Stocks to Buy Today: 5 Best Shares to Buy on 02-Jun-22

stocks to buy today

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-08-08T19:00:57+05:30

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

TTKPRESTIG

BUY

889

860

929

950

TIRUMALCHM

BUY

256

248

268

275

BEL

BUY

242

234

255

262

CYBERTECH

BUY

152

147

160

165

VBL

BUY

1109

1030

1230

1280


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 on Jun 02, 2022

1. TTK Prestige (TTKPRESTIG)

TTK Prestige Ltd is involved in the business activities of manufacture of metal household articles (plates, saucers, pots, kettles, saucepans, frying pans and other non-electrical utensils, small hand-operated kitchen appliances and accessories). Company’s Total Operating Revenue is Rs.2033.05 Cr. and Equity Capital is Rs.13.86 Cr. for the Year ended 31/03/2021. TTK Prestige Ltd. is a Public Limited Listed company incorporated on 22/10/1955 and has its registered office in the State of Tamil Nadu, India. 


TTK Prestige Share Price Target for Today

- Current Market Price: Rs.889

- Stop Loss: Rs.860

- Target 1: Rs.929

- Target 2: Rs.950

- Holding Period: 1 week

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

2. Thirumalai Chemicals (TIRUMALCHM)

Thirumalai Chemicals belongs to the Industry of Chemicals - Speciality - Others. Company’s Total Operating Revenue is Rs.857.18 Cr. and Equity Capital is Rs.10.24 Cr. for the Year ended 31/03/2021. Thirumalai Chemicals Ltd. is a Public Limited Listed company incorporated on 27/11/1972 and has its registered office in the State of Maharashtra, India.

Thirumalai Chemicals Share Price Target for Today

- Current Market Price: Rs.256

- Stop Loss: Rs.248

- Target 1: Rs.268

- Target 2: Rs.275

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects the stock to be double bottom pattern hence making this stock best stock to buy.

3. Bharat Electronics (BEL)

Bharat Electronics is involved in the business activities of manufacture of data communications equipment, such as bridges, routers, and gateways. Company’s Total Operating Revenue is Rs.14063.83 Cr. and Equity Capital is Rs.243.66 Cr. for the Year ended 31/03/2021. Bharat Electronics Ltd. is a Public Limited Listed company incorporated on 21/04/1954 and has its registered office in the State of Karnataka, India.


Bharat Electronics Share Price Target for Today

- Current Market Price: Rs.242

- Stop Loss: Rs.234

- Target 1: Rs.255

- Target 2: Rs.262

- Holding Period: 1 week

5paisa Recommendation: Strong volume in this stock is expected and thus making this stock as one of the best stocks to buy today.

4. Cybertech Systems & Software (CYBERTECH)

Cybertech System is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.79.22 Cr. and Equity Capital is Rs.28.17 Cr. for the Year ended 31/03/2022. Cybertech Systems & Software Ltd. is a Public Limited Listed company incorporated on 19/01/1995 and has its registered office in the State of Maharashtra, India.


Cybertech Systems & Software Share Price Target for Today

- Current Market Price: Rs.152

- Stop Loss: Rs.147

- Target 1: Rs.160

- Target 2: Rs.165

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is reversed from support in this stock hence making this stock best stock to buy.

5. Varun Beverages (VBL)

Varun Beverages Ltd. is involved in the business activities of manufacture of soft drinks; production of mineral waters and other bottled waters. Company’s Total Operating Revenue is Rs.6595.74 Cr. and Equity Capital is Rs.433.03 Cr. for the Year ended 31/12/2021. Varun Beverages Ltd. is a Public Limited Listed company incorporated on 16/06/1995 and has its registered office in the State of Delhi, India.


Varun Beverages Share Price Target for Today

- Current Market Price: Rs.1,109

- Stop Loss: Rs.1,030

- Target 1: Rs.1,230

- Target 2: Rs.1,280

- Holding Period: 1 week

5paisa Recommendation: Our technical experts stock on verge of breakout for this stock and hence making this stock best stock to buy.


Share Market Today
 

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

16,436.00

-0.44%

Nikkei 225 (8:00 AM)

27,389.71

-0.25%

Shanghai Composite (8:00 AM)

3,176.40

-0.18%

Hang Seng (8:00 AM)

20,987.64

-1.44%

Dow Jones (last close)

32,813.23

-0.54%

S&P 500 (last close)

4,101.23

-0.75%

Nasdaq (last close)

11,994.46

-0.72%

 

SGX Nifty indicates a negative opening for the Indian markets. Asian stocks are trading lower as central bankers sent out more "hawkish" messages in an effort to slow inflation and JPMorgan Chase & Co.'s Jamie Dimon warned about the economy. US stocks closed lower as investors braced for the beginning of the Fed's balance sheet reduction plans.

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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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