5 Stocks to Buy Today: December 08, 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 08

1. 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. 1,945

- Stop Loss: Rs. 1,895

- Target 1: Rs. 2,015

- Target 2: Rs. 2,072

- Holding Period: 1 week

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

2. DELTA CORP (DELTACORP)

Delta Corp Ltd. is involved in the business activities of Gambling and betting activities. Company’s Total Operating Revenue is Rs. 201.81 Cr. and Equity Capital is Rs. 26.68 Cr. for the Year ended 31/03/2021. Delta Corp Ltd. is a Public Limited Listed company incorporated on 05/11/1990 and has its registered office in the State of Maharashtra, India.

DELTACORP Share Price Details for Today: 

- Current Market Price: Rs. 258

- Stop Loss: Rs. 252

- Target 1: Rs. 264

- Target 2: Rs. 273

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects recovery on cards and recommends adding this stock in to your list of best stocks to buy today.

3. LOVABLE (LOVABLE)

Lovable Lingerie Ltd is involved in the business activities of Manufacture of other knitted and crocheted apparel including hosiery. Company’s Total Operating Revenue is Rs. 80.62 Cr. and Equity Capital is Rs. 14.80 Cr. for the Year ended 31/03/2021. Lovable Lingerie Ltd. is a Public Limited Listed company incorporated on 29/09/1987 and has its registered office in the State of Maharashtra, India.

LOVABLE Share Price Details for Today: 

- Current Market Price: Rs. 184

- Stop Loss: Rs. 179

- Target 1: Rs. 190

- Target 2: Rs. 197

- 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.

4. NANDAN DENIM (NDL)

Nandan Denim is involved in the business activities of Finishing of cotton and blended cotton textiles.. Company’s Total Operating Revenue is Rs. 1090.23 Cr. and Equity Capital is Rs. 48.05 Cr. for the Year ended 31/03/2021. Nandan Denim Ltd. is a Public Limited Listed company incorporated on 09/08/1994 and has its registered office in the State of Gujarat, India.

NDL Share Price Details for Today: 

- Current Market Price: Rs. 111

- Stop Loss: Rs. 107

- Target 1: Rs. 115

- Target 2: Rs. 123

- Holding Period: 1 week

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

5. SAPPHIRE FOODS (SAPPHIRE)

SAPPHIRE Share Price Details for Today: 

- Current Market Price: Rs. 1,124

- Stop Loss: Rs. 1,096

- Target 1: Rs. 1,154

- Target 1: Rs. 1,220

- 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.

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets. SGX Nifty is trading at 17,337.20 levels, up 27 points. (Updated at 8:26 AM).

International Markets:

Asian Market:

Asian stocks opened higher after the US stocks displayed the biggest gain in nine months, as traders bet the omicron Covid variant will not hamper the global recovery. Japan's benchmark Nikkei 225 rose 1.12% to trade at 28,774.05. Hong Kong's Hang Seng is trading up 0.20% at 24,031.97, while the Shanghai Composite trades up 0.49% at 3,612.61.

US Market:

US stocks closed higher as investors became less concerned about the potential economic impact of the new omicron coronavirus variant. The Dow Jones Industrial Average closed up 492.40 points, or 1.40%, at 35,719.43; the S&P 500 closed up 95.08 points, or 2.07%, at 4,686.75; and the Nasdaq Composite closed up 461.77 points, or 3.03%, at 15,686.92.