Stocks to Buy Today: December 30, 2021 - Tata Elxsi, Poonawalla, Laxmi Organic

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 30

1. RADICO KHAITAN (RADICO)

Radico Khaitan is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs.2418.14 Cr. and Equity Capital is Rs.26.71 Cr. for the Year ended 31/03/2021. Radico Khaitan Ltd. is a Public Limited Listed company incorporated on 21/07/1983 and has its registered office in the State of Uttar Pradesh, India.

RADICO Share Price Details for Today: 

- Current Market Price: Rs.1,242

- Stop Loss: Rs.1,210

- Target 1: Rs.1,280

- Target 2: Rs.1,325

- 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. POONAWALLA FINCORP (POONAWALLA)

Poonawalla Fincorp is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs.1848.73 Cr. and Equity Capital is Rs.53.92 Cr. for the Year ended 31/03/2021. Poonawalla Fincorp Ltd. is a Public Limited Listed company incorporated on 18/12/1978 and has its registered office in the State of West Bengal, India.

POONAWALLA Share Price Details for Today: 

- Current Market Price: Rs.218

- Stop Loss: Rs.212

- Target 1: Rs.225

- Target 2: Rs.236

- 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. LAXMI ORGANIC (LXCHEM)

Laxmi Organic Indust is involved in the business activities of Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.1606.11 Cr. and Equity Capital is Rs.52.73 Cr. for the Year ended 31/03/2021. Laxmi Organic Industries Ltd. is a Public Limited Listed company incorporated on 15/05/1989 and has its registered office in the State of Maharashtra, India.

LXCHEM Share Price Details for Today: 

- Current Market Price: Rs.436

- Stop Loss: Rs.424

- Target 1: Rs.449

- Target 2: Rs.461

- 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.

4. 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.5,707

- Stop Loss: Rs.5,600

- Target 1: Rs.5,822

- Target 2: Rs.5,970

- 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. NACL INDUSTRIES (NACLIND)

Nacl Industries L is involved in the business activities of Manufacture of insecticides, rodenticides, fungicides, herbicides. Company’s Total Operating Revenue is Rs.1191.37 Cr. and Equity Capital is Rs.19.62 Cr. for the Year ended 31/03/2021. NACL Industries Ltd. is a Public Limited Listed company incorporated on 11/11/1986 and has its registered office in the State of Telangana, India.

NACLIND Share Price Details for Today: 

- Current Market Price: Rs.99

- Stop Loss: Rs.96

- Target 1: Rs.103

- Target 1: Rs.110

- 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 flat opening for the Indian markets. SGX Nifty is trading at 17,225 levels, up 11.50 points. (Updated at 8:26 AM).

International Market

Asian Market: Asian stocks were trading mixed. Japan's benchmark Nikkei 225 down 0.07% to trade at 28,886.09. Hong Kong's Hang Seng is trading up 0.65% at 23,237.39, while the Shanghai Composite trades up 0.78% at 3,624.99.

US Market: US stocks closed flat-to-positive with only two trading days left in the year. The Dow Jones Industrial Average closed up 0.25% at 36,488.63; the S&P 500 closed up 0.14%, at 4,793.06; and the Nasdaq Composite closed down 0.10%, at 15,766.21.