Nifth 50 and Sensex have stayed positive consecutively. Nifty 50 recorded a 4.2% upward momentum on last Friday. How will the stock market perform today? Which stocks could break out and give you a good return? Let’s find out in today’s article.
Stocks to buy today by Sumeet Bagadia
According to Sumeet Bagadia, Executive Director of Choice Broking Indian Stock Market, sentiment has become positive after the Nifty 50 and BSE recorded their highest weekly gain of the past four years.
He Suggested 5 stocks that can break out today, with their entry price, selling price, and potential stop loss. Let’s find out more about this.
Stocks to buy today by Sumeet Bagadia
1. General Insurance Corporation of India: The first recommendation of the day is General Insurance Corporation of India. You can purchase these shares at Rs 443.1 and target to set at Rs 475. There should be a stop loss at Rs 425.
2. Transformers and Rectifiers India: Another Good stock you can purchase today is Transformers and Rectifiers. You can buy these shares at Rs 487.05 and Target to sell at Rs 520. Do remember to keep a stop loss at Rs 470.
3. Quess Corp: The third Recommendation of the day is Quess Corp. These shares can be bought at Rs 683.05 and sold at a target price of Rs 730. There should be a stop loss at Rs 655.
4. Home First Finance Company India: Another good stock which can breakout is Home First Finance. Investors can purchase these shares at Rs 1104.60 and sell at a target price of Rs 1180. Also, they should keep a stop loss at Rs 1065.
5. PCBL Chemical: The last recommendation of the day is PCBL Chemical. You can purchase these shares at Rs 423.05 and target to sell at Rs 455. Investors are also advised to keep a stop loss at Rs 410.
All the information given above is by individual analysts. Investors are advised to consult their certified experts before making any investment-related decision.
