Breakout stocks to buy or sell: Domestic benchmark indices, the Nifty 50 and Sensex, ended higher on Wednesday, mirroring gains in global markets as investors awaited the US Federal Reserve’s interest rate decision. Market sentiment also improved on hopes of a possible US-China trade deal.
The Nifty 50 rose 0.45 per cent to 26,053.9, while the Sensex advanced 0.44 per cent to 84,997.13. Both indices finished less than 1 per cent below their record highs reached in September 2024.
Sumeet Bagadia’s breakout stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive as the Nifty 50 index is sustaining above 26,000 levels.
Speaking on the outlook of the Indian stock market, Bagadia said, “ For further improvement of Dalal Street bias, the key benchmark index needs to break above the immediate hurdle placed at 26,300 on a closing basis. So, one should maintain stock-specific approach and look at those stocks that are looking 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: PDS, Allied Blenders and Distillers, Krishna Institute Of Medical Sciencs, SRM Contractors, and Vintage Coffee and Beverages.
1] PDS: Buy at ₹346, target ₹370, stop loss ₹333;
2] Allied Blenders and Distillers: Buy at ₹646, target ₹690, stop loss ₹625;
3] Krishna Institute Of Medical Sciencs: Buy at ₹735, target ₹790, stop loss ₹710;
4] SRM Contractors: Buy at ₹567, target ₹610, stop loss ₹550;
5] Vintage Coffee and Beverages: Buy at ₹167.3, target ₹180, stop loss ₹161.
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.
