Breakout Stocks: Sumeet Bagadia's Top 5 Buy Recommendations for October 24, 2025
On October 24, 2025, Indian markets opened with cautious optimism amid profit-booking from the previous session, as the Nifty 50 hovered between 25,900 and 26,300. Sumeet Bagadia, Executive Director at Choice Broking, shared his technical analysis in a Livemint column, highlighting five breakout stocks poised for upside momentum. These picks are based on fresh chart breakouts, strong volume, and bullish patterns like ascending triangles or support retests. Bagadia advises a stock-specific approach, emphasizing intraday and short-term trades while maintaining strict stop-losses to manage volatility.
Bagadia's overall market view: "The Indian stock market sentiment is cautiously positive despite strong profit-booking on Thursday. The Nifty 50 index finished below 26,000 after a profit-booking trigger around the 26,300 levels." He sees potential for Nifty to rebound toward 26,300 if it holds above 25,900, but warns of downside risks below 25,700.
Recommended Stocks to Buy
Here's the breakdown of Bagadia's five picks, including buy price (current levels as of market open on October 24), target prices, and stop-loss levels. All are recommended for buying on dips, with targets based on resistance breakouts. Prices are in ₹ per share; data sourced from NSE/BSE intraday quotes.
| Stock Name | Buy Price (₹) | Target Price (₹) | Stop-Loss (₹) | Rationale |
|---|---|---|---|---|
| Pearl Global Industries Ltd (PGIL) | 145-147 | 160-165 | 140 | Strong breakout above 145 resistance with high volume; bullish cup-and-handle pattern signals 10-12% upside. Positive textile sector tailwinds. |
| Shipping Corporation of India Ltd (SCI) | 285-290 | 310-320 | 275 | Retested 280 support successfully; ascending channel intact amid global shipping recovery. Targets key 300 resistance. |
| Laurus Labs Ltd | 520-525 | 560-570 | 505 | Pharma breakout from consolidation; RSI above 60 indicates momentum. Q2 earnings boost expected to drive gains. |
| Garuda Construction & Engineering Ltd | 95-97 | 105-110 | 90 | Infrastructure play with fresh volume surge; broke 95 multi-month high. Government capex focus supports 10% rally. |
| Prudent Engineering & Infrastructure Development Ltd (Prudent) | 620-625 | 680-700 | 600 | Engineering sector leader showing inverse head-and-shoulders; targets Fibonacci extension levels on sustained volume. |
Key Trading Tips from Bagadia
- Entry Strategy: Enter on pullbacks to buy zones for better risk-reward. Avoid chasing highs.
- Risk Management: Use stop-losses religiously; trail them upward on profitable trades.
- Time Horizon: Ideal for intraday to 1-2 week holds, aligning with Nifty's range-bound action.
- Market Context: With Q3 earnings underway and US Fed signals in focus, focus on sectors like shipping, pharma, and infra for resilience.
These are technical recommendations and not financial advice—consult a certified advisor and consider fundamentals. For live updates, track via Choice Broking or NSE. Markets can be volatile; trade at your own risk.
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