Stocks to Buy Today
Every morning our analysts scan through the markets universe and choose one of the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the preferred ones make it to the leading 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 7-Dec-2023
1. GNFC: VOLUME SPURT
Gujarat Narmada Vall is involved in the business activities of Manufacture of urea and other organic fertilizers. Company’s Total Operating Revenue is Rs. 10226.93 Cr. and Equity Capital is Rs. 155.42 Cr. for the Year ended 31/03/2023. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is a Public Limited Listed company incorporated on 10/05/1976 and has its registered office in the State of Gujarat, India.
Gujarat Narmada Valley Fertilizers & Chemicals Share Price Target for Today:
● Action: BUY
● Buy: ₹738
● Stop Loss: ₹712
● Target 1: ₹764
● Target 2: ₹790
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects volume spurt hence making Gujarat Narmada Valley Fertilizers & Chemicals is one of the best stock to buy today.
2. GLENMARK: CONSOLIDATION BREAKOUT
Glenmark Pharma is involved in the business activities of Manufacture of allopathic pharmaceutical preparations. Company’s Total Operating Revenue is Rs. 8220.66 Cr. and Equity Capital is Rs. 28.22 Cr. for the Year ended 31/03/2023. Glenmark Pharmaceuticals Ltd. is a Public Limited Listed company incorporated on 18/11/1977 and has its registered office in the State of Maharashtra, India.
Glenmark Pharmaceuticals Share Price Target for Today:
● Action: BUY
● Buy: ₹807
● Stop Loss: ₹782
● Target 1: ₹832
● Target 2: ₹855
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects consolidation breakout hence making Glenmark Pharmaceuticals one of the best stock to buy today.
3.ASIANPAINT: ON THE VERGE OF BREAKOUT
Asian Paints Ltd. is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers. Company’s Total Operating Revenue is Rs. 30078.40 Cr. and Equity Capital is Rs. 95.92 Cr. for the Year ended 31/03/2023. Asian Paints Ltd. is a Public Limited Listed company incorporated on 24/10/1945 and has its registered office in the State of Maharashtra, India.
Asian Paints Share Price Target for Today:
● Action: Buy
● Buy: ₹3253
● Stop Loss: ₹3188
● Target 1: ₹3318
● Target 2: ₹3380
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects on verge of breakout hence making Asian Paints is one of the best stock to buy today.
4. ADVENZYMES: RESISTANCE BREAKOUT
Advanced Enzyme Tech is involved in the business activities of Manufacture of medicinal substances used in the manufacture of pharmaceuticals: antibiotics, endocrine products, basic vitamins; opium derivatives; sulpha drugs; serums and plasmas; salicylic acid, its salts and esters; glycosides and vegetable alkaloids; chemically pure suger etc.. Company’s Total Operating Revenue is Rs. 311.53 Cr. and Equity Capital is Rs. 22.37 Cr. for the Year ended 31/03/2023. Advanced Enzyme Technologies Ltd. is a Public Limited Listed company incorporated on 15/03/1989 and has its registered office in the State of Maharashtra, India.
Advanced Enzyme Technologies Share Price Target for Today:
● Action: Buy
● Buy: ₹360
● Stop Loss: ₹345
● Target 1: ₹375
● Target 2: ₹388
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects resistance breakout making Advanced Enzyme Technologies is one of the best stock to buy today.
5. MANINDS: BULLISH MOMENTUM
Man Industries I is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company’s Total Operating Revenue is Rs. 2092.49 Cr. and Equity Capital is Rs. 30.05 Cr. for the Year ended 31/03/2023. Man Industries (India) Ltd. is a Public Limited Listed company incorporated on 19/05/1988 and has its registered office in the State of Maharashtra, India.
Man Industries (India) Share Price Target for Today:
● Action: Buy
● Buy: ₹272
● Stop Loss: ₹265
● Target 1: ₹279
● Target 2: ₹284
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects bullish momentum in this stock hence making Man Industries (India) one of the best stock to buy today.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7173.30 | -5.1 (-0.07%) |
| CAC 40 | 7418.50 | -22.14 (-0.3%) |
| DAX | 16618.72 | -52.94 (-0.32%) |
| Dow Jones | 36054.43 | -70.13 (-0.19%) |
| FTSE 100 | 7512.09 | -18.99 (-0.25%) |
| Hang Seng | 16342.98 | -131.31 (-0.8%) |
| US Tech 100 | 14207.94 | -23.37 (-0.16%) |
| Nikkei 225 | 32858.31 | -587.59 (-1.76%) |
| S&P 500 | 4549.34 | -17.84 (-0.39%) |
| Gift Nifty | 21073.50 | 12 (0.06%) |
| Shanghai Composite | 2966.21 | -2.72 (-0.09%) |
| Taiwan Weighted | 17278.74 | -81.98 (-0.47%) |
| US 30 | 36026.50 | -13.5 (-0.04%) |
High Performing Stocks Yesterday
| Stock Name | % Return |
|---|---|
| HSCL | 4.1% |
| JKPAPER | 3.6% |
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 most wanted.
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
3. Use the 'Pay-in' button to transfer funds to your trading account
4. Do your research to find the stocks to buy today
5. Search for desired best stocks to buy today
6. Make a purchase order