Latest news with #Bagadia
Mint
2 hours ago
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Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 5 June 2025
Breakout stocks buy or sell: The Indian stock market bounced back on Wednesday, June 4, breaking a three-day losing streak, with the recovery driven mainly by key heavyweight stocks such as HDFC Bank, Reliance Industries, Bharti Airtel, and Infosys. The Nifty 50 rose by 70 points (0.3%) to close at 24,610, while the Sensex ended the day 260 points higher (0.32%) at 80,998. Broader market indices outperformed the main benchmarks, with the Nifty Midcap 100 and Nifty Smallcap 100 gaining 0.70% and 0.80%, respectively. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious to positive as the Nifty 50 index is sustaining above 24,500. Speaking on the outlook of Indian stock market, Bagadia said, ' On breaching this support the market bias may turn weak and the key benchmark index may try to test 24,150 to 24,200 levels. On the upper side, the 50-stock index is facing hurdle at 24,800. 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 shares to buy today — Heritage Foods, Rico Auto Industries, Mawana Sugars, Indo Amines, and Hindware Home Innovation. 1] Heritage Foods: Buy at ₹ 446.1, target ₹ 477, stop loss ₹ 430; 2] Rico Auto Industries: Buy at ₹ 81.91, target ₹ 88, stop loss ₹ 79; 3] Mawana Sugars: Buy at ₹ 105.74, target ₹ 113, stop loss ₹ 102; 4] Indo Amines: Buy at ₹ 158.31, target ₹ 170, stop loss ₹ 152; 5] Hindware Home Innovation: Buy at ₹ 281.1, target ₹ 301, stop loss ₹ 271. 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.
Mint
a day ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 4 June 2025
Breakout stocks buy or sell: Indian stock markets closed in the red on Tuesday, as both the Sensex and Nifty 50 extended their losing streak to a third straight session. By the close of trading, the BSE Sensex had dropped 636.24 points, or 0.78%, settling at 80,737.51. Meanwhile, the NSE Nifty 50 slipped 174.10 points, or 0.70%, to end at 24,542.50. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious to positive as the Nifty 50 index is sustaining above 24,500. Speaking on the outlook of Indian stock market, Bagadia said, ' On breaching this support the market bias may turn weak and the key benchmark index may try to test 24,150 to 24,200 levels. On the upper side, the 50-stock index is facing hurdle at 24,800. 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 shares to buy today — Deepak Frtlsrs and Ptrchmcls Corp, Authum Investment & Infrastructure, GE Vernova T&D India, Signatureglobal (India), and India Cements. 1] Deepak Frtlsrs and Ptrchmcls Corp: Buy at ₹ 1540.10, target ₹ 1663, stop loss ₹ 1486; 2] Authum Investment & Infrastructure: Buy at ₹ 2473.6, target ₹ 2647, stop loss ₹ 2387; 3] GE Vernova T&D India: Buy at ₹ 2340.10, target ₹ 2504, stop loss ₹ 2258; 4] Signatureglobal (India): Buy at ₹ 1258.7, target ₹ 1360, stop loss ₹ 1214; 5] India Cements: Buy at ₹ 351.7, target ₹ 380, stop loss ₹ 339. 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.
