Sumeet Bagadia recommends five breakout stocks to buy

Sumeet Bagadia, an Executive Director at Choice Broking, has recommended five stocks to buy today. These stocks are Transformers and Rectifiers (India), Home First Finance Company India, General Insurance Corporation of India, PCBL Chemical, and Quess Corp. The Indian stock market, represented by the Sensex and Nifty 50 indexes, has been performing well. Both indexes have seen gains for five days in a row. The Nifty 50 rose significantly, closing at 23,350.4, a rise of 0.69%. The BSE Sensex also increased by 0.73%, reaching 76,905.51. This marks the highest levels for both indexes in six weeks. Bagadia believes that the positive trend in the market will continue. He mentioned that the Nifty could soon reach between 23,800 and 24,200. He encourages investors to look for stocks that show strength on technical charts and suggests considering breakout stocks for short-term trading. For investors looking to buy, here are Bagadia's recommendations with specific price targets and stop-loss levels: 1. Transformers and Rectifiers (India): Buy at ₹487.05, target ₹520, stop loss ₹470. 2. Home First Finance Company India: Buy at ₹1,104.6, target ₹1,180, stop loss ₹1,065. 3. General Insurance Corporation of India: Buy at ₹443.1, target ₹475, stop loss ₹425. 4. PCBL Chemical: Buy at ₹423.05, target ₹455, stop loss ₹410. 5. Quess Corp: Buy at ₹683.05, target ₹730, stop loss ₹655. Investors are advised to seek guidance from certified experts before making financial decisions, as the market can change quickly.