Stocks to Buy Today: January 06 2022 - Radico, DLF Ltd, Devyani International

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 06

1. Greenpanel Industries (GREENPANEL)

Greenpanel Industries is involved in the business activities of Manufacture of veneer sheets; manufacture of plywood, laminboard, particle board and other panels and board. Company’s Total Operating Revenue is Rs.1019.97 Cr. and Equity Capital is Rs.12.26 Cr. for the Year ended 31/03/2021. Greenpanel Industries Ltd. is a Private Limited Listed company incorporated on 13/12/2017 and has its registered office in the State of Assam, India.

GREENPANEL Share Price Details for Today: 

- Current Market Price: Rs.443

- Stop Loss: Rs.431

- Target 1: Rs.456

- Target 2: Rs.474

- 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.

2. DLF LTD (DLF)

DLF Ltd. is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs.3893.48 Cr. and Equity Capital is Rs.495.06 Cr. for the Year ended 31/03/2021. DLF Ltd. is a Public Limited Listed company incorporated on 04/07/1963 and has its registered office in the State of Haryana, India.

DLF Share Price Details for Today: 

- Current Market Price: Rs.402

- Stop Loss: Rs.391

- Target 1: Rs.414

- Target 2: Rs.428

- Holding Period: 1 week

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

3. Radico Khaitan (RADICO)

Radico Khaitan is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs.2418.14 Cr. and Equity Capital is Rs.26.71 Cr. for the Year ended 31/03/2021. Radico Khaitan Ltd. is a Public Limited Listed company incorporated on 21/07/1983 and has its registered office in the State of Uttar Pradesh, India.

RADICO Share Price Details for Today: 

- Current Market Price: Rs.1,267

- Stop Loss: Rs.1,235

- Target 1: Rs.1,310

- Target 2: Rs.1,355

- Holding Period: 1 week

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

4. United Drilling (UNIDT)

United Drilling Tool is involved in the business activities of Manufacture of machine tools for turning, drilling, milling, shaping, planning, boring, grinding etc.. Company’s Total Operating Revenue is Rs.142.85 Cr. and Equity Capital is Rs.20.30 Cr. for the Year ended 31/03/2021. United Drilling Tools Ltd. is a Public Limited Listed company incorporated on 24/05/1985 and has its registered office in the State of Delhi, India.

UNIDT Share Price Details for Today: 

- Current Market Price: Rs.518

- Stop Loss: Rs.504

- Target 1: Rs.533

- Target 2: Rs.556

- 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.

5. Devyani International (DEVYANI)

Devyani International is involved in the business activities of Food and beverage services provided by hotels, restaurants, caterers, etc.. Company’s Total Operating Revenue is Rs.998.76 Cr. and Equity Capital is Rs.115.36 Cr. for the Year ended 31/03/2021. Devyani International Ltd. is a Public Limited Listed company incorporated on 13/12/1991 and has its registered office in the State of Delhi, India.

DEVYANI Share Price Details for Today: 

- Current Market Price: Rs.179

- Stop Loss: Rs.174

- Target 1: Rs.185

- Target 1: Rs.192

- 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.

Share Market Today

SGX Nifty: The Indian indices are expected to open with a gap down, according to the SGX Nifty. SGX Nifty is trading at 17,797.50 levels, down 0.98 percent. (Updated at 8.40 AM).

International Market

Asian Market: Asia's markets fell on Thursday, after a sell-off in US technology stocks and treasuries. Japan's benchmark Nikkei 225 to trade down 2.08% at 28,721.49. Hong Kong's Hang Seng is trading down 0.76% at 22,733.04, while the Shanghai Composite trades down 0.64% at 3,572.10.

US Market: The Dow Jones Industrial Average closed down 1.07% at 36,407.11; the S&P 500 closed down 1.94%, at 4,700.58; and the Nasdaq Composite closed down 3.34%, at 15,100.18.