5 Stocks to Buy Today: December 03, 2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today December 03

1. Gujarat Fluorochemicals (FLUOROCHEM)

Gujarat Fluorochem belongs to the Industry of Chemicals - Speciality - Others. Company’s Total Operating Revenue is Rs. 2523.61 Cr. and Equity Capital is Rs. 10.99 Cr. for the Year ended 31/03/2021. Gujarat Fluorochemicals Ltd. is a Public Limited Listed company incorporated on 06/12/2018 and has its registered office in the State of Gujarat, India.
 

FLUOROCHEM Share Price Details for Today: 

- Current Market Price: Rs. 2,315

- Stop Loss: Rs. 2,260

- Target 1: Rs. 2,375

- Target 2: Rs. 2,450

- Holding Period: One week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

2. Multi Commodity (MCX)

MCX is involved in the business activities of Administration of financial markets. Company’s Total Operating Revenue is Rs. 344.85 Cr. and Equity Capital is Rs. 51.00 Cr. for the Year ended 31/03/2021. Multi Commodity Exchange of India Ltd. is a Public Limited Listed company incorporated on 19/04/2002 and has its registered office in the State of Maharashtra, India.

MCX Share Price Details for Today: 

- Current Market Price: Rs. 1,643

- Stop Loss: Rs. 1,605

- Target 1: Rs. 1,685

- Target 2: Rs. 1,765

- Holding Period: 1 week

5paisa Recommendation: Recovery on cards in this stock is expected and thus making this stock as one of the best stocks to buy today.

3. Voltamp Transformers (VOLTAMP)

Voltamp Transformers is involved in the business activities of Manufacture of electric power distribution transformers, arc-welding transformers, fluorescent ballasts, transmission and distribution voltage regulators. Company’s Total Operating Revenue is Rs. 692.31 Cr. and Equity Capital is Rs. 10.12 Cr. for the Year ended 31/03/2021. Voltamp Transformers Ltd. is a Public Limited Listed company incorporated on 02/03/1967 and has its registered office in the State of Gujarat, India.

VOLTAMP Share Price Details for Today: 

- Current Market Price: Rs. 2,152

- Stop Loss: Rs. 2,095

- Target 1: Rs. 2,210

- Target 2: Rs. 2,315

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see strong volume in this stock hence making this stock best stock to buy.

4. Welspun Corp (WELCORP)

Welspun Corp is involved in the business activities of Casting of iron and steel. Company’s Total Operating Revenue is Rs. 4642.11 Cr. and Equity Capital is Rs. 130.44 Cr. for the Year ended 31/03/2021. Welspun Corp Ltd. is a Public Limited Listed company incorporated on 26/04/1995 and has its registered office in the State of Gujarat, India.

WELCORP Share Price Details for Today: 

- Current Market Price: Rs. 170

- Stop Loss: Rs. 166

- Target 1: Rs. 174

- Target 2: Rs. 181

- Holding Period: 1 week

5paisa Recommendation: Sideways move to end in stock and thus making this stock as one of the best stocks to buy today.

5. Neogen Chemicals (NEOGEN)

Neogen Chemicals is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 336.42 Cr. and Equity Capital is Rs. 23.33 Cr. for the Year ended 31/03/2021. Neogen Chemicals Ltd. is a Public Limited Listed company incorporated on 07/03/1989 and has its registered office in the State of Maharashtra, India.

NEOGEN Share Price Details for Today: 

- Current Market Price: Rs. 1,511

- Stop Loss: Rs. 1,470

- Target 1: Rs. 1,556

- Target 1: Rs. 1,625

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

Share Market Today

SGX Nifty:

SGX Nifty indicates a negative opening for the Indian markets. SGX Nifty is trading at 17,411 levels, down 28.90 points. (Updated at 8:34 AM).

International Markets:

Asian Market:

Asian shares were trading lower as investors continued to assess the risks of the new omicron COVID-19 variant. Japan's benchmark Nikkei 225 fell 0.22% to trade at 27,692.34. Hong Kong's Hang Seng is trading down 1.03% at 23,543.56, while the Shanghai Composite trades flat-to-positive up 0.13% at 3,578.59.

US Market:

US Stocks closed higher, recovering ground lost over recent sessions as market participants grabbed up bargains while analysing the implications of a shifting pandemic. The Dow Jones Industrial Average rose 617.75 points, or 1.82%, to 34,639.79; the S&P 500 gained 64.06 points, or 1.42%, to 4,577.10; and the Nasdaq Composite gained 127.27 points, or 0.83%, to 15,381.32.