Stocks to Buy Today: January 17 2022 - Naukri, CMS Info, Vardhman Textiles

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 17

1. Info Edge (NAUKRI)

Info Edge (India) is involved in the business activities of Operation of web sites that use a search engine to generate and maintain extensive databases of internet addresses and content in an easily searchable format. Company’s Total Operating Revenue is Rs.1098.60 Cr. and Equity Capital is Rs.128.52 Cr. for the Year ended 31/03/2021. Info Edge (India) Ltd. is a Public Limited Listed company incorporated on 01/05/1995 and has its registered office in the State of Delhi, India.

NAUKRI Share Price Details for Today: 

- Current Market Price: Rs.5,696

- Stop Loss: Rs.5,550

- Target 1: Rs.5,860

- Target 2: Rs.5,985

- 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. Tanla Platforms (TANLA)

Tanla Platforms is involved in the business activities of Other information technology and computer service activities n.e.c. Company’s Total Operating Revenue is Rs.891.88 Cr. and Equity Capital is Rs.13.60 Cr. for the Year ended 31/03/2021. Tanla Platforms Ltd. is a Public Limited Listed company incorporated on 28/07/1995 and has its registered office in the State of Andhra Pradesh, India. 

TANLA Share Price Details for Today: 

- Current Market Price: Rs.2,062

- Stop Loss: Rs.2,010

- Target 1: Rs.2,118

- Target 2: Rs.2,220

- Holding Period: 1 week

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

3. CMS Info (CMSINFO)

CMS Info Systems belongs to the Industry of Services - Others. Company’s Total Operating Revenue is Rs.1130.90 Cr. and Equity Capital is Rs.148.00 Cr. for the Year ended 31/03/2021. CMS Info Systems Ltd. is a Public Limited Unlisted company incorporated on 26/03/2008 and has its registered office in the State of Maharashtra, India.

CMSINFO Share Price Details for Today: 

- Current Market Price: Rs.295

- Stop Loss: Rs.289

- Target 1: Rs.301

- Target 2: Rs.312

- 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. 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.2,690

- Stop Loss: Rs.2,620

- Target 1: Rs.2,765

- Target 2: Rs.2,850

- 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. Redington India (REDINGTON)

Redington (India) Lt is involved in the business activities of Wholesale of machinery, equipment and supplies. Company’s Total Operating Revenue is Rs.22720.67 Cr. and Equity Capital is Rs.77.84 Cr. for the Year ended 31/03/2021. Redington (India) Ltd. is a Public Limited Listed company incorporated on 02/05/1961 and has its registered office in the State of Tamil Nadu, India.

REDINGTON Share Price Details for Today: 

- Current Market Price: Rs.174

- Stop Loss: Rs.169

- Target 1: Rs.179

- Target 1: Rs.187

- 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 18,198.50 levels, down 75.50 points. (Updated at 8:25 AM).

International Market

Asian Market:

Asian stocks were mixed ahead of data that is expected to highlight China's economic slowdown and as traders weighed policy easing by the country's central bank. Japan's benchmark Nikkei 225 is up 0.65% to trade at 28,306.93. Hong Kong's Hang Seng is trading down 0.76% at 24,198.86, while the Shanghai Composite trades up 0.31% at 3,532.16.

US Market:

US stocks closed mixed as investor sentiment soured amid rising expectations for higher interest rates and concerns about the economy. The Dow Jones Industrial Average closed down 0.56% at 35,911.81; the S&P 500 closed up 0.08%, at 4,662.85; and the Nasdaq Composite closed up 0.59%, at 14,893.75.