Stocks to Buy Today: 5 Best Shares to Buy on 11-May-22

Stocks to Buy Today on 11-may-22

by 5paisa Research Team Last Updated: May 11, 2022, 03:19 PM IST

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

ICICIBANK

BUY

711

693

729

749

BPCL

BUY

353

345

361

369

EICHERMOT

BUY

2416

2355

2478

2545

MARICO

BUY

502

489

515

530

SBIN

BUY

475

463

487

498


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 11, 2022


1. ICICI Bank (ICICIBANK)

ICICI 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.86374.55 Cr. and Equity Capital is Rs.1656.38 Cr. for the Year ended 31/03/2022. ICICI Bank Ltd. is a Public Limited Listed company incorporated on 05/01/1994 and has its registered office in the State of Gujarat, India.


ICICIBANK Share Price Target for Today

- Current Market Price: Rs.711

- Stop Loss: Rs.693

- Target 1: Rs.729

- Target 2: Rs.749

- Holding Period: 1 week

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

2. Bharat Petroleum (BPCL)

Bharat Petroleum is involved in the business activities of Production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals. Company’s Total Operating Revenue is Rs.232545.12 Cr. and Equity Capital is Rs.2092.91 Cr. for the Year ended 31/03/2021. Bharat Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 03/11/1952 and has its registered office in the State of Maharashtra, India.


BPCL Share Price Target for Today

- Current Market Price: Rs.353

- Stop Loss: Rs.345

- Target 1: Rs.361

- Target 2: Rs.369

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is oversold on the chart hence making this stock best stock to buy.

 

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3. EICHER MOTORS (EICHERMOT)

Eicher Motors is involved in the business activities of Manufacture of motorcycles. Company’s Total Operating Revenue is Rs.8619.04 Cr. and Equity Capital is Rs.27.33 Cr. for the Year ended 31/03/2021. Eicher Motors Ltd. is a Public Limited Listed company incorporated on 14/10/1982 and has its registered office in the State of Delhi, India.


EICHERMOT Share Price Target for Today

- Current Market Price: Rs.2,416

- Stop Loss: Rs.2,355

- Target 1: Rs.2,478

- Target 2: Rs.2,545

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects recovery on cards and recommends adding this stock in to your list of best stocks to buy today.

4. MARICO LTD (MARICO)

Marico Ltd. is involved in the business activities of Other grain milling and processing. Company’s Total Operating Revenue is Rs.7500.00 Cr. and Equity Capital is Rs.129.00 Cr. for the Year ended 31/03/2022. Marico Ltd. is a Public Limited Listed company incorporated on 13/10/1988 and has its registered office in the State of Maharashtra, India.


MARICO Share Price Target for Today

- Current Market Price: Rs.502

- Stop Loss: Rs.489

- Target 1: Rs.515

- Target 2: Rs.530

- 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.

5. STATE BANK (SBIN)

State Bank of India is a Public Limited Listed company incorporated on 31/12/1955 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Banking Business.

SBIN Share Price Target for Today

- Current Market Price: Rs.475

- Stop Loss: Rs.463

- Target 1: Rs.487

- Target 2: Rs.498

- 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)

16,185.50

-0.16%

Nikkei 225 (8:00 AM)

26,249.83

+0.32%

Shanghai Composite (8:00 AM)

3,076.15

+1.33%

Hang Seng (8:00 AM)

19,836.58

+1.03%

Dow Jones (last close)

32,160.74

-0.26%

S&P 500 (last close)

4,001.05

+0.25%

Nasdaq (last close)

11,737.67

+0.98%

 

SGX Nifty indicates a flat opening for the Indian markets. Asian stocks are trading positively. Most US stocks closed in the green on Tuesday.

About the Author

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

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