Buy or Sell: Sumeet Bagadia Recommends 3 Stocks to Buy on Monday, 16 June 2025

By Admin

14 Jun, 2025

The Indian stock market continued its downward trajectory for the second consecutive session on Friday amid escalating geopolitical tensions. Both benchmark indices   Sensex and Nifty 50   ended the day with significant losses, reflecting the growing global risk-off sentiment due to the ongoing Israel-Iran conflict.

The Sensex plunged 573.38 points (0.70%) to close at 81,118.60, while the Nifty 50 dropped 169.60 points (0.68%) to end at 24,718.60. The Bank Nifty index also witnessed a sharp decline of 555.20 points (0.99%), settling at 55,527.35.

Weekly Market Recap

• Sensex: -1.30%
  
  

• Nifty 50: -1.13%
  
  

• Bank Nifty: -1.86%
  
  

Despite the pullback, the Nifty 50 managed to hold above the crucial 24,700 mark. However, experts are eyeing 24,500 as the next key support. Any breach below this level could trigger further selling pressure, warned Sumeet Bagadia, Executive Director at Choice Broking.

“The market sentiment has turned cautious. Nifty 50 has a new support at 24,000, but 24,500 looks vulnerable amid the Israel-Iran war buzz,” Bagadia said. “A close below 24,500 may weaken the market bias.”

Sumeet Bagadia’s Stock Picks for Monday, 16 June 2025

Amidst market uncertainty, Bagadia recommends three high-potential stocks for Monday's trade: Hindustan Aeronautics (HAL), Tech Mahindra, and Muthoot Finance.

🛩️ Hindustan Aeronautics (HAL)

• Buy at: ₹5,026
  
  

• Target: ₹5,530
  
  

• Stop Loss: ₹4,780
  
  

HAL has demonstrated strong bullish momentum, forming higher highs and higher lows   a classic bullish structure. The Relative Strength Index (RSI) at 57.83 signals growing momentum. The stock is trading above all key moving averages, indicating continued strength.

“With a strong support zone and breakout potential, HAL offers a compelling risk-reward trade. A breakout could lead to ₹5,530 in the near term,” Bagadia noted.

💻 Tech Mahindra

• Buy at: ₹1,659
  
  

• Target: ₹1,820
  
  

• Stop Loss: ₹1,590
  
  

Tech Mahindra has completed a bullish Cup and Handle pattern   a strong technical indicator of a reversal and upside continuation. The breakout is supported by rising volumes and momentum indicators, making it a strong contender for short- to medium-term gains.

“As long as the breakout zone holds, the stock is well-positioned for a rally toward ₹1,820,” Bagadia said.

🏦 Muthoot Finance

• Buy at: ₹2,598.70
  
  

• Target: ₹2,870
  
  

• Stop Loss: ₹2,460
  
  

Muthoot Finance has broken out of a prolonged consolidation range with significant momentum. The stock’s technical alignment and price structure suggest a strong uptrend continuation.

“With a breakout confirmation and rising momentum, Muthoot offers a lucrative trade toward ₹2,870 in the short term,” according to Bagadia.

Final Thoughts

Despite market volatility, selective stock picking backed by strong technical setups can offer lucrative opportunities. Sumeet Bagadia's recommended stocks   HAL, Tech Mahindra, and Muthoot Finance   present promising setups with favorable risk-reward ratios for the upcoming trading session on Monday, 16 June 2025.