Mint
2 days ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 3 June 2025
Breakout stocks buy or sell: Indian benchmark indices experienced significant volatility during trading on Monday, June 2. Despite a weak start, buying activity by bulls helped stocks rebound from early losses, allowing the markets to end the day with only slight declines. The Nifty 50 pared losses to close down by just 0.14% at 24,716, recovering 189 points from its intraday low. Similarly, the Sensex trimmed its early losses and ended the session marginally lower by 77 points, or 0.09%, at 81,373. Sumeet Bagadia, Executive Director at Choice Broking, believes that despite strong selling during early morning deals on Monday, the key Indian benchmark indices pares the kisses and ended flat, keeping the overall Indian stock market sentiment positive. Speaking on the outlook of Indian stock market, Bagadia said, ' The Nifty 50 index is trading above 24,500 and facing resistance at 25,000. On breaking above 25,000, the 50-stock index may soon touch 25,400. 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 shares to buy today — Jubilant Ingrevia, IDBI Bank, SBFC Finance, JM Financial, and City Union Bank. 1] Jubilant Ingrevia: Buy at ₹ 734.05, target ₹ 786, stop loss ₹ 708; 2] IDBI Bank: Buy at ₹ 101.27, target ₹ 110, stop loss ₹ 97; 3] SBFC Finance: Buy at ₹ 114.48, target ₹ 123, stop loss ₹ 110; 4] JM Financial: Buy at ₹ 133.73, target ₹ 143, stop loss ₹ 129; 5] City Union Bank: Buy at ₹ 198.64, target ₹ 213, stop loss ₹ 192. 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.
Mint
2 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Tuesday — 3 June 2025
Stock Market Today: The benchmark Nifty-50 index ended another volatile session at 24,716.60 down 0.14% on Monday. The Bank Nifty however gained 0.28% at 55,903.40 as Realty and FMCG index led the gains for many other indices, though metals and IT were among losers. Broader indices saw positive momentum and mid and small caps gained up to 1.3%. The underlying trend of Nifty remains choppy with weak bias. The Nifty is expected to show short term upside bounce towards 24900 in the next few sessions. Immediate support is at 24500, as per Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Immediate support for Bank Nifty is placed at 55,000-55,200 levels while the key short-term support is seen at 54,000-53,500, as per Bajaj Broking. The domestic market continued its consolidation phase for the third consecutive week, influenced by renewed concerns over a potential tariff war and escalating geopolitical tensions between Russia and Ukraine. While global uncertainties have led investors to adopt a risk-averse approach, the Indian market has demonstrated resilience, underpinned by robust institutional inflows and selective sectoral strength like FMCG, real estate, and financial stocks. Supportive domestic macro indicators include a potential RBI rate cut, a better monsoon, Q4 GDP data and better GST collection, said Vinod Nair, Head of Research, Geojit Investments Limited. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks These Include Intellect Design Arena Ltd, Valor Estate Ltd (DBREALTY) , Bharat Heavy Electricals Ltd, Oberoi Realty Ltd, Sona BLW Precision Forgings Ltd , Federal Bank Ltd , Housing & Urban Development Corporation Ltd and Escorts Kubota Ltd Intellect Design Arena Ltd- Bagadia recommends buying Intellect Design Arena or INTELLECT at around Rs1192.80 keeping Stoploss at Ra 1150 for a target price of ₹ 1276 INTELLECT is currently trading at 1192.8, exhibiting strong bullish momentum. The stock has been forming a series of higher highs and higher lows, indicating a well-established uptrend. It recently rebounded from the support zone near 1080 and surged toward its recent high, suggesting a consolidation breakout that reinforces the underlying strength of the trend. Notably, the stock has marked a fresh 52-week high at 1197.9. 2. Valor Estate Ltd- Bagadia recommends buying Valor Estate Ltd or DBREALTY at around ₹ 203.15 keeping Stoploss at ₹ 196 for a target price of ₹ 218 DBREALTY is currently trading at ₹ 203.15, having rebounded from a key support level and formed a bullish candlestick pattern on the daily chart. The stock has successfully broken out of its recent consolidation range between ₹ 182 and ₹ 200, indicating the potential start of a trend reversal. This breakout is supported by a significant increase in trading volumes, highlighting strong buying interest and growing market participation. 3. Bharat Heavy Electricals Ltd - Dongre recommends buying Bharat Heavy Electricals Ltd or BHEL at around ₹ 261 keeping Stoploss at ₹ 257 for a target price of ₹ 267 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 261 and holding above a key support level at ₹ 257. