Buy or Sell: Sumeet Bagadia Recommends — Adani Ports, IOC, Godrej Properties
Indian Stock Market Update
Sumeet Bagadia Recommends : On Friday, April 4, 2025, the Indian stock market closed on a slightly positive note, with benchmark indices showing marginal gains amidst volatile trading. The Nifty 50 index edged up by 12 points to close at 24,346, while the BSE Sensex ended 259 points higher at 80,501. The Bank Nifty also gained modestly, closing at 55,115.
Sector-wise, media, energy, IT, and oil & gas witnessed gains between 0.3% to 0.7%, whereas power, metal, telecom, pharma, realty, and consumer durables sectors ended in the red, declining by 0.5% to 2%.
Stock Market Outlook
According to Sumeet Bagadia, Executive Director at Choice Broking, the Indian stock market is currently range-bound between 24,200 and 24,600. He suggests traders and investors wait for a breakout from either end to confirm the next directional move. With Q4 earnings season heating up, Bagadia advises buying fundamentally strong stocks showing positive technical signals.
Here are three top stock picks for Monday, April 7, 2025, recommended by Sumeet Bagadia:
📈 1. Adani Ports – Bullish Reversal in Play
- Buy Price: ₹1,267.10
- Target: ₹1,400
- Stop Loss: ₹1,200
Adani Ports is showing signs of a strong technical recovery after witnessing a 37% correction from its recent highs. The stock has consolidated near its demand zone and is forming a Rounding Bottom pattern, typically considered a bullish reversal.
What adds to the conviction is the increase in trading volume and its price moving above all major EMAs (20, 50, and 200-day). The RSI is at 64.04, indicating rising bullish momentum.
If the stock sustains above ₹1,300, it could rally toward ₹1,400 in the short to medium term.
⚡ 2. Indian Oil Corporation (IOC) – Fresh Breakout Seen
- Buy Price: ₹143.28
- Target: ₹160
- Stop Loss: ₹135
IOC has formed a bullish candle on the daily chart and is breaking out from its consolidation range. Like Adani Ports, it also shows a Rounding Bottom pattern, hinting at a trend reversal.
The RSI is at 69.73, which indicates strong buying interest. Technically, the stock is trading above its key EMAs, and a breakout above ₹145 could trigger a rally to ₹160.
With volume picking up and strong technical indicators, IOC remains a promising pick for the week.
🏡 3. Godrej Properties – Set for a Breakout Rally
- Buy Price: ₹2,249.30
- Target: ₹2,540
- Stop Loss: ₹2,120
Godrej Properties is displaying a double bottom formation on the weekly chart—a classic bullish indicator. It’s also about to break out from an Ascending Triangle pattern, backed by rising volumes.
The RSI is trending upward at 57, suggesting strengthening momentum. A move above ₹2,270 would confirm the breakout, and the stock could then move toward ₹2,540.
The ₹2,200 zone offers a strong support level, making it a good buy-on-dips opportunity.
📊 Key Financial Ratios
Here is a comparative table of the financial health of the three recommended stocks:
| Company | P/E Ratio | ROE (%) | Debt to Equity | Market Cap (₹ Cr) | Dividend Yield (%) |
|---|---|---|---|---|---|
| Adani Ports | 28.5 | 16.2 | 1.21 | 273,500 | 0.45 |
| Indian Oil Corporation | 5.8 | 22.1 | 0.85 | 208,200 | 7.21 |
| Godrej Properties | 56.3 | 9.8 | 0.34 | 78,100 | 0.29 |
🧠 Q&A Section: Everything You Need to Know
Q1: Why did Sumeet Bagadia recommend these three stocks?
A: Because they are showing strong bullish patterns on the technical charts—like rounding bottoms and double bottoms—backed by rising volumes and RSI indicators, suggesting upside potential.
Q2: What is the stock market range to watch this week?
A: According to Bagadia, Nifty is likely to remain between 24,200 to 24,600. A breakout on either side will define the next trend.
Q3: Is Adani Ports a good buy now?
A: Yes, it has bounced from its demand zone and is showing a bullish reversal with a potential to reach ₹1,400.
Q4: What makes IOC attractive now?
A: IOC is breaking out from a consolidation range with high RSI and volume support. It’s trading above all key EMAs.
Q5: What chart pattern is visible in Godrej Properties?
A: It shows a Double Bottom and Ascending Triangle breakout pattern, both of which are bullish signals.
Conclusion
As we head into the week starting Monday, April 7, 2025, Sumeet Bagadia’s stock recommendations — Adani Ports, IOC, and Godrej Properties — appear promising based on their technical strength and favorable chart patterns. Traders looking for short to medium-term opportunities may consider these picks with proper risk management. Always remember to set stop-losses and keep an eye on broader market trends.
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