Stocks to Buy Today: December 22, 2021 TCI EXPRESS-VARDHMAN TEXTILES-PRECWIRE

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 December 22

1. Precision Wires (PRECWIRE)

Precision Wires India is involved in the business activities of Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium). Company’s Total Operating Revenue is Rs.1718.60 Cr. and Equity Capital is Rs.11.56 Cr. for the Year ended 31/03/2021. Precision Wires India Ltd. is a Public Limited Listed company incorporated on 23/11/1989 and has its registered office in the State of Maharashtra, India.

PRECWIRE Share Price Details for Today: 

- Current Market Price: Rs. 407

- Stop Loss: Rs. 395

- Target 1: Rs. 421

- Target 2: Rs. 443

- 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.

2. Pokarna Ltd (POKARNA)

Pokarna Ltd. is involved in the business activities of Cutting, shaping and finishing of stone. Company’s Total Operating Revenue is Rs.76.93 Cr. and Equity Capital is Rs.6.20 Cr. for the Year ended 31/03/2021. Pokarna Ltd. is a Public Limited Listed company incorporated on 09/10/1991 and has its registered office in the State of Telangana, India.

POKARNA Share Price Details for Today: 

- Current Market Price: Rs. 701

- Stop Loss: Rs. 680

- Target 1: Rs. 723

- Target 2: Rs. 750

- Holding Period: 1 week

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

3. Vardham Textiles (VTL)

Vardhman Textiles Lt 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. 2,265

- Stop Loss: Rs. 2,200

- Target 1: Rs. 2,335

- Target 2: Rs. 2,400

- Holding Period: 1 week

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

4. TCI Express (TCIEXPRESS)

TCI Express is involved in the business activities of Cargo handling incidental to land transport. Company’s Total Operating Revenue is Rs.843.99 Cr. and Equity Capital is Rs.7.69 Cr. for the Year ended 31/03/2021. TCI Express Ltd. is a Public Limited Listed company incorporated on 10/11/2008 and has its registered office in the State of Telangana, India.

TCIEXPRESS Share Price Details for Today: 

- Current Market Price: Rs. 2,141

- Stop Loss: Rs. 2,090

- Target 1: Rs. 2,195

- Target 2: Rs. 2,250

- 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. LA OPALA (LAOPALA)

LA Opala Rg Ltd. is involved in the business activities of Manufacture of table or kitchen glassware. Company’s Total Operating Revenue is Rs.211.28 Cr. and Equity Capital is Rs.22.20 Cr. for the Year ended 31/03/2021. La Opala RG Ltd. is a Public Limited Listed company incorporated on 11/06/1987 and has its registered office in the State of West Bengal, India.

LAOPALA Share Price Details for Today: 

- Current Market Price: Rs. 421

- Stop Loss: Rs. 410

- Target 1: Rs. 433

- Target 1: Rs. 452

- 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.

Share Market Today

SGX Nifty:

SGX Nifty indicates a negative opening for the Indian markets. SGX Nifty is trading at 16,878 levels, down 33.75 points. (Updated at 8:08 AM).

International Markets:

Asian Market:

Asian stocks are trading higher. Japan's benchmark Nikkei 225 up 0.10% to trade at 28,545.70. Hong Kong's Hang Seng is trading up 0.80% at 23,154.32, while the Shanghai Composite trades up 0.14% at 3,630.25.

US Market:

US stocks closed higher despite an increase in instances of the Omicron coronavirus type around the world. The Dow Jones Industrial Average closed up 1.60% at 35,492.70; the S&P 500 closed up 1.78%, at 4,649.23; and the Nasdaq Composite closed up 2.40%, at 15,341.09.