Stocks to Buy Today: 5 Best Shares to Buy on 12-May-22

Stocks to Buy Today on 12-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

BALAMINES

BUY

3043

2965

3120

3200

AXISBANK

BUY

672

657

687

705

RELIANCE

BUY

2449

2378

2520

2574

TATASTEEL

BUY

1166

1135

1197

1218

HAVELLS

BUY

1229

1198

1260

1291


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 12, 2022


1. BALAJI AMINES (BALAMINES)

Balaji Amines Ltd is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.1227.78 Cr. and Equity Capital is Rs.6.48 Cr. for the Year ended 31/03/2021. Balaji Amines Ltd. is a Public Limited Listed company incorporated on 27/10/1988 and has its registered office in the State of Maharashtra, India.


BALAMINES Share Price Target for Today

- Current Market Price: Rs.3,043

- Stop Loss: Rs.2,965

- Target 1: Rs.3,120

- Target 2: Rs.3,200

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects the stock to be bounce hence making this stock best stock to buy.

2. Axis Bank (AXISBANK)

Axis Bank Ltd. is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs.67376.83 Cr. and Equity Capital is Rs.613.95 Cr. for the Year ended 31/03/2022. Axis Bank Ltd. is a Public Limited Listed company incorporated on 03/12/1993 and has its registered office in the State of Gujarat, India.


AXISBANK Share Price Target for Today

- Current Market Price: Rs.672

- Stop Loss: Rs.657

- Target 1: Rs.687

- Target 2: Rs.705

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is oversold on the chart hence making this stock best stock to buy.

 

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3. Reliance Industries (RELIANCE)

Reliance Industries is involved in the business activities of Extraction of natural gas. Company’s Total Operating Revenue is Rs.445375.00 Cr. and Equity Capital is Rs.6765.00 Cr. for the Year ended 31/03/2022. Reliance Industries Ltd. is a Public Limited Listed company incorporated on 08/05/1973 and has its registered office in the State of Maharashtra, India.


RELIANCE Share Price Target for Today

- Current Market Price: Rs.2,449

- Stop Loss: Rs.2,378

- Target 1: Rs.2,520

- Target 2: Rs.2,574 

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects recovery on cards and recommends adding this stock in to your list of best stocks to buy today.

4. Tata Steel (TATASTEEL)

Tata Steel is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs.129021.35 Cr. and Equity Capital is Rs.1222.37 Cr. for the Year ended 31/03/2022. Tata Steel Ltd. is a Public Limited Listed company incorporated on 26/08/1907 and has its registered office in the State of Maharashtra, India.


TATASTEEL Share Price Target for Today

- Current Market Price: Rs.1,166

- Stop Loss: Rs.1,135

- Target 1: Rs.1,197

- Target 2: Rs.1,218

- 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. Havells India (HAVELLS)

Havells India is involved in the business activities of Manufacture of other electronic and electric wires and cables. Company’s Total Operating Revenue is Rs.13888.53 Cr. and Equity Capital is Rs.62.63 Cr. for the Year ended 31/03/2022. Havells India Ltd. is a Public Limited Listed company incorporated on 08/08/1983 and has its registered office in the State of Delhi, India.

HAVELLS Share Price Target for Today

- Current Market Price: Rs.1,229

- Stop Loss: Rs.1,198

- Target 1: Rs.1,260

- Target 2: Rs.1,291

- Holding Period: 1 week

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


Share Market Today
 

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

16,012

-0.96%

Nikkei 225 (8:00 AM)

26,003.79

-0.80%

Shanghai Composite (8:00 AM)

3,064.34

+0.18%

Hang Seng (8:00 AM)

19,687.30

-0.69%

Dow Jones (last close)

31,834.11

-1.02%

S&P 500 (last close)

3,935.18

-1.65%

Nasdaq (last close)

11,364.23

-3.18%

 

SGX Nifty indicates a negative opening for the Indian markets. Most Asian stocks are trading lower. US stocks closed sharply lower after US inflation data did little to ease investor worries over the outlook for interest rates and the economy.

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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.

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