Stocks to Buy Today: 5 Best Shares to Buy on 04-Apr-22

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 April 04, 2022

1. Adani Total (ATGL)

Adani Total Gas is involved in the business activities of Manufacture of gas. Company’s Total Operating Revenue is Rs.1695.60 Cr. and Equity Capital is Rs.109.98 Cr. for the Year ended 31/03/2021. Adani Total Gas Ltd. is a Public Limited Listed company incorporated on 05/08/2005 and has its registered office in the State of Gujarat, India.

ATGL Share Price Details for Today: 

- Current Market Price: Rs.2,250

- Stop Loss: Rs.2,195

- Target 1: Rs.2,306

- Target 2: Rs.2,370

- 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. JK Paper (JKPAPER)

JK Paper Ltd. is involved in the business activities of Manufacture of pulp, paper and paperboard. Company’s Total Operating Revenue is Rs.2741.60 Cr. and Equity Capital is Rs.169.40 Cr. for the Year ended 31/03/2021. JK Paper Ltd. is a Public Limited Listed company incorporated on 04/07/1960 and has its registered office in the State of Gujarat, India. 

JKPAPER Share Price Details for Today: 

- Current Market Price: Rs.324

- Stop Loss: Rs.316

- Target 1: Rs.332

- Target 2: Rs.342

- 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.

3. Poonawalla Fincorp (POONAWALLA)

Poonawalla Fincorp is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs.1848.73 Cr. and Equity Capital is Rs.53.92 Cr. for the Year ended 31/03/2021. Poonawalla Fincorp Ltd. is a Public Limited Listed company incorporated on 18/12/1978 and has its registered office in the State of West Bengal, India. 

POONAWALLA Share Price Details for Today: 

- Current Market Price: Rs.280

- Stop Loss: Rs.274

- Target 1: Rs.286

- Target 2: Rs.294

- 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.
 

4. GHCL LTD (GHCL)

GHCL is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs.2823.09 Cr. and Equity Capital is Rs.95.01 Cr. for the Year ended 31/03/2021. GHCL Ltd. is a Public Limited Listed company incorporated on 14/10/1983 and has its registered office in the State of Gujarat, India.

GHCL Share Price Details for Today: 

- Current Market Price: Rs.622

- Stop Loss: Rs.604

- Target 1: Rs.640

- Target 2: Rs.655

- 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.
 

5. Elgi Equipments (ELGIEQUIP)

Elgi Equipments is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs.1100.17 Cr. and Equity Capital is Rs.31.69 Cr. for the Year ended 31/03/2021. Elgi Equipments Ltd. is a Public Limited Listed company incorporated on 14/03/1960 and has its registered office in the State of Tamil Nadu, India.

ELGIEQUIP Share Price Details for Today: 

- Current Market Price: Rs.294

- Stop Loss: Rs.228

- Target 1: Rs.300

- Target 2: Rs.307

- 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.

Share Market Today

SGX Nifty:

SGX Nifty indicates a flat-to-negative opening for the Indian markets. SGX Nifty is trading at 17,707 levels, down 36 points. (Updated at 8:30 AM).

International Market

Asian Market:

Asian stocks start cautiously amid rising treasury yields. Japan's benchmark Nikkei 225 is down 0.14% to trade at 27,626.77. Hong Kong's Hang Seng is trading up 1.79% at 22,297.06, while the Shanghai Composite trades up 0.94% at 3,282.72.

US Market:

US stocks closed higher as investors assessed a new quarter of trading and a troublesome bond market recession indicator. The Dow Jones Industrial Average closed up 0.40% at 34,818.27; the S&P 500 closed up 0.34%, at 4,545.86; and the Nasdaq Composite closed up 0.29% at 14,261.50.

Also read: Swing Trading Stocks: Week of 04-Apr-2022