Stocks to Buy Today: February 07 2022 - Adani Green, Elgi, Vardhman

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 07

1. DCM Shriram (DCMSHRIRAM)

DCM Shriram is involved in the business activities of Manufacture of fertilizers and nitrogen compounds. Company’s Total Operating Revenue is Rs.8211.99 Cr. and Equity Capital is Rs.31.35 Cr. for the Year ended 31/03/2021. DCM Shriram Ltd. is a Public Limited Listed company incorporated on 06/02/1989 and has its registered office in the State of Delhi, India.

DCMSHRIRAM Share Price Details for Today: 

- Current Market Price: Rs.1,192

- Stop Loss: Rs.1,160

- Target 1: Rs.1,225

- Target 2: Rs.1,278

- 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. 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.413

- Stop Loss: Rs.402

- Target 1: Rs.424

- Target 2: Rs.437

- Holding Period: 1 week

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

3. Adani Green (ADANIGREEN)

Adani Green Energy is involved in the business activities of Electric power generation using solar energy. Company’s Total Operating Revenue is Rs.2473.00 Cr. and Equity Capital is Rs.1564.00 Cr. for the Year ended 31/03/2021. Adani Green Energy Ltd. is a Public Limited Listed company incorporated on 23/01/2015 and has its registered office in the State of Gujarat, India.

ADANIGREEN Share Price Details for Today: 

- Current Market Price: Rs.1,950

- Stop Loss: Rs.1,900

- Target 1: Rs.2,010

- Target 2: Rs.2,070

- 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. Vardhman Textiles (VTL)

Vardhman Textiles Lt is involved in the business activities of Spinning, weaving and finishing of textiles. Company’s Total Operating Revenue is Rs.5787.64 Cr. and Equity Capital is Rs.57.56 Cr. for the Year ended 31/03/2021. Vardhman Textiles Ltd. is a Public Limited Listed company incorporated on 08/10/1973 and has its registered office in the State of Punjab, India.

VTL Share Price Details for Today: 

- Current Market Price: Rs.2,552

- Stop Loss: Rs.2,485

- Target 1: Rs.2,620

- Target 2: Rs.2,685

- 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. Chalet Hotels (CHALET)

Chalet Hotels L is involved in the business activities of Activities of head offices. Company’s Total Operating Revenue is Rs.284.32 Cr. and Equity Capital is Rs.205.02 Cr. for the Year ended 31/03/2021. Chalet Hotels Ltd. is a Public Limited Listed company incorporated on 06/01/1986 and has its registered office in the State of Maharashtra, India.

CHALET Share Price Details for Today: 

- Current Market Price: Rs.260

- Stop Loss: Rs.255

- Target 1: Rs.265

- Target 2: Rs.273

- 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 negative opening for the Indian markets. SGX Nifty is trading at 17,424 levels, down 66 points. (Updated at 8:30 AM).

International Market

Asian Market:

Most Asian stocks fell after strong US jobs data soothed concerns about the global economy and also added to the risk of an aggressive tightening by the Federal Reserve. Japan's benchmark Nikkei 225 is down 0.86% to trade at 27,203.66. Hong Kong's Hang Seng is trading down 0.75% at 24,388.21, while the Shanghai Composite trades up 1.64% at 3,416.64.

US Market:

Most US stocks closed higher after investors digested a much stronger-than-expected January jobs report. The Dow Jones Industrial Average closed down 0.06% at 35,089.74; the S&P 500 closed up 0.52%, at 4,500.53; and the Nasdaq Composite closed up 1.58%, at 14,098.01.

Also Read : Swing Trading Stocks for the week : February 07 , 2022