Stocks to Buy Today: 5 Best Shares to Buy on 23-May-22

stocks to buy on 23-may-22

by 5paisa Research Team Last Updated: May 23, 2022, 01:16 PM IST

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

ADANIPORTS

BUY

768

747

789

804

GUJALKALI

BUY

907

883

931

954

GAEL

BUY

335

327

343

351

JKCEMENT

BUY

2449

2385

2514

2575

TRENT

BUY

1087

1059

1118

1140


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 23, 2022
 


1. ADANI PORTS (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.


ADANIPORTS Share Price Target for Today

- Current Market Price: Rs.768

- Stop Loss: Rs.747

- Target 1: Rs.789

- Target 2: Rs.804

- 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 Alkalies (GUJALKALI)

Gujarat Alkalies & Chemicals belongs to the Industry of Chemicals - Inorganic - Caustic Soda/Soda Ash. Company’s Total Operating Revenue is Rs.2429.48 Cr. and Equity Capital is Rs.73.44 Cr. for the Year ended 31/03/2021. Gujarat Alkalies & Chemicals Ltd. is a Public Limited Listed company incorporated on 29/03/1973 and has its registered office in the State of Gujarat, India.


GUJALKALI Share Price Target for Today

- Current Market Price: Rs.907

- Stop Loss: Rs.883

- Target 1: Rs.931

- Target 2: Rs.954

- 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. Gujarat Ambuja (GAEL)

Gujarat Ambuja Exports is involved in the business activities of manufacture of vegetable and animal oils and fats. Company’s Total Operating Revenue is Rs.4705.30 Cr. and Equity Capital is Rs.22.93 Cr. for the Year ended 31/03/2021. Gujarat Ambuja Exports Ltd. is a Public Limited Listed company incorporated on 21/08/1991 and has its registered office in the State of Gujarat, India.


GAEL Share Price Target for Today

- Current Market Price: Rs.335

- Stop Loss: Rs.327

- Target 1: Rs.343

- Target 2: Rs.351

- 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. JK Cement (JKCEMENT)

JK Cement is involved in the business activities of manufacture of cement, lime and plaster. Company’s Total Operating Revenue is Rs.6328.28 Cr. and Equity Capital is Rs.77.27 Cr. for the Year ended 31/03/2021. JK Cement Ltd. is a Public Limited Listed company incorporated on 24/11/1994 and has its registered office in the State of Uttar Pradesh, India.


JKCEMENT Share Price Target for Today

- Current Market Price: Rs.2,449

- Stop Loss: Rs.2,385

- Target 1: Rs.2,514

- Target 2: Rs.2,575

- 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. Trent Ltd (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.1,087

- Stop Loss: Rs.1,059

- Target 1: Rs.1,118

- Target 2: Rs.1,140

- 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)

16,237.50

-0.10%

Nikkei 225 (8:00 AM)

26,852.47

+0.42%

Shanghai Composite (8:00 AM)

3,135.54

-0.35%

Hang Seng (8:00 AM)

20,432.87

-1.37%

Dow Jones (last close)

31,261.90

+0.03%

S&P 500 (last close)

3,901.36

+0.01%

Nasdaq (last close)

11,354.62

-0.30%

 

SGX Nifty indicates a flat opening for the Indian markets. Most Asian stocks are trading lower as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets. US stocks ended a volatile session little changed on Friday, but still logged steep weekly losses.

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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