Top Stock Picks for Today: Sumeet Bagadia Recommends 5 Shares to Buy on February 28, 2025

Shares to buy today: The loss of wealth to Indian markets and investors remained in place for the seventh consecutive day on Thursday. Its Nifty 50 index ended slightly lower at 22,545 levels The BSE Sensex increased 10 points before closing at 74,612. The Bank Nifty index ended 135 points higher, at 48,743.

Sumeet Bagadia breakout stocks recommendations

Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian bias towards the market is not strong enough. In the event that it is the case that Nifty 50 index breaks its current level of support, which is at 22,500 mark, it might attempt to break through the 22,300 to 22250 levels. This Choice Broking expert said Dalal Street bias could improve when the index on the frontline breaks above 22,800 on a closed basis.

Commenting on the outlook of today's Indian Stock market today, Sumeet Bagadia said, "Overall the Indian stock market is subdued as long as the Nifty 50 index drops lower than 22,800. There is a selling pressure that will increase when you see the Nifty 50 index falls below the current support of 22,500. The index on the frontline could be able to test the 22,300-22250 levels following a decisive break below 22,500 levels.

Concerning breakout stocks that are worth buying in the present, Sumeet Bagadia recommended buying the following five companies: Shriram Finance, India Shelter Finance Corporation, Cholamandalam Financial Holdings, Narayana Hrudayalaya and Redington.

Stocks to Buy Today

1] Shriram Finance share price at Rs606.80 Target Rs650 Stop loss Rs585,

2] India Shelter Finance Corporation: Buy at Rs721.05 Target Rs765 Stop loss Rs695;

3] Cholamandalam Financial Holdings: Buy at Rs1636.20, target Rs1760, stop loss Rs1580;

4] Narayana Hrudayalaya share price at Rs1491, target Rs1580, stop loss Rs1440; and

5] Redington: Buy at the price of Rs251, with target Rs266 Stop loss of Rs242.