Stocks to Buy Today: 5 Best Shares to Buy on 06-May-22

Stocks to Buy Today on 06-may-22

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-08-08T18:59:45+05:30

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

BDL

BUY

722

702

743

760

ADANIGREEN

BUY

2846

2775

2918

3000

SIEMENS

BUY

2302

2240

2364

2420

INFY

BUY

1585

1546

1625

1663

GMDCLTD

BUY

201

195

207

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 on May 06, 2022


1. Bharat Dynamics (BDL)

Bharat Dynamics is involved in the business activities of Manufacture of weapons and ammunition. Company’s Total Operating Revenue is Rs.1913.76 Cr. and Equity Capital is Rs.183.28 Cr. for the Year ended 31/03/2021. Bharat Dynamics Ltd. is a Public Limited Listed company incorporated on 16/07/1970 and has its registered office in the State of Telangana, India. 


BDL Share Price Target for Today

- Current Market Price: Rs.722

- Stop Loss: Rs.702

- Target 1: Rs.743

- Target 2: Rs.760

- Holding Period: 1 week

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

2. Adani Green (ADANIGREEN)

Adani Green Energy is involved in the business activities of Electric power generation using solar energy. Company’s Total Operating Revenue is Rs.10672.00 Cr. and Equity Capital is Rs.1564.00 Cr. for the Year ended 31/03/2022. Adani Green Energy Ltd. is a Public Limited Listed company incorporated on 23/01/2015 and has its registered office in the State of Gujarat, India.


ADANIGREEN Share Price Target for Today

- Current Market Price: Rs.2,846

- Stop Loss: Rs.2,775

- Target 1: Rs.2,918

- Target 2: Rs.3,000

- 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.

 

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3. Siemens Ltd (SIEMENS)

Siemens Ltd. is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs.12963.10 Cr. and Equity Capital is Rs.71.20 Cr. for the Year ended 30/09/2021. Siemens Ltd. is a Public Limited Listed company incorporated on 02/03/1957 and has its registered office in the State of Maharashtra, India.


SIEMENS Share Price Target for Today

- Current Market Price: Rs.2,302

- Stop Loss: Rs.2,440

- Target 1: Rs.2,364

- Target 2: Rs.2,420

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

4. INFOSYS LTD (INFY)

Infosys is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.103940.00 Cr. and Equity Capital is Rs.2103.00 Cr. for the Year ended 31/03/2022. Infosys Ltd. is a Public Limited Listed company incorporated on 02/07/1981 and has its registered office in the State of Karnataka, India.


INFY Share Price Target for Today

- Current Market Price: Rs.1,585

- Stop Loss: Rs.1,546

- Target 1: Rs.1,625

- Target 2: Rs.1,663

- 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.

5. GMDC LTD (GMDCLTD)

Gujarat Mineral Dev belongs to the Industry of Mining/Minerals. Company’s Total Operating Revenue is Rs.2858.01 Cr. and Equity Capital is Rs.63.60 Cr. for the Year ended 31/03/2022. Gujarat Mineral Development Corporation Ltd. is a Public Limited Listed company incorporated on 15/05/1963 and has its registered office in the State of Gujarat, India.

GMDCLTD Share Price Target for Today

- Current Market Price: Rs.201

- Stop Loss: Rs.195

- Target 1: Rs.207

- Target 2: Rs.212

- Holding Period: 1 week

5paisa Recommendation: Recovery on cards in this stock is expected 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)

16,432

-1.55%

Nikkei 225 (8:00 AM)

26,789.37

-0.11%

Shanghai Composite (8:00 AM)

3,020.50

-1.54%

Hang Seng (8:00 AM)

20,219.17

-2.76%

Dow Jones (last close)

32,997.97

-3.12%

S&P 500 (last close)

4,146.87

-3.57%

Nasdaq (last close)

12,317.69

-4.99%

 

SGX Nifty indicates a negative opening for the Indian markets. Asian stocks are trading in the red territory. US stocks closed sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.

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