Stocks to Buy Today: January 18 2022 - Bajaj Healthcare, KPIT Tech, Adani Green

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 18

1. BAJAJ HEALTHCARE (BAJAJHCARE)

Bajaj Healthcare is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.656.98 Cr. and Equity Capital is Rs. 13.80 Cr. for the Year ended 31/03/2021. Bajaj Healthcare Ltd. is a Public Limited Listed company incorporated on 15/07/1993 and has its registered office in the State of Maharashtra, India.

BAJAJHCARE Share Price Details for Today: 

- Current Market Price: Rs.484

- Stop Loss: Rs.472

- Target 1: Rs.498

- Target 2: Rs.516

- 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.161

- Stop Loss: Rs.156

- Target 1: Rs.167

- Target 2: Rs.175

- Holding Period: 1 week

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

3. KPIT TECHNOLOGIES (KPITTECH)

KPIT Technologies is involved in the business activities of Architecture and engineering activities; technical testing and analysis. Company’s Total Operating Revenue is Rs.802.85 Cr. and Equity Capital is Rs.269.04 Cr. for the Year ended 31/03/2021. KPIT Technologies Ltd. is a Public Limited Listed company incorporated on 08/01/2018 and has its registered office in the State of Maharashtra, India.

KPITTECH Share Price Details for Today: 

- Current Market Price: Rs.729

- Stop Loss: Rs.710

- Target 1: Rs.750

- Target 2: Rs.774

- 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. GRASIM INDUSTRIES (GRASIM)

Grasim Inds. is involved in the business activities of Manufacture of synthetic or artificial filament staple fibre not textured. Company’s Total Operating Revenue is Rs.12386.36 Cr. and Equity Capital is Rs.131.61 Cr. for the Year ended 31/03/2021. Grasim Industries Ltd. is a Public Limited Listed company incorporated on 25/08/1947 and has its registered office in the State of Madhya Pradesh, India.

GRASIM Share Price Details for Today: 

- Current Market Price: Rs.1,919

- Stop Loss: Rs.1,865

- Target 1: Rs.1,980

- Target 2: Rs.2,045

- 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. 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.1,835

- Stop Loss: Rs.1,785

- Target 1: Rs.1,890

- Target 1: Rs.1,970

- 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 flat opening for the Indian markets. SGX Nifty is trading at 18,328.50 levels, down 21.50 points. (Updated at 8:15 AM).

International Market

Asian Market:

Asian stocks were trading in positive territory. Japan's benchmark Nikkei 225 is up 0.90% to trade at 28,587.49. Hong Kong's Hang Seng is trading up 0.29% at 24,287.91, while the Shanghai Composite trades up 0.31% at 3,552.80.

US Market:

US stocks were closed on Monday in observance of Martin Luther King Jr. Day.