Bonanza flags 3 breakout stocks: BEML, Raymond, IFCI

business-standard.com — September 3, 2026 at 03:02 AM UTC

Bonanza's senior technical research analyst Kunal Kamble has recommended three breakout stocks to buy: BEML Ltd, Raymond Ltd, and IFCI Ltd. BEML broke above its ₹2,000 resistance, closing 3.16% higher at ₹2,032 with strong volume, with a buy range of ₹2025-2032, stop loss at ₹1,955, and target of ₹2,150. Raymond rose 5.03% to ₹667 on a consolidation breakout, with a buy range of ₹665-670, stop loss at ₹630, and target of ₹720. IFCI surged 9.29% to ₹98 past a multi-year resistance zone, with a buy range of ₹98-99, stop loss at ₹95, and target of ₹105-107. The recommendations are based on technical chart patterns, including volume expansion and moving average positions, but the views expressed are the analyst's own and readers are advised to exercise discretion.

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