5 Stocks to Buy Today: December 09, 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 09

1. Bajaj Healthcare (BAJAJHCARE)

BAJAJHCARE Share Price Details for Today: 

- Current Market Price: Rs. 411

- Stop Loss: Rs. 400

- Target 1: Rs. 423

- Target 2: Rs. 440

- 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. 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. 2,002

- Stop Loss: Rs. 1,950

- Target 1: Rs. 2,055

- Target 2: Rs. 2,160

- 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.

3. 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. 177

- Stop Loss: Rs. 172

- Target 1: Rs. 182

- Target 2: Rs. 189

- 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.

4. Mayur Uniquoters (MAYURUNIQ)

Mayur Uniquoters is involved in the business activities of Weaving, manufacturing of man-made fiber and man-made mixture fabrics.. Company’s Total Operating Revenue is Rs. 500.81 Cr. and Equity Capital is Rs. 22.29 Cr. for the Year ended 31/03/2021. Mayur Uniquoters Ltd. is a Public Limited Listed company incorporated on 14/09/1992 and has its registered office in the State of Rajasthan, India.

MAYURUNIQ Share Price Details for Today: 

- Current Market Price: Rs. 584

- Stop Loss: Rs. 569

- Target 1: Rs. 600

- Target 2: Rs. 625

- Holding Period: 1 week

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

5. Greenpanel Industries (GREENPANEL)

Greenpanel Industries is involved in the business activities of Manufacture of veneer sheets; manufacture of plywood, laminboard, particle board and other panels and board. Company’s Total Operating Revenue is Rs. 1019.97 Cr. and Equity Capital is Rs. 12.26 Cr. for the Year ended 31/03/2021. Greenpanel Industries Ltd. is a Private Limited Listed company incorporated on 13/12/2017 and has its registered office in the State of Assam, India.

GREENPANEL Share Price Details for Today: 

- Current Market Price: Rs. 408

- Stop Loss: Rs. 397

- Target 1: Rs. 419

- Target 1: Rs. 433

- 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 17,573.80 levels, up 48.25 points. (Updated at 8:19 AM).

International Markets:

Asian Market:

Most Asian stocks gained as traders bet that the global recovery will be resilient to the new virus strain. Japan's benchmark Nikkei 225 fell 0.16% to trade at 28,813.55. Hong Kong's Hang Seng is trading up 1.09% at 24,258.84, while the Shanghai Composite trades up 0.57% at 3,658.47.

US Market:

US stocks closed higher as investors maintained confidence despite the emergence of the Omicron variant and mixed economic data. The Dow Jones Industrial Average closed up 0.10%, at 35,754.75; the S&P 500 closed up 0.31%, at 4,701.21; and the Nasdaq Composite closed up 0.64%, to 15,786.99.