Stocks to Buy Today: 5 Best Shares to Buy on 07-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 07, 2022

1. Indian Hotels (INDHOTEL)

Indian Hotels Company is involved in the business activities of Short term accommodation activities. Company’s Total Operating Revenue is Rs.1133.15 Cr. and Equity Capital is Rs.118.93 Cr. for the Year ended 31/03/2021. Indian Hotels Company Ltd. is a Public Limited Listed company incorporated on 01/04/1902 and has its registered office in the State of Maharashtra, India.

INDHOTEL Share Price Details for Today: 

- Current Market Price: Rs.251

- Stop Loss: Rs.245

- Target 1: Rs.257

- Target 2: Rs.263

- 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.346

- Stop Loss: Rs.338

- Target 1: Rs.354

- Target 2: Rs.365

- 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. Sharda Cropchem (SHARDACROP)

Sharda Cropchem is involved in the business activities of Wholesale of fertilizers and agrochemical products. Company’s Total Operating Revenue is Rs.2032.62 Cr. and Equity Capital is Rs.90.22 Cr. for the Year ended 31/03/2021. Sharda Cropchem Ltd. is a Public Limited Listed company incorporated on 12/03/2004 and has its registered office in the State of Maharashtra, India.

SHARDACROP Share Price Details for Today: 

- Current Market Price: Rs.691

- Stop Loss: Rs.673

- Target 1: Rs.709

- Target 2: Rs.726

- 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. Eclerx Services (ECLREX)

Eclerx Services is involved in the business activities of Data processing, hosting and related activities. Company’s Total Operating Revenue is Rs.1197.40 Cr. and Equity Capital is Rs.34.89 Cr. for the Year ended 31/03/2021. eClerx Services Ltd. is a Public Limited Listed company incorporated on 24/03/2000 and has its registered office in the State of Maharashtra, India.

ECLREX Share Price Details for Today: 

- Current Market Price: Rs.2,493

- Stop Loss: Rs.2,432

- Target 1: Rs.2,554

- Target 2: Rs.2,635

- 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. Vedanta Ltd (VEDL)

Vedanta is involved in the business activities of Manufacture of aluminium from alumina and by other methods and products of aluminium and alloys. Company’s Total Operating Revenue is Rs.37440.00 Cr. and Equity Capital is Rs.372.00 Cr. for the Year ended 31/03/2021. Vedanta Ltd. is a Public Limited Listed company incorporated on 25/06/1965 and has its registered office in the State of Goa, India.

VEDL Share Price Details for Today: 

- Current Market Price: Rs.433

- Stop Loss: Rs.421

- Target 1: Rs.445

- Target 2: Rs.453

- 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 17,770.50 levels, down 97 points. (Updated at 8:30 AM).

International Market

Asian Market:

Asian shares fell in line with a global selloff, as markets were spooked by more aggressive noises from US policymakers about the need for tighter monetary policy, which also kept the dollar near a two-year peak. Japan's benchmark Nikkei 225 is down 2% to trade at 26,803.34. Hong Kong's Hang Seng is trading down 0.05% at 22,069.89, while the Shanghai Composite trades down 0.53% at 3,266.13.

US Market:

US stocks closed lower as investors digest hawkish Fed remarks. The Dow Jones Industrial Average closed down 0.42% at 34,496.51; the S&P 500 closed down 0.97%, at 4,481.15; and the Nasdaq Composite closed down 2.22% at 13,888.82.