Stocks to Buy Today: 5 Best Shares to Buy on 09-May-22

Stocks to Buy Today on 09-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

TATACHEM

BUY

1033

1005

1061

1090

GOKEX

BUY

474

462

486

495

TCI

BUY

743

723

764

789

SBIN

BUY

484

473

495

506

INGERRAND

BUY

1605

1565

1645

1692


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 09, 2022
 


1. Tata Chemicals (TATACHEM)

Tata Chemicals is involved in the business activities of Quarrying of stone, sand and clay. Company’s Total Operating Revenue is Rs.3720.93 Cr. and Equity Capital is Rs.254.82 Cr. for the Year ended 31/03/2022. Tata Chemicals Ltd. is a Public Limited Listed company incorporated on 23/01/1939 and has its registered office in the State of Maharashtra, India.


TATACHEM Share Price Target for Today

- Current Market Price: Rs.1,033

- Stop Loss: Rs.1,005

- Target 1: Rs.1,061

- Target 2: Rs.1,090

- Holding Period: 1 week

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

2. Gokuldas Exports (GOKEX)

Gokaldas Exports is involved in the business activities of Manufacture of all types of textile garments and clothing accessories. Company’s Total Operating Revenue is Rs.1789.09 Cr. and Equity Capital is Rs.29.49 Cr. for the Year ended 31/03/2022. Gokaldas Exports Ltd. is a Public Limited Listed company incorporated on 01/03/2004 and has its registered office in the State of Karnataka, India.


GOKEX Share Price Target for Today

- Current Market Price: Rs.474

- Stop Loss: Rs.462

- Target 1: Rs.486

- Target 2: Rs.495

- 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. Transport Corporation (TCI)

TCI Ltd. is involved in the business activities of Sea and coastal freight water transport. Company’s Total Operating Revenue is Rs.2452.02 Cr. and Equity Capital is Rs.15.42 Cr. for the Year ended 31/03/2021. Transport Corporation of India Ltd. is a Public Limited Listed company incorporated on 02/01/1995 and has its registered office in the State of Andhra Pradesh, India.


TCI Share Price Target for Today

- Current Market Price: Rs.743

- Stop Loss: Rs.723

- Target 1: Rs.764

- Target 2: Rs.789

- 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. SBI (SBIN)

State Bank of India is a Public Limited Listed company incorporated on 31/12/1955 and registered in the State of Maharashtra, India.


SBIN Share Price Target for Today

- Current Market Price: Rs.484

- Stop Loss: Rs.473

- Target 1: Rs.495

- Target 2: Rs.506

- 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. Ingersoll Rand (INGERRAND)

Ingersoll Rand belongs to the Industry of Compressors. Company’s Total Operating Revenue is Rs.617.73 Cr. and Equity Capital is Rs.31.57 Cr. for the Year ended 31/03/2021. Ingersoll-Rand (India) Ltd. is a Public Limited Listed company incorporated on 01/12/1921 and has its registered office in the State of Karnataka, India.

INGERRAND Share Price Target for Today

- Current Market Price: Rs.1,605

- Stop Loss: Rs.1,565

- Target 1: Rs.1,645

- Target 2: Rs.1,692

- 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)

16,216

-1.24%

Nikkei 225 (8:00 AM)

26,383.77

-2.30%

Shanghai Composite (8:00 AM)

2,997.77

-0.13%

Dow Jones (last close)

32,899.37

-0.30%

S&P 500 (last close)

4,123.34

-0.57%

Nasdaq (last close)

12,144.66

-1.40%

 

SGX Nifty indicates a negative opening for the Indian markets. Asian stocks are trading in the red territory. US stocks closed lower after a strong US monthly jobs report indicated the Federal Reserve will stay on course with steady hikes in interest rates.

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