5 Stocks to Buy Today: September 2, 2021

02/09/2021

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. Here is a list of five momentum stocks to buy today. The average holding period could be between 7-10 days on average.

Here Are the 5 Stocks to Buy Today

1. United Breweries Ltd. (UBL)

United Breweries Ltd. manages the manufacture and sale of and are the leaders in the Indian beer market. They own various brands such as Kingfisher, Bullet, London Pilsner, Kalyani Black Label, Ub Export and Cannon 1000.

UBL Stock Details for Today: 

- Current Market Price: 1,543

- Stop Loss: 1,490

- Target: 1,660

- Holding Period: One week buy

5paisa Recommendation: We see a steady increase in volumes, making UBL ones of the sought-after stocks to buy today. 

 

2. PNC Infratech Ltd. (PNCINFRA)

PNC Infratech Limited is one of India's premiere construction companies. The company has successfully executed various construction projects, which includes highways, runways, bridges, power transmission lines, etc. 

PNCINFRA Stock Details for Today: 

- Current Market Price: 338

- Stop Loss: 326

- Target: 364

- Holding Period: One week buy

5paisa Recommendation: With the stock coming out of consolidation, PNCINFRA seems to be a good buy for today.

 

3. Asian Paints (ASIANPAINT)

Asian Paints is India's leading paints company. With a strong consumer-focus and innovative spirit, the company has been the market leader in paints since 1967. 

ASIANPAINT Stock Details for Today: 

- Current Market Price: 3,306

- Stop Loss: 3,250

- Target: 3,440

- Holding Period: One week buy

5paisa Recommendation:  Our technical analysts strongly recommend this stock for the following reasons:

1. Asian Paints has a strong uptrend in the market

2. A renewed buying interest amongst the consumers

 

4. SBI Life Insurance (SBILIFE)

A leading life insurance company in India, SBI Life offers a diverse range of products to individuals and groups through Health, Protection, Pension and Savings solutions. 

SBILIFE Stock Details for Today: 

- Current Market Price: 1,220

- Stop Loss: 1,190

- Target: 1,290

- Holding Period: 5 days

5paisa Recommendation:  Due to a short-term breakout on chart, SBILIFE features in the top 5 stock recommendations for the day. 

 

5. Radico Khaitan Ltd. (RADICO)

Radico Khaitan Limited is one of the oldest and the largest manufacturers of Indian Made Foreign Liquor (IMFL) in India, with over 15 brands including four millionaire brands in its portfolio – 8PM Whisky, Magic Moments Vodka, Contessa XXX Rum and Old Admiral Brandy. 

RADICO Stock Details for Today: 

- Current Market Price: 881

- Stop Loss: 865

- Target: 925

- Holding Period: One week buy

5paisa Recommendation:  Sideways trend is likely to end. This makes RADICO feature in our list of stocks to buy today. 

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