Breakout stocks to buy or sell: The benchmark indices — BSE Sensex and Nifty 50 — fell for the sixth consecutive session on Friday, September 26, as renewed US tariffs on pharmaceuticals and continued selling by foreign portfolio investors (FPIs) dampened market sentiment.
The Sensex ended the day at 80,426.46, down 733.22 points, or 0.90 per cent, while the Nifty 50 slipped 236.15 points, or 0.95 per cent, to close at 24,654.70.
For the week, the Sensex declined 2.66 per cent, and the Nifty recorded a 2.65 per cent drop.
Sumeet Bagadia’s breakout stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market bias has gained strength as the Nifty 50 index gained further after closing above 25,000 levels.
Speaking on the outlook of Indian stock market, Bagadia said, “The index is facing a hurdle at 25,300. The first few hours of the Monday session would be crucial. If the 50-stock index breaks above this resistance on a closing basis, we can expect the key index to touch 25,800 levels. So, one should look at those stocks that look strong on the technical chart. Looking at breakout stocks can be a good option.”
Stocks to buy today
Sumeet Bagadia recommends five breakout stocks to buy today: Hemisphere Properties India, Gandhi Special Tubes, E2E Networks, Dr. Agarwal’s Health Care, and Lumax AutoTechnologies.
1] Hemisphere Properties India: Buy at ₹168, target ₹180, stop loss ₹162;
2] Gandhi Special Tubes: Buy at ₹927, target ₹1000, stop loss ₹895;
3] E2E Networks: Buy at ₹3450, target ₹3700, stop loss ₹3344;
4] Dr. Agarwal’s Health Care: Buy at ₹488, target ₹525, stop loss ₹470;
5] Lumax AutoTechnologies: Buy at ₹1298, target ₹1400, stop loss ₹1250.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
