The Indian Stock Market is going through a tough phase. Both BSE Sensen and Nifty 50 again dropped a little on yesterday’s close point. The good news is IT Stocks are gaining some value back. Yesterday BSE Dropped by 29.47 Points and closed at 75,967.39. Also, Nifty 50 dropped by 14.20 and closed at 22,945.30 points. Which stocks will perform well? Let’s check what market expert Sumeet Bagadia has to say.
Stocks to buy today by Sumeet Bagadia
Sumeet Bagadia, Executive Director of Choice Broking says Nifty 50 has solid support at 22,800 and is likely to reach the 23,300 mark. Also if the market bias improves it can break out and hit 24,800. He also suggested some stocks which can break out today and give good returns to investors. What are they? Let’s check them with target prices.
Breakout Stocks by Sumeet Bagadia
1. Sundaram Finance: The first one on the list is Sundaram Finance. Sumeet Bagadia suggests buying the stock at Rs 4700 with a Target price of Rs 5000 and keeping a stop loss at Rs 4540.
2. Bajaj Healthcare: Another good stock is Bajaj Healthcare. it can be bought at Rs 634.55 and sold at a target of Rs 675. Stop loss for this share will be set at Rs 610.
3. Narayana Hrudayalaya: Mr. Bagadia Suggests to buy Narayana Hrudayalaya at Rs 1370.1 with a target price of Rs 1460. Investors should also keep a stop loss set at Rs 1320.
4.SBI Cards and Payment Services: This stock can also give good results. Sumeet Bagadia suggests to buy these stocks at Rs 865.35 with a target price of Rs 920. Also recommends to keep a stop loss at Rs 835.
5. Aarti Pharmalabs: This company stocks can be bought at Rs 808.9 with a target price of Rs 865 and make sure to put a stop loss at Rs 780.
All these recommendations are made by individual analysts or broking companies. Investors are strongly advised to consult certified experts before making any investment.
