Stocks to Buy Today: February 03 2022 - Varroc, GHCL, Hitachi Energy

Stocks to Buy Today

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-08-08T18:53:53+05:30

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 03

1. Elgi Equipments (ELGIEQUIP)

Elgi Equipments is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs.1100.17 Cr. and Equity Capital is Rs.31.69 Cr. for the Year ended 31/03/2021. Elgi Equipments Ltd. is a Public Limited Listed company incorporated on 14/03/1960 and has its registered office in the State of Tamil Nadu, India.


ELGIEQUIP Share Price Details for Today

- Current Market Price: Rs.382

- Stop Loss: Rs.374

- Target 1: Rs.392

- Target 2: Rs.407

- 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. Indraprastha Gas (IGL)

Indraprastha Gas Ltd is involved in the business activities of Manufacture of gas; distribution of gaseous fuels through mains. Company’s Total Operating Revenue is Rs.4940.80 Cr. and Equity Capital is Rs.140.00 Cr. for the Year ended 31/03/2021. Indraprastha Gas Ltd. is a Public Limited Listed company incorporated on 23/12/1998 and has its registered office in the State of Delhi, India


IGL Share Price Details for Today

- Current Market Price: Rs.407

- Stop Loss: Rs.395

- Target 1: Rs.419

- Target 2: Rs.427

- Holding Period: 1 week

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

 

3. Varroc Engineering (VARROC)

Varroc Engineering belongs to the Industry of Auto Ancl - Equipment Lamp. Company’s Total Operating Revenue is Rs.2561.78 Cr. and Equity Capital is Rs.15.28 Cr. for the Year ended 31/03/2021. Varroc Engineering Ltd. is a Public Limited Listed company incorporated on 11/05/1988 and has its registered office in the State of Maharashtra, India.


VARROC Share Price Details for Today

- Current Market Price: Rs.422

- Stop Loss: Rs.411

- Target 1: Rs.434

- Target 2: Rs.445

- 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. GHCL LTD (GHCL)

GHCL is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs.2823.09 Cr. and Equity Capital is Rs.95.01 Cr. for the Year ended 31/03/2021. GHCL Ltd. is a Public Limited Listed company incorporated on 14/10/1983 and has its registered office in the State of Gujarat, India.


GHCL Share Price Details for Today

- Current Market Price: Rs.468

- Stop Loss: Rs.457

- Target 1: Rs.480

- Target 2: Rs.495

- 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. Hitachi Energy (POWERINDIA)

Hitachi Energy India 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.3420.44 Cr. and Equity Capital is Rs.8.48 Cr. for the Year ended 31/12/2020. ABB Power Products and Systems India Ltd. is a Public Limited Listed company incorporated on 19/02/2019 and has its registered office in the State of Karnataka, India.


POWERINDIA Share Price Details for Today

- Current Market Price: Rs.3,556

- Stop Loss: Rs.3,270

- Target 1: Rs.3,460

- Target 2: Rs.3,550

- 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 flat opening for the Indian markets. SGX Nifty is trading at 17,788.50 levels, down 20 points. (Updated at 8:20 AM).

International Market

Asian Market:

Asian stocks are trading lower as US equity futures dropped. Japan's benchmark Nikkei 225 is down 1.11% to trade at 27,227.94.

US Market:

US stocks closed higher aided by upbeat earnings from Alphabet and Advanced Micro Devices. The Dow Jones Industrial Average closed up 0.63% at 35,629.33; the S&P 500 closed up 0.94%, at 4,589.38; and the Nasdaq Composite closed up 0.50%, at 14,417.55.

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