Stocks to Buy Today: December 31, 2021 - Persistent, KPIT Tech, Relaxo Footwears

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 31

1. KPIT Technologies (KPITTECH)

KPIT Technologies is involved in the business activities of Architecture and engineering activities; technical testing and analysis. Company’s Total Operating Revenue is Rs. 802.85 Cr. and Equity Capital is Rs. 269.04 Cr. for the Year ended 31/03/2021. KPIT Technologies Ltd. is a Public Limited Listed company incorporated on 08/01/2018 and has its registered office in the State of Maharashtra, India.

KPITTECH Share Price Details for Today: 

- Current Market Price: Rs.598

- Stop Loss: Rs.585

- Target 1: Rs.612

- Target 2: Rs.627

- 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. 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 Details for Today: 

- Current Market Price: Rs.4,811

- Stop Loss: Rs.4,700

- Target 1: Rs.4,930

- Target 2: Rs.5,100

- 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. Sunteck Realty (SUNTECK)

Sunteck Realty Ltd. is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs.313.90 Cr. and Equity Capital is Rs.14.64 Cr. for the Year ended 31/03/2021. Sunteck Realty Ltd. is a Public Limited Listed company incorporated on 01/10/1981 and has its registered office in the State of Maharashtra, India.

SUNTECK Share Price Details for Today: 

- Current Market Price: Rs.496

- Stop Loss: Rs.483

- Target 1: Rs.510

- Target 2: Rs.522

- 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. Relaxo Footwears (RELAXO)

Relaxo Footwears is involved in the business activities of Manufacture of footwear made primarily of vulcalized or moulded rubber and plastic.. Company’s Total Operating Revenue is Rs.2359.15 Cr. and Equity Capital is Rs.24.84 Cr. for the Year ended 31/03/2021. Relaxo Footwears Ltd. is a Public Limited Listed company incorporated on 13/09/1984 and has its registered office in the State of Delhi, India.

RELAXO Share Price Details for Today: 

- Current Market Price: Rs.1,310

- Stop Loss: Rs.1,274

- Target 1: Rs.1,350

- Target 2: Rs.1,485

- Holding Period: 1 week

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

5. Coforge LTD (COFORGE)

Coforge is involved in the business activities of Computer programming activities. Company’s Total Operating Revenue is Rs.2412.40 Cr. and Equity Capital is Rs.60.60 Cr. for the Year ended 31/03/2021. Coforge Ltd. is a Public Limited Listed company incorporated on 13/05/1992 and has its registered office in the State of Delhi, India.

COFORGE Share Price Details for Today: 

- Current Market Price: Rs.5,861

- Stop Loss: Rs.5,730

- Target 1: Rs.6,000

- Target 1: Rs.6,150

- 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.

Share Market Today

SGX Nifty: SGX Nifty indicates a flat-to-negative opening for the Indian markets. SGX Nifty is trading at 17,278.50 levels, down 16.50 points. (Updated at 8:30 AM).

International Market

Asian Market: Most Asian stocks are trading higher, boosted by a rally in a Hong Kong index of technology firms, following a surge in US-listed Chinese equities. Japan's benchmark Nikkei 225 down 0.40% to trade at 28,791.71. Hong Kong's Hang Seng is trading up 1.58% at 23,476.46, while the Shanghai Composite trades up 0.46% at 3,635.86.

US Market: US stocks closed lower. The Dow Jones Industrial Average closed down 0.25% at 36,398.08; the S&P 500 closed down 0.30%, at 4,778.73; and the Nasdaq Composite closed down 0.16%, at 15,741.57.