Stocks to buy or sell: Cochin Shipyard to RVNL — Sumeet Bagadia recommends five breakout stocks today — May 24

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Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24The domestic benchmark indices, the Nifty 50 and the Sensex, set fresh closing highs on Thursday due to gains in banking stocks. The nation's budget deficit may be on the decline, as shown by the record dividend paid by the central bank to the government.The domestic equity indices reached a new peak on Thursday as the Nifty 50 closed over 22,900.Also Read: Stock market today: Trade setup for Nifty 50 to India VIX, five stocks to buy or sell on Friday — May 24The Nifty 50 closed 369.85 points, or 1.64%, higher at 75,418.04, while the Sensex surged 1,196.98 points, or 1.61%, to conclude at 22,967.65.Seasoned Executive Director at Choice Broking with a strong track record, Sumeet Bagadia has shared his professional advice on five breakout stocks that are now worth buying: Cochin Shipyard Ltd, Saregama India Ltd, Rail Vikas Nigam Ltd, Olectra Greentech Ltd, and Mazagon Dock Shipbuilders Ltd.1] Cochin Shipyard Ltd: Buy at ₹1,890.25, target ₹2,000, stop loss ₹1,825 ;2] Saregama India Ltd: Buy at ₹4,66.35, target ₹495 , stop loss ₹450;3] Rail Vikas Nigam Ltd (RVNL): Buy at ₹372.25, target ₹399, stop loss ₹360;4] Olectra Greentech Ltd: Buy at ₹1,808.70, target ₹2,010, stop loss ₹1,710; and5] Mazagon Dock Shipbuilders Ltd: Buy at ₹3,125.75, target ₹3,333, stop loss ₹3,020.Also Read: Dividend stocks: Vedanta, Tata Consumer Products, QGO Finance shares to trade ex-dividend on May 24The market is seeing a 1,000 point rebound from 21,800 levels as FIIs are positioning themselves in the long:short ratio, which is up from 26% longs, according to Soni Patnaik, Assistant Vice President, Equity Derivatives Research, JM Financial Services.