As we enter the New Year, investors are keen to identify breakout stocks that can offer promising returns. Sumeet Bagadia, Executive Director at Choice Broking, has provided his recommendations for five stocks to consider buying today. In this article, we will delve into these suggestions and analyze the current market conditions.
Current Market Overview
The Indian stock market is experiencing a cautious sentiment as it begins 2025. The Nifty 50 index closed flat at 23,644.80 points, slightly down from 23,644.90 points on Tuesday. Meanwhile, the BSE Sensex ended the previous session at 78,139.01 points, reflecting a decline of 0.14% from its prior close of 78,248.13 points. This market behavior indicates a need for careful stock selection as investors navigate potential volatility.
Market Range Outlook
Sumeet Bagadia believes that the Nifty will remain within a broad range of 23,250 to 23,850 points today. The index has shown strong support around 23,250 points, while facing significant resistance at the 200-day exponential moving average (DEMA) of 23,850 points. This range suggests that traders should adopt a stock-specific approach when making investment decisions.
Recommended Breakout Stocks
Here are Sumeet Bagadia’s top five breakout stocks to buy today:
1. Pix Transmissions Ltd. (PIXTRANS)
- Buy Price: ₹2,508
- Target Price: ₹2,666
- Stop Loss: ₹2,420
Pix Transmissions has shown consistent growth in its operational performance and is expected to continue this trend in 2025.
2. Associated Alcohols & Breweries Ltd. (ASALCBR)
- Buy Price: ₹1,103.25
- Target Price: ₹1,170
- Stop Loss: ₹1,065
With a robust portfolio in the alcoholic beverages sector, Associated Alcohols & Breweries is well-positioned for growth as consumer demand increases.
3. Latent View Analytics Ltd. (LATENTVIEW)
- Buy Price: ₹489.5
- Target Price: ₹525
- Stop Loss: ₹470
Latent View Analytics specializes in data analytics and consulting services and is expected to benefit from the growing emphasis on data-driven decision-making in businesses.
4. Sudarshan Pharma Industries Ltd. (SUDARSHAN)
- Buy Price: ₹44
- Target Price: ₹48
- Stop Loss: ₹42
Sudarshan Pharma Industries has a strong foothold in the pharmaceutical sector and is likely to see increased demand for its products in the coming year.
5. Premier Polyfilm Ltd. (PREMIERPOL)
- Buy Price: ₹73.9
- Target Price: ₹81
- Stop Loss: ₹71
Premier Polyfilm operates in the packaging industry and is poised for growth as demand for sustainable packaging solutions rises.
Conclusion
As we kick off 2025, Sumeet Bagadia’s recommendations provide valuable insights for investors looking to capitalize on breakout stocks in the Indian market. With the Nifty trading within a defined range and potential volatility ahead, focusing on these specific stocks could yield favorable outcomes.
Disclaimer: This article is intended for informational purposes only and does not constitute financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions. Investments in securities are subject to market risks; read all related documents carefully before investing.
