Stocks to Buy Today: 5 Best Shares to Buy on 28-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 28, 2022

1. Tata Steel (TATASTEEL)

Tata Steel is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs.64869.00 Cr. and Equity Capital is Rs.1198.78 Cr. for the Year ended 31/03/2021. Tata Steel Ltd. is a Public Limited Listed company incorporated on 26/08/1907 and has its registered office in the State of Maharashtra, India.

TATASTEEL Share Price Target for Today: 

- Current Market Price: Rs.1,247

- Stop Loss: Rs.1,215

- Target 1: Rs.1,279

- Target 2: Rs.1,310

- Holding Period: 1 week

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

2. Chennai Petroleum (CHENNPETRO)

Chennai Petroleum belongs to the Industry of Refineries. Company’s Total Operating Revenue is Rs.22444.76 Cr. and Equity Capital is Rs.148.91 Cr. for the Year ended 31/03/2021. Chennai Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 30/12/1965 and has its registered office in the State of Tamil Nadu, India.

CHENNPETRO Share Price Target for Today: 

- Current Market Price: Rs.239

- Stop Loss: Rs.233

- Target 1: Rs.245

- Target 2: Rs.252

- 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. IIFL Finance (IIFL)

IIFL Finance is involved in the business activities of Other credit granting. Company’s Total Operating Revenue is Rs.3397.27 Cr. and Equity Capital is Rs.75.77 Cr. for the Year ended 31/03/2021. IIFL Finance Ltd. is a Public Limited Listed company incorporated on 18/10/1995 and has its registered office in the State of Maharashtra, India.

IIFL Share Price Target for Today: 

- Current Market Price: Rs.388

- Stop Loss: Rs.379

- Target 1: Rs.397

- Target 2: Rs.411

- 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. Persistent Systems (PERSISTENT)

Persistent Systems is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.2479.61 Cr. and Equity Capital is Rs.76.43 Cr. for the Year ended 31/03/2021. Persistent Systems Ltd. is a Public Limited Listed company incorporated on 30/05/1990 and has its registered office in the State of Maharashtra, India.

PERSISTENT Share Price Target for Today: 

- Current Market Price: Rs.4,077

- Stop Loss: Rs.3,965

- Target 1: Rs.4,190

- Target 2: Rs.4,300

- 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. Elgi Equipments (ELGIEQUIP)

Elgi Equipments is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs.1100.17 Cr. and Equity Capital is Rs.31.69 Cr. for the Year ended 31/03/2021. Elgi Equipments Ltd. is a Public Limited Listed company incorporated on 14/03/1960 and has its registered office in the State of Tamil Nadu, India.

ELGIEQUIP Share Price Target for Today: 

- Current Market Price: Rs.346

- Stop Loss: Rs.338

- Target 1: Rs.354

- Target 2: Rs.363

- 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.

Share Market Today