Stocks to Buy Today: 5 Best Shares to Buy on 24-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 24

1. Linde India (LINDEINDIA)

Linde India is involved in the business activities of Manufacture of liquefied or compressed inorganic industrial or medical gases (elemental gases, liquid or compressed air, refrigerant gases, mixed industrial gases etc.). Company’s Total Operating Revenue is Rs.2111.96 Cr. and Equity Capital is Rs.85.28 Cr. for the Year ended 31/12/2021. Linde India Ltd. is a Public Limited Listed company incorporated on 24/01/1935 and has its registered office in the State of West Bengal, India.

LINDEINDIA Share Price Details for Today: 

- Current Market Price: Rs.3,508

- Stop Loss: Rs.3,420

- Target 1: Rs.3,600

- Target 2: Rs.3,675

- 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. Shivalik Bimetal (SBCL)

Shivalik Bimetal is involved in the business activities of Manufacturing of chrome, manganese and nickel products alloys. Company’s Total Operating Revenue is Rs.203.72 Cr. and Equity Capital is Rs.7.68 Cr. for the Year ended 31/03/2021. Shivalik Bimetal Controls Ltd. is a Public Limited Listed company incorporated on 18/06/1984 and has its registered office in the State of Himachal Pradesh, India.

SBCL Share Price Details for Today: 

- Current Market Price: Rs.527

- Stop Loss: Rs.513

- Target 1: Rs.541

- Target 2: Rs.556

- 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 Elxsi (TATAELXSI)

Tata Elxsi belongs to the Industry of IT Consulting & Software. Company’s Total Operating Revenue is Rs.1826.16 Cr. and Equity Capital is Rs.62.28 Cr. for the Year ended 31/03/2021. Tata Elxsi Ltd. is a Public Limited Listed company incorporated on 30/03/1989 and has its registered office in the State of Karnataka, India.

TATAELXSI Share Price Details for Today: 

- Current Market Price: Rs.7,692

- Stop Loss: Rs.7,520

- Target 1: Rs.7,865

- Target 2: Rs.8,030

- 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. Triveni Turbine (TRITURBINE)

Triveni Turbine is involved in the business activities of Manufacture of general purpose machinery. Company’s Total Operating Revenue is Rs.696.93 Cr. and Equity Capital is Rs.32.33 Cr. for the Year ended 31/03/2021. Triveni Turbine Ltd. is a Public Limited Listed company incorporated on 27/06/1995 and has its registered office in the State of Uttar Pradesh, India.

TRITURBINE Share Price Details for Today: 

- Current Market Price: Rs.199

- Stop Loss: Rs.194

- Target 1: Rs.204

- Target 2: Rs.209

- 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. Vardham Textiles (VTL)

Vardhman Textiles is involved in the business activities of Spinning, weaving and finishing of textiles. Company’s Total Operating Revenue is Rs.5787.64 Cr. and Equity Capital is Rs.57.56 Cr. for the Year ended 31/03/2021. Vardhman Textiles Ltd. is a Public Limited Listed company incorporated on 08/10/1973 and has its registered office in the State of Punjab, India.

VTL Share Price Details for Today: 

- Current Market Price: Rs.2,639

- Stop Loss: Rs.2,580

- Target 1: Rs.2,699

- Target 2: Rs.2,771

- 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 negative opening for the Indian markets. SGX Nifty is trading at 17,203.20 levels, down 52.45 points. (Updated at 8:10 AM).

International Market

Asian Market:

Asian stocks were trading negative. Japan's benchmark Nikkei 225 is down 1.02% to trade at 27,753.50. Hong Kong's Hang Seng is trading down 0.61% at 22018, while the Shanghai Composite trades down 0.69% at 3,248.33.

US Market:

US stocks closed lower as oil price rose again and large cap stocks fell. The Dow Jones Industrial Average closed down 1.29% at 34,358.50; the S&P 500 closed down 1.23%, at 4456.23; and the Nasdaq Composite closed down 1.32% at 13922.60.

Also read : What’s driving growth in general insurance industry and how you can play it