5 Stocks to Buy Today: October 8, 2021

5 Stocks to Buy Today: October 8, 2021
by 5paisa Research Team 08/10/2021

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 October 8

1. Godrej Properties (GODREJPROP)

Godrej Properties Stock Details for Today

- Current Market Price: Rs. 2,477

- Stop Loss: Rs. 2,420

- Target 1: Rs. 2,540

- Target 2: Rs. 2,625

- Holding Period: One week

5paisa Recommendation: Our technical experts see end in sideways move of the stock hence making this stock best stock to buy.

 

2. Apcotex Industries (APCOTEXIND)

Apcotex Industries Stock Details for Today: 

- Current Market Price: Rs. 446

- Stop Loss: Rs. 435

- Target 1: Rs. 459

- Target 2: Rs. 475

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying in the stock and recommends buying this stock.

 

3. Tata Motors (TATAMOTORS)

Tata Motors Stock Details for Today: 

- Current Market Price: Rs. 377

- Stop Loss: Rs. 368

- Target 1: Rs. 387

- Target 2: Rs. 405

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

4. Multi Commodity (MCX)

Multi Commodity Stock Details for Today: 

- Current Market Price: Rs. 1,820

- Stop Loss: Rs. 1,770

- Target 1: Rs. 1,874

- Target 2: Rs. 1,936

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

5. Sobha Ltd (SOBHA)

Sobha Ltd Stock Details for Today: 

- Current Market Price: Rs. 885

- Stop Loss: Rs. 863

- Target 1: Rs. 905

- Target 1: Rs. 934

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see strong volume in this stock hence making this stock best stock to buy.

 

Share Market Today

SGX NIFTY: 

SGX Nifty indicates positive opening for Indian markets. SGX Nifty is at 17,850.20 levels, higher 239.20 points. (Updated at 7:50 AM).

International Markets:

US Market: US markets rise as debt ceiling gets passed by Capital hill which sees stocks move higher.

Dow Jones closed up 340 points while Nasdaq ends with gains of 150 points.

Bond yields rise in tandem to 6-month highs at 1.58 while the US $ index also closed unchanged at 94.23.

Asian Market: Asian markets opened in the green led by the Japanese ‘Nikkei’ which was higher by over 550 points in early trade as bulls called the shots in most Asian markets over the last 2 days.

Chinese stocks will open today after the long holidays and could see effects of 'Evergrande' defaults play out on banks while excellent global cues mitigate the weakness.

Disclaimer: The above report is compiled from information available on the public platforms.

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Top ten companies where FIIs increased their stake sequentially.

Top ten companies where FIIs increased their stake sequentially.
by 5paisa Research Team 08/10/2021

There is no direct correlation between the rise in FIIs holding and share price performance at least in a shorter duration.

Big investors such as mutual funds and FIIs are considered smart investors. Any increase in their activity gives retail investors an indication that the company is likely to perform better going ahead and there is a likely increase in its share prices. Hence, we thought of analysing the companies where foreign institutional investors (FIIs) have increased their stake in the June 2021 quarter (quarter-on-quarter). We have not applied any filtration other than the increase in FIIs holding on a Q-o-Q basis. Therefore, companies with different market caps have appeared on the list.
 

Stock Name  

FII holding change QoQ %  

Shareholding Date  

YTD Change (%)  

Sakar Healthcare Ltd.  

8.76  

30-06-2021  

73.11  

5Paisa Capital Ltd.  

7.6  

30-06-2021  

52.99  

Kiri Industries Ltd.  

6.32  

30-06-2021  

-0.22  

Newgen Software Technologies Ltd.  

5.87  

30-06-2021  

109.72  

Paisalo Digital Ltd.  

5.84  

30-06-2021  

42.7  

Finkurve Financial Services Ltd.  

5.44  

30-06-2021  

17.13  

Choice International Ltd.  

5.02  

30-06-2021  

18.26  

Capacit'e Infraprojects Ltd.  

4.99  

30-06-2021  

3.02  

SE Power Ltd.  

4.99  

30-06-2021  

194.12  

Coforge Ltd.  

4.8  

30-06-2021  

107.47  

Sakar Healthcare that is listed on NSE has witnessed the highest rise in the holdings by FIIs on a sequential basis. They have increased their stake by 8.76 per cent. The stock is very volatile and was down by 24 per cent in the month of August 2021.

Nevertheless, its year till date share price is up by 73% due to better performance in the earlier part of the year. It is still down by 18% from the high reached earlier this year.

There is no direct correlation between the rise in FIIs holding and share price performance at least in a shorter duration.

For example, Kiri Industries Ltd and Capacit'e Infraprojects are the two companies where FIIs have increased their stakes, however, their price performance is dismal. SE Power, a penny stock, whose share price has more than doubled since the start of the year has seen FIIs increase stake by almost 5%.

