Stocks to Buy Today: 5 Best Shares to Buy on 22-Apr-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 on April 22, 2022
 

1. Adani Enterprises (ADANIENT)

Adani Enterprises Ltd is involved in the business activities of Wholesale of solid, liquid and gaseous fuels and related products. Company’s Total Operating Revenue is Rs.13358.73 Cr. and Equity Capital is Rs.109.98 Cr. for the Year ended 31/03/2021. Adani Enterprises Ltd. is a Public Limited Listed company incorporated on 02/03/1993 and has its registered office in the State of Gujarat, India.

ADANIENT Share Price Target for Today: 

- Current Market Price: Rs.2,286

- Stop Loss: Rs.2,230

- Target 1: Rs.2,345

- Target 2: Rs.2,418

- Holding Period: 1 week

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

2. Welspun Corp (WELCORP)

Welspun Corp is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company’s Total Operating Revenue is Rs.4642.11 Cr. and Equity Capital is Rs.130.44 Cr. for the Year ended 31/03/2021. Welspun Corp Ltd. is a Public Limited Listed company incorporated on 26/04/1995 and has its registered office in the State of Gujarat, India.

WELCORP Share Price Target for Today: 

- Current Market Price: Rs.217

- Stop Loss: Rs.211

- Target 1: Rs.223

- Target 2: Rs.229

- 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.

3. Polycab India (POLYCAB)

Polycab India is involved in the business activities of Manufacture of other electronic and electric wires and cables. Company’s Total Operating Revenue is Rs.8736.36 Cr. and Equity Capital is Rs.149.12 Cr. for the Year ended 31/03/2021. Polycab India Ltd. is a Public Limited Listed company incorporated on 01/01/1996 and has its registered office in the State of Delhi, India.

POLYCAB Share Price Target for Today: 

- Current Market Price: Rs.2,744

- Stop Loss: Rs.2,675

- Target 1: Rs.2,815

- Target 2: Rs.2,875

- 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. RUPA (RUPA)

Rupa & Company L is involved in the business activities of Manufacture of other knitted and crocheted apparel including hosiery. Company’s Total Operating Revenue is Rs.1261.22 Cr. and Equity Capital is Rs.7.96 Cr. for the Year ended 31/03/2021. Rupa & Company Ltd. is a Public Limited Listed company incorporated on 06/02/1985 and has its registered office in the State of West Bengal, India.

RUPA Share Price Target for Today: 

- Current Market Price: Rs.524

- Stop Loss: Rs.511

- Target 1: Rs.537

- Target 2: Rs.551

- 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. Avadh Sugar (AVADHSUGAR)

Avadh Sugar & Energy is involved in the business activities of Manufacture of sugar. Company’s Total Operating Revenue is Rs.2710.52 Cr. and Equity Capital is Rs.20.02 Cr. for the Year ended 31/03/2021. Avadh Sugar & Energy Ltd. is a Public Limited Listed company incorporated on 19/03/2015 and has its registered office in the State of Uttar Pradesh, India. 

AVADHSUGAR Share Price Target for Today: 

- Current Market Price: Rs.864

- Stop Loss: Rs.841

- Target 1: Rs.887

- Target 2: Rs.912

- 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.

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