After a long period of bearish movement Indian Stock Market has finally moved towards a positive movement for the fourth day straight. Nifty 50 and Sensex both are up by 1% yesterday. This was filed by across-the-board buying within the mixed trend in global equities after US Federal Reserve maintained its rate cut projections for 2025. What are the stocks that will perform well in today’s market? Let’s have a look at expert recommendations.
Stocks to buy today by Sumeet Bagadia
According to Sumeet Bagadia, Executive Director at Choice Broking, the Indian Stock Market is showing its strength as Nifty 50 has broken its crucial barrier of 23,000. Now it’s supposed to hit the 23,800 to 24,000 mark soon. Meanwhile, investors can take a bet on these stocks which is recommended by Sumeet Bagadia today.
Stocks to buy today by Sumeet Bagadia
1. Kaveri Seed Company Ltd: The first recommendation for the day is Kaveri Seed Company. These shares can be bought at Rs 1249.20 and sold at a target price of Rs 1320. There should be a stop loss at 1200.
2. Vimta Labs Ltd: The second recommendation for the day is Vimta Labs. These shares can be bought at Rs 1123.45 and sold at a target price of Rs 1200. Also remember to keep a stop loss at Rs 1085.
3. Welspun Corp Ltd: Another good stock to buy today is Welspun Corp. These shares can be purchased at Rs 872.1 and sold at a target price of Rs 930. Investors are also needed to put a stop loss at Rs 840.
4. Garware Technical Fibers Ltd: These stocks can be purchased at Rs 845.20 and target price to sell will be Rs 900. There should be a stop loss set at Rs 815.
5. Greenlam Industries Ltd: The last recommendation for today is Greenlam Industries. These shares can be purchased at Rs 586.10 and sold for a target price of Rs 620. It is also advised to keep a stop loss at Rs 565.
All the information given above is for informational purposes only. Indiahood does not give advice about buying or selling. Investors should consult their certified experts before making any investment-related decisions.
