Top Stock Picks for Investors: Sumeet Bagadia's Recommendations for May 5, 2026
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 5 May 2026
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On May 4, 2026, the Indian benchmark indices, Sensex and Nifty 50, closed positively, with gains of 0.46% and 0.51%, respectively. Analyst Sumeet Bagadia recommends five stocks to buy on May 5, including Cholamandalam Investment and Fin Co and NESCO, citing strong bullish setups and specific target prices.
- 01Sensex rose by 356 points to close at 77,269.40.
- 02Nifty 50 gained 122 points, settling at 24,119.30.
- 03Sumeet Bagadia recommends five stocks, including Cholamandalam and NESCO.
- 04Cholamandalam has a target price of ₹1770 with a stop loss at ₹1564.
- 05The market shows cautious momentum amid profit booking and resistance levels.
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On May 4, 2026, the Indian benchmark indices, Sensex and Nifty 50, ended the day positively, with the Sensex up by 356 points (0.46%) at 77,269.40 and the Nifty 50 gaining 122 points (0.51%) to close at 24,119.30. Despite initial gains, profit booking emerged, particularly as crude oil prices rose by over 1%. Analyst Sumeet Bagadia from Choice Broking highlighted key resistance and support levels for both indices, advising traders to adopt a cautious approach. He recommends five stocks for purchase on May 5, including Cholamandalam Investment and Fin Co, which has a target price of ₹1770 and a stop loss set at ₹1564. Other recommendations include NESCO, Shivalik Bimetal Controls, Shipping Corporation of India, and General Insurance Corporation of India, each showing strong bullish setups and specific target prices. Bagadia emphasizes the importance of risk management with strict stop losses for each stock.
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Investors looking to buy stocks may find opportunities in the recommended shares, which are showing strong bullish trends. This could lead to potential gains for investors who manage their risks effectively.
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