Stocks to Buy Today: 5 Best Shares to Buy on 02-May-22

Stocks to Buy Today on 02-may-22

by 5paisa Research Team Last Updated: May 09, 2022, 03:09 PM IST

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

INDHOTEL

BUY

257

251

263

269

RUPA

BUY

528

513

543

564

SAPPHIRE

BUY

1327

1290

1365

1400

ROUTE

BUY

1638

1595

1681

1723

CHENNPETRO

BUY

279

273

285

292


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 on May 02, 2022


1. Indian Hotels (INDHOTEL)

Indian Hotels Co is involved in the business activities of Short term accommodation activities. Company’s Total Operating Revenue is Rs.2003.34 Cr. and Equity Capital is Rs.142.04 Cr. for the Year ended 31/03/2022. Indian Hotels Company Ltd. is a Public Limited Listed company incorporated on 01/04/1902 and has its registered office in the State of Maharashtra, India.


INDHOTEL Share Price Target for Today

- Current Market Price: Rs.257

- Stop Loss: Rs.251

- Target 1: Rs.263

- Target 2: Rs.269

- Holding Period: 1 week

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

2. RUPA (RUPA)

Rupa & Company is involved in the business activities of Manufacture of other knitted and crocheted apparel including hosiery. Company’s Total Operating Revenue is Rs.1261.22 Cr. and Equity Capital is Rs.7.96 Cr. for the Year ended 31/03/2021. Rupa & Company Ltd. is a Public Limited Listed company incorporated on 06/02/1985 and has its registered office in the State of West Bengal, India.


RUPA Share Price Target for Today

- Current Market Price: Rs.528

- Stop Loss: Rs.513

- Target 1: Rs.543

- Target 2: Rs.564

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying opportunity in this stock and hence making this stock as the best stock to buy today.

 

banner


3. Sapphire Foods (SAPPHIRE)

Sapphire Foods India is involved in the business activities of Food and beverage service activities. Company’s Total Operating Revenue is Rs.805.17 Cr. and Equity Capital is Rs.52.79 Cr. for the Year ended 31/03/2021. Sapphire Foods India Ltd. is a Public Limited Listed company incorporated on 10/11/2009 and has its registered office in the State of Maharashtra, India.


SAPPHIRE Share Price Target for Today

- Current Market Price: Rs.1,327

- Stop Loss: Rs.1,290

- Target 1: Rs.1,365

- Target 2: Rs.1,400

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

4. Route Mobile (ROUTE)

Route Mobile is involved in the business activities of Other information service activities. Company’s Total Operating Revenue is Rs.376.38 Cr. and Equity Capital is Rs.57.71 Cr. for the Year ended 31/03/2021. Route Mobile Ltd. is a Private Limited Listed company incorporated on 14/05/2004 and has its registered office in the State of Maharashtra, India.


ROUTE Share Price Target for Today

- Current Market Price: Rs.1,638

- Stop Loss: Rs.1,595

- Target 1: Rs.1,681

- Target 2: Rs.1,723

- 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.

5. Chennai Petroleum (CHENNPETRO)

Chennai Petroleum belongs to the Industry of Refineries. Company’s Total Operating Revenue is Rs.43375.38 Cr. and Equity Capital is Rs.148.91 Cr. for the Year ended 31/03/2022. Chennai Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 30/12/1965 and has its registered office in the State of Tamil Nadu, India.

CHENNPETRO Share Price Target for Today

- Current Market Price: Rs.279

- Stop Loss: Rs.273

- Target 1: Rs.285

- Target 2: Rs.292

- 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.

Share Market Today

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

16,867

-1.52%

Nikkei 225 (8:00 AM)

26,693.42

-0.58%

Dow Jones (last close)

32,977.21

-2.77%

S&P 500 (last close)

4,131.93

-3.63%

Nasdaq (last close)

12,334.64

-4.17%

 

SGX Nifty indicates a negative opening for the Indian markets. Asian stocks are trading in the red. US stocks closed plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic.

Open Free Demat Account

& get benefits worth 5100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT5100
Enter Promo code

By proceeding, you agree to the T&C.

SENSEX
54,052.61
-236.00 (-0.43%)
Nifty 50
16,125.15
-89.55 (-0.55%)
Nifty Bank
34,290.15
42.55 (0.12%)
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number