According to Sumeet Bagadia, Executive Director at Choice Broking, the Indian stock market is trading flat after any significant trigger. However, the Choice Broking expert maintained that overall Dalal Street bias is positive until the Nifty 50 index trades above 24,000.He suggested that investors look at breakout stocks as some still look strong in the chart pattern.
Sumeet Bagadia’s stock recommendations for today
When asked about the breakout stocks to buy today, Sumeet Bagadia recommended buying RVNL, RCF, Eveready Industries, Alembic, and HPL.
1] RVNL: Buy at ₹566, target ₹599, stop loss ₹545;
2] RCF: Buy at ₹228.40, target ₹240, stop loss ₹220;
3] Eveready Industries: Buy at ₹403.65, target ₹425, stop loss ₹388;
4] Alembic: Buy at ₹130.65, target ₹137, stop loss ₹125; and
5] HPL: Buy at ₹487.65, target ₹510, stop loss ₹470.
Godrej Industries
Promoter entities of Godrej Industries Ltd. exchanged shares worth Rs 3,800 crore via open market deals on Monday. RKN Enterprises sold 4.25 crore shares for Rs 893.05 apiece, as per block deal data on the BSE. The aggregate deal value stands at Rs 3,800 crore.
Senco Gold
It reported retail sales growth of 11 per cent and same-store sales growth of 4 per cent in the first quarter of fiscal 2025, according to its business update issued on Monday. The average transaction value and average selling price were reported to have risen by 12 per cent. The total sales growth was 9 per cent YoY in the first quarter of fiscal 2025 (including exports, e-commerce, corporate, digital products and more).