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This top multibagger from the plastic pipe sector gained by 162% in one year.

Multibagger Alert: This top multibagger from the plastic pipe sector gained by 162% in one year.
by 5paisa Research Team 08/10/2021

Astral, with Ranveer Singh as its brand ambassador, has more than doubled shareholders’ wealth in just a year.

Astral Ltd has emerged as one of the most trusted brands in the pipes and adhesives segment. However, it is quickly becoming the most trusted stock when it comes to rewarding shareholders. The stocks of Astral Ltd have become the top multibagger in the plastic products industry.

Over the trailing twelve months from October 7, 2021, the stock has multiplied shareholders’ investment by over 2.6x. On October 5, 2021, it created a new 52-week high of Rs 2,431.90 on BSE.

The fundamental story of this multibagger stock has been like never before. It witnessed one of the best ever financial performances in its history for FY21. The YoY net sales jumped by 23.2% to Rs 3,176 crore in FY21. The economies of scale fueled the margins and boosted EBITDA growth by 46.8% to Rs 668 crore. The net profit too improved to Rs 415 crore, growth of 65% due to shifted focus on selling high margin products.

The company initially started off with the business of pipes and fitting but eventually ventured into adhesives, infrastructure and water tanks. In 2020, it forayed into the water tank business to explore the huge 'tank' of opportunities worth Rs 65,000, with the acquisition of brand ‘Sarita’. The pipes sector is expected to grow at a CAGR of 11.3% over the next five years. This multibagger company has also been focused on building a strong brand proposition through marketing activities such as hosting Ranveer Singh as its brand ambassador, being official partners and sponsors to IPL teams like Mumbai Indians and Delhi Capitals.

While IT, pharma, FMCG have been the saviours for markets over the past year and have been the highlights, this sector too has shown promise and should be on your watchlist.

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Top 5 gainers and losers in the Midcap and Smallcap segments during this week.

Top 5 gainers and losers in the Midcap and Smallcap segments during this week.
by 5paisa Research Team 08/10/2021

List of top 5 gainers and losers in the Mid-cap and Small-cap segments during the first week of October 2021.

With the vaccination pace gathering further momentum along with the lowest Covid-19 cases for the past few months across the country, the stock market witnessed another rally this week. During the period from Friday i.e. October 1 to October 7, the Nifty 50 index rallied 1.47% from 17,532.05 to 17,790.35. Similarly, the BSE 500 index showed a gain of 1.87% from 23,873.27 to 24,321.31. There was an important announcement from the RBI Governor Shaktikanta Das where he kept the repo rate, reverse repo rate and CRR unchanged, thereby, further creating a positive atmosphere in the Indian markets which led to a rally on Friday.
 

 

Let us have a look at the top 5 gainers and losers in the Midcap space for this week:

Top 5 gainers (Mid cap) 

Percentage returns 

Chemplast Sanmar Ltd. 

23.69 

National Standard (India) Ltd. 

21.55 

Brightcom Group Ltd. 

21.42 

Nazara Technologies Ltd. 

16.36 

Dilip Buildcon Ltd. 

15.67 

The top gainer in the Midcap segment was Chemplast Sanmar Ltd The shares of the company delivered a return of 23.69% during the first week of October. The share price of the company rose from Rs 601 to Rs 743.70 during the period. The recently (re)listed Chemplast Sanmar spurted due to overall buoyant sentiment towards speciality chemical stocks and a positive rating from Crisil.

Demand from domestic as well export markets is increasing at a faster clip as production is shifting to India. Also, the recent power crises in China added to the rally in chemical stocks.

The top 5 losers from the Midcap segment for this week are as follows:

Top 5 losers (Mid Cap) 

Percentage returns 

CG Power and Industrial Solutions Ltd. 

-6.51 

Angel One Ltd. 

-5.65 

Hikal Ltd. 

-5.63 

JB Chemicals & Pharmaceuticals Ltd. 

-4.47 

Tube Investments of India Ltd. 

-4.38 

CG Power and Industrial Solutions Ltd topped the group as the top loser in the Midcap this week. The shares of the company declined 6.51% from Rs 124.25 to Rs 116.80.

Let us move towards the top 5 gainers in the Smallcap segment:

Top 5 gainers (Smallcap) 

Percentage returns 

Yasho Industries Ltd. 

36.9 

Patel Engineering Ltd. 

36.16 

IG Petrochemicals Ltd. 

30.76 

Suven Life Sciences Ltd. 

27.58 

Best Agrolife Ltd. 

26.85 

 

Yasho Industries Limited topped the group in the Smallcap space with a gain of 36.9% returns in one week. As all the chemical stocks rallied this week due to positive sentiments in the industry and the China power outbreak, this smallcap was no exception. This fundamentally strong chemical company rallied from Rs 903 to Rs 1,235 this week.

