Stocks to Buy Today: March 09 2022 - L&T Tech, Fine Organic, Hitachi

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 09

1. Indian Bank (INDIANB)

Indian Bank is a Public Limited Listed company incorporated on 05/03/1907 and registered in the State of Tamilnadu, India.

INDIANB Share Price Details for Today: 

- Current Market Price: Rs.145

- Stop Loss: Rs.141

- Target 1: Rs.149

- Target 2: Rs.154

- 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 Technology (LTTS)

L&T Technology Service is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.4964.00 Cr. and Equity Capital is Rs.21.00 Cr. for the Year ended 31/03/2021. L&T Technology Services Ltd. is a Public Limited Listed company incorporated on 14/06/2012 and has its registered office in the State of Maharashtra, India.

LTTS Share Price Details for Today: 

- Current Market Price: Rs.4,826

- Stop Loss: Rs.4,715

- Target 1: Rs.4,940

- Target 2: Rs.5,065

- 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. Sobha Ltd (SOBHA)

Sobha is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs.2141.87 Cr. and Equity Capital is Rs.94.85 Cr. for the Year ended 31/03/2021. Sobha Ltd. is a Public Limited Listed company incorporated on 07/08/1995 and has its registered office in the State of Karnataka, India.

SOBHA Share Price Details for Today: 

- Current Market Price: Rs.753

- Stop Loss: Rs.733

- Target 1: Rs.774

- Target 2: Rs.797

- Holding Period: 1 week

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

4. Fine Organic (FINEORG)

Fine Organic Industries is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.1121.29 Cr. and Equity Capital is Rs.15.33 Cr. for the Year ended 31/03/2021. Fine Organic Industries Ltd. is a Public Limited Listed company incorporated on 24/05/2002 and has its registered office in the State of Maharashtra, India.

FINEORG Share Price Details for Today: 

- Current Market Price: Rs.4,069

- Stop Loss: Rs.3,950

- Target 1: Rs.4,190

- Target 2: Rs.4,271

- Holding Period: 1 week

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

5. 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.3,408

- Stop Loss: Rs.3,316

- Target 1: Rs.3,500

- Target 2: Rs.3,590

- 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 16,011 levels, up 69.50 points. (Updated at 7:30 AM).

International Market

Asian Market:

Asian stocks were trading in green. Japan's benchmark Nikkei 225 is up 1.03% to trade at 25,047.42. Hong Kong's Hang Seng is trading up 0.78% at 20,928.55, while the Shanghai Composite trades up 0.46% at 3,308.67. (Updated at 7:30 AM).

US Market:

US stocks closed lower as investors weighed the US ban on Russian energy. The Dow Jones Industrial Average closed down 0.56% at 32,632.64; the S&P 500 closed down 0.72%, at 4,170.70; and the Nasdaq Composite closed down 0.28% at 12,795.55.