logo
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 25 April 2025

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 25 April 2025

Mint25-04-2025

Breakout stocks to buy or sell: Domestic equity benchmarks, Sensex and Nifty 50, snapped their seven-day winning streak amid profit booking and after investors turned risk-averse over the Pahalgam terror attack in Jammu and Kashmir, which heightened geopolitical tensions in the region.
The 30-share BSE benchmark declined 315.06 points or 0.39 per cent, settling at 79,801.43. During the day, it dropped 391.94 points or 0.48 per cent to 79,724.55. The NSE Nifty dropped by 82.25 points or 0.34 per cent to 24,246.70.
In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty jumped 1,929.8 points or 8.61 per cent, to settle at the highest closing levels of 2025 during Wednesday's session.
Sumeet Bagadia, Executive Director at Choice Broking, said, 'Overall, the Indian stock market sentiment is positive until the Nifty 50 index is above 23,800. The benchmark indices have taken a breather after rising for seven straight sessions. So, some consolidation is expected.'
'On the upper side, Nifty 50 faces a hurdle at 24,350 to 24,400. A bullish or bearish trend can be assumed on the breakage of the 23,800 to 24,400 range. So, one should maintain a stock-specific approach and look at stocks that look strong on the technical chart. Looking at breakout stocks can be a good option,' added Bagadia.
Sumeet Bagadia recommended buying these five breakout shares to buy today: Samhi Hotels Ltd, Suven Life Sciences Ltd, Thangamayil Jewellery Ltd, Transport Corporation of India (TCI) Ltd, and Sundaram Finance Holdings Ltd.
1.Samhi Hotels Ltd: Buy at ₹ 193.29, target price ₹ 206, stoploss ₹ 185
2.Suven Life Sciences Ltd: Buy at ₹ 141.2, target price ₹ 150, stoploss ₹ 135.
3.Thangamayil Jewellery Ltd: Buy at ₹ 2,229.6, target price ₹ 2,400, stoploss ₹ 2,150.
4.TCS: Buy at ₹ 1,165.5, target price ₹ 1,250, stoploss ₹ 1,122.
5.Sundaram Finance Holdings Ltd: Buy at ₹ 361.1, target price ₹ 390, stoploss ₹ 348.
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, consider individual risk tolerance, and conduct thorough research before making investment decisions, as market conditions can change rapidly, and individual circumstances may vary.
First Published: 25 Apr 2025, 06:37 AM IST

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Paint companies face profitability challenges amidst high competition
Paint companies face profitability challenges amidst high competition

Time of India

time33 minutes ago

  • Time of India

Paint companies face profitability challenges amidst high competition

MUMBAI: Investor woes in shares of paints companies may be far from over as the hyper competition in the sector and tepid demand are expected to continue squeezing profitability in the sector. With valuations remaining elevated despite the recent underperformance in the shares, money managers and analysts are less enthusiastic about their prospects in the foreseeable future. So far in 2025, Asian Paints is down 4.2% and Kansai Nerolac has fallen 4.5%. Berger Paints bucked the trend, rising 24%. In comparison, the Nifty 50 is up 6%. Morgan Stanley said this 'de-rating' is not yet done. "While there is consensus on the sell side on growth and ratings, we think the exact extent of a potential de-rating for paint stocks is not yet understood," said the brokerage in a recent note. The apathy for paints shares among investors and analysts is a contrast to the situation three years ago when they were Dalal Street darlings for over a decade. The entry of deep-pocketed players like the Aditya Birla Group into the sector has resulted in companies focussing on fighting for market share, putting pressure on profitability. "The overall competitive intensity will remain high for the next two years," said Aniruddha Kekatpure, head of research at Edelweiss Mutual Fund . "If the new entrant executes better than expected, the stock prices of incumbents will likely continue to languish." The recent declines in paint shares have removed some froth of their valuations, which were considered among the most expensive in the consumer-facing businesses. "While valuations have moderated from their post-COVID highs, they continue to remain elevated amid persistent growth and margin pressures," Vaqarjaved Khan, senior fundamental analyst at Angel One. Khan said the estimated Price to Earnings (P/E) ratio - a popular valuation measure - for most paint companies still hovers around 48-55x, a rich multiple, especially when the growth outlook for FY26 appears clouded.

