Stocks to Buy Today: January 19 2022 - Varroc, Adani Green, Sapphire Foods

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 19

1. Varroc Engineering (VARROC)

Varroc Engineering belongs to the Industry of Auto Ancl - Equipment Lamp. Company’s Total Operating Revenue is Rs.2561.78 Cr. and Equity Capital is Rs.15.28 Cr. for the Year ended 31/03/2021. Varroc Engineering Ltd. is a Public Limited Listed company incorporated on 11/05/1988 and has its registered office in the State of Maharashtra, India.

VARROC Share Price Details for Today: 

- Current Market Price: Rs.444

- Stop Loss: Rs.432

- Target 1: Rs.457

- Target 2: Rs.470

- 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. Lux Industries (LUXIND)

Lux Industries is involved in the business activities of Manufacture of other knitted and crocheted apparel including hosiery. Company’s Total Operating Revenue is Rs.1938.42 Cr. and Equity Capital is Rs.5.30 Cr. for the Year ended 31/03/2021. Lux Industries Ltd. is a Public Limited Listed company incorporated on 27/07/1995 and has its registered office in the State of West Bengal, India.

LUXIND Share Price Details for Today: 

- Current Market Price: Rs.3,850

- Stop Loss: Rs.3,770

- Target 1: Rs.3,940

- Target 2: Rs.4,035

- Holding Period: 1 week

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

3. TINPLATE (TINPLATE)

Tin Plate Co. belongs to the Industry of Metals - Non Ferrous - Others. Company’s Total Operating Revenue is Rs.2281.37 Cr. and Equity Capital is Rs.104.80 Cr. for the Year ended 31/03/2021. Tinplate Company of India Ltd. is a Public Limited Listed company incorporated on 20/01/1920 and has its registered office in the State of West Bengal, India.

TINPLATE Share Price Details for Today: 

- Current Market Price: Rs.354

- Stop Loss: Rs.345

- Target 1: Rs.364

- Target 2: Rs.376

- 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. 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.1,900

- Stop Loss: Rs.1,850

- Target 1: Rs.1,956

- Target 2: Rs.2,015

- 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. Sapphire Foods (SAPPHIRE)

SAPPHIRE Share Price Details for Today: 

- Current Market Price: Rs.1,432

- Stop Loss: Rs.1,395

- Target 1: Rs.1,475

- Target 1: Rs.1,520

- Holding Period: 1 week

5paisa Recommendation: Sideways move to end in stock and thus making this stock as one of the best stocks to buy today.

Share Market Today

SGX Nifty:

SGX Nifty indicates a flat opening for the Indian markets. SGX Nifty is trading at 18,118 levels, down 20.50 points. (Updated at 8:25 AM).

International Market

Asian Market:

Asian stocks are trading mixed. Japan's benchmark Nikkei 225 is down 1.81% to trade at 27,744.84. Hong Kong's Hang Seng is trading up 0.49% at 24,231.95, while the Shanghai Composite trades up 0.01% at 3,570.29.

US Market:

US stocks tumbled and bond yields reached two-year highs as investors worried about the Fed raising interest rates more quickly and aggressively than expected. The Dow Jones Industrial Average closed down 1.51% at 35,368.47; the S&P 500 closed down 1.84%, at 4,577.11; and the Nasdaq Composite closed down 2.60%, at 14,506.90.