Stocks to Buy Today: January 03, 2022- Mtar Tech, Jubilant Ingrevia, Eclerx Services

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 January 03

1. MTAR Technologies (MTARTECH)

MTAR Technologies is involved in the business activities of Manufacture of parts and accessories of the aircraft and spacecraft of. Company’s Total Operating Revenue is Rs.246.43 Cr. and Equity Capital is Rs.30.76 Cr. for the Year ended 31/03/2021. MTAR Technologies Ltd. is a Public Limited Listed company incorporated on 11/11/1999 and has its registered office in the State of Telangana, India.

MTARTECH Share Price Details for Today: 

- Current Market Price: Rs.2,463

- Stop Loss: Rs.2,400

- Target 1: Rs.2,530

- Target 2: Rs.2,645

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

2. Deepak Nitrite (DEEPAKNTR)

Deepak Nitrite belongs to the Industry of Chemicals - Inorganic - Others. Company’s Total Operating Revenue is Rs.1809.14 Cr. and Equity Capital is Rs.27.28 Cr. for the Year ended 31/03/2021. Deepak Nitrite Ltd. is a Public Limited Listed company incorporated on 06/06/1970 and has its registered office in the State of Gujarat, India.

DEEPAKNTR Share Price Details for Today: 

- Current Market Price: Rs.2,490

- Stop Loss: Rs.2,430

- Target 1: Rs.2,564

- Target 2: Rs.2,670

- 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.

3. Eclerx Services (ECLERX)

Eclerx Services is involved in the business activities of Data processing, hosting and related activities. Company’s Total Operating Revenue is Rs.1197.40 Cr. and Equity Capital is Rs.34.89 Cr. for the Year ended 31/03/2021. eClerx Services Ltd. is a Public Limited Listed company incorporated on 24/03/2000 and has its registered office in the State of Maharashtra, India.

ECLERX Share Price Details for Today: 

- Current Market Price: Rs.2,612

- Stop Loss: Rs.2,550

- Target 1: Rs.2,680

- Target 2: Rs.2,755

- 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.

4. Anupam Rasayan (ANURAS)

Anupam Rasayan India is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.810.89 Cr. and Equity Capital is Rs.99.92 Cr. for the Year ended 31/03/2021. Anupam Rasayan India Ltd.

ANURAS Share Price Details for Today: 

- Current Market Price: Rs.991

- Stop Loss: Rs.965

- Target 1: Rs.1,017

- Target 2: Rs.1,080

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

5. Jubilant Ingrevia (JUBLINGREA)

Jubilant Ingrevia is involved in the business activities of Manufacture of basic chemicals. Company’s Total Operating Revenue is Rs.668.93 Cr. and Equity Capital is Rs.15.93 Cr. for the Year ended 31/03/2021. Jubilant Ingrevia Ltd. is a Public Limited Listed company incorporated on 23/10/2019 and has its registered office in the State of Uttar Pradesh, India.

JUBLINGREA Share Price Details for Today: 

- Current Market Price: Rs.574

- Stop Loss: Rs.560

- Target 1: Rs.590

- Target 1: Rs.610

- Holding Period: 1 week

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

Share Market Today

SGX Nifty: SGX Nifty indicates a flat opening for the Indian markets. SGX Nifty is trading at 17,430.50 levels, down 9 points. (Updated at 8:01 AM).

International Market

Asian Market: Most Asian stocks are trading firm. South Korea's benchmark Kospi is trading up 0.25% at 2,985.09. Hong Kong's Hang Seng is trading down 0.27% at 14,336.51, while Singapore's Straits Times Index trades up 0.30% at 3,133.09.

US Market: US stocks closed lower on Friday, but all three major indices finished the month, quarter, and year with gains. The Dow Jones Industrial Average closed down 0.16% at 36,338.30; the S&P 500 closed down 0.26%, at 4,766.18; and the Nasdaq Composite closed down 0.61%, at 15,644.97.