Stocks to Buy Today: 5 Best Shares to Buy on 03-Jun-22

stocks to buy today

by 5paisa Research Team Last Updated: Jun 03, 2022, 09:00 AM IST

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

MCDOWELL-N

BUY

824

801

850

870

ZENSARTECH

BUY

313

305

326

340

ADANIPORTS

BUY

748

730

778

795

FEDERALBANK

BUY

92

90.50

94

97

OIL

BUY

250

242

262

268


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 Jun 03, 2022

1. United Spirits (MCDOWELL-N)

United Spirits is involved in the business activities of distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs.7889.20 Cr. and Equity Capital is Rs.145.30 Cr. for the Year ended 31/03/2021. United Spirits Ltd. is a Public Limited Listed company incorporated on 31/03/1999 and has its registered office in the State of Karnataka, India.


United Spirits Share Price Target for Today

- Current Market Price: Rs.824

- Stop Loss: Rs.801

- Target 1: Rs.850

- Target 2: Rs.870

- Holding Period: 1 week

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

2. Zensar Technologies (ZENSARTECH)

Zensar Technologies is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.1628.90 Cr. and Equity Capital is Rs.45.20 Cr. for the Year ended 31/03/2022. Zensar Technologies Ltd. is a Public Limited Listed company incorporated on 29/03/1963 and has its registered office in the State of Maharashtra, India.

Zensar Technologies Share Price Target for Today

- Current Market Price: Rs.313

- Stop Loss: Rs.305

- Target 1: Rs.326

- Target 2: Rs.340

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects the stock to be double bottom pattern hence making this stock best stock to buy.
 

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3. Adani Ports & Special Economic Zone (ADANIPORTS)

Adani Ports & Special is involved in the business activities of cargo handling incidental to water transport. Company’s Total Operating Revenue is Rs.4377.15 Cr. and Equity Capital is Rs.406.35 Cr. for the Year ended 31/03/2021. Adani Ports & Special Economic Zone Ltd. is a Public Limited Listed company incorporated on 26/05/1998 and has its registered office in the State of Gujarat, India.

Adani Ports & Special Economic Zone Share Price Target for Today

- Current Market Price: Rs.748

- Stop Loss: Rs.730

- Target 1: Rs.778

- Target 2: Rs.795

- Holding Period: 1 week

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

4. Federal Bank (FEDERALBANK)

Federal Bank is involved in the business activities of monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs.13660.76 Cr. and Equity Capital is Rs.420.51 Cr. for the Year ended 31/03/2022. Federal Bank Ltd. is a Public Limited Listed company incorporated on 23/04/1931 and has its registered office in the State of Kerala, India.


Federal Bank Share Price Target for Today

- Current Market Price: Rs.92

- Stop Loss: Rs.90.50

- Target 1: Rs.94

- Target 2: Rs.97

- Holding Period: 1 week

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

5. Oil India (OIL)

Oil India Ltd. is involved in the business activities of extraction of natural gas. Company’s Total Operating Revenue is Rs.8618.38 Cr. and Equity Capital is Rs.1084.41 Cr. for the Year ended 31/03/2021. Oil India Ltd. is a Public Limited Listed company incorporated on 18/02/1959 and has its registered office in the State of Assam, India.

Oil India Share Price Target for Today

- Current Market Price: Rs.250

- Stop Loss: Rs.242

- Target 1: Rs.262

- Target 2: Rs.268

- Holding Period: 1 week

5paisa Recommendation: Our technical experts stock on verge of breakout for this stock and hence making this stock best stock to buy.
 

Share Market Today

 

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

16,813.00

+1.22%

Nikkei 225 (8:00 AM)

27,715.60

+1.10%

Shanghai Composite (8:00 AM)

3,195.46

+0.42%

Hang Seng (8:00 AM)

21,082.13

-1.00%

Dow Jones (last close)

33,248.28

+1.33%

S&P 500 (last close)

4,176.82

+1.84%

Nasdaq (last close)

12,316.90

+2.69%

 

SGX Nifty indicates a positive opening for the Indian markets. Most Asian stocks are trading positive ahead of the key US jobs report. US stocks closed higher despite a bleak Microsoft outlook and a hawkish Fed.

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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SENSEX
53,177.45
16.17 (0.03%)
Nifty 50
15,850.20
18.15 (0.11%)
Nifty Bank
33,642.45
-168.80 (-0.50%)

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