Stocks to Buy Today: January 05 2022 - Poonawalla, Monte Carlo, Neogen

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 05

1. NEOGEN CHEMICALS (NEOGEN)

Neogen Chemicals is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.336.42 Cr. and Equity Capital is Rs.23.33 Cr. for the Year ended 31/03/2021. Neogen Chemicals Ltd. is a Public Limited Listed company incorporated on 07/03/1989 and has its registered office in the State of Maharashtra, India.

NEOGEN Share Price Details for Today: 

- Current Market Price: Rs.1,908

- Stop Loss: Rs.1,855

- Target 1: Rs.1,965

- Target 2: Rs.2,052

- Holding Period: 1 week

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

2. CLEAN SCIENCE (CLEAN)

Clean Science & Tech is involved in the business activities of Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.419.30 Cr. and Equity Capital is Rs.1.33 Cr. for the Year ended 31/03/2020. Clean Science & Technology Ltd. is a Public Limited Listed company incorporated on 07/11/2003 and has its registered office in the State of Maharashtra, India.

CLEAN Share Price Details for Today: 

- Current Market Price: Rs.2,662

- Stop Loss: Rs.2,590

- Target 1: Rs.2,740

- Target 2: Rs.2,830

- 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. POONAWALLA FINCORP (POONAWALLA)

Poonawalla Fincorp is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs.1848.73 Cr. and Equity Capital is Rs.53.92 Cr. for the Year ended 31/03/2021. Poonawalla Fincorp Ltd. is a Public Limited Listed company incorporated on 18/12/1978 and has its registered office in the State of West Bengal, India.

POONAWALLA Share Price Details for Today: 

- Current Market Price: Rs.231

- Stop Loss: Rs.225

- Target 1: Rs.238

- Target 2: Rs.249

- 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. MONTE CARLO (MONTECARLO)

MONTECARLO Share Price Details for Today: 

- Current Market Price: Rs.664

- Stop Loss: Rs.650

- Target 1: Rs.681

- Target 2: Rs.710

- Holding Period: 1 week

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

5. MAN INFRACONSTRUCTION (MANINFRA)

Man Infraconstruction is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company’s Total Operating Revenue is Rs.119.61 Cr. and Equity Capital is Rs.49.50 Cr. for the Year ended 31/03/2021. Man Infraconstruction Ltd. is a Public Limited Listed company incorporated on 16/08/2002 and has its registered office in the State of Maharashtra, India.

MANINFRA Share Price Details for Today: 

- Current Market Price: Rs.108

- Stop Loss: Rs.106

- Target 1: Rs.112

- Target 1: Rs.116

- 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: On mixed global cues, Indian indices are expected to open flat. SGX Nifty is trading at 17,796.50 levels, down 0.44 points. (Updated at 8.05 AM).

International Market

Asian Market: Investors chose to book gains on a record-breaking rally. Concerns about coronavirus cases are affecting sentiments. Japan's benchmark Nikkei 225 to trade at 29,301.24, 0% change. Hong Kong's Hang Seng is trading down 1.05% at 23,044.62, while the Shanghai Composite trades down 0.65% at 3,609.08.

US Market: As traders braced for the start of a potentially tumultuous year, US equities hit a new high while treasuries extended losses. The Dow Jones Industrial Average closed up 0.59% at 36,799.65; the S&P 500 closed down 0.06%, at 4,793.54; and the Nasdaq Composite closed down 1.33%, at 15,622.72.