Stocks to Buy Today: February 04 2022 - Century Ply, Asahi India, Praj

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 04

1. PRAJ INDUSTRIES (PRAJIND)

Praj Industries is involved in the business activities of Manufacture of other special-purpose machinery. Company’s Total Operating Revenue is Rs.1088.54 Cr. and Equity Capital is Rs.36.65 Cr. for the Year ended 31/03/2021. Praj Industries Ltd. is a Public Limited Listed company incorporated on 08/11/1985 and has its registered office in the State of Maharashtra, India.

PRAJIND Share Price Details for Today: 

- Current Market Price: Rs.438

- Stop Loss: Rs.426

- Target 1: Rs.451

- Target 2: Rs.470

- 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. DEEPAK FERTILIZERS (DEEPAKFERT)

Deepak Fertilisers is involved in the business activities of Wholesale of industrial chemicals,. Company’s Total Operating Revenue is Rs.1811.31 Cr. and Equity Capital is Rs.102.68 Cr. for the Year ended 31/03/2021. Deepak Fertilisers & Petrochemicals Corporation Ltd. is a Public Limited Listed company incorporated on 31/05/1979 and has its registered office in the State of Maharashtra, India.

DEEPAKFERT Share Price Details for Today: 

- Current Market Price: Rs.622

- Stop Loss: Rs.605

- Target 1: Rs.640

- Target 2: Rs.656

- Holding Period: 1 week

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

3. ASAHI INDIA (ASAHIINDIA)

Asahi India Glass is involved in the business activities of Manufacture of glass in primary or semi-manufactured forms (such as sheets & plate glass) including mirror sheets and wired, coloured, tinted, toughened or laminated glass. Company’s Total Operating Revenue is Rs.2380.49 Cr. and Equity Capital is Rs.24.31 Cr. for the Year ended 31/03/2021. Asahi India Glass Ltd. is a Public Limited Listed company incorporated on 10/12/1984 and has its registered office in the State of Delhi, India.

ASAHIINDIA Share Price Details for Today: 

- Current Market Price: Rs.597

- Stop Loss: Rs.584

- Target 1: Rs.611

- Target 2: Rs.633

- 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. SHARDA CROPCHEM (SHARDACROP)

Sharda Cropchem is involved in the business activities of Wholesale of fertilizers and agrochemical products. Company’s Total Operating Revenue is Rs.2032.62 Cr. and Equity Capital is Rs.90.22 Cr. for the Year ended 31/03/2021. Sharda Cropchem Ltd. is a Public Limited Listed company incorporated on 12/03/2004 and has its registered office in the State of Maharashtra, India.

SHARDACROP Share Price Details for Today: 

- Current Market Price: Rs.619

- Stop Loss: Rs.601

- Target 1: Rs.638

- Target 2: Rs.660

- 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. CENTURY PLYBOARDS (CENTURYPLY)

Century Plyboards is involved in the business activities of Warehousing and storage. Company’s Total Operating Revenue is Rs.2113.48 Cr. and Equity Capital is Rs.22.25 Cr. for the Year ended 31/03/2021. Century Plyboards (India) Ltd. is a Public Limited Listed company incorporated on 05/01/1982 and has its registered office in the State of West Bengal, India.

CENTURYPLY Share Price Details for Today: 

- Current Market Price: Rs.637

- Stop Loss: Rs.620

- Target 1: Rs.655

- Target 2: Rs.671

- 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. SGX Nifty is trading at 17,588.50 levels, up 70 points. (Updated at 8:30 AM). 

International Market

Asian Market:

Asian stocks were steady. Japan's benchmark Nikkei 225 is trading flat at 27,233.83. Hong Kong's Hang Seng is trading up 2.54% at 24,405.66.

US Market:

US stocks closed lower as Facebook forecast halts tech-led recovery. The Dow Jones Industrial Average closed down 1.45% at 35,111.16; the S&P 500 closed down 2.44%, at 4,477.44; and the Nasdaq Composite closed down 3.74%, at 13,878.82.