Stocks to Buy Today: 5 Best Shares to Buy on 07-Jun-22

stocks to buy today on 07 June 2022

by 5paisa Research Team Last Updated: Jun 07, 2022, 08:57 AM IST

Stocks to Buy Today

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

TATASTEEL

BUY

1080

1048

1125

1150

BALRAMCHIN

BUY

408

396

425

433

TATACONSUM

BUY

763

743

793

820

RAIN

BUY

175

169.50

183

190

NOCIL

BUY

266

260

276

283


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 07, 2022

1. Tata Steel (TATASTEEL)

Tata Steel is involved in the business activities of manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs.129021.35 Cr. and Equity Capital is Rs.1222.37 Cr. for the Year ended 31/03/2022. Tata Steel Ltd. is a Public Limited Listed company incorporated on 26/08/1907 and has its registered office in the State of Maharashtra, India. 


Tata Steel Share Price Target for Today

- Current Market Price: Rs.1,080

- Stop Loss: Rs.1,048

- Target 1: Rs.1,125

- Target 2: Rs.1,150

- 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. Balrampur Chini Mills (BALRAMCHIN)

Balrampur Chini 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.4811.66 Cr. and Equity Capital is Rs.21.00 Cr. for the Year ended 31/03/2021. Balrampur Chini Mills Ltd. is a Public Limited Listed company incorporated on 14/07/1975 and has its registered office in the State of West Bengal, India.

Balrampur Chini Mills Share Price Target for Today

- Current Market Price: Rs.408

- Stop Loss: Rs.396

- Target 1: Rs.425

- Target 2: Rs.433

- 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. Tata Consumer Products (TATACONSUM)

Tata Consumer Products is involved in the business activities of manufacture of other food products. Company’s Total Operating Revenue is Rs.7932.29 Cr. and Equity Capital is Rs.92.16 Cr. for the Year ended 31/03/2022. Tata Consumer Products Ltd. is a Public Limited Listed company incorporated on 18/10/1962 and has its registered office in the State of West Bengal, India.

Tata Consumer Products Share Price Target for Today

- Current Market Price: Rs.763

- Stop Loss: Rs.743

- Target 1: Rs.793

- Target 2: Rs.820

- 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. Rain Industries (RAIN)

Rain Industries is involved in the business activities of manufacture of other petroleum (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals). Company’s Total Operating Revenue is Rs.53.55 Cr. and Equity Capital is Rs. 67.27 Cr. for the Year ended 31/12/2021. Rain Industries Ltd. is a Public Limited Listed company incorporated on 15/03/1974 and has its registered office in the State of Telangana, India.


Rain Industries Share Price Target for Today

- Current Market Price: Rs.175

- Stop Loss: Rs.169.50

- Target 1: Rs.183

- Target 2: Rs.190

- 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. NOCIL (NOCIL)

NOCIL Ltd. is involved in the business activities of manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.924.66 Cr. and Equity Capital is Rs.166.22 Cr. for the Year ended 31/03/2021. NOCIL Ltd. is a Public Limited Listed company incorporated on 11/05/1961 and has its registered office in the State of Maharashtra, India.

NOCIL Share Price Target for Today

- Current Market Price: Rs.266

- Stop Loss: Rs.260

- Target 1: Rs.276

- Target 2: Rs.283

- 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)

16,472.00

-0.60%

Nikkei 225 (8:00 AM)

28,023.45

+0.39%

Shanghai Composite (8:00 AM)

3,237.79

+0.04%

Hang Seng (8:00 AM)

21,598.97

-0.25%

Dow Jones (last close)

32,915.78

+0.05%

S&P 500 (last close)

4,121.43

+0.31%

Nasdaq (last close)

12,061.37

+0.40%

 

SGX Nifty indicates a negative opening for the Indian markets. Asian stocks are trading mixed. US stocks closed slightly higher, buoyed by Amazon.com and other mega-cap growth businesses. Inflation and interest rate worries capped the market.

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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