Stocks to Buy Today: March 03 2022 - Adani Total, GNFC, MGEL

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 03

1. KEI Industries (KEI)

KEI Industries is involved in the business activities of Construction/erection and maintenance of power, telecommunication and transmission lines. Company’s Total Operating Revenue is Rs.4181.49 Cr. and Equity Capital is Rs.17.97 Cr. for the Year ended 31/03/2021. KEI Industries Ltd. is a Public Limited Listed company incorporated on 31/12/1992 and has its registered office in the State of Delhi, India.

KEI Share Price Details for Today: 

- Current Market Price: Rs.1,052

- Stop Loss: Rs.1,025

- Target 1: Rs.1,080

- Target 2: Rs.1,115

- Holding Period: 1 week

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

2. Gujarat Narmada (GNFC)

Gujarat Narmada Valley is involved in the business activities of Manufacture of urea and other organic fertilizers. Company’s Total Operating Revenue is Rs.5128.69 Cr. and Equity Capital is Rs.155.42 Cr. for the Year ended 31/03/2021. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is a Public Limited Listed company incorporated on 10/05/1976 and has its registered office in the State of Gujarat, India.

GNFC Share Price Details for Today: 

- Current Market Price: Rs.583

- Stop Loss: Rs.569

- Target 1: Rs.597

- Target 2: Rs.608

- 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. Mangalam Global (MGEL)

Mangalam Global Ent is involved in the business activities of Manufacture of vegetable and animal oils and fats. Company’s Total Operating Revenue is Rs.907.78 Cr. and Equity Capital is Rs.25.09 Cr. for the Year ended 31/03/2021. Mangalam Global Enterprise Ltd. is a Public Limited Listed company incorporated on 27/09/2010 and has its registered office in the State of Gujarat, India.

MGEL Share Price Details for Today: 

- Current Market Price: Rs.177.5

- Stop Loss: Rs.173

- Target 1: Rs.182

- Target 2: Rs.186

- Holding Period: 1 week

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

4. Praj Industries (PRAJIND)

Praj Industries is involved in the business activities of Manufacture of other special-purpose machinery. Company’s Total Operating Revenue is Rs.1088.54 Cr. and Equity Capital is Rs.36.65 Cr. for the Year ended 31/03/2021. Praj Industries Ltd. is a Public Limited Listed company incorporated on 08/11/1985 and has its registered office in the State of Maharashtra, India.

PRAJIND Share Price Details for Today: 

- Current Market Price: Rs.359

- Stop Loss: Rs.350

- Target 1: Rs.369

- Target 2: Rs.380

- Holding Period: 1 week

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

5. Adani Total (ATGL)

Adani Total Gas is involved in the business activities of Manufacture of gas. Company’s Total Operating Revenue is Rs.1695.60 Cr. and Equity Capital is Rs.109.98 Cr. for the Year ended 31/03/2021. Adani Total Gas Ltd. is a Public Limited Listed company incorporated on 05/08/2005 and has its registered office in the State of Gujarat, India.

ATGL Share Price Details for Today: 

- Current Market Price: Rs.1,668

- Stop Loss: Rs.1,622

- Target 1: Rs.1,715

- Target 2: Rs.1,756

- 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 positive opening for the Indian markets. SGX Nifty is trading at 16,674.50 levels, up 57.50 points. (Updated at 8:20 AM).

International Market

Asian Market:

Asian shares trades higher after reassuring comments from the Federal Reserve helped Wall Street rally, though the war in Ukraine sent oil and resource prices spiralling ever higher in a grim omen for global inflation. Japan's benchmark Nikkei 225 is up 0.80% to trade at 26,604.10. Hong Kong's Hang Seng is trading up 0.62% at 22,482.87, while the Shanghai Composite trades up 0.21% at 3,491.48.

US Market:

US stocks closed up after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared. The Dow Jones Industrial Average closed up 1.79% at 33,891.35; the S&P 500 closed up 1.86%, at 4,386.54; and the Nasdaq Composite closed up 1.62% at 13,752.02.

Also read: Here’s a set of high dividend yield stocks that may help tide over a volatile market