, and multi-band Cassegrain Amnex Info Technologies received geospatial models for pest prediction and crop yield estimation, while Jalkruti Water Solutions was granted a portable bathymetry system, which is used to measure and map the depth of water bodies. Ramdev Chemicals acquired a ceramic-based flameproof coating developed at Vikram Sarabhai Space Centre (VSSC) for broader industrial companies will be offered end-to-end support for technology adoption by ISRO, IN-SPACe, and NSIL, ensuring successful adoption of the technology, the regulator said in a prepared statement.
Time of India
21 minutes ago
- Time of India
RPT-After Prada 'sandal scandal', Indian brands tap heritage pride to boost sales
HighlightsIndian footwear sellers and artisans are experiencing a surge in sales of Kolhapuri sandals, which have historical significance dating back to the 12th century, following a controversy involving Prada, which showcased similar designs without initially crediting their origins. The controversy has sparked a wave of nationalist pride, with social media campaigns and advertisements promoting Kolhapuri sandals, leading to a significant increase in sales for local artisans and businesses, some reporting sales up to five times their average. Prada has acknowledged the origins of the Kolhapuri sandals and is planning to collaborate with local manufacturers in India to produce a co-branded, limited-edition version, providing hope for the revival of this traditional craft that has been struggling in recent years. Indian footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft. Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origins. After viral photos from a fashion show drew criticism from Indian artisans who make the sandals - named after a historic city in Maharashtra state - Prada was forced to acknowledge that its new open-toe footwear was inspired by ancient Indian designs. "Prada 0: Kolhapur 1," said an Instagram post by e-commerce website Shopkop, whose founder Rahul Parasu Kamble's open letter to Prada pointing out the footwear is "soaked in tradition" was reshared 36,000 times on social media. "I saw the controversy as a way to promote Kolhapuri," said Kamble, 33, who has seen sales of sandals he sources from local artisans touch 50,000 rupees ($584) in three days, five times the average. Social media has been abuzz in recent days with criticism and sarcastic memes, with politicians, artisans and a trade body demanding due credit to Indian heritage. Prada has said it will arrange follow-up meetings with artisans. In a statement to Reuters on Tuesday, it added the Italian group intends to make the sandals in India in collaboration with local manufacturers, if it commercialises them. BREEZY ADS, BIG DISCOUNTS India's luxury market is small but growing, with the rich splurging on Lamborghini cars and pricey watches. Prada does not have a single retail store in India and its products are usually reserved for the super rich - its men's leather sandals start retailing at $844, while Kolhapuris can be priced as low as $12. But linking of the Prada name to the Kolhapuri sandals , which are made by around 7,000 artisans, is providing a business opportunity for some. Mumbai-based Ira Soles is running new Facebook and Instagram advertisements which proclaim its $32 "Tan Handcrafted Kolhapuris just walked the ramp at Prada ... Limited stock. Global spotlight. Own a piece of what the world is applauding.". E-commerce website Niira is offering up to 50% discounts on its Kolhapuri slippers it says are "rooted in tradition". Its sales of $18 sandals, that looked like the one Prada showcased in Milan, have tripled, founder Nishant Raut said. "Why can't an Indian Kolhapuri brand become as big as a Birkenstock," he said. Handmade in small factories, Kolhapuri sandals, or chappals as they are called in Hindi, are often paired with Indian attire. Similar designs are sold in big outlets of Bata India and Metro Brands, and also on Amazon and Walmart's Flipkart. In 2021, India's government said the sandals could achieve $1 billion a year in exports. Though latest estimates are not available, artisans say the business has struggled as consumers increasingly opt for more fashionable, upmarket footwear. Still, the Prada controversy is breathing new life into a craft that Lalit Gandhi, president of Maharashtra's main industry lobby group, says is "a dying art". Gandhi said he is in talks with Prada to develop a co-branded, limited-edition sandal. Kolhapur craftsmen Ashok Doiphode, 50, is pinning hopes on a Prada boost. He hand-stitches sandals for nine hours daily but can sell a pair for just 400 rupees ($5). "If big companies like Prada come, craftsman like me can get a good price."
