Stocks to Buy Today: 5 Best Shares to Buy on 23-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 23

1. TV18 BROADCAST (TV18BRDCST)

Tv18 Broadcast is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs.1104.18 Cr. and Equity Capital is Rs.342.87 Cr. for the Year ended 31/03/2021. TV18 Broadcast Ltd. is a Public Limited Listed company incorporated on 06/06/2005 and has its registered office in the State of Maharashtra, India.

TV18BRDCST Share Price Details for Today: 

- Current Market Price: Rs.73

- Stop Loss: Rs.71

- Target 1: Rs.75

- Target 2: Rs.79

- 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. Gujarat Narmada (GNFC)

Gujarat Narmada Valley is involved in the business activities of Manufacture of urea and other organic fertilizers. Company’s Total Operating Revenue is Rs.5128.69 Cr. and Equity Capital is Rs.155.42 Cr. for the Year ended 31/03/2021. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is a Public Limited Listed company incorporated on 10/05/1976 and has its registered office in the State of Gujarat, India

GNFC Share Price Details for Today: 

- Current Market Price: Rs.779

- Stop Loss: Rs.778

- Target 1: Rs.820

- Target 2: Rs.842

- 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. Tata Motors (TATAMOTORS)

Tata Motors Ltd. is involved in the business activities of Manufacture of motor vehicles. Company’s Total Operating Revenue is Rs.47031.47 Cr. and Equity Capital is Rs.765.81 Cr. for the Year ended 31/03/2021. Tata Motors Ltd. is a Public Limited Listed company incorporated on 01/09/1945 and has its registered office in the State of Maharashtra, India.

TATAMOTORS Share Price Details for Today: 

- Current Market Price: Rs.440

- Stop Loss: Rs.429

- Target 1: Rs.451

- Target 2: Rs.467

- 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. GHCL Ltd (GHCL)

GHCL is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs.2823.09 Cr. and Equity Capital is Rs.95.01 Cr. for the Year ended 31/03/2021. GHCL Ltd. is a Public Limited Listed company incorporated on 14/10/1983 and has its registered office in the State of Gujarat, India.

GHCL Share Price Details for Today: 

- Current Market Price: Rs.557

- Stop Loss: Rs.543

- Target 1: Rs.571

- Target 2: Rs.585

- 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. Jubilant Foodworks (JUBLFOOD)

Jubilant Foodworks Ltd is involved in the business activities of Tea/coffee shops. Company’s Total Operating Revenue is Rs.3268.87 Cr. and Equity Capital is Rs.131.97 Cr. for the Year ended 31/03/2021. Jubilant Foodworks Ltd. is a Public Limited Listed company incorporated on 16/03/1995 and has its registered office in the State of Uttar Pradesh, India.

JUBLFOOD Share Price Details for Today: 

- Current Market Price: Rs.2,621

- Stop Loss: Rs.2,565

- Target 1: Rs.2,678

- Target 2: Rs.2,735

- 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 17,449.50 levels, up 68.50 points. (Updated at 8:00 AM).

International Market

Asian Market:

Asian stocks were trading positive. Japan's benchmark Nikkei 225 is up 2.65% to trade at 27,944.50. Hong Kong's Hang Seng is trading up 1.44% at 22204, while the Shanghai Composite trades up 0.34% at 3,270.96.

US Market:

US stocks closed higher as investors factor in hawkish Fed comments. The Dow Jones Industrial Average closed up 0.74% at 34,807.50; the S&P 500 closed up 1.13%, at 4511.61; and the Nasdaq Composite closed up 1.95% at 14108.80.