Stocks to Buy Today: 5 Best Shares to Buy on 30-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 30

1. RHI Magnesita (RHIM)

RHI Magnesita India is involved in the business activities of Manufacture of millstones, sharpening or polishing stones and natural or artificial abrasive products, including abrasive powder or grain on a base of textile material, paper, paper board or other material. Company’s Total Operating Revenue is Rs.1366.41 Cr. and Equity Capital is Rs.12.01 Cr. for the Year ended 31/03/2021. RHI Magnesita India Ltd. is a Public Limited Listed company incorporated on 26/11/2010 and has its registered office in the State of Delhi, India.

RHIM Share Price Details for Today: 

- Current Market Price: Rs.629

- Stop Loss: Rs.612

- Target 1: Rs.646

- Target 2: Rs.665

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

2. Bajaj Electricals (BAJAJELEC)

Bajaj Electricals is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs.4573.06 Cr. and Equity Capital is Rs.22.91 Cr. for the Year ended 31/03/2021. Bajaj Electricals Ltd. is a Public Limited Listed company incorporated on 14/07/1938 and has its registered office in the State of Maharashtra, India.

BAJAJELEC Share Price Details for Today: 

- Current Market Price: Rs.1,071

- Stop Loss: Rs.1,043

- Target 1: Rs.1,100

- Target 2: Rs.1.140

- 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. Intellect Design (INTELLECT)

Intellect Design is involved in the business activities of Providing software support and maintenance to the clients. Company’s Total Operating Revenue is Rs.1003.23 Cr. and Equity Capital is Rs.66.49 Cr. for the Year ended 31/03/2021. Intellect Design Arena Ltd. is a Public Limited Listed company incorporated on 18/04/2011 and has its registered office in the State of Tamil Nadu, India.

INTELLECT Share Price Details for Today: 

- Current Market Price: Rs.904

- Stop Loss: Rs.880

- Target 1: Rs.929

- Target 2: Rs.951

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

4. Everest Industries (EVERESTIND)

Everest Industries L is involved in the business activities of Assembly and erection of prefabricated constructions on the site. Company’s Total Operating Revenue is Rs.1213.24 Cr. and Equity Capital is Rs.15.64 Cr. for the Year ended 31/03/2021. Everest Industries Ltd. is a Public Limited Listed company incorporated on 03/04/1934 and has its registered office in the State of Maharashtra, India.

EVERESTIND Share Price Details for Today: 

- Current Market Price: Rs.756

- Stop Loss: Rs.735

- Target 1: Rs.778

- Target 2: Rs.795

- 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. Suprajit Engineering (SUPRAJIT)

Suprajit Engineering belongs to the Industry of Auto Ancl - Equipment Others. Company’s Total Operating Revenue is Rs.1112.28 Cr. and Equity Capital is Rs.13.99 Cr. for the Year ended 31/03/2021. Suprajit Engineering Ltd. is a Public Limited Listed company incorporated on 24/05/1985 and has its registered office in the State of Karnataka, India.

SUPRAJIT Share Price Details for Today: 

- Current Market Price: Rs.329

- Stop Loss: Rs.321

- Target 1: Rs.337

- Target 2: Rs.347

- 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.

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets. SGX Nifty is trading at 17,526 levels, up 148 points. (Updated at 8:40 AM).

International Market

Asian Market:

Most Asian stocks were trading in the green territory. Japan's benchmark Nikkei 225 is down 1.27% to trade at 27,893.92. Hong Kong's Hang Seng is trading up 0.91% at 22,126.78, while the Shanghai Composite trades up 0.85% at 3,231.02.

US Market:

US stocks closed higher as talks on ending the war in Ukraine showed signs of progress. The Dow Jones Industrial Average closed up 0.97% at 35,294.19; the S&P 500 closed up 1.23%, at 4,631.60; and the Nasdaq Composite closed up 1.84% at 14,619.64.

Also read: Five Midcap stocks in news