Sumeet Bagadia's Top Five Stock Picks Following Market Rebound
Stocks to buy: Sumeet Bagadia recommends five breakout stocks after stock market rebound
Mint
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After a recent recovery in the Indian stock market, Sumeet Bagadia, Executive Director at Choice Broking, recommends five stocks for investors: CCL Products (India) Ltd, ACME Solar Holdings Ltd, Vardhman Textiles Ltd, Bliss GVS Pharma Ltd, and Lumax Auto Technologies Ltd. Each stock shows strong bullish momentum with specific target prices and stop-loss levels.
- 01Nifty 50 index closed at 22,713.1, up 0.15% amid a volatile market.
- 02Sumeet Bagadia recommends five stocks showing strong bullish trends.
- 03CCL Products (India) Ltd has a target price of ₹1,163 with a stop-loss at ₹1,030.
- 04ACME Solar Holdings Ltd is targeted at ₹294 with a stop-loss at ₹264.
- 05Vardhman Textiles Ltd is projected to reach ₹575 with a stop-loss at ₹513.
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On April 2, 2026, the Nifty 50 index of the Indian stock market closed at 22,713.1, marking a 0.15% increase after recovering from earlier declines. This rebound was attributed to a stronger rupee and buying interest despite ongoing geopolitical uncertainties. Sumeet Bagadia, Executive Director at Choice Broking, provided insights into the market and recommended five stocks for potential investment. He highlighted CCL Products (India) Ltd, suggesting a buy at ₹1,093 with a target of ₹1,163 and a stop-loss at ₹1,030. ACME Solar Holdings Ltd is advised at ₹274, aiming for ₹294 with a stop-loss at ₹264. Vardhman Textiles Ltd is recommended at ₹536, targeting ₹575 and a stop-loss of ₹513. Other recommendations include Bliss GVS Pharma Ltd at ₹234 (target ₹250, stop-loss ₹220) and Lumax Auto Technologies Ltd at ₹1,614 (target ₹1,735, stop-loss ₹1,535). Bagadia emphasized the importance of monitoring support and resistance levels in light of market volatility.
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Investors may find opportunities for profit in the recommended stocks, particularly if they align with Bagadia's technical insights. Monitoring support and resistance levels can help manage risks effectively.
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