Categories: Finance

These 5 Stocks Could Skyrocket Soon — Sumeet Bagadia’s Top Picks for 17 June!

5 Stocks That Could Skyrocket Soon – Sumeet Bagadia’s Hot Picks

Let’s Talk Breakouts

You know those stocks that suddenly shoot up like crazy? The ones where your friend brags, “I bought it last week!”? Yeah, those are breakout stocks—basically shares that smash through their usual price ceilings. And when they do, things can get wild. Sumeet Bagadia—this sharp market guy who’s got a knack for spotting these early—just dropped his top 5 picks for June 17. We’re talking Thirumalai Chemicals, Parag Milk Foods, Mangalore Chemicals, Control Print, and VIP Industries. But here’s the thing: why these? Let’s break it down.

Breakout Stocks 101

Imagine a stock’s price is like a wrestler stuck in a ring with ropes. For months, it keeps hitting ₹100 and bouncing back. Then one day—boom—it breaks past ₹110 on huge volume. That’s a breakout. It means buyers are finally overpowering sellers. But timing is everything. Jump in too early, and you might get stuck in a fake breakout (happens more than you’d think). Wait too long? Miss the bus entirely. That’s where guys like Bagadia help—they read charts like fortune tellers.

Why Trust Bagadia?

Okay, full disclosure—I’m not his PR guy. But the numbers don’t lie. Last year, his breakout call on some boring chemical stock gave 40% returns in 3 months. His trick? Mixing chart patterns with actual business health. No rocket science, just common sense: strong sector + good finances + price momentum = potential winner. Still, always DYOR (that’s ‘do your own research’ for newbies).

The 5 Stocks on His Radar

1. Thirumalai Chemicals

Sector: Chemicals | Current Price: ₹XYZ | Market Cap: ₹ABC cr

This one’s been flatlining for weeks, but just punched through resistance. Chemical stocks are hot right now—government pushing local manufacturing and all. Bagadia’s betting on their margin improvement. Plus, volumes spiked during the breakout. That’s like a crowd rushing into a store during a sale—means serious interest.

2. Parag Milk Foods

Sector: FMCG | Current Price: ₹XYZ | Market Cap: ₹ABC cr

Dairy stocks are usually slow movers, but Parag’s playing smart. They’re shifting from plain milk to fancy cheese and protein shakes—higher margins. Chart shows a classic “higher lows” pattern. And let’s be real—Indians aren’t quitting milk anytime soon.

3. Mangalore Chemicals

Sector: Fertilizers | Current Price: ₹XYZ | Market Cap: ₹ABC cr

Rural demand is picking up, and monsoon forecasts look decent. Stock broke out with double the usual volume—big players buying, maybe? Valuation’s cheaper than rivals like Coromandel. Downside? Fertilizer is a subsidy-driven mess sometimes. High risk, high reward.

4. Control Print

Sector: Industrial | Current Price: ₹XYZ | Market Cap: ₹ABC cr

Never heard of them? They make those barcode printers for factories. Niche, but profitable. Stock was stuck between ₹400-450 for ages, just broke out. Low floating stock means small buying can push prices up fast. Bagadia loves the delivery volumes—real buying, not just speculation.

5. VIP Industries

Sector: Luggage | Current Price: ₹XYZ | Market Cap: ₹ABC cr

Post-COVID revenge travel is real. VIP’s charts show a 2-year downtrend broken last week. Their brand still rules airports, and input costs (plastic, metal) are cooling. My aunt swears by their suitcases—lasts decades. That brand power matters.

How to Play This

Here’s how I’d do it: wait for a slight dip after the breakout (called a ‘pullback’). Buy there, keep a stop-loss 5-7% below. Don’t go all-in—spread across 2-3 stocks. And for god’s sake, don’t panic-sell if one dips 3%. Breakouts need breathing room.

Watch Out For…

Market’s jittery these days. Fake breakouts? Happens. Maybe 1-2 of these will flop—that’s normal. Also, earnings season starts soon. If any company messes up results, even the prettiest chart won’t save it. Hedge your bets.

Final Thought

Bagadia’s picks make sense, but nothing’s guaranteed. If you’re new, maybe paper-trade first. Or just buy one stock to learn the game. Remember, even Warren Buffett started small.