Top Stock Picks for April 17: Sumeet Bagadia's Recommendations
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 17 April 2026
Mint
Image: Mint
On April 16, 2026, the Indian stock market saw modest losses, with the Nifty 50 closing at 24,196. Sumeet Bagadia from Choice Broking recommends five stocks for purchase: Neogen Chemicals, Astra Microwave, Senores Pharmaceuticals, Allied Blenders & Distillers, and IFCI, highlighting their bullish momentum and recommended targets.
- 01The Nifty 50 closed down 0.14% at 24,196 after failing to maintain gains.
- 02Sumeet Bagadia recommends five stocks to buy, indicating strong bullish trends.
- 03Neogen Chemicals is projected to reach ₹1610 with a stop loss at ₹1440.
- 04Astra Microwave has a target of ₹1150 with a stop loss at ₹1026.
- 05The banking index, Nifty Bank, closed down 0.38% at 56,086.40.
Advertisement
In-Article Ad
The Indian stock market experienced a slight decline on April 16, 2026, with the Nifty 50 closing at 24,196, down 0.14%. After a significant gain of 1.6% in the previous session, the market faced selling pressure, particularly around the 24,300 resistance level. Sumeet Bagadia, Executive Director at Choice Broking, noted that the Nifty Bank index also fell, closing at 56,086.40, down 0.38%. Despite this, Bagadia identified five stocks for investors to consider buying on April 17, citing their strong bullish trends. Neogen Chemicals is recommended at ₹1502, with a target of ₹1610 and a stop loss at ₹1440. Astra Microwave is suggested at ₹1074, targeting ₹1150 with a stop loss of ₹1026. Senores Pharmaceuticals, trading at ₹890, has a target of ₹955 and a stop loss at ₹847. Allied Blenders & Distillers is recommended at ₹540, with a target of ₹575 and a stop loss at ₹515. Lastly, IFCI is suggested at ₹60.73, targeting ₹65.5 with a stop loss at ₹57.6. Investors are advised to exercise caution and consult with certified experts before making investment decisions.
Advertisement
In-Article Ad
The recommendations from Bagadia could influence investor decisions, potentially leading to increased trading activity in the suggested stocks.
Advertisement
In-Article Ad
Reader Poll
Are you considering investing in the stocks recommended by Sumeet Bagadia?
Connecting to poll...
More about Choice Broking
Read the original article
Visit the source for the complete story.