Stocks to Buy Today: 5 Best Shares to Buy on 08-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 08, 2022

1. 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.307

- Stop Loss: Rs.298

- Target 1: Rs.316

- Target 2: Rs.323

- Holding Period: 1 week

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

2. 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 Details for Today: 

- Current Market Price: Rs.621

- Stop Loss: Rs.604

- Target 1: Rs.638

- 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.

3. CG Power (CGPOWER)

CG Power And Industries is involved in the business activities of Manufacture of electric motors (except internal combustion engine starting motors). Company’s Total Operating Revenue is Rs.2525.89 Cr. and Equity Capital is Rs.267.60 Cr. for the Year ended 31/03/2021. CG Power and Industrial Solutions Ltd. is a Public Limited Listed company incorporated on 28/04/1937 and has its registered office in the State of Maharashtra, India.

CGPOWER Share Price Details for Today: 

- Current Market Price: Rs.212

- Stop Loss: Rs.206

- Target 1: Rs.218

- Target 2: Rs.226

- 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. Mirza International (MIRZAINT)

Mirza International is involved in the business activities of Manufacture of other footwear. Company’s Total Operating Revenue is Rs.1046.82 Cr. and Equity Capital is Rs.24.06 Cr. for the Year ended 31/03/2021. Mirza International Ltd. is a Public Limited Listed company incorporated on 05/09/1979 and has its registered office in the State of Uttar Pradesh, India.

MIRZAINT Share Price Details for Today: 

- Current Market Price: Rs.185

- Stop Loss: Rs.180

- Target 1: Rs.190

- Target 2: Rs.196

- 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. Godrej Consumer (GODREJCP)

Godrej Consumer Prod belongs to the Industry of Personal Care. Company’s Total Operating Revenue is Rs.6254.33 Cr. and Equity Capital is Rs.102.25 Cr. for the Year ended 31/03/2021. Godrej Consumer Products Ltd. is a Public Limited Listed company incorporated on 29/11/2000 and has its registered office in the State of Maharashtra, India.

GODREJCP Share Price Details for Today: 

- Current Market Price: Rs.782

- Stop Loss: Rs.762

- Target 1: Rs.803

- Target 2: Rs.819

- 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

SGX Nifty: 

SGX Nifty indicates a flat opening for the Indian markets. SGX Nifty is trading at 17,746.50 levels, up 8 points. (Updated at 8:00 AM).

International Market

Asian Market: 

Asian stocks slipped as the prospect of aggressive global rate hikes finally began to rattle investors. Japan's benchmark Nikkei 225 is down 0.26% to trade at 26,817.55. Hong Kong's Hang Seng is trading down 0.91% at 21,610.16, while the Shanghai Composite trades down 0.48% at 3,221.27.

US Market: 

US stocks closed higher as investors digest hawkish Fed minutes. The Dow Jones Industrial Average closed up 0.25% at 34,583.57; the S&P 500 closed up 0.43%, at 4,500.21; and the Nasdaq Composite closed up 0.06% at 13,897.30.