Stocks to Buy Today: January 12 2022 - Adani Green, Century Textiles, Steel Exchange

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 12

1. Adani Green (ADANIGREEN)

Adani Green Energy is involved in the business activities of Electric power generation using solar energy. Company’s Total Operating Revenue is Rs.2473.00 Cr. and Equity Capital is Rs.1564.00 Cr. for the Year ended 31/03/2021. Adani Green Energy Ltd. is a Public Limited Listed company incorporated on 23/01/2015 and has its registered office in the State of Gujarat, India

ADANIGREEN Share Price Details for Today: 

- Current Market Price: Rs.1,568

- Stop Loss: Rs.1,530

- Target 1: Rs.1,615

- Target 2: Rs.1,690

- 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.

2. Fineotex Chemical (FCL)

Fineotex Chemical Lt is involved in the business activities of Manufacture of chemical products or preparations of a kind used in the textiles, paper, leather and like industries. Company’s Total Operating Revenue is Rs.129.48 Cr. and Equity Capital is Rs.22.15 Cr. for the Year ended 31/03/2021. Fineotex Chemical Ltd. is a Public Limited Listed company incorporated on 30/01/2004 and has its registered office in the State of Maharashtra, India.

FCL Share Price Details for Today: 

- Current Market Price: Rs.151

- Stop Loss: Rs.146

- Target 1: Rs.156

- Target 2: Rs.167

- Holding Period: 1 week

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

3. Titagarh Wagons (TWL)

Titagarh Wagons Ltd. is involved in the business activities of Building of ships and floating structures. Company’s Total Operating Revenue is Rs.1025.79 Cr. and Equity Capital is Rs.23.88 Cr. for the Year ended 31/03/2021. Titagarh Wagons Ltd. is a Public Limited Listed company incorporated on 03/07/1997 and has its registered office in the State of West Bengal, India.

TWL Share Price Details for Today: 

- Current Market Price: Rs.118

- Stop Loss: Rs.114

- Target 1: Rs.122

- Target 2: Rs.129

- Holding Period: 1 week

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

4. Steel Exchange (STEELXIND)

Steel Exchange India is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs.898.41 Cr. and Equity Capital is Rs.80.39 Cr. for the Year ended 31/03/2021. Steel Exchange India Ltd. is a Public Limited Listed company incorporated on 24/02/1999 and has its registered office in the State of Andhra Pradesh, India. 

STEELXIND Share Price Details for Today: 

- Current Market Price: Rs.227

- Stop Loss: Rs.221

- Target 1: Rs.234

- Target 2: Rs.241

- 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. Century Textiles (CENTURYTEX)

Century Textiles is involved in the business activities of Manufacture of paper and paper rolls not further processed. Company’s Total Operating Revenue is Rs.2610.55 Cr. and Equity Capital is Rs.111.69 Cr. for the Year ended 31/03/2021. Century Textiles & Industries Ltd. is a Public Limited Listed company incorporated on 20/10/1897 and has its registered office in the State of Maharashtra, India.

CENTURYTEX Share Price Details for Today: 

- Current Market Price: Rs.996

- Stop Loss: Rs.971

- Target 1: Rs.1,023

- Target 1: Rs.1,078

- 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.

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets. SGX Nifty is trading at 18,228 levels, up 137 points. (Updated at 8:28 AM).

International Market

Asian Market:

Asian stocks are trading up after Federal Reserve Chair Jerome Powell reassured investors that the central bank will combat inflation in order to extend the economic expansion. Japan's benchmark Nikkei 225 up 1.86% to trade at 28,748.21. Hong Kong's Hang Seng is trading up 1.82% at 24,171.53, while the Shanghai Composite trades up 0.20% at 3,574.56.

US Market:

US stocks closed up as investors digested Federal Reserves remarks indicating that interest rates are likely to rise this year, as expected. The Dow Jones Industrial Average closed up 0.51% at 36,252.02; the S&P 500 closed up 0.92%, at 4,713.07; and the Nasdaq Composite closed up 1.14%, at 15,153.45.