Best intraday stock to watch out for on 27-March-2023
5paisa Research Team
2023-03-27T03:51:12
Stocks to Buy Today
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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.
5 Stocks to Buy or Sell on March 27, 2023
1. ZYDUSWELL: VOLUME SPURT
Zydus Wellness has an operating revenue of Rs. 2,181.59 Cr. on a trailing 12-month basis. An annual revenue growth of 8% is good, Pre-tax margin of 15% is great, ROE of 6% is fair but needs improvement. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA.
Zydus Wellness share price Target for Today:
● Action: Buy
● Buy: Rs. 1524
● Stop Loss: Rs. 1478
● Target 1: Rs. 1570
● Target 2: Rs. 1615
● Holding Period: 1 week
5paisa Recommendation: Our technical experts volume spurt in stock hence making Zydus Wellness
are the best stock to buy today.
2. CYIENT: BULLISH BREAKOUT
Cyient Ltd (Nse) has an operating revenue of Rs. 5,445.70 Cr. on a trailing 12-month basis. An annual revenue growth of 9% is good, Pre-tax margin of 15% is great, ROE of 16% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 8% and 20% from 50DMA and 200DMA.
Cyient share price Target for Today:
● Action: Buy
● Buy: Rs. 1000
● Stop Loss: Rs. 960
● Target 1: Rs. 1040
● Target 2: Rs. 1080
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects bullish breakout hence making Cyient the best stock to buy today.
3. CIPLA: RISING VOLUME
Cipla has an operating revenue of Rs. 22,274.15 Cr. on a trailing 12-month basis. An annual revenue growth of 13% is good, Pre-tax margin of 16% is great, ROE of 12% is good. The company has a reasonable debt to equity of 2%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages.
Cipla share price Target for Today:
● Action: Buy
● Buy: Rs. 877
● Stop Loss: Rs. 859
● Target 1: Rs. 895
● Target 2: Rs. 912
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects rising volume hence making Cipla the best stock to buy today.
4. LICHSGFIN FUT: BEARISH MOMENTUM
Lic Housing Finance(Nse) has an operating revenue of Rs. 21,610.65 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of 14% is healthy, ROE of 9% is fair but needs improvement. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move.
Lic Housing Finance Share Price Target for Today:
● Action: Sell
● Sell: Rs. 321
● Stop Loss: Rs. 330
● Target 1: Rs. 312
● Target 2: Rs. 303
● Holding Period: 1 week
5paisa Recommendation: Our technical experts bearish momentum from support in this stock hence making Coromandel International as the best stock to sell today.
5. JINDALSTEL FUT: SUPPORT BREAKDOWN
Jindal Steel & Pwr.(Nse) has an operating revenue of Rs. 53,358.74 Cr. on a trailing 12-month basis. An annual revenue growth of 29% is outstanding, Pre-tax margin of 22% is great, ROE of 16% is good. The company has a reasonable debt to equity of 24%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 11% up from its 200DMA.
Jindal Steel & Power Share Price Target for Today:
● Action: Sell
● Sell: Rs. 534
● Stop Loss: Rs. 549
● Target 1: Rs. 519
● Target 2: Rs. 504
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects support breakdown in stock hence making Jindal Steel & Power are the best stock to sell today.
Share Market Today
| Indices | Current Value | % Change |
|---|---|---|
| SGX Nifty (8:00 AM) | 17,019.00 | +0.59% |
| Nikkei 225 (8:00 AM) | 27,466.78 | +0.30% |
| Shanghai Composite (8:00 AM) | 3,248.60 | -0.52% |
| Hang Seng (8:00 AM) | 19,554.65 | -1.81% |
| Dow Jones (last close) | 32,237.53 | +0.41% |
| S&P 500 (last close) | 3,970.99 | +0.56% |
| Nasdaq (last close) | 11,823.96 | +0.31% |
Top Performing Stocks Yesterday
| Stock Name | % Return |
|---|---|
| No Calls | % |
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.
Frequently Asked Questions
To choose the best stocks to buy today, follow these tips:
1. Understand the business by doing your research. Analysing the fundamentals and technical aspects of a stock and understanding a business' prospects can help determine its fair value and ensure its alignment with your plans.
2. Building your portfolio requires a combination of quantitative and qualitative analysis. As a result, you can develop a strategy that works for you.
3. Make investment decisions without emotion. You should avoid buying a stock just because it's hyped or selling it just because it's hot.
4. Diversifying your portfolio will spread your risks.
The above tips will help you choose the best stocks to buy today.
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2. Use your customer ID and password and log into the app
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4. Do your research to find the stocks to buy today
5. Search for desired best stocks to buy today
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