Stocks to Buy Today: February 21 2022 - Hitachi, ICICI Pru, Intellect

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 21

1. Hitachi Energy (POWERINDIA)

Hitachi Energy India is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs.3420.44 Cr. and Equity Capital is Rs.8.48 Cr. for the Year ended 31/12/2020. Hitachi Energy India Ltd. is a Public Limited Listed company incorporated on 19/02/2019 and has its registered office in the State of Karnataka, India.

POWERINDIA Share Price Details for Today: 

- Current Market Price: Rs.3,105

- Stop Loss: Rs.3,025

- Target 1: Rs.3,185

- Target 2: Rs.3,260

- Holding Period: 1 week

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

2. ICICI Prudential (ICICIPRULI)

ICICI Pru Life is involved in the business activities of Life insurance. Company’s Total Operating Revenue is Rs.2753.54 Cr. and Equity Capital is Rs.1435.97 Cr. for the Year ended 31/03/2021. ICICI Prudential Life Insurance Company Ltd. is a Public Limited Listed company incorporated on 20/07/2000 and has its registered office in the State of Maharashtra, India.

ICICIPRULI Share Price Details for Today: 

- Current Market Price: Rs.525

- Stop Loss: Rs.511

- Target 1: Rs.540

- Target 2: Rs.551

- 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. Jagsonpal Pharmaceuticals (JAGSNPHARM)

Jagsonpal Pharma belongs to the Industry of Pharmaceuticals. Company’s Total Operating Revenue is Rs.187.95 Cr. and Equity Capital is Rs.13.10 Cr. for the Year ended 31/03/2021. Jagsonpal Pharmaceuticals Ltd. is a Public Limited Listed company incorporated on 17/08/1978 and has its registered office in the State of Delhi, India.

JAGSNPHARM Share Price Details for Today: 

- Current Market Price: Rs.209.6

- Stop Loss: Rs.204

- Target 1: Rs.215

- Target 2: Rs.220

- 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. Varun Beverages (VBL)

Varun Beverages Ltd. is involved in the business activities of Manufacture of soft drinks; production of mineral waters and other bottled waters. Company’s Total Operating Revenue is Rs.6595.74 Cr. and Equity Capital is Rs.433.03 Cr. for the Year ended 31/12/2021. Varun Beverages Ltd. is a Public Limited Listed company incorporated on 16/06/1995 and has its registered office in the State of Delhi, India.

VBL Share Price Details for Today: 

- Current Market Price: Rs.954

- Stop Loss: Rs.930

- Target 1: Rs.980

- Target 2: Rs.1,010

- 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. Intellect Design (INTELLECT)

Intellect Design is involved in the business activities of Providing software support and maintenance to the clients. Company’s Total Operating Revenue is Rs.1003.23 Cr. and Equity Capital is Rs.66.49 Cr. for the Year ended 31/03/2021. Intellect Design Arena Ltd. is a Public Limited Listed company incorporated on 18/04/2011 and has its registered office in the State of Tamil Nadu, India.

INTELLECT Share Price Details for Today: 

- Current Market Price: Rs.681

- Stop Loss: Rs.664

- Target 1: Rs.699

- Target 2: Rs.714

- 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 17,196 levels, down 84 points. (Updated at 8:35 AM).

International Market

Asian Market:

Asian stocks fall, oil prices edge up amid Ukraine tensions. Japan's benchmark Nikkei 225 is down 0.72% to trade at 26,926.01. Hong Kong's Hang Seng is trading down 0.65% at 24,169.08, while the Shanghai Composite trades down 0.47% at 3,474.47.

US Market:

US stocks closed lower on Friday on Russia-Ukraine tensions. The Dow Jones Industrial Average closed down 0.68% at 34,079.18; the S&P 500 closed down 0.72%, at 4,348.87; and the Nasdaq Composite closed down 1.23% at 13,548.07.

Also read: Swing Trading Stocks for the week : February 21 , 2022