Archive · 27 Aug 2026
Sumeet Bagadia Recommends Prestige Shares With ₹1,888 Target
Sumeet Bagadia of Choice Broking recommended Prestige shares as a stock to consider buying.
He made the recommendation for the Raksha Bandhan 2026 stock-pick theme.
He suggested buying near ₹1,642 and adding more if the price falls toward ₹1,615.
His price targets are ₹1,810 and ₹1,888.
He advised using ₹1,615 as a stop-loss level.
Bagadia said the share price has been recovering and is above important average-price lines.
The stock’s weekly RSI was about 58.05, which he said showed improving buying interest.
He also pointed to the stock’s recent gains and strong returns over three and five years.
Choice Broking’s Sumeet Bagadia named Prestige shares his top Raksha Bandhan stock pick for 2026.
He set an upside target range of ₹1,810–₹1,888 and a stop-loss at ₹1,615.
Bagadia said Prestige has a positive weekly-chart setup and trades above key moving averages.
The stock’s weekly RSI was around 58.05, indicating strengthening buying interest according to the recommendation.
Prestige shares gained over 2% in a week and 0.62% year to date, with three-year and five-year returns of 184.47% and 359%, respectively.
- Who
- Sumeet Bagadia of Choice Broking recommended Prestige shares.
- What
- He recommended buying Prestige shares with targets of ₹1,810–₹1,888 and a stop-loss at ₹1,615.
- When
- The recommendation was presented as a Raksha Bandhan 2026 stock pick; no exact publication date was stated.
- Why
- Bagadia cited a positive weekly technical setup, support from moving averages and trendlines, and favourable momentum.
- Brokerage firm
- Choice Broking
- Analyst
- Sumeet Bagadia
- Suggested entry
- Around ₹1,642
- Accumulation level
- Toward ₹1,615 on declines
- Target range
- ₹1,810–₹1,888
- Stop-loss
- ₹1,615
- Weekly RSI
- Approximately 58.05
- Key support zone
- ₹1,520