Stocks to Buy Today: February 28 2022 - Adani Ports, GNFC, Vedanta

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 26

1. Gujarat Narmada (GNFC)

Gujarat Narmada Valley is involved in the business activities of Manufacture of urea and other organic fertilizers. Company’s Total Operating Revenue is Rs.5128.69 Cr. and Equity Capital is Rs.155.42 Cr. for the Year ended 31/03/2021. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is a Public Limited Listed company incorporated on 10/05/1976 and has its registered office in the State of Gujarat, India.

GNFC Share Price Details for Today: 

- Current Market Price: Rs.546

- Stop Loss: Rs.532

- Target 1: Rs.560

- Target 2: Rs.574

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is near support hence making this stock best stock to buy.

2. Adani Ports (ADANIPORTS)

Adani Ports & Special is involved in the business activities of Cargo handling incidental to water transport. Company’s Total Operating Revenue is Rs.4377.15 Cr. and Equity Capital is Rs.406.35 Cr. for the Year ended 31/03/2021. Adani Ports & Special Economic Zone Ltd. is a Public Limited Listed company incorporated on 26/05/1998 and has its registered office in the State of Gujarat, India. 

ADANIPORTS Share Price Details for Today: 

- Current Market Price: Rs.695

- Stop Loss: Rs.678

- Target 1: Rs.714

- Target 2: Rs.728

- 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.

3. Coforge Ltd (COFORGE)

Coforge is involved in the business activities of Computer programming activities. Company’s Total Operating Revenue is Rs.2412.40 Cr. and Equity Capital is Rs.60.60 Cr. for the Year ended 31/03/2021. Coforge Ltd. is a Public Limited Listed company incorporated on 13/05/1992 and has its registered office in the State of Delhi, India. 

COFORGE Share Price Details for Today: 

- Current Market Price: Rs.4,502

- Stop Loss: Rs.4,390

- Target 1: Rs.4,615

- Target 2: Rs.4,720

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is near support hence making this stock best stock to buy.

4. Genesys International (GENESYS)

Genesys International Corp. is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company’s Total Operating Revenue is Rs.79.56 Cr. and Equity Capital is Rs.15.61 Cr. for the Year ended 31/03/2021. Genesys International Corporation Ltd. is a Public Limited Listed company incorporated on 28/01/1983 and has its registered office in the State of Maharashtra, India. 

GENESYS Share Price Details for Today: 

- Current Market Price: Rs.496

- Stop Loss: Rs.485

- Target 1: Rs.508

- Target 2: Rs.521

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is near support hence making this stock best stock to buy.

5. VEDANTA LTD (VEDL)

Vedanta 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.37440.00 Cr. and Equity Capital is Rs.372.00 Cr. for the Year ended 31/03/2021. Vedanta Ltd. is a Public Limited Listed company incorporated on 25/06/1965 and has its registered office in the State of Goa, India.

VEDL Share Price Details for Today: 

- Current Market Price: Rs.363

- Stop Loss: Rs.355

- Target 1: Rs.371

- Target 2: Rs.383

- 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.

Share Market Today

SGX Nifty:

SGX Nifty indicates a negative opening for the Indian markets. SGX Nifty is trading at 16,531.50 levels, down 128 points. (Updated at 8:35 AM).

International Market

Asian Market:

Asian stocks trade lower. Japan's benchmark Nikkei 225 is down 0.31% to trade at 26,393.42. Hong Kong's Hang Seng is trading down 1.45% at 22,437.26, while the Shanghai Composite trades down 0.30% at 3,441.

US Market:

US stocks closed higher as investors furiously shifted bets on how the Federal Reserve will proceed with interest-rate increases in the wake of Russia’s invasion of Ukraine. The Dow Jones Industrial Average closed up 2.51% at 34,058.75; the S&P 500 closed up 2.24%, at 4,384.65; and the Nasdaq Composite closed up 1.64% at 13,694.62.

Also read: Top 5 stocks to watch out in March based on seasonality trend