The top 5 losers in the Smallcap segment for this week are as follows:

Top 5 losers (Smallcap) 

Percentage returns 

Mishtann Foods Ltd. 

-9.91 

Surya Roshni Ltd. 

-8.85 

Solara Active Pharma Sciences Ltd. 

-7.94 

Acrysil Ltd. 

-5.8 

Titagarh Wagons Ltd. 

-4.9 

As smallcap stocks are known for their volatility, this stock of Mishtann Foods Ltd was down by 9.91% this week. The share price went down from Rs 23.20 to 20.95 this week, thereby topping the list of the top losers in the smallcap segment.

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Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 9, 2021.

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 9, 2021.
by 5paisa Research Team 08/10/2021

Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Route Mobile, Reliance Industries and Bank of Baroda. 

Many times market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow.

The superstar stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar BTST stocks for October 9, 2021. 

Route Mobile: The stock has jumped 4% on Friday. It has formed a bullish candle and witnessed a breakout of horizontal trendline along with a huge surge in volume. Interestingly, almost two hours are remaining in Friday’s session and the stock has already surpassed the volume of its previous trading session, in fact, volumes are highest since September 15. The RSI on an hourly, daily and weekly time frame is in the bullish territory. The stock can probably test levels of Rs 2175 followed by Rs 2200 on the upside, while on the downside, support is seen around Rs 2070.

Reliance Industries: The stock has gained over 3% on Friday. The daily volume so far has already surpassed its previous day volume and it is the highest in the last three days. The 14-period RSI is in the bullish territory on hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 2700 followed by Rs 2740 on the upside. On the downside, the level of Rs 2640 is likely to act as immediate support for the stock. 

Bank of Baroda: The stock is on verge of a breakout of horizontal trendline. The stock has already surpassed the volume of its previous trading session. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 90 and immediate support for the stock is placed at Rs 83.5.

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Top 5 Large cap gainers and losers this week.

Top 5 Large cap gainers and losers this week.
by 5paisa Research Team 08/10/2021

List of top 5 gainers and losers this week in the Large-cap space.

The domestic equity market settled with steady gains this week. In the period from Friday i.e. October 1 to October 7, the Nifty 50 index rallied 1.47% from 17,532.05 to 17,790.35. Similarly, the BSE 500 index showed a gain of 1.87% from 23,873.27 to 24,321.31. All eyes are now set on India Inc's September quarter earnings, which will kick off on Friday with IT bellwether TCS set to announce its results.

Let us have a look at the top gainers and losers in the large-cap space.

Top 5 Gainers in the Large Cap category 

Return (%) 

Indian Railway Catering And Tourism Corporation Ltd. 

23.90 

Deepak Nitrite Ltd. 

20.54 

Sona BLW Precision Forgings Ltd. 

16.22 

Page Industries Ltd. 

15.13 

Aarti Industries Ltd. 

14.83 

  

Top 5 Losers in the Large Cap category 

Return (%) 

IDBI Bank Ltd. 

-10.00 

Cipla Ltd. 

-7.17 

Grasim Industries Ltd. 

-4.87 

Shree Cement Ltd. 

-3.56 

Indus Towers Ltd. 

-2.62 

Indian Railway Catering And Tourism Corporation:

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) are trading close to the 52-week high of Rs 4,965. The stock gained 23.90% in this week on the back of heavy volumes, ahead of a 1:5 stock split. Among the other factors fueling the surge in stock price are the monopolistic nature of the business and the economic recovery coupled with an increase in travel given the vaccination level against the Covid-19 infection.

Deepak Nitrite:

Stocks from the chemical sectors also saw a huge buying momentum this week and Deepak Nitrite was no exception. The buying was driven by the perception that the sector is set to see another leg of earnings boom thanks to the troubles in China. The country's power crisis is forcing its industries to cut back on production, which in turn is pushing prices of several chemical intermediates higher in the international and domestic market. Deepak Nitrite has so far rallied 20.54% this week and is approaching its 52-week high of Rs 2,944.95.

Sona BLW Precision Forgings:

On the back of its collaboration with IRP Nexus Group this week, the shares of Sona BLW Precision Forgings have surged 16.22 per cent so far. The wholly-owned subsidiary of the company Sona Comstar entered into a collaboration agreement with IRP Nexus Group, Israel, to develop, manufacture, and supply a Magnet-less Drive Motor and the Matching Controller for Performance Two-wheelers and Three-wheelers for the Global Market. Under the arrangement, Sona Comstar will pay onetime license fees and royalty to IRP Nexus to have the exclusive rights to manufacture the System in India and non-exclusive rights to sell and distribute the System globally for 7 years. The company believes that this new technology will have wide-scale implications and the potential towards environmental sustainability, besides reducing the cost of EV vehicles.