Amid current market conditions, Sumeet Bagadia has identified five breakout stocks for potential purchase: Jindal Steel, Sapphire Foods India, Gujarat State Petronet, Devyani International, and Steel Authority of India. Jindal Steel, trading near 1,053.80, shows a bullish reversal, trading above key EMAs. Bagadia suggests buying at current levels with a target of 1,145 and a stop loss at 1,008, emphasizing risk management.