Sumeet Bagadia's Stock Picks for April 6, 2026: Tata Consumer, BEL, and ACME Solar
Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 6 April 2026
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On April 6, 2026, Sumeet Bagadia from Choice Broking recommended buying Tata Consumer Products, BEL, and ACME Solar Holdings as the Indian stock market shows signs of recovery after recent volatility. The Nifty 50 index is facing resistance at 22,800 and support at 22,500, indicating cautious optimism among investors.
- 01Sumeet Bagadia recommends three stocks: Tata Consumer Products, BEL, and ACME Solar Holdings.
- 02The Nifty 50 index has support at 22,500 and resistance at 22,800.
- 03The Indian stock market faced volatility due to geopolitical tensions and rising crude oil prices.
- 04Tata Consumer Products shows a bullish reversal pattern, while BEL maintains a strong uptrend.
- 05ACME Solar Holdings is recovering from a corrective phase, indicating potential for an uptrend.
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The Indian stock market experienced significant volatility in the last week of March 2026, influenced by geopolitical tensions, rising crude oil prices, and foreign institutional investor (FII) outflows. The Sensex fell by 1,635 points (2.22%), while the Nifty dropped 2.14%. However, the new fiscal year (FY27) began with a rebound, with the Sensex gaining 1.65% and the Nifty rising 1.56% amid hopes for de-escalation in the US-Iran conflict. Despite this, uncertainty returned, leading to a mixed market sentiment. Sumeet Bagadia, Executive Director at Choice Broking, noted that the Nifty 50 index has support at 22,500 and resistance at 22,800. He recommended three stocks for investors: Tata Consumer Products, currently trading at ₹1042, with a target of ₹1105; BEL at ₹421, targeting ₹450; and ACME Solar Holdings at ₹274, with a target of ₹294. Each stock shows signs of potential recovery or continued uptrend, making them attractive options for investors.
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Investors may find opportunities in the recommended stocks, potentially leading to gains as the market stabilizes. The recommendations reflect a cautious optimism in the face of recent volatility.
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