Stocks to Buy Today: 5 Best Shares to Buy on 16-May-22

Stocks to Buy Today on 16-may-22

by 5paisa Research Team Last Updated: May 17, 2022, 09:52 PM IST

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

JBCHEPHARM

BUY

1592

1553

1631

1670

FLUOROCHEM

BUY

2376

2320

2434

2495

EASEMYTRIP

BUY

358

350

366

374

EICHERMOT

BUY

2433

2370

2497

2556

HAVELLS

BUY

1235

1202

1270

1300


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 16, 2022


1. J B Chemicals & Pharmaceuticals(JBCHEPHARM)

J B Chemicals & Pharmaceuticals is involved in the business activities of manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.1892.00 Cr. and Equity Capital is Rs.15.46 Cr. for the year ended 31/03/2021. J B Chemicals & Pharmaceuticals Ltd. is a public limited listed company incorporated on 18/12/1976 and has its registered office in the State of Maharashtra, India.


JBCHEPHARM Share Price Target for Today

- Current Market Price: Rs.1,592

- Stop Loss: Rs.1,553

- Target 1: Rs.1,631

- Target 2: Rs.1,670

- Holding Period: 1 week

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

2. Gujarat Fluorochemicals (FLUOROCHEM)

Gujarat Fluorochemicals belongs to the Industry of Chemicals - Speciality - Others. Company’s Total Operating Revenue is Rs.2523.61 Cr. and Equity Capital is Rs.10.99 Cr. for the Year ended 31/03/2021. Gujarat Fluorochemicals Ltd. is a Public Limited Listed company incorporated on 06/12/2018 and has its registered office in the State of Gujarat, India.


FLUOROCHEM Share Price Target for Today

- Current Market Price: Rs.2,376

- Stop Loss: Rs.2,320

- Target 1: Rs.2,434

- Target 2: Rs.2,495

- 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. EASY TRIP (EASEMYTRIP)

Easy Trip Planners belongs to the Industry of Travel Agent / Tourism Deve. / Amusement Park. Company’s Total Operating Revenue is Rs.106.69 Cr. and Equity Capital is Rs.21.73 Cr. for the Year ended 31/03/2021. Easy Trip Planners Ltd. is a Public Limited Listed company incorporated on 04/06/2008 and has its registered office in the State of Delhi, India.


EASEMYTRIP Share Price Target for Today

- Current Market Price: Rs.358

- Stop Loss: Rs.350

- Target 1: Rs.366

- Target 2: Rs.374 

- 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. 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.2,433

- Stop Loss: Rs.2,370

- Target 1: Rs.2,497

- Target 2: Rs.2,556

- 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. Havells India (HAVELLS)

Havells India is involved in the business activities of Manufacture of other electronic and electric wires and cables. Company’s Total Operating Revenue is Rs.13888.53 Cr. and Equity Capital is Rs.62.63 Cr. for the Year ended 31/03/2022. Havells India Ltd. is a Public Limited Listed company incorporated on 08/08/1983 and has its registered office in the State of Delhi, India.

HAVELLS Share Price Target for Today

- Current Market Price: Rs.1,235

- Stop Loss: Rs.1,202

- Target 1: Rs.1,270

- Target 2: Rs.1,300

- 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)

15,808.50

+0.23%

Nikkei 225 (8:00 AM)

26,450.61

+0.09%

Shanghai Composite (8:00 AM)

3,078.78

-0.18%

Hang Seng (8:00 AM)

19,890.78

-0.04%

Dow Jones (last close)

32,196.66

+1.47%

S&P 500 (last close)

4,023.89

+2.39%

Nasdaq (last close)

11,805.00

+3.82%

 

SGX Nifty indicates a flat-to-positive opening for the Indian markets. Asian stocks are trading flat. US stocks closed higher on Friday after Federal Reserve Chair Jerome Powell’s reassurance that bigger rate hikes would be off the table for now even after the hot inflation readings of the past few days.

About the Author

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

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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