Stocks to Buy Today: March 07 2022 - Birla Cable, Tech Mahindra, Wipro

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 07

1. Intellect Design (INTELLECT)

Intellect Design is involved in the business activities of Providing software support and maintenance to the clients. Company’s Total Operating Revenue is Rs.1003.23 Cr. and Equity Capital is Rs.66.49 Cr. for the Year ended 31/03/2021. Intellect Design Arena Ltd. is a Public Limited Listed company incorporated on 18/04/2011 and has its registered office in the State of Tamil Nadu, India.

INTELLECT Share Price Details for Today: 

- Current Market Price: Rs.679

- Stop Loss: Rs.661

- Target 1: Rs.697

- Target 2: Rs.715

- Holding Period: 1 week

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

2. Birla Cable (BIRLACABLE)

Birla Cable is involved in the business activities of Manufacture of fibre optic cables for data transmission or live transmission of images. Company’s Total Operating Revenue is Rs.328.52 Cr. and Equity Capital is Rs.30.00 Cr. for the Year ended 31/03/2021. Birla Cable Ltd. is a Public Limited Listed company incorporated on 30/06/1992 and has its registered office in the State of Madhya Pradesh, India.

BIRLACABLE Share Price Details for Today: 

- Current Market Price: Rs.143.6

- Stop Loss: Rs.140

- Target 1: Rs.147.5

- Target 2: Rs.150

- 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. Tech Mahindra (TECHM)

Tech Mahindra is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.29640.90 Cr. and Equity Capital is Rs.484.10 Cr. for the Year ended 31/03/2021. Tech Mahindra Ltd. is a Public Limited Listed company incorporated on 24/10/1986 and has its registered office in the State of Maharashtra, India.

TECHM Share Price Details for Today: 

- Current Market Price: Rs.1,454

- Stop Loss: Rs.1,415

- Target 1: Rs.1,495

- Target 2: Rs.1,540

- Holding Period: 1 week

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

4. Hindustan Petroleum (HINDPETRO)

Hindustan Petroleum is involved in the business activities of Manufacture of refined petroleum products. Company’s Total Operating Revenue is Rs.232996.81 Cr. and Equity Capital is Rs.1452.41 Cr. for the Year ended 31/03/2021. Hindustan Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 05/07/1952 and has its registered office in the State of Maharashtra, India.

HINDPETRO Share Price Details for Today: 

- Current Market Price: Rs.285

- Stop Loss: Rs.279

- Target 1: Rs.291

- Target 2: Rs.302

- Holding Period: 1 week

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

5. Wipro Ltd (WIPRO)

Wipro is involved in the business activities of Providing software support and maintenance to the clients. Company’s Total Operating Revenue is Rs.50299.40 Cr. and Equity Capital is Rs.1095.80 Cr. for the Year ended 31/03/2021. Wipro Ltd. is a Public Limited Listed company incorporated on 29/12/1945 and has its registered office in the State of Karnataka, India.

WIPRO Share Price Details for Today: 

- Current Market Price: Rs.575

- Stop Loss: Rs.561

- Target 1: Rs.590

- Target 2: Rs.609

- 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 15,820 levels, down 424 points. (Updated at 8:30 AM).

International Market

Asian Market:

Asian stocks were trading lower on worries of economic fallout due to war in Ukraine and sustained regulatory pressure on China's tech sector. Japan's benchmark Nikkei 225 is down 3.15% to trade at 25,166.23. Hong Kong's Hang Seng is trading down 3.47% at 21,145.14, while the Shanghai Composite trades down 1.19% at 3,406.61.

US Market:

US stocks closed lower as the Russia-Ukraine conflict sparked nuclear fears. The Dow Jones Industrial Average closed down 0.53% at 33,614.80; the S&P 500 closed down 0.79%, at 4,328.87; and the Nasdaq Composite closed down 1.66% at 13,313.44.