Stocks to Buy Today: 5 Best Shares to Buy on 06-Jun-22

stocks to buy today on 06 June 2022

by 5paisa Research Team Last Updated: Jun 07, 2022, 08:50 AM IST

Stocks to Buy Today

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

IBULHSGFIN

BUY

122

119

127

132

RELIANCE

BUY

2780

2724

2875

2910

BSOFT

BUY

382

374

395

403

TRENT

BUY

1129

1097

1175

1200

METROPOLIS

BUY

1640

1597

1695

1730


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 06, 2022

1. Indiabulls Housing Finance (IBULHSGFIN)

Indiabulls Housing Finance is involved in the business activities of other credit granting. Company’s Total Operating Revenue is Rs.8654.64 Cr. and Equity Capital is Rs.92.47 Cr. for the Year ended 31/03/2021. Indiabulls Housing Finance Ltd. is a Public Limited Listed company incorporated on 10/05/2005 and has its registered office in the State of Delhi, India.


Indiabulls Housing Finance Share Price Target for Today

- Current Market Price: Rs.122

- Stop Loss: Rs.119

- Target 1: Rs.127

- Target 2: Rs.132

- 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.

2. Reliance Industries (RELIANCE)

Reliance Industries is involved in the business activities of extraction of natural gas. Company’s Total Operating Revenue is Rs.445375.00 Cr. and Equity Capital is Rs.6765.00 Cr. for the Year ended 31/03/2022. Reliance Industries Ltd. is a Public Limited Listed company incorporated on 08/05/1973 and has its registered office in the State of Maharashtra, India.

Reliance Industries Share Price Target for Today

- Current Market Price: Rs.2,780

- Stop Loss: Rs.2,724

- Target 1: Rs.2,875

- Target 2: Rs.2,910

- Holding Period: 1 week

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

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3. Birlasoft (BSOFT)

Birlasoft is involved in the business activities of writing, modifying, testing of computer program to meet the needs of a particular client excluding web-page designing. Company’s Total Operating Revenue is Rs.1640.53 Cr. and Equity Capital is Rs.55.46 Cr. for the Year ended 31/03/2021. Birlasoft Ltd. is a Public Limited Listed company incorporated on 28/12/1990 and has its registered office in the State of Maharashtra, India.

Birlasoft Share Price Target for Today

- Current Market Price: Rs.382

- Stop Loss: Rs.374

- Target 1: Rs.395

- Target 2: Rs.403

- Holding Period: 1 week

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

4. Trent (TRENT)

Trent Ltd. is involved in the business activities of retail sale of readymade garments, hosiery goods, other articles of clothing and clothing accessories such as gloves, ties, braces etc.. Company’s Total Operating Revenue is Rs.3880.73 Cr. and Equity Capital is Rs.35.55 Cr. for the Year ended 31/03/2022. Trent Ltd. is a Public Limited Listed company incorporated on 05/12/1952 and has its registered office in the State of Maharashtra, India.


Trent Share Price Target for Today

- Current Market Price: Rs.1,129

- Stop Loss: Rs.1,097

- Target 1: Rs.1,175

- Target 2: Rs.1,200

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is moving above 200 SMA in this stock hence making this stock best stock to buy.

5. Metropolis Healthcare (METROPOLIS)

Metropolis Healthcare is involved in the business activities of Activities of independent diagnostic / pathological laboratories. Company’s Total Operating Revenue is Rs.816.11 Cr. and Equity Capital is Rs.10.22 Cr. for the Year ended 31/03/2021. Metropolis Healthcare Ltd. is a Public Limited Listed company incorporated on 01/03/2006 and has its registered office in the State of Maharashtra, India.

Metropolis Healthcare Share Price Target for Today

- Current Market Price: Rs.1,640

- Stop Loss: Rs.1,597

- Target 1: Rs.1,695

- Target 2: Rs.1,730

- Holding Period: 1 week

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

 

Share Market Today

 

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

16,526.00

-0.38%

Nikkei 225 (8:00 AM)

27,840.62

+0.28%

Shanghai Composite (8:00 AM)

3,207.59

+0.38%

Hang Seng (8:00 AM)

21,232.95

+0.72%

Dow Jones (last close)

32,899.70

-1.05%

S&P 500 (last close)

4,108.54

-1.63%

Nasdaq (last close)

12,012.73

-2.47%

 

SGX Nifty indicates a negative opening for the Indian markets. Asian stocks are trading positive as China easing COVID-19 curbs offered hope for global economic recovery. US stocks closed lower as investors thought about what the better-than-expected jobs report meant for monetary policy in the future.

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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53,018.94
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15,780.25
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33,425.10
155.20 (0.47%)

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