Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 9 May 2025
The Nifty 50 ended the session down 0.51%, slipping below the 24,300 level to finish at 24,273, while the Sensex declined by 411 points, or 0.51%, closing at 80,334.
Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautiously positive as the Nifty 50 index is trading above 200-DEMA support placed at 24,050.
Speaking on the outlook of Indian stock market, Bagadia said, ' One should maintain stock-specific approach and look into bottom fishing opportunity on every dip untill this support remains sacrosanct. Amid escalating tension in India-Pakistan conflict, one should look at those stocks that are looking strong on the technical chart. Breakout stocks can be a good option."
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Kirloskar Brothers, Bharti Hexacom, Dharmaj Crop Guard, Orient Bell, and Intellect Design Arena.
1] Kirloskar Brothers: Buy at ₹ 1840, target ₹ 1970, stop loss ₹ 1775;
2] Bharti Hexacom: Buy at ₹ 1730, target ₹ 1852, stop loss ₹ 1669;
3] Dharmaj Crop Guard: Buy at ₹ 237.50, target ₹ 254, stop loss ₹ 229;
4] Orient Bell: Buy at ₹ 273.5, target ₹ 293, stop loss ₹ 263;
5] Intellect Design Arena: Buy at ₹ 842.80, target ₹ 902, stop loss ₹ 813.
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
15 minutes ago
- Indian Express
‘Not from IIT-NIT, not afraid of layoffs': Techie who quit Rs 65 LPA job to travel gets rehired with salary hike
A techie, who shared his unconventional career move on Reddit — quitting a high-paying job to travel for six months — has gone viral online. In his post, he revealed that he later rejoined the same company, this time with a salary hike. 'So last year I decided to quit my job where I was making 65 LPA. I didn't jump into another role, just bought a car and spent the next six months enjoying life, travelling around, doing whatever I felt like. Those months went by super fast, but honestly, I don't regret it at all,' he wrote. The techie said that after the break, he was hired back by the same company with a 15 per cent raise. 'Now I've joined back the same company (with a raise lol) and I feel way more motivated to work. I look at money differently too, there's a lot more respect for it now. The break really reset me,' he shared. Sharing details of his financial status, the techie revealed that he gets paid in US dollars and has tax benefits under Indian laws. 'I'm unmarried and have some time to play around with my career. That's why I joined the same firm again with good pay and tax benefits which Indian companies usually don't easily match when it comes to in-hand,' he wrote. 'I was planning for a master's from USA since I'm unmarried and have some time to play around with my career. That's why I joined the same firm again with good pay and tax benefits which Indian companies usually don't easily match when it comes to in-hand. (The founders already know I'm planning for a master's). I'm a full stack developer. The car I bought is a used one. I have bachelors degree from CS. I am not from IIT/NITs. just from a pretty average college,' the techie shared in the post. See the post here: Quit my 65 LPA job at 27, bought a car, chilled for 6 months, and now I'm back with a whole new mindset. AMA byu/Creative_System6833 inIndian_flex The post quickly drew attention, with a range of reactions. 'Hey man! Congratulations. In this competitive era and market conditions, taking a break may even make you feel guilty or can get you in a fomo state. But kudos to you for breaking out from all that and doing what you wanted to do,' a user wrote. 'A masters can significantly boost income if in the US. If OP can get a 65Lpa job in India, they should be able to get faang equivalent pay in the US,' another user commented.
Time of India
15 minutes ago
- Time of India
Market Wrap: Sensex rises 213 points, Nifty tops 25,000 in 5-day winning run ahead of US Fed symposium
Indian benchmark indices Sensex and Nifty extended their winning streak to a fifth session Wednesday, lifted by IT shares, as investors looked ahead to the Federal Reserve's Jackson Hole symposium later this week. Tired of too many ads? Remove Ads Indian benchmark indices Sensex and Nifty extended their winning streak to a fifth session Wednesday, lifted by IT shares, as investors looked ahead to the US Federal Reserve's Jackson Hole symposium later this S&P BSE Sensex advanced 213.45 points, or 0.26%, to 81,857.84, while the NSE Nifty 50 gained 69.90 points, or 0.28%, closing above the 25,000 mark at 25,050.55 after trimming early losses.
Scroll.in
15 minutes ago
- Scroll.in
US pressure on India for Russian oil purchase ‘unjustified', energy cooperation to continue: Moscow
Russia's diplomatic mission in India on Wednesday said that the United States pressuring New Delhi against purchasing and reselling oil from Moscow was unjustified, The Indian Express reported. Roman Babushkin, the chargé d'affaires at the Russian embassy in Delhi, said that Moscow was confident that the energy cooperation with India would continue 'notwithstanding the external pressure'. The comments came amid diplomatic tensions between New Delhi and Washington after the Donald Trump administration on August 6 doubled the tariffs on goods imported from India to 50% for purchasing Russian oil amid the war in Ukraine. Trump has repeatedly alleged that India's purchases of Russian oil were 'fuelling the war machine'. The doubling of the levies came a week after Trump announced a 25% levy on Indian goods as part of the so-called reciprocal tariffs on dozens of countries that have not finalised separate trade agreements with the US. Babushkin said on Wednesday that if Indian goods 'cannot go to the US market, they can head to Russia'. 'If the West criticises you, it means you are doing everything right...' ANI quoted Babushkin as saying. The Russian diplomat said that Moscow does not expect New Delhi to stop buying Russian oil. Russia has a 'very, very special mechanism ' to continue oil supplies to India, Reuters quoted him as saying, adding that New Delhi's fuel imports from Moscow will remain at the same level. 'We know about the challenging circumstances for India,' he was quoted as saying. 'This is the true strategic partnership we are enjoying. Whatever happens, even during challenges, we are committed to removing any problems...' Babushkin added that Russian President Vladimir Putin will meet Prime Minister Narendra Modi in Delhi by the end of the year. On Monday, White House trade adviser and economist Peter Navarro, in a column for The Financial Times, alleged that India's increase in Russian oil imports was driven by 'profiteering by India's Big Oil lobby' and not 'domestic oil consumption needs'. On Tuesday, US Treasury Secretary Scott Bessent reiterated the claim that some of India's richest families were profiteering from New Delhi buying and reselling cheap Russian oil. In an interview with CNBC, Bessent also claimed that India's imports of Russian oil had jumped from less than 1% before the Ukraine war, which began in February 2022, to 42%. The transactions have resulted in Indian businesses earning an estimated $16 billion in excess profits, he claimed. Bessent defended Washington's decision not to impose a penalty on China, claiming that Beijing's purchases from Russia had risen modestly from 13% to 16% since the war started, as opposed to India. Stating that it was a 'completely different thing', the US treasury secretary noted that China had been consistently buying oil from Russia before the war as well, whereas India had set up what he described as an 'arbitrage' system during the conflict. In response to Trump's doubling of tariffs, New Delhi had said that it was 'extremely unfortunate' that the US had chosen to impose additional levies on India 'for actions that several other countries are also taking in their own national interest'. The Ministry of External Affairs said that India 'will take all actions necessary to protect its national interests'.
