Stocks to Buy Today: February 01 2022 - Gujarat Fluoro, Birlasoft, Birla Corpn

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 February 01

1. Agarwal Industrial (AGARIND)

Agarwal Industrial is involved in the business activities of Manufacture of other petroleum (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals). Company’s Total Operating Revenue is Rs.833.29 Cr. and Equity Capital is Rs.10.26 Cr. for the Year ended 31/03/2021. Agarwal Industrial Corporation Ltd. is a Public Limited Listed company incorporated on 13/01/1995 and has its registered office in the State of Maharashtra, India.

AGARIND Share Price Details for Today: 

- Current Market Price: Rs.548

- Stop Loss: Rs.534

- Target 1: Rs.563

- Target 2: Rs.585

- 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. Gujarat Fluorochemicals (FLUOROCHEM)

Gujarat Fluorochemicals belongs to the Industry of Chemicals - Speciality - Others. Company’s Total Operating Revenue is Rs.2523.61 Cr. and Equity Capital is Rs.10.99 Cr. for the Year ended 31/03/2021. Gujarat Fluorochemicals Ltd. is a Public Limited Listed company incorporated on 06/12/2018 and has its registered office in the State of Gujarat, India.

FLUOROCHEM Share Price Details for Today: 

- Current Market Price: Rs.2,793

- Stop Loss: Rs.2,720

- Target 1: Rs.2,870

- Target 2: Rs.2,960

- Holding Period: 1 week

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

3. Affle India (AFFLE)

Affle (India) belongs to the Industry of Entertainment & Media. Company’s Total Operating Revenue is Rs.266.73 Cr. and Equity Capital is Rs.25.50 Cr. for the Year ended 31/03/2021. Affle (India) Ltd. is a Private Limited Listed company incorporated on 18/08/1994 and has its registered office in the State of Maharashtra, India.

AFFLE Share Price Details for Today: 

- Current Market Price: Rs.1,310

- Stop Loss: Rs.1,275

- Target 1: Rs.1,348

- Target 2: Rs.1,400

- 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. Birlasoft LTD (BSOFT)

Birlasoft is involved in the business activities of Writing , modifying, testing of computer program to meet the needs of a particular client excluding web-page designing. Company’s Total Operating Revenue is Rs.1640.53 Cr. and Equity Capital is Rs.55.46 Cr. for the Year ended 31/03/2021. Birlasoft Ltd. is a Public Limited Listed company incorporated on 28/12/1990 and has its registered office in the State of Maharashtra, India.

BSOFT Share Price Details for Today: 

- Current Market Price: Rs.476

- Stop Loss: Rs.465

- Target 1: Rs.487

- Target 2: Rs.502

- 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. Birla Corporation (BIRLACORPN)

Birla Corporation Ltd is involved in the business activities of Finishing of jute, mesta and other vegetable textiles fabrics. Company’s Total Operating Revenue is Rs.4442.15 Cr. and Equity Capital is Rs.77.01 Cr. for the Year ended 31/03/2021. Birla Corporation Ltd. is a Public Limited Listed company incorporated on 25/08/1919 and has its registered office in the State of West Bengal, India.

BIRLACORPN Share Price Details for Today: 

- Current Market Price: Rs.1,361

- Stop Loss: Rs.1,325

- Target 1: Rs.1,405

- Target 2: Rs.1,470

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is near support hence making this stock best stock to buy.

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets with all eyes on Union Budget 2022, which will begin at 11:00 AM. SGX Nifty is trading at 17,509 levels, up 160.50 points. (Updated at 8:10 AM). 

International Market

Asian Market:

Asian stocks are trading in positive territory. Japan's benchmark Nikkei 225 is up 0.69% to trade at 27,188.29.

US Market:

US stocks closed higher on Monday. The Dow Jones Industrial Average closed up 1.17% at 35,131.86; the S&P 500 closed up 1.89%, at 4,515.55; and the Nasdaq Composite closed up 3.41%, at 14,239.88.