Top Stock Picks for April 29: Sumeet Bagadia's Recommendations
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 29 April 2026
Mint
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On April 29, 2026, Sumeet Bagadia from Choice Broking recommended five stocks for investors amid ongoing market volatility. Despite a decline in major indices, these stocks, including Carborundum Universal and JSW Energy, show strong bullish momentum and potential for upside gains.
- 01Nifty 50 closed at 23,995, down 0.40% amid market volatility.
- 02Sumeet Bagadia recommends five stocks for potential gains.
- 03Carborundum Universal shows strong upward momentum with a target of ₹1050.
- 04JSW Energy is advised for purchase with a target of ₹630, indicating bullish trends.
- 05Investors are urged to wait for a decisive market breakout before making new positions.
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The Indian stock market faced downward pressure on April 28, 2026, with the Nifty 50 index closing at 23,995, down 0.40%, and the S&P BSE Sensex declining 0.54% to 76,886. Sumeet Bagadia, Executive Director at Choice Broking, highlighted a lack of clear market direction, noting that the Nifty is in a consolidation phase with immediate support between 23,750 and 23,800. Bagadia recommended five stocks for investors: Carborundum Universal, SJVN, Kirloskar Oil Engines, Lloyds Metals And Energy, and JSW Energy. Each stock shows strong technical indicators and potential for upside, with targets ranging from ₹630 for JSW Energy to ₹1050 for Carborundum Universal. Investors are advised to monitor market conditions closely and wait for a decisive breakout before committing to new positions.
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Investors may find opportunities in the recommended stocks despite current market volatility, potentially leading to profitable trades.
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