Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 12 May 2025
During the week, the BSE Sensex dropped by 1,047.52 points or 1.30%, while the Nifty fell by 338.7 points or 1.39%. The sharp decline in benchmark indices was primarily driven by escalating conflict, including reports of drone and missile attacks.
Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment has turned cautious as the Nifty 50 index has closed below 50-DEMA support placed at 24,050.
Speaking on the outlook of Indian stock market, Bagadia said, 'The benchmark index support has now slipped around 23,800 levels. On the upper side, the 50-stock index is facing hurdle at 23,400. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Breakout stocks can be a good option for intraday trading."
Sumeet Bagadia recommends five shares to buy today — NDR Auto Components, SJS Enterprises, Faze Three, Apollo Tyres, and Manorama Industries.
1] NDR Auto Components: Buy at ₹ 732, target ₹ 780, stop loss ₹ 705;
2] SJS Enterprises: Buy at ₹ 1015, target ₹ 1090, stop loss ₹ 975;
3] Faze Three: Buy at ₹ 599, target ₹ 640, stop loss ₹ 580;
4] Apollo Tyres: Buy at ₹ 130.3, target ₹ 140, stop loss ₹ 125;
5] Manorama Industries: Buy at ₹ 1297.5, target ₹ 1400, stop loss ₹ 1250.
Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
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