Stocks to Buy Today: 5 Best Shares to Buy on 17-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 17

1. JK Cement (JKCEMENT)

JK Cement is involved in the business activities of Manufacture of cement, lime and plaster. Company’s Total Operating Revenue is Rs.6328.28 Cr. and Equity Capital is Rs.77.27 Cr. for the Year ended 31/03/2021. JK Cement Ltd. is a Public Limited Listed company incorporated on 24/11/1994 and has its registered office in the State of Uttar Pradesh, India.

JKCEMENT Share Price Details for Today: 

- Current Market Price: Rs.2,486

- Stop Loss: Rs.2,420

- Target 1: Rs.2,554

- Target 2: Rs.2,620

- 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.

2. 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.10427.92 Cr. and Equity Capital is Rs.62.60 Cr. for the Year ended 31/03/2021. 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 Details for Today: 

- Current Market Price: Rs.1,136

- Stop Loss: Rs.1,105

- Target 1: Rs.1,168

- Target 2: Rs.1,225

- 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.

3. Balkrishna Industries (BALKRISIND)

Balkrishna Ind. is involved in the business activities of Manufacture of rubber tyres and tubes. Company’s Total Operating Revenue is Rs.5757.92 Cr. and Equity Capital is Rs.38.66 Cr. for the Year ended 31/03/2021. Balkrishna Industries Ltd. is a Public Limited Listed company incorporated on 20/11/1961 and has its registered office in the State of Maharashtra, India.

BALKRISIND Share Price Details for Today: 

- Current Market Price: Rs.2,059

- Stop Loss: Rs.2,010

- Target 1: Rs.2,110

- Target 2: Rs.2,180

- 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. Infosys Ltd (INFY)

Infosys is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.85912.00 Cr. and Equity Capital is Rs.2130.00 Cr. for the Year ended 31/03/2021. Infosys Ltd. is a Public Limited Listed company incorporated on 02/07/1981 and has its registered office in the State of Karnataka, India.

INFY Share Price Details for Today: 

- Current Market Price: Rs.1,889

- Stop Loss: Rs.1,839

- Target 1: Rs.1,940

- Target 2: Rs.2,016

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

5. 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 Details for Today: 

- Current Market Price: Rs.3,081

- Stop Loss: Rs.3,000

- Target 1: Rs.3,165

- Target 2: Rs.3,230

- Holding Period: 1 week

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

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets. SGX Nifty is trading at 17,268 levels, up 261 points. (Updated at 8:20 AM).

International Market

Asian Market:

Asian stocks were trading in the green territory. Japan's benchmark Nikkei 225 is up 3.04% to trade at 26,544.46. Hong Kong's Hang Seng is trading up 4.48% at 20,987.31, while the Shanghai Composite trades up 1.70% at 3,224.54.

US Market:

US stocks closed higher after the Federal Reserve raised rates and said it would hike another six times this year. The Dow Jones Industrial Average closed up 1.55% at 34,063.10; the S&P 500 closed up 2.24%, at 4,357.86; and the Nasdaq Composite closed up 3.77% at 13,436.55.