These are the Sumeet Bagadia shares you should buy today

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market may react positively after Jerome Powell reiterated the US Federal Reserve’s rate cut at the US Federal Reserve’s September meeting. The Choice Broking expert said the Nifty 50 index may soon touch the 25,000-mark after breaking the immediate hurdle in the 24,800-24,850 range.

However, the Choice Broking expert advised stock market investors to choose their stocks with caution as most of the indices are trading at higher levels. He advised them to stick to stock-specific trades and watch out for breakout stocks during intraday trading. Talking about the stocks to buy today, Sumeet Bagadia recommended buying these five breakout stocks: SMS Pharma, Rane Engine, Albert David, PCBL and Uflex.

Sumeet Bagadia’s stock recommendations for today

1) SMS Pharmaceuticals: Buy at ₹357, Target ₹377, Stop Loss ₹345;

2) Rane Engine: Buy at ₹646, Destination ₹680, Stop Loss ₹623;

3) Albert David: Buy at ₹1439, Destination ₹1505, Stop Loss ₹1385;

4) PCBL: Buy at ₹500, target ₹526, Stop Loss ₹482; and

5) Uflex: Buy at ₹844.80, target ₹892, Stop Loss ₹817.

Disclaimer: The views and recommendations above are those of individual analysts or brokerage firms and not of Mint. We advise investors to seek advice from certified professionals before making any investment decisions.