Stocks to Buy Today: 5 Best Shares to Buy on 31-May-22

stocks to buy on 31-may-22

by 5paisa Research Team Last Updated: May 31, 2022, 08:37 AM IST

Stocks to Buy Today
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

ADANIPOWER

BUY

340

331

349

359

GHCL

BUY

620

602

639

651

UPL

BUY

783

762

804

825

ABFRL

BUY

271

265

277

287

INDHOTEL

BUY

238

233

243

250


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 31, 2022

1. Adani Power (ADANIPOWER)

Adani Power Ltd. is involved in the business activities of electric power generation by coal based thermal power plants. Company’s Total Operating Revenue is Rs.581.32 Cr. and Equity Capital is Rs.3856.94 Cr. for the Year ended 31/03/2022. Adani Power Ltd. is a Public Limited Listed company incorporated on 22/08/1996 and has its registered office in the State of Gujarat, India. 


Adani Power Share Price Target for Today

- Current Market Price: Rs.340

- Stop Loss: Rs.331

- Target 1: Rs.349

- Target 2: Rs.359

- 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.

2. GHCL LTD (GHCL)

GHCL is involved in the business activities of manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs.3778.36 Cr. and Equity Capital is Rs.95.35 Cr. for the Year ended 31/03/2022. GHCL Ltd. is a Public Limited Listed company incorporated on 14/10/1983 and has its registered office in the State of Gujarat, India.

GHCL LTD Share Price Target for Today

- Current Market Price: Rs.620

- Stop Loss: Rs.602

- Target 1: Rs.639

- Target 2: Rs.651

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see strong volume in this stock hence making this stock best stock to buy.
 

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3. UPL LTD (UPL)

UPL is involved in the business activities of manufacture of pesticides and other agrochemical products. Company’s Total Operating Revenue is Rs.16449.00 Cr. and Equity Capital is Rs.153.00 Cr. for the Year ended 31/03/2022. UPL Ltd. is a Public Limited Listed company incorporated on 02/01/1985 and has its registered office in the State of Gujarat, India. .


UPL LTD Share Price Target for Today

- Current Market Price: Rs.783

- Stop Loss: Rs.762

- Target 1: Rs.804

- Target 2: Rs.825

- Holding Period: 1 week

5paisa Recommendation: Sideways move to end in stock and thus making this stock as one of the best stocks to buy today.

4. ABFRL (ABFRL)

Aditya Birla Fashion is involved in the business activities of manufacture of wearing apparel, except fur apparel. Company’s Total Operating Revenue is Rs.5181.14 Cr. and Equity Capital is Rs.915.05 Cr. for the Year ended 31/03/2021. Aditya Birla Fashion and Retail Ltd. is a Public Limited Listed company incorporated on 19/04/2007 and has its registered office in the State of Maharashtra, India. 


ABFRL Share Price Target for Today

- Current Market Price: Rs.271

- Stop Loss: Rs.265

- Target 1: Rs.277

- Target 2: Rs.289

- Holding Period: 1 week

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

5. Indian Hotels (INDHOTEL)

Indian Hotels Company is involved in the business activities of short term accommodation activities. Company’s Total Operating Revenue is Rs.2003.34 Cr. and Equity Capital is Rs.142.04 Cr. for the Year ended 31/03/2022. Indian Hotels Company Ltd. is a Public Limited Listed company incorporated on 01/04/1902 and has its registered office in the State of Maharashtra, India. 


Indian Hotels Share Price Target for Today

- Current Market Price: Rs.238

- Stop Loss: Rs.233

- Target 1: Rs.243

- Target 2: Rs.250

- 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.


Share Market Today
 

Indices

Current Value

% Change

SGX Nifty (8:00 AM)

16,593.50

-0.32%

Nikkei 225 (8:00 AM)

27,373.49

+0.01%

Shanghai Composite (8:00 AM)

3,156.57

+0.24%

Hang Seng (8:00 AM)

21,176.37

+0.25%

 

SGX Nifty indicates a negative opening for the Indian markets. Asian stocks are trading on a soft note, while US markets remained shut yesterday.
 

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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SENSEX
53,018.94
-8.03 (-0.02%)
Nifty 50
15,780.25
-18.85 (-0.12%)
Nifty Bank
33,425.10
155.20 (0.47%)

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