Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 23 April 2025
Breakout stocks buy or sell: Indian stock market benchmarks, the Sensex and Nifty 50, extended their winning streak for a sixth straight session on Tuesday, April 22.
However, gains were limited due to weak global cues. The Sensex closed at 79,595.59, rising by 187 points or 0.24%, while the Nifty 50 ended at 24,167.25, up 42 points or 0.17%.
Meanwhile, the BSE Midcap and Smallcap indices outperformed the benchmarks, advancing by 0.81% and 0.82%, respectively.
Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market bias is bullish despite the Nifty 50 index halting at 24,200 after raising for nearly two weeks.
Speaking on the outlook of Indian stock market, Bagadia said, 'The 50- stock index has made crucial support at 23,800 and it is facing resistance at 24,250 to 24,300. On breaking above this hurdle, the key benchmark index may soon touch 24,800. Amid Q results 2025, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks for intraday trading can be a good option. "
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Shankara Building Products, Avalon Technologies, Vadilal Industries, Kfin Technologies, and Azad Engineering.
1] Shankara Building Products: Buy at ₹ 656.2, target ₹ 785, stop loss ₹ 710;
2] Avalon Technologies: Buy at ₹ 913, target ₹ 980, stop loss ₹ 875;
3] Vadilal Industries: Buy at ₹ 7163.3, target ₹ 7600, stop loss ₹ 6850;
4] Kfin Technologies: Buy at ₹ 1284.4, target ₹ 1380, stop loss ₹ 1240;
5] Azad Engineering: Buy at ₹ 1560.6, target ₹ 1666, stop loss ₹ 1505.
Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
First Published: 23 Apr 2025, 06:40 AM IST
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
37 minutes ago
- Time of India
RCB to be sold after historic IPL 2025 win? Owner Diageo breaks silence
Image credit: BCCI/IPL Diageo India, the Indian branch of UK-based Diageo Plc and owner of the Royal Challengers Bengaluru (RCB) IPL franchise, has firmly rejected rumors of selling the team. In a letter addressed to the Bombay Stock Exchange (BSE) and its Surveillance Department on Tuesday, June 10, a Diageo India representative stated that the media reports suggesting a potential sale are purely speculative. "The company would like to clarify that the aforesaid media reports are speculative in nature and it is not pursuing any such discussion," Mital Sanghvi, the company secretary, informed the regulating body of the Indian Stock Market. "This is for your information and records." Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! According to a Cricbuzz report, Diageo's statement was in response to a query from the Bombay Stock Exchange (BSE), where the company is publicly listed. Since speculation about a possible sale of the RCB franchise began circulating, shares of United Spirits — the Diageo-owned company that holds RCB — have seen a notable uptick. On Tuesday, Bloomberg reported that Diageo is considering selling the RCB franchise. The report surfaced shortly after RCB's maiden IPL title win on June 3 — a milestone achieved after 17 years — followed tragically by an incident in Bengaluru on June 4, where celebrations turned fatal, leaving 11 dead and many injured. Virat Kohli's love for 'dhaba' food, priority for family & more | RCB bus driver shares stories Though Diageo officially dismissed the sale reports as "speculative," the ambiguity of their statement has sparked deeper speculation. A seasoned voice in India's sports business ecosystem suggested that 'being a public company, there will be a lot of pressure on reputational damage,' hinting that Diageo could be weighing its options more seriously than publicly admitted. There are also murmurs about Diageo valuing the RCB franchise at around USD 2 billion. While some industry insiders view that figure as inflated — especially when compared to Torrent's acquisition of Gujarat Titans at approximately INR 7500 crore (around USD 1 billion) — others disagree. Lalit Modi , the architect of the IPL, told Cricbuzz that a USD 2 billion valuation for RCB is quite realistic. 'A particularly special feeling': Andy Flower hails Virat Kohli, RCB after historic title win "I will not be surprised if it is sold for a higher price," he remarked, adding that comparing the RCB valuation to that of the newer Gujarat franchise isn't an apples-to-apples comparison. "I will not be surprised if it is sold for a higher price," he said , stating that the valuation of GT cannot be compared here since it was a one-year-old deal. The sale report remains speculative, as clarified by the Diageo official in the response to the BSE. "No decision is final and they may decide against selling the team, the people said, asking not to be named as the details are private," the Bloomberg report says.