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 257 to manage downside risk. The target for this trade is set at ₹ 267, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 4. Oberoi Realty Ltd - Dongre recommends buying Oberoi Realty or OBEROIRLTY at around ₹ 1770 keeping Stoploss at around ₹ 1735 for a target price of ₹ 1830 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1770 and maintaining a strong support at ₹ 1735. The technical setup indicates the potential for a price retracement towards the ₹ 1830 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1735 offers a prudent approach to capturing the anticipated upside. BLW Precision Forgings Ltd - Dongre recommends buying Sona BLW Precision Forgings or SONACOMS at around ₹ 545 keeping Stoploss at around ₹ 535 for a target price of ₹ 565. Stock is currently trading at ₹ 545 and appears to be in bullish zone for short term. A bullish reversal pattern has emerged on the daily chart, indicating a potential upmove. The critical support level lies at ₹ 535, which also acts as a key stop-loss point for this trade. With bullish cues signaling a possible retracement towards the ₹ 565 target, this setup provides a favorable entry opportunity for traders looking to capitalize on a technical rebound. 6. Federal Bank Ltd- Koothupalakkal recommends buying FEDERAL BANK at around ₹ 206 for a target price of ₹ 220 keeping Stop loss at around ₹ 202 The stock has indicated a triangular pattern breakout on the daily chart with a bullish candle formation with significant volume participation visible and has triggered for fresh upward move in the coming sessions. The RSI is well placed and has indicated a positive trend reversal to signal a buy and with much upside potential visible, can carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for an upside target of ₹ 220 keeping the stop loss of ₹ 202 level. 7. Housing & Urban Development Corporation Ltd or HUDCO- Koothupalakkal recommends buying HUDCO at around ₹ 247.65 for a Target price of ₹ 262 keeping Stop loss at around ₹ 242 The stock has been consolidating near the ₹ 240 zone with bias maintained positive and currently with a positive bullish candle formation on the daily chart has shown strength with improvement in the bias and can carry on with the positive move for further rise in the coming sessions. The RSI is on the rise with strength indicated having much upside potential for further gains. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 262 level keeping the stop loss of ₹ 242 level. 8. Escorts Kubota Ltd- Koothupalakkal recommends buying ESCORTS at around ₹ 3383 for a target price of ₹ 3500 keeping Stop loss at ₹ 3330 The stock after witnessing a short period of correction has taken support near the important 100 period MA at ₹ 3270 zone and indicated a decent pullback to improve the bias once again anticipating for further rise in the coming sessions. The RSI after correcting has once again indicated a revival to expect for further upward move to carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹ 3500 level keeping the stop loss of ₹ 3330 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Monday — 2 June 2025
Stock Market Today: The consolidation in the market continued during the week ending 30 May 2025, as Nifty-50 index at 24,750.70 ended around 0.4% lower week on week. The Nifty Bank at 55,749.70 ended 0.6% higher while Metals Auto, industrials and Telecom were significant losers energy was among key gainers. Among the broader markets, both the midcap and smallcap indices managed to register gains of nearly 1.5% each. Trade Setup for Monday For the Nifty-50 index the level of 24,650 will act as key support zone, while 25,000 will serve as a key resistance area for the bulls. As long as the market remains between the 24,650 and 25,000 ranges, a sideways, range-bound texture is likely to continue, said Amol Athawale, VP-Technical Research, Kotak Securities. For Bank Nifty, the higher bottom support is placed at 55,000 and above this, the uptrend is likely to continue towards 56,500–57,000, added Athawale Global Markets and Q4 Results Looking ahead, all eyes will be on the outcome of the RBI's Monetary Policy Committee (MPC) meeting scheduled for June 6. Additionally, with the new month beginning, participants will track high-frequency data including auto sales numbers and other economic indicators. Updates on the progress of the monsoon and the trend in foreign institutional investor (FII) flows will also be closely monitored, said Ajit Mishra – SVP, Research, Religare Broking Ltd. Globally, developments in the U.S. bond market and any updates regarding ongoing trade negotiations will continue to influence investor sentiment., added Mishra. Stocks to buy today Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks Sumeet Bagadia's stock picks Welspun