Stocks to Buy or Sell Today: 16-Jun-22

stocks to buy sell today on 16 June 2022

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-08-08T19:01:33+05:30

 5 Best Shares to Trade on 16-Jun-22

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

GRASIM

BUY

1341

1285

1400

1460

CENTURYTEX

BUY

780

740

830

865

BLS

BUY

211

203

225

235

INDHOTEL

BUY

223

216

235

248

ZEEL

SELL

219

222

216

212

 
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 or Sell on Jun 16, 2022

1. Grasim Industries (GRASIM)

Grasim Industries is involved in the business activities of manufacture of synthetic or artificial filament staple fibre not textured. Company’s Total Operating Revenue is Rs.12386.36 Cr. and Equity Capital is Rs.131.61 Cr. for the Year ended 31/03/2021. Grasim Industries Ltd. is a Public Limited Listed company incorporated on 25/08/1947 and has its registered office in the State of Madhya Pradesh, India.

Grasim Industries Share Price Target for Today

- Action: Buy

- Current Market Price: Rs.1,341

- Stop Loss: Rs.1,285

- Target 1: Rs.1,400

- Target 2: Rs.1,460

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see near to support in this stock hence making Grasim Industries, the best stock to buy.

2. Century Textiles & Industries (CENTURYTEX)

Century Textiles is involved in the business activities of manufacture of paper and paper rolls not further processed. Company’s Total Operating Revenue is Rs.4129.37 Cr. and Equity Capital is Rs.111.69 Cr. for the Year ended 31/03/2022. Century Textiles & Industries Ltd. is a Public Limited Listed company incorporated on 20/10/1897 and has its registered office in the State of Maharashtra, India.

Century Textiles & Industries Share Price Target for Today:

- Action: Buy

- Current Market Price: Rs.780

- Stop Loss: Rs.740

- Target 1: Rs.830

- Target 2: Rs.865

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects pullback in Century Textiles & Industries and hence making this stock as the best stock to buy today..

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3. BLS International Services (BLS)

BLS International Services belongs to the Industry of Services - Others. Company’s Total Operating Revenue is Rs.40.27 Cr. and Equity Capital is Rs.10.25 Cr. for the Year ended 31/03/2022. BLS International Services Ltd. is a Public Limited Listed company incorporated on 07/11/1983 and has its registered office in the State of Delhi, India.

BLS International Services Share Price Target for Today:

- Action: Buy

- Current Market Price: Rs.211

- Stop Loss: Rs.203

- Target 1: Rs.225

- Target 2: Rs.235

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish breakout in BLS International Services and thus making this stock as one of the best stocks to buy today.

4. Indian Hotels Company (INDHOTEL)

Indian Hotels Company is involved in the business activities of short term accommodation activities. Company’s Total Operating Revenue is Rs.2003.34 Cr. and Equity Capital is Rs.142.04 Cr. for the Year ended 31/03/2022. Indian Hotels Company Ltd. is a Public Limited Listed company incorporated on 01/04/1902 and has its registered office in the State of Maharashtra, India.

Indian Hotels Company Share Price Target for Today:

- Action: Buy

- Current Market Price: Rs.223

- Stop Loss: Rs.216

- Target 1: Rs.235

- Target 2: Rs.248

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see rising volume in this stock hence making Indian Hotels Company, the best stock to buy. 

5. Zee Entertainment Enterprises Ltd (ZEEL)

Zee Entertainment Enterprises Ltd 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.

Zee Entertainment Enterprises Ltd Share Price Target for Today

- Action: Sell

- Current Market Price: Rs.219

- Stop Loss: Rs.222

- Target 1: Rs.216

- Target 2: Rs.212

- Holding Period: 1 week

5paisa Recommendation: Downside move is Expected in Zee Entertainment Enterprises Ltd and thus making this stock as one of the best stocks to buy today.


Share Market Today
 

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

15,810.50

+0.89%

Nikkei 225 (8:00 AM)

26,696.55

+1.41%

Shanghai Composite (8:00 AM)

3,300.89

-0.14%

Hang Seng (8:00 AM)

21,190.00

-0.55%

Dow Jones (last close)

30,668.53

+1.00%

S&P 500 (last close)

3,789.99

+1.46%

Nasdaq (last close)

11,099.16

+2.50%


SGX Nifty indicates a positive opening for the Indian markets. Asian stocks were mixed. US stocks closed higher after the Federal Reserve approved its biggest interest-rate increase since 1994 but suggested moves of that scale likely wouldn't become common.

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About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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