Stocks to Buy Today: January 14 2022 - Polycab, Sun Pharma, LT

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 14

1. Polycab India (POLYCAB)

Polycab India is involved in the business activities of Manufacture of other electronic and electric wires and cables. Company’s Total Operating Revenue is Rs.8736.36 Cr. and Equity Capital is Rs.149.12 Cr. for the Year ended 31/03/2021. Polycab India Ltd. is a Public Limited Listed company incorporated on 01/01/1996 and has its registered office in the State of Delhi, India.

POLYCAB Share Price Details for Today: 

- Current Market Price: Rs.2,685

- Stop Loss: Rs.2,620

- Target 1: Rs.2,760

- 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.

2. Sun Pharmaceuticals (SUNPHARMA)

Sun Pharma. is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.12803.21 Cr. and Equity Capital is Rs.239.93 Cr. for the Year ended 31/03/2021. Sun Pharmaceutical Industries Ltd. is a Public Limited Listed company incorporated on 01/03/1993 and has its registered office in the State of Gujarat, India.

SUNPHARMA Share Price Details for Today: 

- Current Market Price: Rs.866

- Stop Loss: Rs.845

- Target 1: Rs.743

- Target 2: Rs.765

- Holding Period: 1 week

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

3. L&T (LT)

L&T is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs.73315.59 Cr. and Equity Capital is Rs.280.91 Cr. for the Year ended 31/03/2021. Larsen & Toubro Ltd. is a Public Limited Listed company incorporated on 07/02/1946 and has its registered office in the State of Maharashtra, India.

LT Share Price Details for Today: 

- Current Market Price: Rs.2,018

- Stop Loss: Rs.1,965

- Target 1: Rs.2,075

- Target 2: Rs.2,145

- 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. KEC International (KEC)

KEC International Lt is involved in the business activities of Construction and maintenance of railways and rail-bridges. Company’s Total Operating Revenue is Rs.11851.79 Cr. and Equity Capital is Rs.51.42 Cr. for the Year ended 31/03/2021. KEC International Ltd. is a Public Limited Listed company incorporated on 18/03/2005 and has its registered office in the State of Maharashtra, India.

KEC Share Price Details for Today: 

- Current Market Price: Rs.520

- Stop Loss: Rs.506

- Target 1: Rs.536

- Target 2: Rs.557

- 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. Globus Spirits (GLOBUSSPR)

Globus Spirits Ltd. belongs to the Industry of Beverages & Distilleries. Company’s Total Operating Revenue is Rs.1225.52 Cr. and Equity Capital is Rs.28.80 Cr. for the Year ended 31/03/2021. Globus Spirits Ltd. is a Public Limited Listed company incorporated on 16/02/1993 and has its registered office in the State of Delhi, India.

GLOBUSSPR Share Price Details for Today: 

- Current Market Price: Rs.1,608

- Stop Loss: Rs.1,570

- Target 1: Rs.1,655

- Target 1: Rs.1,720

- 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 negative opening for the Indian markets. SGX Nifty is trading at 18,240 levels, down 33 points. (Updated at 8:10 AM).

International Market

Asian Market:

Asian stocks fell after a slew of Federal Reserve officials signaled that they will fight inflation aggressively and the Nasdaq 100 fell to its lowest level since October. Japan's benchmark Nikkei 225 down 2.07% to trade at 27,900.70. Hong Kong's Hang Seng is trading down 0.69% at 24,261.80, while the Shanghai Composite trades down 0.40% at 3,541.06.

US Market:

US stocks closed lower with tech shares diving on expectations of higher interest rates. The Dow Jones Industrial Average closed down 0.49% at 36,113.62; the S&P 500 closed down 1.42%, at 4,659.03; and the Nasdaq Composite closed down 2.51%, at 14,806.81.