Stocks to Buy Today: January 20 2022 - Medplus Health, Hitachi, Tata Elxsi

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 20

1. Elgi Equipments (ELGIEQUIP)

Elgi Equipments is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs.1100.17 Cr. and Equity Capital is Rs.31.69 Cr. for the Year ended 31/03/2021. Elgi Equipments Ltd. is a Public Limited Listed company incorporated on 14/03/1960 and has its registered office in the State of Tamil Nadu, India.

ELGIEQUIP Share Price Details for Today: 

- Current Market Price: Rs.374

- Stop Loss: Rs.365

- Target 1: Rs.383

- Target 2: Rs.400

- 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. Medplus Health (MEDPLUS)

Medplus Health Services belongs to the Industry of Pharmaceuticals. Company’s Total Operating Revenue is Rs.68.31 Cr. and Equity Capital is Rs.0.45 Cr. for the Year ended 31/03/2021. Medplus Health Services Ltd. is a Public Limited Listed company incorporated on 30/11/2006 and has its registered office in the State of Telangana, India.

MEDPLUS Share Price Details for Today: 

- Current Market Price: Rs.1,253

- Stop Loss: Rs.1,220

- Target 1: Rs.1,290

- Target 2: Rs.1,335

- Holding Period: 1 week

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

3. Onmobile Global (ONMOBILE)

Onmobile Global Ltd. is involved in the business activities of Other telecommunications activities. Company’s Total Operating Revenue is Rs.194.68 Cr. and Equity Capital is Rs.104.50 Cr. for the Year ended 31/03/2021. OnMobile Global Ltd. is a Public Limited Listed company incorporated on 27/09/2000 and has its registered office in the State of Karnataka, India.

ONMOBILE Share Price Details for Today: 

- Current Market Price: Rs.154

- Stop Loss: Rs.149

- Target 1: Rs.159

- Target 2: Rs.164

- 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. Hitachi Energy (POWERINDIA)

Hitachi Energy India is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs. 3420.44 Cr. and Equity Capital is Rs.8.48 Cr. for the Year ended 31/12/2020. ABB Power Products and Systems India Ltd. is a Public Limited Listed company incorporated on 19/02/2019 and has its registered office in the State of Karnataka, India.

POWERINDIA Share Price Details for Today: 

- Current Market Price: Rs.2,791

- Stop Loss: Rs.2,720

- Target 1: Rs.2,865

- Target 2: Rs.2,950

- 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. Tata Elxsi (TATAELXSI)

Tata Elxsi belongs to the Industry of IT Consulting & Software. Company’s Total Operating Revenue is Rs.1826.16 Cr. and Equity Capital is Rs.62.28 Cr. for the Year ended 31/03/2021. Tata Elxsi Ltd. is a Public Limited Listed company incorporated on 30/03/1989 and has its registered office in the State of Karnataka, India.

TATAELXSI Share Price Details for Today: 

- Current Market Price: Rs.6,977

- Stop Loss: Rs.6,830

- Target 1: Rs.7,130

- Target 1: Rs.7,300

- 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 negative opening for the Indian markets. SGX Nifty is trading at 17,905.50 levels, down 72 points. (Updated at 8:15 AM).

International Market

Asian Market:

Asian stocks rose as traders assessed the latest cut in Chinese borrowing costs. Japan's benchmark Nikkei 225 is up 0.46% to trade at 27,592.89. Hong Kong's Hang Seng is trading up 1.89% at 24,584.99, while the Shanghai Composite trades up 0.13% at 3,562.81.

US Market:

US stocks closed down for the second day in a row as investors digested the latest corporate earnings and braced for higher interest rates. The Dow Jones Industrial Average closed down 0.96% at 35,028.65; the S&P 500 closed down 0.97%, at 4,532.76; and the Nasdaq Composite closed down 1.15%, at 14,340.25.