5 Stocks to Buy Today: December 07, 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 07

1. 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. 2,014

- Stop Loss: Rs. 1,960

- Target 1: Rs. 2,070

- Target 2: Rs. 2,138

- 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. Vimta Labs (VIMTALABS)

Vimta Labs Ltd. belongs to the Industry of Hospitals & Medical Services. Company’s Total Operating Revenue is Rs. 209.05 Cr. and Equity Capital is Rs. 4.42 Cr. for the Year ended 31/03/2021. Vimta Labs Ltd. is a Public Limited Listed company incorporated on 16/11/1990 and has its registered office in the State of Telangana, India.

VIMTALABS Share Price Details for Today: 

- Current Market Price: Rs. 421

- Stop Loss: Rs. 410

- Target 1: Rs. 433

- Target 2: Rs. 450

- Holding Period: 1 week

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

3. Poonawalla Fincorp (POONAWALLA)

Poonawalla Fincorp is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 1848.73 Cr. and Equity Capital is Rs. 53.92 Cr. for the Year ended 31/03/2021. Poonawalla Fincorp Ltd. is a Public Limited Listed company incorporated on 18/12/1978 and has its registered office in the State of West Bengal, India.

POONAWALLA Share Price Details for Today: 

- Current Market Price: Rs. 216

- Stop Loss: Rs. 210

- Target 1: Rs. 223

- Target 2: Rs. 231

- 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. BSE LTD (BSE)

BSE is involved in the business activities of Administration of financial markets. Company’s Total Operating Revenue is Rs. 537.48 Cr. and Equity Capital is Rs. 9.00 Cr. for the Year ended 31/03/2021. BSE Ltd. is a Public Limited Listed company incorporated on 08/08/2005 and has its registered office in the State of Maharashtra, India.

BSE Share Price Details for Today: 

- Current Market Price: Rs. 1,848

- Stop Loss: Rs. 1,800

- Target 1: Rs. 1,900

- Target 2: Rs. 1,970

- 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. ZEE Entertainment (ZEEL)

Zee Entertainment En is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 6665.40 Cr. and Equity Capital is Rs. 96.10 Cr. for the Year ended 31/03/2021. Zee Entertainment Enterprises Ltd. is a Public Limited Listed company incorporated on 25/11/1982 and has its registered office in the State of Maharashtra, India.

ZEEL Share Price Details for Today: 

- Current Market Price: Rs. 356

- Stop Loss: Rs. 350

- Target 1: Rs. 363

- Target 1: Rs. 371

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying opportunity in this stock and hence making this stock as the best stock to buy today.

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets. SGX Nifty is trading at 17,040.50 levels, up 90.50 points. (Updated at 8:43 AM).

International Markets:

Asian Market:

Asian stocks are trading higher as concerns about the impact of the Omicron variant ebbed, while Chinese markets rose after the country's central bank eased monetary policy. Japan's benchmark Nikkei 225 rose 1.27% to trade at 28,282.01. Hong Kong's Hang Seng is trading up 1.12% at 23,610.18.

US Market:

US stocks closed higher as investors shrugged off concerns about the emerging threat of the Covid omicron variant. The Dow Jones Industrial Average closed up 646.95 points, or 1.87%, at 35,227.03; the S&P 500 closed up 53.24 points, or 1.17%, at 4,591.67; and the Nasdaq Composite closed up 139.68 points, or 0.93%, at 15,225.15.