Stocks to Buy Today: 5 Best Shares to Buy on 16-Mar-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 Today March 16

1. Varun Beverages (VBL)

Varun Beverages Ltd. is involved in the business activities of Manufacture of soft drinks; production of mineral waters and other bottled waters. Company’s Total Operating Revenue is Rs.6595.74 Cr. and Equity Capital is Rs.433.03 Cr. for the Year ended 31/12/2021. Varun Beverages Ltd. is a Public Limited Listed company incorporated on 16/06/1995 and has its registered office in the State of Delhi, India.

VBL Share Price Details for Today: 

- Current Market Price: Rs.925

- Stop Loss: Rs.900

- Target 1: Rs.951

- Target 2: Rs.972

- 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.

2. Polyplex Corporation (POLYPLEX)

Polyplex Corporation is involved in the business activities of Manufacture of semi-finished of plastic products (plastic plates, sheets, blocks, film, foil, strip etc.). Company’s Total Operating Revenue is Rs.1298.95 Cr. and Equity Capital is Rs.31.97 Cr. for the Year ended 31/03/2021. Polyplex Corporation Ltd. is a Public Limited Listed company incorporated on 18/10/1984 and has its registered office in the State of Uttarakhand/Uttaranchal, India.

POLYPLEX Share Price Details for Today: 

- Current Market Price: Rs.2,085

- Stop Loss: Rs.2,030

- Target 1: Rs.2,140

- Target 2: Rs.2,210

- Holding Period: 1 week

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

3. Galaxy Surfactants (GALAXYSURF)

Galaxy Surfactants is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.1830.50 Cr. and Equity Capital is Rs.35.45 Cr. for the Year ended 31/03/2021. Galaxy Surfactants Ltd. is a Public Limited Listed company incorporated on 20/05/1986 and has its registered office in the State of Maharashtra, India.

GALAXYSURF Share Price Details for Today: 

- Current Market Price: Rs.2,863

- Stop Loss: Rs.2,790

- Target 1: Rs.2,940

- Target 2: Rs.3,020

- 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.

4. CCL Products (CCL)

CCL Products India is involved in the business activities of Coffee curing, roasting, grinding blending etc. and manufacturing of coffee products. Company’s Total Operating Revenue is Rs.795.07 Cr. and Equity Capital is Rs.26.61 Cr. for the Year ended 31/03/2021. CCL Products India Ltd. is a Public Limited Listed company incorporated on 22/03/1961 and has its registered office in the State of Andhra Pradesh, India.

CCL Share Price Details for Today: 

- Current Market Price: Rs.390

- Stop Loss: Rs.381

- Target 1: Rs.399

- Target 2: Rs.407

- 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.

5. Hitachi Energy (POWERINDIA)

Hitachi Energy India is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs.3420.44 Cr. and Equity Capital is Rs.8.48 Cr. for the Year ended 31/12/2020. Hitachi Energy India Ltd. is a Public Limited Listed company incorporated on 19/02/2019 and has its registered office in the State of Karnataka, India.

POWERINDIA Share Price Details for Today: 

- Current Market Price: Rs.3,460

- Stop Loss: Rs.3,375

- Target 1: Rs.3,545

- Target 2: Rs.3,650

- 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.

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets. SGX Nifty is trading at 16,885 levels, up 232.50 points. (Updated at 8:40 AM).

International Market

Asian Market:

Most Asian stocks were trading in the green territory. Japan's benchmark Nikkei 225 is up 1.73% to trade at 25,784.71. Hong Kong's Hang Seng is trading up 1.64% at 18,717.75, while the Shanghai Composite trades down 0.66% at 3,043.89.

US Market:

US stocks closed higher as inflation worries ebbed and oil prices slid. The Dow Jones Industrial Average closed up 1.82% at 33,544.34; the S&P 500 closed up 2.14%, at 4,262.45; and the Nasdaq Composite closed up 2.92% at 12,948.62.