Stocks to Buy Today: February 08 2022 - Minda, Vinati Organics, NLC

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 08

1. NLC INDIA (NLCINDIA)

Nlc India L belongs to the Industry of Power - Generation/Distribution. Company’s Total Operating Revenue is Rs.7249.63 Cr. and Equity Capital is Rs.1386.64 Cr. for the Year ended 31/03/2021. NLC India Ltd. is a Public Limited Listed company incorporated on 14/11/1956 and has its registered office in the State of Tamil Nadu, India. 

NLCINDIA Share Price Details for Today: 

- Current Market Price: Rs.73.7

- Stop Loss: Rs.71.5

- Target 1: Rs.76

- Target 2: Rs.78.5

- Holding Period: 1 week

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

2. Minda Industries (MINDAIND)

Minda Industries is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company’s Total Operating Revenue is Rs.3700.65 Cr. and Equity Capital is Rs.54.39 Cr. for the Year ended 31/03/2021. Minda Industries Ltd. is a Public Limited Listed company incorporated on 16/09/1992 and has its registered office in the State of Delhi, India.

MINDAIND Share Price Details for Today: 

- Current Market Price: Rs.1,112

- Stop Loss: Rs.1,085

- Target 1: Rs.1,150

- Target 2: Rs.1,200

- 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. PRICOL LTD (PRICOLLTD)

Pricol L is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs.1390.32 Cr. and Equity Capital is Rs.12.19 Cr. for the Year ended 31/03/2021. Pricol Ltd. is a Public Limited Listed company incorporated on 18/05/2011 and has its registered office in the State of Tamil Nadu, India.

PRICOLLTD Share Price Details for Today: 

- Current Market Price: Rs.134

- Stop Loss: Rs.130

- Target 1: Rs.138

- Target 2: Rs.141

- 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. Nitin Spinners (NITINSPIN)

Nitin Spinners is involved in the business activities of Manufacture of knitted and crocheted cotton fabrics. Company’s Total Operating Revenue is Rs.1624.41 Cr. and Equity Capital is Rs.56.22 Cr. for the Year ended 31/03/2021. Nitin Spinners Ltd. is a Public Limited Listed company incorporated on 15/10/1992 and has its registered office in the State of Rajasthan, India.

NITINSPIN Share Price Details for Today: 

- Current Market Price: Rs.339

- Stop Loss: Rs.330

- Target 1: Rs.348

- Target 2: Rs.363

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

5. Vinati Organics (VINATIORGA)

Vinati Organics is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.954.26 Cr. and Equity Capital is Rs.10.28 Cr. for the Year ended 31/03/2021. Vinati Organics Ltd. is a Public Limited Listed company incorporated on 15/06/1989 and has its registered office in the State of Maharashtra, India.

VINATIORGA Share Price Details for Today: 

- Current Market Price: Rs.1,944

- Stop Loss: Rs.1,890

- Target 1: Rs.2,005

- Target 2: Rs.2,045

- Holding Period: 1 week

5paisa Recommendation: Recovery on cards in this 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-positive opening for the Indian markets. SGX Nifty is trading at 17,235 levels, up 21 points. (Updated at 8:20 AM).

International Market

Asian Market:

Asian stocks trade are trading mixed. Japan's benchmark Nikkei 225 is up 0.43% to trade at 27,365.46. Hong Kong's Hang Seng is trading down 1.14% at 24,300.07, while the Shanghai Composite trades down 0.30% at 3,419.27.

US Market:

US stocks closed lower amid renewed declines in big tech names. The Dow Jones Industrial Average closed flat at 35,091.13; the S&P 500 closed down 0.37%, at 4,483.87; and the Nasdaq Composite closed down 0.58%, at 14,015.67.