Stocks to Buy Today: January 31 2022 - Minda, Persistent, KDDL Ltd

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 31

1. KDDL LTD (KDDL)

KDDL Ltd. is involved in the business activities of Manufacture of watches and clocks, including instrument panel clocks (except time-recording equipment). Company’s Total Operating Revenue is Rs.146.89 Cr. and Equity Capital is Rs.11.74 Cr. for the Year ended 31/03/2021. KDDL Ltd. is a Public Limited Listed company incorporated on 08/01/1981 and has its registered office in the State of Himachal Pradesh, India.

KDDL Share Price Details for Today: 

- Current Market Price: Rs.1,028

- Stop Loss: Rs.997

- Target 1: Rs.1,060

- Target 2: Rs.1,124

- 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.

2. Minda Industries (MINDAIND)

Minda Industries is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company’s Total Operating Revenue is Rs.3700.65 Cr. and Equity Capital is Rs.54.39 Cr. for the Year ended 31/03/2021. Minda Industries Ltd. is a Public Limited Listed company incorporated on 16/09/1992 and has its registered office in the State of Delhi, India.

MINDAIND Share Price Details for Today: 

- Current Market Price: Rs.1,047

- Stop Loss: Rs.1,020

- Target 1: Rs.1,080

- Target 2: Rs.1,150

- 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. Persistent Systems (PERSISTENT)

Persistent Systems is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.2479.61 Cr. and Equity Capital is Rs.76.43 Cr. for the Year ended 31/03/2021. Persistent Systems Ltd. is a Public Limited Listed company incorporated on 30/05/1990 and has its registered office in the State of Maharashtra, India.

PERSISTENT Share Price Details for Today: 

- Current Market Price: Rs.4,287

- Stop Loss: Rs.4,160

- Target 1: Rs.4,430

- Target 2: Rs.4,560

- 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. Pokarna LTD (POKARNA)

Pokarna Ltd. is involved in the business activities of Cutting, shaping and finishing of stone. Company’s Total Operating Revenue is Rs.76.93 Cr. and Equity Capital is Rs.6.20 Cr. for the Year ended 31/03/2021. Pokarna Ltd. is a Public Limited Listed company incorporated on 09/10/1991 and has its registered office in the State of Telangana, India.

POKARNA Share Price Details for Today: 

- Current Market Price: Rs.770

- Stop Loss: Rs.750

- Target 1: Rs.792

- Target 2: Rs.826

- 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. Container Corporation (CONCOR)

Container Corporation is involved in the business activities of Transport via railways. Company’s Total Operating Revenue is Rs.6384.96 Cr. and Equity Capital is Rs.304.65 Cr. for the Year ended 31/03/2021. Container Corporation of India Ltd. is a Public Limited Listed company incorporated on 10/03/1988 and has its registered office in the State of Delhi, India. 

CONCOR Share Price Details for Today: 

- Current Market Price: Rs.634

- Stop Loss: Rs.615

- Target 1: Rs.655

- Target 2: Rs.679

- Holding Period: 1 week

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

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets. SGX Nifty is trading at 17,274.50 levels, up 182.50 points. (Updated at 8:05 AM).

International Market

Asian Market:

Asian stocks made a positive start to the week. Japan's benchmark Nikkei 225 is up 0.92% to trade at 26,961.93. Hong Kong's Hang Seng is trading up 0.60% at 23,691.37.

US Market:

US stocks closed higher propelled by a late burst of buying, snapping a three-week losing streak and giving major indexes their best gains of the year. The Dow Jones Industrial Average closed up 1.65% at 34,725.47; the S&P 500 closed up 2.43%, at 4,431.85; and the Nasdaq Composite closed up 3.13%, at 13,770.57.