Time of India
40 minutes ago
- Time of India
Tier-III cities drive 62% of new insurance premiums: Report
HighlightsA recent report from Probus, an InsurTech and insurance broking firm, reveals that Tier-III cities and smaller towns are now responsible for approximately 62 per cent of new insurance premiums in India for the current fiscal year. The motor insurance segment experienced significant growth of 25.6 per cent in fiscal year 2024-25, driven by increased awareness, digital access, and an expanded Point-of-Sale Person network. Fresh life insurance policies saw a growth exceeding 60 percent in fiscal year 2024-25 compared to the previous year, while Small and Medium Enterprise insurance emerged as the fastest-growing segment with 112 percent increase. A new report from Probus, an InsurTech and insurance broking firm, indicates that Tier-III cities and smaller towns are now significant contributors to India's new insurance business. The report states that these regions account for approximately 62 per cent of total new insurance premiums in the current fiscal year. This trend suggests a shift in how new insurance business is generated in India. Smaller towns, aided by digital payment infrastructure like UPI and increased internet access, are showing higher rates of digital adoption. Probus highlights that this is a consistent pattern, with the contribution from these regions rising from 58 per cent to 62 per cent over the past three fiscal years. For the fiscal year 2024-25, the motor insurance segment saw notable growth at 25.6 per cent. This was attributed to increased awareness, digital access, and an expanded Point-of-Sale Person (PoSP) network. The report also observes that local distribution methods, including app-based onboarding and regional language interfaces, have facilitated wider access to insurance products. What may have been a compliance-driven purchase is increasingly being viewed as a financial planning tool in these areas. Across insurance verticals, fresh life insurance policies showed growth exceeding 60 per cent in FY 2024-25 compared to FY 2023-24. Non-life insurance, encompassing motor, health, and SME segments, also experienced growth. SME insurance emerged as the fastest-growing segment in FY 2024-25, with a 112 per cent increase. Rakesh Goyal, director, Probus, commented on the findings, noting the resilience of the Indian economy and the role of Tier-II and Tier-III cities in this. He stated that Probus's approach aligns with the goal of 'Insuring India by 2047,' by providing digital tools and strengthening PoSP models to offer insurance solutions to consumers in these emerging markets.
Business Standard
43 minutes ago
- Business Standard
DAEWOO India appoints EBG group as Strategic Partner for Home Appliances and Electronics Retail Expansion
EBG Group has partnered with DAEWOO a globally recognized Korean brand to exclusively extend their premium home appliances, electronics, and consumer goods to Indian market. This strategic alliance combines DAEWOO's cutting-edge technology and innovation with EBG's extensive marketing expertise and distribution networks. The association aims to disrupt India's home appliance and electronics retail by introducing high-quality, energy-efficient, and sustainable solutions tailored to modern Indian consumers. DAEWOO brings decades of technological innovation and high manufacturing standards, while EBG Group's deep understanding of Indian consumer preferences and retail operations positions it to successfully introduce and expand DAEWOO's products in India. According to Dr. Irfan Khan, Founder and CEO of EBG Group, 'the partnership aligns with EBG's long-term strategy to strengthen its market footprint, bringing premium appliances that meet the increasing demand for energy-efficient solutions. EBG Group will lead the retail and distribution expansion for DAEWOO Consumer Products across India, ensuring seamless access to products through a robust retail network and strong after-sales support. The focus is on creating a hassle-free shopping experience while providing consumers with reliable service infrastructure nationwide'. 'The partnership will introduce a range of high-performance, stylish and energy-efficient home appliances, including whole range of Home & Kitchen appliances as well as Smart home solutions, Mr. H. S. Bhatia, Managing Director, DAEWOO India said. With IoT-enabled devices and advanced energy-saving features, DAEWOO's products are designed to meet the needs of India's growing tech-savvy consumer base, who seek innovation, convenience, and sustainability. By combining technological advancements with deep market insights, both companies aim to bring premium, affordable, and high-tech solutions to Indian households, setting the stage for the next evolution in consumer electronics. 'EBG plans to create business opportunities for Indian entrepreneurs through an innovative franchise model. This initiative is expected to further strengthen DAEWOO's retail presence and empower local partners, with details to be announced soon', Mr. Hari Kiran, COO and Co-Founder of EBG Group said. 'We are excited to collaborate with Daewoo in bringing innovative, high-quality home appliances and electronics to India'. With DAEWOO brand EBG aim to develop a holistic ecosystem that enhances customer experience through reliable service, easy accessibility, and a nationwide after-sales network. About DAEWOO India DAEWOO is a global leader in the design and manufacturing of home appliances, electronics, and consumer goods. Known for its cutting-edge technology and commitment to quality, DAEWOO products are trusted by consumers around the world with presence in more than 70 countries. DAEWOO brand operates in India through their manufacturing and marketing partner M/s. Kelwon Electronics & Appliances Pvt. Ltd. With a focus on innovation and sustainability, DAEWOO continues to lead the way in creating products that make life easier, more comfortable, and more sustainable. About EBG Group EBG Group is a premier name in the Indian market, known for launching and managing premium tech and lifestyle brands. With an in-depth understanding of Indian consumer behaviour and a strong retail presence, EBG has built a reputation for providing innovative solutions and excellent customer experiences. Through this strategic partnership with DAEWOO, EBG aims to redefine the home appliances and electronics market in India.
