Stocks to Buy Today: 5 Best Shares to Buy on 06-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 06, 2022

1. Tata Power (TATAPOWER)

Tata Power Co. is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs.6180.59 Cr. and Equity Capital is Rs.319.56 Cr. for the Year ended 31/03/2021. Tata Power Company Ltd. is a Public Limited Listed company incorporated on 18/09/1919 and has its registered office in the State of Maharashtra, India.

TATAPOWER Share Price Details for Today: 

- Current Market Price: Rs.274

- Stop Loss: Rs.268

- Target 1: Rs.280

- Target 2: Rs.289

- 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. Adani Wilmar (AWL)

Adani Wilmar is involved in the business activities of Food, beverages and tobacco products. Company’s Total Operating Revenue is Rs.37090.42 Cr. and Equity Capital is Rs.114.30 Cr. for the Year ended 31/03/2021. Adani Wilmar Ltd. is a Public Limited Listed company incorporated on 22/01/1999 and has its registered office in the State of Gujarat, India.

AWL Share Price Details for Today: 

- Current Market Price: Rs.580

- Stop Loss: Rs.565

- Target 1: Rs.595

- Target 2: Rs.618

- 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. Solar Industries (SOLARINDS)

Solar Industries India is involved in the business activities of Manufacture of explosives, ammunition and fire works. Company’s Total Operating Revenue is Rs.1584.40 Cr. and Equity Capital is Rs.18.10 Cr. for the Year ended 31/03/2021. Solar Industries India Ltd. is a Public Limited Listed company incorporated on 24/02/1995 and has its registered office in the State of Maharashtra, India.

SOLARINDS Share Price Details for Today: 

- Current Market Price: Rs.2,961

- Stop Loss: Rs.2,883

- Target 1: Rs.3,040

- Target 2: Rs.3,125

- 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. Minda Industries (MINDAIND)

Minda Industries is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company’s Total Operating Revenue is Rs.3700.65 Cr. and Equity Capital is Rs.54.39 Cr. for the Year ended 31/03/2021. Minda Industries Ltd. is a Public Limited Listed company incorporated on 16/09/1992 and has its registered office in the State of Delhi, India.

MINDAIND Share Price Details for Today: 

- Current Market Price: Rs.982

- Stop Loss: Rs.958

- Target 1: Rs.1,006

- Target 2: Rs.1,032

- 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. Mahindra Logistics (MAHLOG)

Mahindra Logistics L is involved in the business activities of Other passenger land transport. Company’s Total Operating Revenue is Rs.2959.11 Cr. and Equity Capital is Rs.71.67 Cr. for the Year ended 31/03/2021. Mahindra Logistics Ltd. is a Public Limited Listed company incorporated on 24/08/2007 and has its registered office in the State of Maharashtra, India.

MAHLOG Share Price Details for Today: 

- Current Market Price: Rs.527

- Stop Loss: Rs.513

- Target 1: Rs.541

- Target 2: Rs.557

- 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 negative opening for the Indian markets. SGX Nifty is trading at 17,879 levels, down 142 points. (Updated at 7:30 AM).

International Market

Asian Market:

Asian stocks slipped as investors faced up to the possibility of aggressive monetary tightening by the US Federal Reserve to fight inflation, while the focus was also on new Western sanctions against Russia over its invasion of Ukraine. Japan's benchmark Nikkei 225 is down 1.63% to trade at 27,333.94. Hong Kong's Hang Seng is trading down 1.58% at 22,146.73, while the Shanghai Composite trades down 0.21% at 3,275.72.

US Market:

US stocks closed lower as investors fear Fed rate hikes will slow the economy. The Dow Jones Industrial Average closed down 0.80% at 34,641.18; the S&P 500 closed down 1.26%, at 4,525.12; and the Nasdaq Composite closed down 2.26% at 14,204.17.