Stocks to Buy Today: 5 Best Shares to Buy on 08-Jun-22

Stocks to Buy Today on 08-Jun-22

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-08-08T19:01:33+05:30

Stocks to Buy Today

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

BDL

BUY

817

793

855

870

TVSMOTOR

BUY

740

722

765

790

CYIENT

BUY

829

799

879

900

ADANITRANS

BUY

2046

1966

2165

2210

SUNFLAG

BUY

99.50

95.50

105

108

 

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 Jun 08, 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.

Bharat Dynamics Share Price Target for Today

- Current Market Price: Rs.817

- Stop Loss: Rs.793

- Target 1: Rs.855

- Target 2: Rs.870

- Holding Period: 1 week

5paisa Recommendation: Strong volume in Bharat Dynamics is expected and thus making this stock as one of the best stocks to buy today.

2. TVS Motor Company (TVSMOTOR)

TVS Motor Company Ltd. is involved in the business activities of manufacture of three-wheelers and their engine. Company’s Total Operating Revenue is Rs.20790.51 Cr. and Equity Capital is Rs.47.51 Cr. for the Year ended 31/03/2022. TVS Motor Company Ltd. is a Public Limited Listed company incorporated on 10/06/1992 and has its registered office in the State of Tamil Nadu, India.

TVS Motor Company Share Price Target for Today

- Current Market Price: Rs.740

- Stop Loss: Rs.722

- Target 1: Rs.765

- Target 2: Rs.790

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects bullish trend in TVS Motor and hence making this stock as the best stock to buy today.

Start Investing in 5 mins*

Get Benefits worth 5100* | Rs.20 Flat Per Order | 0% Brokerage

 

3. Cyient (CYIENT)

Cyient Ltd. is involved in the business activities of other information technology and computer service activities n.e.c. Company’s Total Operating Revenue is Rs.1750.50 Cr. and Equity Capital is Rs.55.20 Cr. for the Year ended 31/03/2022. Cyient Ltd. is a Public Limited Listed company incorporated on 28/08/1991 and has its registered office in the State of Andhra Pradesh, India.

Cyient Share Price Target for Today

- Current Market Price: Rs.829

- Stop Loss: Rs.799

- Target 1: Rs.879

- Target 2: Rs.900

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see on verge of breakout in this stock hence making Cyient, the best stock to buy.

4. Adani Transmission (ADANITRANS)

Adani Transmission Ltd. is involved in the business activities of wholesale of other basic/manufactured food stuffs. Company’s Total Operating Revenue is Rs.739.81 Cr. and Equity Capital is Rs.1099.81 Cr. for the Year ended 31/03/2022. Adani Transmission Ltd. is a Public Limited Listed company incorporated on 09/12/2013 and has its registered office in the State of Gujarat, India.

Adani Transmission Share Price Target for Today

- Current Market Price: Rs.2,046

- Stop Loss: Rs.1,966

- Target 1: Rs.2,165

- Target 2: Rs.2,210

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Adani Transmission is moving above 200 SMA in this stock hence making this stock best stock to buy.

5. Sunflag Iron & Steel Company (SUNFLAG)

Sunflag Iron is involved in the business activities of manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs.1891.55 Cr. and Equity Capital is Rs.180.22 Cr. for the Year ended 31/03/2021. Sunflag Iron & Steel Company Ltd. is a Public Limited Listed company incorporated on 12/09/1984 and has its registered office in the State of Maharashtra, India.

Sunflag Iron & Steel Company Share Price Target for Today

- Current Market Price: Rs.99.50

- Stop Loss: Rs.95.50

- Target 1: Rs.105

- Target 2: Rs.108

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Sunflag Iron is near support hence making this stock best stock to buy.

Share Market Today

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

16,501.50

+0.47%

Nikkei 225 (8:00 AM)

28,208.92

+0.95%

Shanghai Composite (8:00 AM)

3,260.48

+0.58%

Hang Seng (8:00 AM)

21,962.90

+2.00%

Dow Jones (last close)

33,180.14

+0.80%

S&P 500 (last close)

4,160.68

+0.95%

Nasdaq (last close)

12,175.23

+0.94%

SGX Nifty indicates a positive opening for the Indian markets. Asian stocks are trading higher following Wall Street's strong lead, with tech firms experiencing strong buying interest on optimism that China's lockdown is ending. US stocks closed higher as technology and energy shares climbed.

Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

& get benefits worth 2100*

Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number