Stocks to Buy Today: March 02 2022 - LIC Housing, Sun Pharma, Adani

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 March 02

1. Sun Pharmaceuticals (SUNPHARMA)

Sun Pharmaceuticals is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.12803.21 Cr. and Equity Capital is Rs.239.93 Cr. for the Year ended 31/03/2021. Sun Pharmaceutical Industries Ltd. is a Public Limited Listed company incorporated on 01/03/1993 and has its registered office in the State of Gujarat, India.

SUNPHARMA Share Price Details for Today: 

- Current Market Price: Rs.844

- Stop Loss: Rs.822

- Target 1: Rs.866

- Target 2: Rs.885

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is near support hence making this stock best stock to buy.

2. 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. Hitachi Energy 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.3,303

- Stop Loss: Rs.3,220

- Target 1: Rs.3,390

- Target 2: Rs.3,460

- 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.

3. Adani Transmission (ADANITRANS)

Adani Transmission Ltd is involved in the business activities of Wholesale of other basic/manufactured food stuffs. Company’s Total Operating Revenue is Rs.755.23 Cr. and Equity Capital is Rs.1099.81 Cr. for the Year ended 31/03/2021. Adani Transmission Ltd. is a Public Limited Listed company incorporated on 09/12/2013 and has its registered office in the State of Gujarat, India.

ADANITRANS Share Price Details for Today: 

- Current Market Price: Rs.2,134

- Stop Loss: Rs.2,080

- Target 1: Rs.2,192

- Target 2: Rs.2,275

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is near support hence making this stock best stock to buy.

4. INGERSOLL (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.1,327

- Stop Loss: Rs.1,288

- Target 1: Rs.1,370

- Target 2: Rs.1,415

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is near support hence making this stock best stock to buy.

5. LIC Housing (LICHSGFIN)

LIC Housing Finance is involved in the business activities of Activities of specialized institutions granting credit for house purchases that also take deposits. Company’s Total Operating Revenue is Rs.19847.15 Cr. and Equity Capital is Rs.100.99 Cr. for the Year ended 31/03/2021. LIC Housing Finance Ltd. is a Public Limited Listed company incorporated on 19/06/1989 and has its registered office in the State of Maharashtra, India.

LICHSGFIN Share Price Details for Today: 

- Current Market Price: Rs.343

- Stop Loss: Rs.334

- Target 1: Rs.352

- Target 2: Rs.361

- 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 16,507.50 levels, down 200 points. (Updated at 8:35 AM).

International Market

Asian Market:

Asian stocks came under renewed pressures as concerns about the impact of aggressive sanctions against Russia sank European and Wall Street stocks. Japan's benchmark Nikkei 225 is down 1.87% to trade at 26,341.95. Hong Kong's Hang Seng is trading down 0.93% at 22,549.58, while the Shanghai Composite trades down 0.22% at 3,480.99.

US Market:

US stocks closed lower, with bank stocks declining further as the Russia-Ukraine crisis deepened, while a surge in oil prices boosted shares of energy companies. The Dow Jones Industrial Average closed down 1.76% at 33,294.95; the S&P 500 closed down 1.55%, at 4,306.26; and the Nasdaq Composite closed down 1.59% at 13,532.46.