Sensex plunges 1% as Israel-Iran tensions, plane crash spook investors
Sensex plunges 1% as Israel-Iran tensions, plane crash spook investors

Mint

time34 minutes ago

  • Mint

Sensex plunges 1% as Israel-Iran tensions, plane crash spook investors

India's stock market fell by 1% on Thursday, hurt by renewed geopolitical tensions between Israel and Iran, and volatility ahead of the weekly Nifty futures and options (F&O) expiry. A London-bound Air India plane crashed soon after taking off from Ahmedabad, further denting investor sentiment. The Nifty 50 index closed 1.01%, or 253 points, lower at 24,888.20 on Thursday - its steepest decline since 20 May. The 30-share Sensex fell 1%, or 823 points, to settle at at 81,691.98. The market sell-off was broad-based, with the Nifty Smallcap index falling 1.44% and the Nifty Midcap index closing 1.6% lower. The texture of the market also appears bearish for now as Nifty saw a heavy build-up of calls. The fall in the Nifty 50 index was also accompanied by a jump of 7% in open interest of active Nifty futures contract. Also read: Air India Plane Crash: Former Gujarat CM Vijay Rupani among passengers on London-bound flight The Nifty has once again approached the support zone of its short-term moving average — the 20-day EMA — which currently lies around the 24,800 mark. 'A decisive break below this level could lead the index back into a consolidation phase," said Ajit Mishra, senior vice-president, research, Religare Broking Ltd. The BSE market capitalization fell by ₹6.09 trillion to ₹$5.26 trillion. A fresh flare-up in geopolitical tensions in the Middle East - media reports suggest Israel is preparing for military strikes against Iran - triggered a sell-off in other Asian markets as well. Except for South Korea's Kospi index, all Asian indices closed in the red. Among the ones that fell the most were Hong Kong's Hang Seng index, down 1.31%, followed by Taiwan's Taiex that lost 0.81%, and Japan's Nikkei index that declined 0.65%. Germany's DAX index was down 1.01% and the Euro Stoxx 50 index fell 0.86%. "With returns expected to largely moderate to around 10-12% as opposed to high double digits of the past years, one needs to tread very cautiously in this market," said Nilesh Shah, managing director at Kotak AMC, adding that asset allocation was key. Also read: Hindustan Zinc, Hindalco to NALCO: Why were metal stocks in the red today? Analysts decode factors & top stock ideas An Air India flight, with 242 passengers on board, crashed in Ahmedabad during take-off for London. The incident happened between 1 pm and 2 pm on Thursday. "There appears to be no survivor in the crash," Ahmedabad police commissioner G.S. Malik told AFP. "And since the airplane has fallen on an area which was residential and had some offices, there are more casualties as well". 'We have retrieved 204 bodies and 41 injured persons taken to hospital," Malik said. Alok Agarwal, head of quant and fund manager at Alchemy Capital Management, said that the Q4FY25 earnings of Nifty 500 grew by over 11%, though this average was dragged down by the Nifty 50 companies, which posted only about 3% growth. 'Excluding the top 50 companies of the Nifty 500, the remaining 450 companies showed a strong earnings growth of over 20%, indicating broad-based strength in the market, in our view. While the headline numbers appear modest due to the underperformance of large-cap companies, the overall Q4FY25 earnings season has been reasonably good." Also read: Air India plane crash: London-bound flight with 242 onboard crashes near Ahmedabad; Cop says '204 bodies and 41 injured' All the sectoral indices except for the Nifty Healthcare index closed in the red. The Nifty Realty index lost the most– 2.02%, while the Nifty Energy and Nifty Consumer Durables index fell 1.93% and 1.92% respectively. Market breadth on the NSE was negative, with 2,111 stocks declining compared to 782 stocks that advanced. On Thursday, the index heavyweight Reliance Industries sold 35 million equity shares of Asian Paints at ₹2,201 per share.

Mukesh Ambani makes big move, sells stake worth Rs 77076598394 in this company due to..., company is...
Mukesh Ambani makes big move, sells stake worth Rs 77076598394 in this company due to..., company is...

India.com

time41 minutes ago

  • India.com

Mukesh Ambani makes big move, sells stake worth Rs 77076598394 in this company due to..., company is...

Mukesh Ambani (File) In a significant move, billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has sold around 35 crore of its equity shares in Asian Paints at Rs 2,201 apiece for a total of approximately Rs 7,703.5 crore. According to an exchange filing by RIL on Wednesday, the oil-to-telecom conglomerate revealed that it has offloaded 35 million equity shares of Asian Paints through its subsidiary Siddhant Commercials Limited at Rs 2,201 per share. Before the sale, Siddhant Commercials, a subsidiary of Mukesh Ambani's Reliance Industries, owned a 4.9 percent stake in Asian Paints, as of March 2025. After the block deal, Reliance now holds 8.7 million (87 lakh) equity shares in Asian Paints, as per the filing. Largest stakeholders in Asian Paints While RIL's major block deal has altered the overall shareholding pattern in Asian Paints, the Life Insurance Corporation of India (LIC) remains the company's largest shareholder with an 8.29 percent stake, while domestic mutual funds collecting own a 5.67 percent equity in the firm. As per a report by The Mint, ICICI Prudential Mutual Fund and SBI Mutual Fund own a 1.24 percent and 1.51 percent, stake in Asian Paints, while over 1.17 crore small investors hold 11.84 per cent equity, each holding valued as less than Rs 2 lakh. Notably, the buyers who were part of RIL's block deal remain undisclosed as of yet. Meanwhile, the shares of Reliance Industries closed at Rs 1,439.60 apiece on the BSE , while Asian Paints ended the day at Rs 2,218.05.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store