Stocks to Buy Today: January 04, 2022 - Minda Corp, KPR Mill, MapmyIndia

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 04

1. Mind Corporation (MINDACORP)

Minda Corporation is involved in the business activities of Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium). Company’s Total Operating Revenue is Rs.2288.80 Cr. and Equity Capital is Rs.47.80 Cr. for the Year ended 31/03/2021. Minda Corporation Ltd. is a Public Limited Listed company incorporated on 11/03/1985 and has its registered office in the State of Delhi, India.

MINDACORP Share Price Details for Today: 

- Current Market Price: Rs.198

- Stop Loss: Rs.192

- Target 1: Rs.205

- Target 2: Rs.215

- Holding Period: 1 week

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

2. KPR MILL (KPRMILL)

KPR Mill Ltd. belongs to the Industry of Textiles - Spinning - Cotton Blended. Company’s Total Operating Revenue is Rs.2953.64 Cr. and Equity Capital is Rs.34.41 Cr. for the Year ended 31/03/2021. KPR Mill Ltd. is a Public Limited Listed company incorporated on 19/03/2003 and has its registered office in the State of Tamil Nadu, India.

KPRMILL Share Price Details for Today: 

- Current Market Price: Rs.705

- Stop Loss: Rs.685

- Target 1: Rs.727

- Target 2: Rs.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.

3. GRAVITA INDIA (GRAVITA)

Gravita India Ltd. is involved in the business activities of Manufacture of other plastics products. Company’s Total Operating Revenue is Rs.1226.42 Cr. and Equity Capital is Rs.13.81 Cr. for the Year ended 31/03/2021. Gravita India Ltd. is a Public Limited Listed company incorporated on 04/08/1992 and has its registered office in the State of Rajasthan, India.

GRAVITA Share Price Details for Today: 

- Current Market Price: Rs.322

- Stop Loss: Rs.313

- Target 1: Rs.334

- Target 2: Rs.351

- 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.

4. VARDHMAN TEXTILES (VTL)

Vardhman Textiles Lt is involved in the business activities of Spinning, weaving and finishing of textiles. Company’s Total Operating Revenue is Rs.5787.64 Cr. and Equity Capital is Rs.57.56 Cr. for the Year ended 31/03/2021. Vardhman Textiles Ltd. is a Public Limited Listed company incorporated on 08/10/1973 and has its registered office in the State of Punjab, India.

VTL Share Price Details for Today: 

- Current Market Price: Rs.2,490

- Stop Loss: Rs.2,425

- Target 1: Rs.2,565

- Target 2: Rs.2,640

- Holding Period: 1 week

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

5. CE INFO (MAPMYINDIA)

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.

MAPMYINDIA Share Price Details for Today: 

- Current Market Price: Rs.1,821

- Stop Loss: Rs.1,770

- Target 1: Rs.1,875

- Target 1: Rs.1,970

- Holding Period: 1 week

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

Share Market Today

SGX Nifty: SGX Nifty indicates a flat opening for the Indian indices. SGX Nifty is trading at 17,692.50 levels, down 0.03 points. (Updated at 8.07 AM).

International Market

Asian Market: The S&P 500 finished at a record high on the first trading day of 2022, propelling most Asian markets higher. Treasuries continued to lose money. Japan's benchmark Nikkei 225 up 1.37% to trade at 29,187.29. Hong Kong's Hang Seng is trading down 0.14% at 23,241.60, while the Shanghai Composite trades down 0.64% at 3,616.66.

US Market: The Dow Jones Industrial Average up 0.86% at 36,585.06; the S&P 500 up 0.46%, at 4,796.56; and the Nasdaq Composite up 4.95%, at 15,832.80.