Stocks to Buy Today: January 24 2022 - Pidilite, Linde India, JBM Auto

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 24

1. LINDE INDIA (LINDEINDIA)

Linde India is involved in the business activities of Manufacture of liquefied or compressed inorganic industrial or medical gases (elemental gases, liquid or compressed air, refrigerant gases, mixed industrial gases etc.). Company’s Total Operating Revenue is Rs.1471.12 Cr. and Equity Capital is Rs.85.28 Cr. for the Year ended 31/12/2020. Linde India Ltd. is a Public Limited Listed company incorporated on 24/01/1935 and has its registered office in the State of West Bengal, India.

LINDEINDIA Share Price Details for Today: 

- Current Market Price: Rs.2,774

- Stop Loss: Rs.2,700

- Target 1: Rs.2,850

- Target 2: Rs.2,930

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

2. JBM AUTO (JBMA)

JBM Auto is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs.1965.59 Cr. and Equity Capital is Rs.23.65 Cr. for the Year ended 31/03/2021. JBM Auto Ltd. is a Public Limited Listed company incorporated on 05/11/1996 and has its registered office in the State of Delhi, India. 

JBMA Share Price Details for Today: 

- Current Market Price: Rs.1,631

- Stop Loss: Rs.1,585

- Target 1: Rs.1,680

- Target 2: Rs.1,725

- 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.

3. PIDILITE INDUSTRIES (PIDILITIND)

Pidilite Industries is involved in the business activities of Manufacture of gelatine and its derivatives, resinoids, glues, prepared adhesives, including rubber-based glues and adhesives. Company’s Total Operating Revenue is Rs.6216.33 Cr. and Equity Capital is Rs.50.82 Cr. for the Year ended 31/03/2021. Pidilite Industries Ltd. is a Public Limited Listed company incorporated on 28/07/1969 and has its registered office in the State of Maharashtra, India.

PIDILITIND Share Price Details for Today: 

- Current Market Price: Rs.2,701

- Stop Loss: Rs.2,630

- Target 1: Rs.2,775

- Target 2: Rs.2,850

- Holding Period: 1 week

5paisa Recommendation: Recovery on cards in this stock is expected and thus making this stock as one of the best stocks to buy today.

4. BERGER PAINTS (BERGERPAINT)

BERGERPAINT Share Price Details for Today: 

- Current Market Price: Rs.745

- Stop Loss: Rs.725

- Target 1: Rs.766

- Target 2: Rs.784

- 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.

5. INGERSOLL RAND (INGERRAND)

Ingersoll Rand belongs to the Industry of Compressors. Company’s Total Operating Revenue is Rs.617.73 Cr. and Equity Capital is Rs.31.57 Cr. for the Year ended 31/03/2021. Ingersoll-Rand (India) Ltd. is a Public Limited Listed company incorporated on 01/12/1921 and has its registered office in the State of Karnataka, India.

INGERRAND Share Price Details for Today: 

- Current Market Price: Rs.1,414

- Stop Loss: Rs.1,374

- Target 1: Rs.1,456

- Target 1: Rs.1,530

- 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 17,511 levels, down 126 points. (Updated at 8:25 AM).

International Market

Asian Market:

Asian stocks fell as investors weighed concerns about Fed policy tightening. Japan's benchmark Nikkei 225 is down 0.55% to trade at 27,371.11. Hong Kong's Hang Seng is trading down 1.01% at 24,712.51, while the Shanghai Composite trades down 0.06% at 3,520.42.

US Market:

US stocks ended sharply lower on Friday as Netflix shares plunged after a weak earnings report. The Dow Jones Industrial Average closed down 1.30% at 34,265.37; the S&P 500 closed down 1.89%, at 4,397.94; and the Nasdaq Composite closed down 2.72%, at 13,768.92.