By Soumya Ranjan 
Sumeet Bagadia suggested purchasing the following five breakout stocks today: TAJ GVK Hotels and Resorts, Hikal, Kiri Industries, Bharti Hexacom, and Jindal Drilling and Industries.
Breakout stocks to buy or sell: On Tuesday, March 11, the Indian stock market indices, the Sensex and Nifty 50, ended the day mixed due to growing apprehension about the economic effects of US President Donald Trump’s tariff policies.
The Sensex oscillated between an intraday high of 74,195.17 and a low of 73,663.60, beginning at 73,743.88, which was lower than its previous close of 74,115.17. At 74,102.32, the 30-share index ended the day slightly lower by 13 points, or 0.02%.
In the meantime, the Nifty 50 saw a high of 22,522.10 and a low of 22,314.70 during the session, opening at 22,345.95 as opposed to its previous close of 22,460.30. At 22,497.90, the index ended the day up 38 points, or 0.17%.
The breakout stock recommendations of Sumeet Bagadia
As the Nifty 50 index recovered from the support level and ended near 22,500, Sumeet Bagadia, Executive Director at Choice Broking, thinks that the general mood of the Indian stock market has subsided.
“This has established a positive conviction for the frontline index inching close to 22,800 soon,” Bagadia said when discussing the outlook for the Indian stock market. But only after the 50-stock index makes a clear break above 23,000 can a bull trend be presumed. Investors are therefore encouraged to stick to a stock-specific strategy and focus on stocks that appear to be performing well on the technical chart. Examining breakout stocks may be a wise choice.
Sumeet Bagadia recommended buying these five breakout shares to buy today –
Jindal Drilling and Industries, Bharti Hexacom, Kiri Industries, Hikal and TAJ GVK Hotels and Resorts.
Invest in Jindal Drilling and Industries stocks today: purchase at ₹949, target at ₹1020, and stop loss at ₹920;
2] Bharti Hexacom: Purchase at ₹1460, aim for ₹1555, and exit at ₹1410;
3. Kiri Industries: Purchase at ₹601.95, aim for ₹660, and exit at ₹585;
4] Hikal: Purchase at ₹390.95, aim for ₹416, and exit at ₹377;
5] TAJ GVK Hotels and Resorts: Purchase at ₹500.95, aim for ₹535, and exit at ₹485.
Disclaimer: This analysis does not represent the opinions of Times of Dalal Street; rather, it represents the opinions of individual analysts or broking firms. Since market conditions can fluctuate quickly and individual circumstances can differ, we strongly advise investors to seek advice from certified experts before making any investment decisions.
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