Stocks to Buy Today: 5 Best Shares to Buy on 17-May-22

stocks to buy on 17-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

JKPAPER

BUY

338

330

346

355

HAL

BUY

1600

1554

1647

1690

JKCEMENT

BUY

2391

2330

2452

2520

BDL

BUY

689

673

705

720

LICHSGFIN

BUY

345

337

353

361


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 17, 2022

1. JK PAPER (JKPAPER)

JK Paper Ltd. is involved in the business activities of manufacture of pulp, paper and paperboard. Company’s Total Operating Revenue is Rs.2741.60 Cr. and Equity Capital is Rs.169.40 Cr. for the year ended 31/03/2021. JK Paper Ltd. is a Public Limited Listed company incorporated on 04/07/1960 and has its registered office in the State of Gujarat, India.


JKPAPER Share Price Target for Today

- Current Market Price: Rs.338

- Stop Loss: Rs.330

- Target 1: Rs.346

- Target 2: Rs.355

- Holding Period: 1 week

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

2. HINDUSTAN AERONAUTICS (HAL)

Hindustan Aeronautic belongs to the Industry of Engineering - Heavy. Company’s Total Operating Revenue is Rs.22754.58 Cr. and Equity Capital is Rs.334.39 Cr. for the Year ended 31/03/2021. Hindustan Aeronautics Ltd. is a Public Limited Listed company incorporated on 16/08/1963 and has its registered office in the State of Karnataka, India.


HAL Share Price Target for Today

- Current Market Price: Rs.1,600

- Stop Loss: Rs.1,554

- Target 1: Rs.1,647

- Target 2: Rs.1,690

- 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. 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 Target for Today

- Current Market Price: Rs.2,391

- Stop Loss: Rs.2,330

- Target 1: Rs.2,452

- Target 2: Rs.2,520

- 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. Bharat Dynamics (BDL)

Bharat Dynamics is involved in the business activities of manufacture of weapons and ammunition. Company’s Total Operating Revenue is Rs.1913.76 Cr. and Equity Capital is Rs.183.28 Cr. for the Year ended 31/03/2021. Bharat Dynamics Ltd. is a Public Limited Listed company incorporated on 16/07/1970 and has its registered office in the State of Telangana, India.


BDL Share Price Target for Today

- Current Market Price: Rs.689

- Stop Loss: Rs.673

- Target 1: Rs.705

- Target 2: Rs.720

- 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. LIC Housing (LICHSGFIN)

LIC Housing Finance is involved in the business activities of activities of specialized institutions granting credit for house purchases that also take deposits. Company’s Total Operating Revenue is Rs.19847.15 Cr. and Equity Capital is Rs.100.99 Cr. for the Year ended 31/03/2021. LIC Housing Finance Ltd. is a Public Limited Listed company incorporated on 19/06/1989 and has its registered office in the State of Maharashtra, India.

LICHSGFIN Share Price Target for Today

- Current Market Price: Rs.345

- Stop Loss: Rs.337

- Target 1: Rs.353

- Target 2: Rs.361

- 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)

15,874.00

+0.19%

Nikkei 225 (8:00 AM)

26,601.03

+0.20%

Shanghai Composite (8:00 AM)

3,065.65

-0.26%

Hang Seng (8:00 AM)

20,270.74

+1.61%

Dow Jones (last close)

32,223.42

+0.08%

S&P 500 (last close)

4,008.01

-0.39%

Nasdaq (last close)

11,662.79

-1.20%

 

SGX Nifty indicates a positive opening for the Indian markets. Most Asian stocks rose Tuesday amid a jump in some technology firms and as investors evaluated China’s efforts to stamp out a Covid outbreak. US stocks closed lower as the broader market index failed to recover from last week’s losses and traders weighed the potential for a U.S. recession.

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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 is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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