Stocks to Buy Today: February 18 2022 - Adani Green, MGEL, ELGIEQUIP

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 18

1. 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.2,048

- Stop Loss: Rs.1,997

- Target 1: Rs.2,100

- Target 2: Rs.2,165

- Holding Period: 1 week

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

2. Mangalam Global (MGEL)

Mangalam Global Ent is involved in the business activities of Manufacture of vegetable and animal oils and fats. Company’s Total Operating Revenue is Rs.907.78 Cr. and Equity Capital is Rs.25.09 Cr. for the Year ended 31/03/2021. Mangalam Global Enterprise Ltd. is a Public Limited Listed company incorporated on 27/09/2010 and has its registered office in the State of Gujarat, India.

MGEL Share Price Details for Today: 

- Current Market Price: Rs.163.6

- Stop Loss: Rs.160

- Target 1: Rs.167.5

- Target 2: Rs.172

- 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. South West (SOUTHWEST)

South West Pinnacle belongs to the Industry of Oil Drilling And Exploration. Company’s Total Operating Revenue is Rs.102.33 Cr. and Equity Capital is Rs.27.90 Cr. for the Year ended 31/03/2021. South West Pinnacle Exploration Ltd. is a Public Limited Listed company incorporated on 27/11/2006 and has its registered office in the State of Haryana, India.

SOUTHWEST Share Price Details for Today: 

- Current Market Price: Rs.245

- Stop Loss: Rs.239

- Target 1: Rs.251

- Target 2: Rs.260

- 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. 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.375

- Stop Loss: Rs.366

- Target 1: Rs.384

- Target 2: Rs.395

- 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. CG Power (CGPOWER)

Cg Power And Industries is involved in the business activities of Manufacture of electric motors (except internal combustion engine starting motors). Company’s Total Operating Revenue is Rs.2525.89 Cr. and Equity Capital is Rs.267.60 Cr. for the Year ended 31/03/2021. CG Power and Industrial Solutions Ltd. is a Public Limited Listed company incorporated on 28/04/1937 and has its registered office in the State of Maharashtra, India.

CGPOWER Share Price Details for Today: 

- Current Market Price: Rs.173.4

- Stop Loss: Rs.170.5

- Target 1: Rs.176.5

- Target 2: Rs.182

- 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 17,250 levels, down 17 points. (Updated at 8:30 AM).

International Market

Asian Market:

Asian stocks fell after an exchange of fire in eastern Ukraine and renewed US warnings of an imminent Russian invasion had investors looking for safety ahead of the weekend. Japan's benchmark Nikkei 225 is down 0.51% to trade at 27,094.16. Hong Kong's Hang Seng is trading down 0.55% at 24,656.41, while the Shanghai Composite trades down 0.13% at 3,463.69.

US Market:

US stock markets closed lower as investors remained anxious over the possibility that Russia could invade Ukraine. The Dow Jones Industrial Average closed down 1.78% at 34,312.03; the S&P 500 closed down 2.12%, at 4,380.26; and the Nasdaq Composite closed down 2.88% at 13,716.72.

Also read: List of Top 10 Penny Stocks: These Shares Gained Up To 5% on Thursday, February 17