Sumeet Bagadia Recommends These 5 Breakout Stocks to Buy Today – 20 February 2025
Stock Market Overview: A Flat Close on February 19
Sumeet Bagadia Recommends : The Indian stock market ended on a flat note on Wednesday, February 19, 2025, as gains in financial stocks offset losses in the pharmaceutical sector. The BSE Sensex declined marginally by 28.21 points (0.04%), closing at 75,939.18, while the Nifty 50 slipped 12.40 points (0.05%) to settle at 22,932.90.
The market sentiment remains uncertain, with the Nifty 50 trading within a broader range of 22,800 to 23,300. According to Sumeet Bagadia, Executive Director at Choice Broking, investors should focus on stocks that demonstrate strong technical signals for breakout opportunities.
Sumeet Bagadia’s Stock Market Outlook
Sumeet Bagadia believes that the market is in a sideways trend, and a breakout above or below the current range will determine the next significant movement. He suggests that traders should look at breakout stocks for intraday and short-term trading, as they present good opportunities for profits.
“A bullish or bearish trend can be assumed if the Nifty 50 breaks above or below its current range. Until then, traders should focus on technically strong stocks showing breakout patterns,” says Bagadia.
Based on his analysis, he recommends five stocks that traders can consider buying today for potential gains.
Top 5 Stocks to Buy Today – 20 February 2025
1. Devyani International (NSE: DEVYANI)
- Buy at: ₹168.56
- Target Price: ₹182
- Stop Loss: ₹164
- Why Buy?
Devyani International has shown strong support at ₹164, and with rising volumes, the stock is positioned for an upward breakout. The stock has been trading above its 50-day moving average, signaling bullish momentum.
2. Elecon Engineering Company (NSE: ELECON)
- Buy at: ₹466.75
- Target Price: ₹500
- Stop Loss: ₹450
- Why Buy?
Elecon Engineering has formed a strong base around ₹450, and technical indicators show a bullish crossover in the Relative Strength Index (RSI). A breakout above ₹470 could trigger strong buying interest.
3. Caplin Point Laboratories (NSE: CAPLIPOINT)
- Buy at: ₹2,024.30
- Target Price: ₹2,166
- Stop Loss: ₹1,953
- Why Buy?
Caplin Point Laboratories is gaining momentum as the pharmaceutical sector looks to recover. The stock has given a breakout above its resistance level of ₹2,000, making it an attractive buy.
4. Tejas Networks (NSE: TEJASNET)
- Buy at: ₹802.60
- Target Price: ₹859
- Stop Loss: ₹775
- Why Buy?
Tejas Networks has bounced from a key support zone and is showing a strong uptrend. The stock has crossed its 200-day moving average, indicating a fresh bullish phase.
5. Rites (NSE: RITES)
- Buy at: ₹213.25
- Target Price: ₹228
- Stop Loss: ₹206
- Why Buy?
Rites is trading in a bullish channel, and a breakout above ₹215 could push the stock higher. The MACD indicator suggests strong buying momentum.
Financial Ratios of Recommended Stocks
| Stock Name | P/E Ratio | EPS (₹) | ROE (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|
| Devyani International | 52.3 | 3.21 | 12.5 | 22,400 |
| Elecon Engineering | 27.6 | 16.92 | 18.2 | 5,750 |
| Caplin Point Labs | 18.4 | 110.0 | 21.5 | 6,320 |
| Tejas Networks | 35.8 | 22.4 | 14.1 | 14,800 |
| Rites | 14.2 | 18.9 | 19.6 | 10,450 |
Market Trends & Takeaways
- The market remains range-bound, and a breakout above or below the 22,800–23,300 range will determine the next major move.
- Financial stocks are holding strong, while pharmaceutical stocks have faced pressure after U.S. President Donald Trump’s tariff threats.
- Technical indicators favor a bullish outlook for the five recommended stocks, provided key support levels are maintained.
- Traders should use proper stop losses and risk management while entering these trades.
Final Thoughts
For investors and traders looking for profitable opportunities in today’s market, Sumeet Bagadia’s top five breakout stock recommendations provide a strong entry point. With technical indicators signaling bullish trends, these stocks can offer good short-term returns if market sentiment remains stable.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.