Stocks to Buy Today: February 17 2022 - Divi's Lab, Hindalco, Blue Star

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 17

1. Blue Star (BLUESTARCO)

Blue Star is involved in the business activities of Other electrical electrical installation. Company’s Total Operating Revenue is Rs.3842.23 Cr. and Equity Capital is Rs.19.26 Cr. for the Year ended 31/03/2021. Blue Star Ltd. is a Public Limited Listed company incorporated on 20/01/1949 and has its registered office in the State of Maharashtra, India.

BLUESTARCO Share Price Details for Today: 

- Current Market Price: Rs.1,107

- Stop Loss: Rs.1,080

- Target 1: Rs.1,136

- Target 2: Rs.1,185

- Holding Period: 1 week

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

2. Hindalco Industries (HINDALCO)

Hindalco Industries is involved in the business activities of Manufacture of aluminium from alumina and by other methods and products of aluminium and alloys. Company’s Total Operating Revenue is Rs.42701.00 Cr. and Equity Capital is Rs.222.00 Cr. for the Year ended 31/03/2021. Hindalco Industries Ltd. is a Public Limited Listed company incorporated on 15/12/1958 and has its registered office in the State of Maharashtra, India.

HINDALCO Share Price Details for Today: 

- Current Market Price: Rs.529

- Stop Loss: Rs.515

- Target 1: Rs.543

- Target 2: Rs.556

- 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. BASF India (BASF)

BASF India Lt is involved in the business activities of Manufacture of chemicals and chemical products. Company’s Total Operating Revenue is Rs.9558.34 Cr. and Equity Capital is Rs.43.29 Cr. for the Year ended 31/03/2021. BASF India Ltd. is a Public Limited Listed company incorporated on 13/05/1943 and has its registered office in the State of Maharashtra, India.

BASF Share Price Details for Today: 

- Current Market Price: Rs.2,825

- Stop Loss: Rs.2,755

- Target 1: Rs.2,900

- Target 2: Rs.2,940

- 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. NTPC LTD (NTPC)

NTPC is involved in the business activities of Electric power generation by coal based thermal power plants. Company’s Total Operating Revenue is Rs.99206.72 Cr. and Equity Capital is Rs.9696.67 Cr. for the Year ended 31/03/2021. NTPC Ltd. is a Public Limited Listed company incorporated on 07/11/1975 and has its registered office in the State of Delhi, India.

NTPC Share Price Details for Today: 

- Current Market Price: Rs.133

- Stop Loss: Rs.130

- Target 1: Rs.136

- Target 2: Rs.138

- 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. Divi's Laboratories (DIVISLAB)

Divi's Lab is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.6798.61 Cr. and Equity Capital is Rs.53.09 Cr. for the Year ended 31/03/2021. Divi's Laboratories Ltd. is a Public Limited Listed company incorporated on 12/10/1990 and has its registered office in the State of Andhra Pradesh, India

DIVISLAB Share Price Details for Today: 

- Current Market Price: Rs.4,465

- Stop Loss: Rs.4,360

- Target 1: Rs.4,575

- Target 2: Rs.4,650

- 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 17,374.50 levels, up 57 points. (Updated at 8:30 AM).

International Market

Asian Market:

Most Asian stocks are trading in the green territory. Japan's benchmark Nikkei 225 is down 0.24% to trade at 27,395.85. Hong Kong's Hang Seng is trading up 0.14% at 24,754.25, while the Shanghai Composite trades up 0.12% at 3,470.03.

US Market:

Most US stocks closed in the red as investors continue to monitor Ukraine-Russia developments and await Fed minutes. The Dow Jones Industrial Average closed down 0.16% at 34,934.27; the S&P 500 closed up 0.09%, at 4,475.01; and the Nasdaq Composite closed down 0.11% at 14,124.09.

Also read: Chart Busters: Top trading set-ups to watch out for Thursday