Stocks to Buy Today: February 16 2022 - SBIN, INFOSYS, TITAN

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 16

1. STATE BANK (SBIN)

State Bank of India is a Public Limited Listed company incorporated on 31/12/1955 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Banking Business.

SBIN Share Price Details for Today: 

- Current Market Price: Rs.525

- Stop Loss: Rs.511

- Target 1: Rs.539

- Target 2: Rs.549

- Holding Period: 1 week

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

2. INFOSYS LTD (INFY)

Infosys is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.85912.00 Cr. and Equity Capital is Rs.2130.00 Cr. for the Year ended 31/03/2021. Infosys Ltd. is a Public Limited Listed company incorporated on 02/07/1981 and has its registered office in the State of Karnataka, India.

INFY Share Price Details for Today: 

- Current Market Price: Rs.1,738

- Stop Loss: Rs.1,690

- Target 1: Rs.1,790

- Target 2: Rs.1,825

- 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. RHI Magnesita (RHIM)

RHI Magnesita India is involved in the business activities of Manufacture of millstones, sharpening or polishing stones and natural or artificial abrasive products, including abrasive powder or grain on a base of textile material, paper, paper board or other material. Company’s Total Operating Revenue is Rs.1366.41 Cr. and Equity Capital is Rs.12.01 Cr. for the Year ended 31/03/2021. RHI Magnesita India Ltd. is a Public Limited Listed company incorporated on 26/11/2010 and has its registered office in the State of Delhi, India.

RHIM Share Price Details for Today: 

- Current Market Price: Rs.522

- Stop Loss: Rs.507

- Target 1: Rs.537

- Target 2: Rs.554

- 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. TITAN (TITAN)

Titan Company is involved in the business activities of Manufacture of jewellery and related articles. Company’s Total Operating Revenue is Rs.20602.00 Cr. and Equity Capital is Rs.89.00 Cr. for the Year ended 31/03/2021. Titan Company Ltd. is a Public Limited Listed company incorporated on 26/07/1984 and has its registered office in the State of Tamil Nadu, India. 

TITAN Share Price Details for Today: 

- Current Market Price: Rs.2,496

- Stop Loss: Rs.2,430

- Target 1: Rs.2,565

- Target 2: Rs.2,630

- 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. 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.524

- Stop Loss: Rs.510

- Target 1: Rs.540

- Target 2: Rs.557

- 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 17,387.50 levels, up 39.50 points. (Updated at 8:25 AM).

International Market

Asian Market:

Asian shares rose as fears of a Russian invasion of Ukraine this week dissipated after Moscow indicated it was returning some troops to base from exercises, delivering investors a measure of relief. Japan's benchmark Nikkei 225 is up 2.10% to trade at 27,428.02. Hong Kong's Hang Seng is trading up 1.20% at 24,648.78, while the Shanghai Composite trades up 0.67% at 3,469.34.

US Market:

US stock markets closed higher on the expectation that the Ukraine tensions might subside, as Russia said some troops near Ukraine's borders would begin returning to their bases. The Dow Jones Industrial Average closed up 1.22% at 34,988.84; the S&P 500 closed up 1.58%, at 4,471.07; and the Nasdaq Composite closed up 2.53% at 14,139.76.

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