Stocks to Buy or Sell Today: 17-Jun-22

stocks to buy or sell on 17th june 2022

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 25k Views
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 5 Best Shares to Trade on 17-Jun-22

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

HDFC

SELL

2060

2092

2028

2000

BPCL

SELL

313

318

307

300

JSWSTEEL

SELL

543

551

534

520

RADICO

BUY

817

784

850

885

RAMASTEEL

BUY

375

363

388

400

 
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 17, 2022

1. Housing Development Finance Corporation (HDFC)

Housing Development Finance Corporation Ltd is involved in the business activities of activities of specialized institutions granting credit for house purchases that also take deposits. Company’s Total Operating Revenue is Rs.47957.07 Cr. and Equity Capital is Rs.362.61 Cr. for the Year ended 31/03/2022. Housing Development Finance Corporation Ltd. is a Public Limited Listed company incorporated on 17/10/1977 and has its registered office in the State of Maharashtra, India..

HDFC Share Price Target for Today

- Action: Sell

- Current Market Price: Rs.2,060

- Stop Loss: Rs.2,092

- Target 1: Rs.2,028

- Target 2: Rs.2,000

- Holding Period: 1 week

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

2. Bharat Petroleum Corporation Ltd (BPCL)

Bharat Petroleum Corporation Ltd is involved in the business activities of production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals. Company’s Total Operating Revenue is Rs.232545.12 Cr. and Equity Capital is Rs.2092.91 Cr. for the Year ended 31/03/2021. Bharat Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 03/11/1952 and has its registered office in the State of Maharashtra, India.

Bharat Petroleum Corporation Ltd Share Price Target for Today:

- Action: Sell

- Current Market Price: Rs.313

- Stop Loss: Rs.318

- Target 1: Rs.307

- Target 2: Rs.300

- Holding Period: 1 week

5paisa Recommendation: Downside move is Expected in Bharat Petroleum Corporation  and thus making this stock as one of the best stocks to buy today.

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3. JSW Steel (JSWSTEEL)

JSW Steel Ltd is involved in the business activities of manufacture of other fabricated metal products; metalworking service activities. Company’s Total Operating Revenue is Rs.70727.00 Cr. and Equity Capital is Rs.302.00 Cr. for the Year ended 31/03/2021. JSW Steel Ltd. is a Public Limited Listed company incorporated on 15/03/1994 and has its registered office in the State of Maharashtra, India.

JSW Steel Share Price Target for Today:

- Action: Sell

- Current Market Price: Rs.543

- Stop Loss: Rs.551

- Target 1: Rs.534

- Target 2: Rs.520

- Holding Period: 1 week

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

4. Radico Khaitan (RADICO)

Radico Khaitan is involved in the business activities of distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs.2418.14 Cr. and Equity Capital is Rs.26.71 Cr. for the Year ended 31/03/2021. Radico Khaitan Ltd. is a Public Limited Listed company incorporated on 21/07/1983 and has its registered office in the State of Uttar Pradesh, India.

Radico Khaitan Share Price Target for Today:

- Action: Buy

- Current Market Price: Rs.817

- Stop Loss: Rs.784

- Target 1: Rs.850

- Target 2: Rs.885

- Holding Period: 1 week

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

5. Rama Steel Tubes (RAMASTEEL)

Rama Steel Tubes is involved in the business activities of manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company’s Total Operating Revenue is Rs.325.71 Cr. and Equity Capital is Rs.8.40 Cr. for the Year ended 31/03/2021. Rama Steel Tubes Ltd. is a Public Limited Listed company incorporated on 26/02/1974 and has its registered office in the State of Delhi, India.

Rama Steel Tubes Share Price Target for Today

- Action: Buy

- Current Market Price: Rs.375

- Stop Loss: Rs.363

- Target 1: Rs.388

- Target 2: Rs.400

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see rising volume in this stock hence making Rama Steel Tubes, the best stock to buy.


Share Market Today
 

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

15,329.50

+0.13%

Nikkei 225 (8:00 AM)

25,816.66

-2.33%

Shanghai Composite (8:00 AM)

3,291.84

+0.20%

Hang Seng (8:00 AM)

21,009.28

+0.79%

Dow Jones (last close)

29,927.07

-2.42%

S&P 500 (last close)

3,666.77

-3.25%

Nasdaq (last close)

10,646.10

-4.08%


SGX Nifty indicates a flat opening for the Indian markets. Asian stocks were mixed. US stocks closed lower amid renewed recession concerns.

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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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