Sumeet Bagadia Recommends These 5 Breakout Stocks to Buy Today – 7 March 2025
Sumeet Bagadia : The Indian stock market witnessed a strong rally on 7 March 2025, with key indices Sensex and Nifty 50 closing significantly higher. The upward momentum was driven by gains in heavyweight stocks and favorable global cues, including a drop in crude oil prices and US President Donald Trump’s softened stance on tariffs.
The BSE Sensex surged over 610 points, reclaiming the 74,000 mark and settling at 74,340.09. Meanwhile, the Nifty 50 advanced by 207.40 points, closing above 22,500. Sensex registered its second consecutive session of gains, touching an intraday high of 74,390.80. The broader Nifty index also jumped 219.15 points (0.98%), reaching an intraday peak of 22,556.45.
Market Outlook: Positive Momentum Continues
Amid global market fluctuations and sharp movements in Wall Street indices, Indian markets have shown resilience. The S&P 500 dipped by 1.8%, while the tech-heavy Nasdaq 100 dropped 2.8%, nearing a technical correction. The US dollar also recorded its longest losing streak since September.
Back home, market analysts believe the Indian market is poised for further gains if Nifty sustains above the 22,300 mark.
According to Sumeet Bagadia, Executive Director at Choice Broking, “The market continued its positive trend after initial volatility and managed to close above the 22,500 zone, improving overall sentiment. Broader market participation has been significant, and if the trend sustains, we could see Nifty touching 22,800–23,000 levels soon.”
Top 5 Breakout Stocks to Buy Today
For investors looking to capitalize on market momentum, Sumeet Bagadia has recommended five breakout stocks for 7 March 2025. These stocks have exhibited strong technical patterns and potential for further upside.
| Stock Name | Buy Price (₹) | Target Price (₹) | Stop Loss (₹) | PE Ratio | EPS (₹) | Market Cap (₹ Cr.) |
|---|---|---|---|---|---|---|
| Chemplast Sanmar | 446.80 | 469 | 431 | 22.5 | 19.8 | 7,800 |
| Poly Medicure | 2,320.30 | 2,483 | 2,239 | 38.2 | 60.8 | 22,500 |
| DOMS Industries | 2,729.90 | 2,921 | 2,634 | 30.5 | 45.2 | 9,500 |
| Rhi Magnesita India | 421.45 | 451 | 407 | 26.3 | 22.5 | 6,200 |
| Axiscades Technologies | 780 | 835 | 752 | 18.9 | 41.7 | 3,800 |
Why These Stocks?
1. Chemplast Sanmar (Buy at ₹446.80)
Chemplast Sanmar is witnessing strong buying interest, backed by robust fundamentals and increasing demand for specialty chemicals. With a target price of ₹469, the stock is expected to break out further.
2. Poly Medicure (Buy at ₹2,320.30)
Poly Medicure, a leading player in the medical equipment sector, is showing strong technical signals. The stock is trading at ₹2,320.30, with a potential upside to ₹2,483.
3. DOMS Industries (Buy at ₹2,729.90)
DOMS Industries, a fast-growing consumer brand, has been in an uptrend, supported by increasing sales. The stock is poised to touch ₹2,921, offering a good risk-reward ratio.
4. Rhi Magnesita India (Buy at ₹421.45)
A key player in the refractory industry, Rhi Magnesita India is positioned well for long-term growth. The recommended target is ₹451, making it an attractive pick.
5. Axiscades Technologies (Buy at ₹780)
Axiscades Technologies, a technology and engineering services firm, is showing strong bullish momentum. With a target of ₹835, the stock has significant upside potential.
Conclusion: Should You Invest?
With Sensex and Nifty 50 maintaining their upward trajectory, the market sentiment remains positive. Sumeet Bagadia’s stock picks offer a combination of growth potential and technical strength, making them ideal choices for short-term investors and traders.
However, investors should closely monitor global market cues, crude oil trends, and US economic data, which can influence the Indian market movement. It is advisable to follow proper risk management strategies, including setting stop-loss levels, before making investment decisions.
Keep an eye on these breakout stocks and stay tuned for more updates on market trends!
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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.