Stocks to Buy Today: March 04 2022 - ONGC, LTI, Adani Transmission

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 04

1. ONGC (ONGC)

ONGC is involved in the business activities of Support activities for petroleum and natural gas mining. Company’s Total Operating Revenue is Rs.68087.18 Cr. and Equity Capital is Rs.6290.14 Cr. for the Year ended 31/03/2021. Oil And Natural Gas Corporation Ltd. is a Public Limited Listed company incorporated on 23/06/1993 and has its registered office in the State of Delhi, India.

ONGC Share Price Details for Today: 

- Current Market Price: Rs.170.3

- Stop Loss: Rs.165.5

- Target 1: Rs.175.5

- Target 2: Rs.179

- Holding Period: 1 week

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

2. L&T INFOTECH (LTI)

L&T Infotech is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.11562.60 Cr. and Equity Capital is Rs.17.50 Cr. for the Year ended 31/03/2021. Larsen & Toubro Infotech Ltd. is a Public Limited Listed company incorporated on 23/12/1996 and has its registered office in the State of Maharashtra, India.

LTI Share Price Details for Today: 

- Current Market Price: Rs.6,017

- Stop Loss: Rs.5,850

- Target 1: Rs.6,185

- Target 2: Rs.6,320

- 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. APL APOLLO (APLAPOLLO)

APL Apollo Tubes is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company’s Total Operating Revenue is Rs.6007.96 Cr. and Equity Capital is Rs.24.98 Cr. for the Year ended 31/03/2021. APL Apollo Tubes Ltd. is a Public Limited Listed company incorporated on 24/02/1986 and has its registered office in the State of Delhi, India.

APLAPOLLO Share Price Details for Today: 

- Current Market Price: Rs.860

- Stop Loss: Rs.838

- Target 1: Rs.883

- Target 2: Rs.906

- Holding Period: 1 week

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

4. Genesys International (GENESYS)

Genesys International Corporation is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company’s Total Operating Revenue is Rs.79.56 Cr. and Equity Capital is Rs.15.61 Cr. for the Year ended 31/03/2021. Genesys International Corporation Ltd. is a Public Limited Listed company incorporated on 28/01/1983 and has its registered office in the State of Maharashtra, India.

GENESYS Share Price Details for Today: 

- Current Market Price: Rs.543

- Stop Loss: Rs.529

- Target 1: Rs.557

- Target 2: Rs.571

- Holding Period: 1 week

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

5. 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.2,353

- Stop Loss: Rs.2,295

- Target 1: Rs.2,411

- Target 2: Rs.2,485

- 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 16,260 levels, down 251.50 points. (Updated at 8:15 AM).

International Market

Asian Market:

Asian shares trade lower. Japan's benchmark Nikkei 225 is down 2.04% to trade at 26,034.60. Hong Kong's Hang Seng is trading down 2.29% at 21,952.70, while the Shanghai Composite trades down 0.29% at 3,471.08.

US Market:

US stocks closed lower as investors assessed how a recent jump in commodities prices is likely to affect inflation and the Federal Reserve’s monetary policy. The Dow Jones Industrial Average closed down 0.29% at 33,794.66; the S&P 500 closed down 0.53%, at 4,363.49; and the Nasdaq Composite closed down 1.56% at 13,537.94.

Also read: Chart Busters: Top trading set-ups to watch for Friday