Stocks to Buy Today: 5 Best Shares to Buy on 10-May-22

Stocks to Buy Today on 09-may-22

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-08-08T19:00:24+05:30

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

APCOTEXIND

BUY

605

589

621

636

POWERGRID

BUY

245

239

251

257

FINEORG

BUY

4501

4390

4612

4720

ASIANPAINT

BUY

3005

2926

3085

3160

BASF

BUY

2809

2745

2874

2965


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 10, 2022

1. Apcotex Industries (APCOTEXIND)

Apcotex Industries L is involved in the business activities of Manufacture of synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs.956.89 Cr. and Equity Capital is Rs.10.37 Cr. for the Year ended 31/03/2022. Apcotex Industries Ltd. is a Public Limited Listed company incorporated on 12/03/1986 and has its registered office in the State of Maharashtra, India.


APCOTEXIND Share Price Target for Today

- Current Market Price: Rs.605

- Stop Loss: Rs.589

- Target 1: Rs.621

- Target 2: Rs.636

- Holding Period: 1 week

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

2. Power Grid (POWERGRID)

Power Grid Corporation is involved in the business activities of Transmission of electric energy. Company’s Total Operating Revenue is Rs.37665.65 Cr. and Equity Capital is Rs.5231.59 Cr. for the Year ended 31/03/2021. Power Grid Corporation of India Ltd. is a Public Limited Listed company incorporated on 23/10/1989 and has its registered office in the State of Delhi, India.


POWERGRID Share Price Target for Today

- Current Market Price: Rs.245

- Stop Loss: Rs.239

- Target 1: Rs.251

- Target 2: Rs.257

- 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. Fine Organic (FINEORG)

Fine Organic Industries is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.1121.29 Cr. and Equity Capital is Rs.15.33 Cr. for the Year ended 31/03/2021. Fine Organic Industries Ltd. is a Public Limited Listed company incorporated on 24/05/2002 and has its registered office in the State of Maharashtra, India.


FINEORG Share Price Target for Today

- Current Market Price: Rs.4,501

- Stop Loss: Rs.4,390

- Target 1: Rs.4,612

- Target 2: Rs.4,720

- 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. Asian Paints (ASIANPAINT)

Asian Paints Ltd. is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers. Company’s Total Operating Revenue is Rs.18516.86 Cr. and Equity Capital is Rs.95.92 Cr. for the Year ended 31/03/2021. Asian Paints Ltd. is a Public Limited Listed company incorporated on 24/10/1945 and has its registered office in the State of Maharashtra, India.


ASIANPAINT Share Price Target for Today

- Current Market Price: Rs.3,005

- Stop Loss: Rs.2,926

- Target 1: Rs.3,085

- Target 2: Rs.3,160

- 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. BASF INDIA (BASF)

BASF India Lt is involved in the business activities of Manufacture of chemicals and chemical products. Company’s Total Operating Revenue is Rs.9558.34 Cr. and Equity Capital is Rs.43.29 Cr. for the Year ended 31/03/2021. BASF India Ltd. is a Public Limited Listed company incorporated on 13/05/1943 and has its registered office in the State of Maharashtra, India.

BASF Share Price Target for Today

- Current Market Price: Rs.2,809

- Stop Loss: Rs.2,745

- Target 1: Rs.2,874

- Target 2: Rs.2,965

- 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)

16,215.50

-0.47%

Nikkei 225 (8:00 AM)

26,050.59

-1.02%

Shanghai Composite (8:00 AM)

3,022.49

+0.61%

Hang Seng (8:00 AM)

19,584.89

-2.09%

Dow Jones (last close)

32,245.70

-1.99%

S&P 500 (last close)

3,991.24

-3.20%

Nasdaq (last close)

11,623.25

-4.29%

 

SGX Nifty indicates a negative opening for the Indian markets. Asian stocks hit a 2-year low on rate hike worries. US stocks fell to a 13-month low in a widespread selloff amid concern about the Federal Reserve’s ability to tame inflationary spirals without throwing the economy into a recession.

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