Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 17 March 2025 | Stock Market News
Breakout stocks to buy or sell: Over the past week, the Indian stock market experienced limited movement, resulting in a weekly loss. On Thursday, the 30-share BSE Sensex reversed its early gains, closing down by 200.85 points (0.27%) at 73,828.91, marking its fifth consecutive session of losses. Similarly, the NSE Nifty declined by 73.30 points (0.33%) to settle at 22,397.20.
Sumeet Bagadia’s breakout stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautious as the Nifty 50 index failed to break the hurdle placed at 22,650.
Speaking on the outlook of Indian stock market, Bagadia said, “The frontline index is sustaining above 22300 support that august a bounce back from the lower levels. But, one can assume bullish or bearish trend in breaking of either side of 22,000 to 22,650 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 recommended buying these five breakout shares to buy today – Som Distilleries and Breweries, Aavas Financiers, Swaraj Engines, Godrej Industries, and Avanti Feeds.
Stocks to buy today
1] Som Distilleries and Breweries: Buy at ₹127.66, target ₹137, stop loss ₹123;
2] Aavas Financiers: Buy at ₹1872.45, target ₹2000, stop loss ₹1800;
3] Swaraj Engines: Buy at ₹3158.95, target ₹3390, stop loss ₹3030;
4] Godrej Industries: Buy at ₹1149.05, target ₹1250, stop loss ₹1100;
5] Avanti Feeds: Buy at ₹842.55, target ₹900, stop loss ₹810.
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.
