Five Stock Recommendations of Sumeet Bagadia to Buy Today — 17 December

 

Executive Director at Choice Broking Sumeet Bagadia gave his best share buy recommendations on 17 December 2024. The stocks selected here hold technical strength as well as growth potential, which makes them ideal for investors who want to extract the most from their investments. Below is the list of stocks given by Sumeet Bagadia today, along with their target prices, stop-loss, and reasons.

Starting our top five stock picks of today!

1. Affle (India) Limited (AFFLE)

CMP: ₹1,852.45

Target Price: ₹1,950

Stop-Loss: ₹1,785

 

Why Is Affle (India) a Strong Buy?

Affle (India) Limited is growing exponentially in the digital advertising business. Since the company specializes in mobile application marketing and advertisements, it stands out as a niche market leader.

 

Technical Indicators:

The stock is trading above all major moving averages (20-day, 50-day, and 200-day EMA). This makes it a very bullish signal.

It stands at 71.25 in speaking terms of very strong buying momentum without any overbuying.

Recent Performance:

Affle has broken the key resistance level at ₹1,840 and now showing momentum to continue this trend.

Investment Strategy

Investors are advised to look for a buy at the current ₹1,852.45 level with a target of ₹1,950. Place very tight stop-loss at ₹1,785 for the risk-cutting.

 

2. Anant Raj Limited (ANANTRAJ)

CMP: ₹787.20

Target Price: ₹835

Stop-Loss: ₹760

Why Anant Raj is a top pick today?

Anant Raj Limited is one of the prominent realty players who have managed to capture the attention with the proper implementation of projects along with healthy balance sheets.

The stock has come out of all the critical resistances in the name of ₹ 780 and further continues its journey by forming higher highs and higher lows.

RSI is coming up with higher readings; hence buying interest can be sustained.

Growth Potential:

The company has a good scope for long-term growth with increasing demand in the real estate sector and a diversified portfolio.

Investment Strategy

Buy Anant Raj at ₹787.20 with a target of ₹835. Keep stop-loss at ₹760 to cap the downside risks.

3. Tata Steel (TATASTEEL)

CMP: ₹132.50

Target Price: ₹142

Stop-Loss: ₹127

Why Tata Steel Is a Buy Today?

Given that Tata Steel is one of the world's largest producers of steel, the demand from its end-users-from infra and automobiles-continues in an uptrend.

Technical Factors

The stock is near its short-term resistance yet sustained with aggressive buying interest.

MACD shows indication of the formation of a bullish crossover

Sector Outlook :

Now the Indian government will concentrate on infra-development work, which would raise demand for the production of steel and subsequently be good news for Tata Steel as far as its immediate achievement is concerned.

Investment Idea

Buy Tata Steel at ₹132.50; target ₹142. In case of sudden reversal of markets use stop loss at ₹127.

4. HDFC Bank (HDFCBANK)

CMP: ₹1,580

Target Price: ₹1,650

Stop Loss: ₹1,540

Why HDFC Bank is Suggested?

HDFC Bank is the banking industry leader and has an outstanding financial and innovation history.

 

It's trading above the 200-day EMA so it's bullish. RSI is at 63, some space without falling into the overbought condition. Fundamental Strengths: The digital plays of the bank have gone up with stable profit growth so an investment would be safe and rewarding. Investment Strategy

Buy HDFC Bank at ₹1,580, the target is ₹1,650. The Stop Loss is placed at ₹1,540 to arrest losses.

5. Infosys (INFY)

CMP: ₹1,280

Target Price: ₹1,350

Stop-Loss: ₹1,250

Why Infosys is a Buy?

Infosys happens to be one of the companies that would gain the results from the digital transformation that was coming across all industries.

Technical Indicators:

The stock is a breakout from the lower resistance level of ₹1,250 and it appears very high in demand.

Moving averages have taken a bullish position while MACD has given positive buy signals on the price momentum.

Sector Outlook

Infosys would be a big gainer as IT budgets are rising and international clients begin coming in for digital solutions.

Investment Strategy

Buy Infosys at ₹ 1,280, Tgt ₹ 1,350 SL ₹ 1,250; watch Q results for further directional cues.

Sumeet Bagadia stock picks for 17 December 2024 will be the best time for investors to cash in on the momentum in the market. Both technical and fundamental indicators of stocks like Affle, Anant Raj, Tata Steel, HDFC Bank, and Infosys are good, hence catering to both short-term traders and long-term investors.

Remember that though these recommendations are after thorough analysis, it's always important to evaluate your goals and risk appetite before investing. The key to a great portfolio is knowing and acting.

 

 FAQs

1. Are the shared recommendations by Sumeet Bagadia reliable?

Yes, Sumeet Bagadia is a seasoned market analyst whose recommendations are based on technical and fundamental analysis.

2. Should I buy all of the five shares recommended?

This depends on your investment strategy. You can diversify by picking a mix of stocks that align with your risk appetite and goals.

3. How long will the target prices take to meet?

Target prices are usually set for a short-term duration of (7-15 days) unless otherwise stated.

4. Can I keep these stocks for the long haul?

There are some stocks that would go best in the long-term portfolio, such as HDFC Bank and Infosys, while others are only short-term gainers.

5. How do I take care of risks in my investment?

I will always use stop-loss levels as recommended and diversify my investments to reduce risk.