5 Stocks to Buy Today: December 06, 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 06

1. Amber Enterprises (AMBER)

Amber Enterprises is involved in the business activities of Manufacture of air-conditioning machines, including motor vehicles air- conditioners. Company’s Total Operating Revenue is Rs. 2295.91 Cr. and Equity Capital is Rs. 33.69 Cr. for the Year ended 31/03/2021. Amber Enterprises India Ltd. is a Public Limited Listed company incorporated on 02/04/1990 and has its registered office in the State of Punjab, India.

AMBER Share Price Details for Today: 

- Current Market Price: Rs. 3,248

- Stop Loss: Rs. 3,175

- Target 1: Rs. 3,320

- Target 2: Rs. 3,400

- Holding Period: One 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.

2. Gujarat Alkalies (GUJALKALI)

Guj. Alkalie & C belongs to the Industry of Chemicals - Inorganic - Caustic Soda/Soda Ash. Company’s Total Operating Revenue is Rs. 2429.48 Cr. and Equity Capital is Rs. 73.44 Cr. for the Year ended 31/03/2021. Gujarat Alkalies & Chemicals Ltd. is a Public Limited Listed company incorporated on 29/03/1973 and has its registered office in the State of Gujarat, India.

GUJALKALI Share Price Details for Today: 

- Current Market Price: Rs. 651

- Stop Loss: Rs. 635

- Target 1: Rs. 668

- Target 2: Rs. 684

- 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.

3. BEML LTD (BEML)

Beml Ltd. is involved in the business activities of Manufacture of earth-moving machinery (bulldozers, angle-dozers, graders, scrapers, levellers, mechanical shovels, shovel loaders, off-road dumping trucks etc.). Company’s Total Operating Revenue is Rs. 3557.21 Cr. and Equity Capital is Rs. 41.77 Cr. for the Year ended 31/03/2021. BEML Ltd. is a Public Limited Listed company incorporated on 11/05/1964 and has its registered office in the State of Karnataka, India.

BEML Share Price Details for Today: 

- Current Market Price: Rs. 1,889

- Stop Loss: Rs. 1,845

- Target 1: Rs. 1,940

- Target 2: Rs. 2,015

- Holding Period: 1 week

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

4. Polyplex Corporation (POLYPLEX)

Polyplex Corpn. is involved in the business activities of Manufacture of plastics products. Company’s Total Operating Revenue is Rs. 1298.95 Cr. and Equity Capital is Rs. 31.97 Cr. for the Year ended 31/03/2021. Polyplex Corporation Ltd. is a Public Limited Listed company incorporated on 18/10/1984 and has its registered office in the State of Uttarakhand/Uttaranchal, India.

POLYPLEX Share Price Details for Today: 

- Current Market Price: Rs. 1,907

- Stop Loss: Rs. 1,860

- Target 1: Rs. 1,962

- Target 2: Rs. 2,022

- Holding Period: 1 week

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

5. Elgi Equipments (ELGIEQUIP)

Elgi Equipments is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs. 1100.17 Cr. and Equity Capital is Rs. 31.69 Cr. for the Year ended 31/03/2021. Elgi Equipments Ltd. is a Public Limited Listed company incorporated on 14/03/1960 and has its registered office in the State of Tamil Nadu, India.

ELGIEQUIP Share Price Details for Today: 

- Current Market Price: Rs. 296

- Stop Loss: Rs. 291

- Target 1: Rs. 302

- Target 1: Rs. 311

- Holding Period: 1 week

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

Share Market Today

SGX Nifty:

SGX Nifty indicates a flat opening for the Indian markets. SGX Nifty is trading at 17,244.50 levels, up 9.50 points. (Updated at 8:24 AM).

International Markets:

Asian Market:

Asian stocks were mixed, as concerns about the omicron COVID-19 variant persisted, and investors awaited US inflation data later in the week. Japan's benchmark Nikkei 225 fell 0.60% to trade at 27,860.14. Hong Kong's Hang Seng is trading down 1.23% at 23,474.14, while the Shanghai Composite trades up 0.31% at 3,618.79.

US Market:

US stocks closed lower on Friday, led by a sell-off in tech stocks, and Omicron weighed on the market sentiment. The Dow Jones Industrial Average closed down 59.71 points, or 0.17%, at 34,580.08; the S&P 500 closed down 38.67 points, or 0.84%, at 4,538.43; and the Nasdaq Composite closed down 295.85 points, or 1.92%, to 15,085.47.