Corp Ltd- Bagadia recommends buying WELCORP at around ₹ 935.55 keeping Stoploss at around ₹ 900 for a target price of ₹ 975. WELCORP is currently trading at ₹935.55, maintaining a strong upward trajectory marked by the consistent formation of higher highs and higher lows—a classic indicator of sustained bullish momentum. The stock recently reached a new all-time high of ₹938.80, and a decisive breakout above this level could trigger fresh buying interest, potentially accelerating the ongoing rally. This bullish sentiment is further reinforced by the upward slope of the 20-day, 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), with the stock price comfortably trading above all these key levels 2. Authum Investment & Infrastructure Ltd- Bagadia recommends buying Authum Investment & Infrastructure or AIIL in at around ₹2379.20 keeping Stoploss at ₹2295 for a target price of ₹2545. AIIL is currently trading at ₹2,379.20 and continues to demonstrate strong bullish momentum, evident from its steadily rising price structure and consistent pattern of upward swings. The stock recently approached its all-time high of ₹2,386, and a breakout above this key level could attract renewed buying interest, potentially unlocking further strength of the trend is further reinforced by the upward trajectory of the 20-day, 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), indicating sustained demand and positive sentiment across multiple timeframes Ganesh Dongre's stocks to buy today 3. Hindustan Aeronautics Ltd- Dongre recommends buying Hindustan Aeronautics Ltd or HAL at around ₹4975 keeping Stoploss at around ₹4900 for a target price of ₹5100 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 4975 and holding above a key support level at ₹ 4900. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 4900 to manage downside risk. The target for this trade is set at ₹ 5100, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 4. Punjab National Bank - Dongre recommends buying Punjab National Bank or PNB at around ₹105 keeping Stoploss at ₹100 for a target price of ₹112 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 105 and maintaining a strong support at ₹ 100. The technical setup indicates the potential for a price retracement towards the ₹ 112 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 100 offers a prudent approach to capturing the anticipated upside. 5. Dr Reddys Laboratories Ltd - Dongre recommends buying Dr Reddys Laboratories or DRREDDY at around ₹1251 keeping Stoploss at ₹1420 for a target price of ₹1470. Stock is currently trading at ₹ 1251 and appears to be in bullish zone for short term. A bullish reversal pattern has emerged on the daily chart, indicating a potential upmove. The critical support level lies at ₹ 1420, which also acts as a key stop-loss point for this trade. With bullish cues signaling a possible retracement towards the ₹ 1470 target, this setup provides a favorable entry opportunity for traders looking to capitalize on a technical rebound. Shiju Koothupalakkal's intraday stocks for today 6. Anant Raj Ltd- Koothupalakkal recommends buying Anant Raj at around ₹561 for a target of ₹590 keeping Stop loss: at ₹549 The stock has indicated a series of bullish candle formation on the daily chart after a short period of consolidation to trigger for fresh upward move and can anticipate for further rise in the coming sessions. The RSI is on the rise indicating strength and can carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for an upside target of ₹590 keeping the stop loss of ₹549 level. 7. Union Bank of India - Koothupalakkal recommends buying Union Bank of India at around ₹146.79 for a target price of ₹154 keeping Stop loss at ₹143 The stock has indicated a breakout on the daily chart above the ₹140 zone with huge volume participation witnessed to strengthen the trend and can expect for further upward move in the coming days. The overall bias is maintained strong and with the RSI getting better, it has indicated much upside potential for further gains in the coming sessions. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹154 level keeping the stop loss of ₹143 level. 8. Kalpataru Projects International Ltd - Koothupalakkal recommends buying Kalpataru Projects International or KPIL at around ₹1138 for a Target price of ₹1200 keeping Stop loss at ₹1110 The stock after witnessing a decent spurt has been in consolidation for quite some time with currently indicating a positive candle formation on the daily chart to show signs of improvement with significant volume participation visible. There is much scope for further rise in the coming sessions with the RSI consolidating and with strength indicated, can carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹1200 level keeping the stop loss of ₹1110 level.
