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 June 8, 2023

 

1. TATACOFFFEE: VOLUME SPURT

Tata Coffee has an operating revenue of Rs. 2,850.16 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 14% is healthy, ROE of 14% is good. The company has a reasonable debt to equity of 25%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 200DMA and around 5% above its 50DMA.

Tata Coffee share price Target for Today:

● Action: Buy

● Buy: Rs. 240

● Stop Loss: Rs. 230

● Target 1: Rs. 250

● Target 2: Rs. 260

● Holding Period: 1 week

5paisa Recommendation: Our technical experts expects volume spurt hence making Tata Coffee the best stock to buy today.


2. WELCORP: BULLISH MOMENTUM 

Welspun (Nse) has an operating revenue of Rs. 9,758.10 Cr. on a trailing 12-month basis. An annual revenue growth of 43% is outstanding, Pre-tax margin of 3% needs improvement, ROE of 4% is fair but needs improvement. The company has a reasonable debt to equity of 41%, which signals a healthy balance sheet. 

Welspun Corp share price Target for Today:

● Action: Buy

● Buy: Rs. 281

● Stop Loss: Rs. 272

● Target 1: Rs. 290

● Target 2: Rs. 298

● Holding Period: 1 week

5paisa Recommendation: Our technical experts expects bullish momentum hence making Welspun Corp the best stock to buy today.


3. TRIVENI: ON VERGE OF BREAKOUT

Triveni Engr.& Inds. has an operating revenue of Rs. 6,174.29 Cr. on a trailing 12-month basis. An annual revenue growth of 48% is outstanding, Pre-tax margin of 31% is great, ROE of 67% is exceptional. The company has a reasonable debt to equity of 8%, which signals a healthy balance sheet.

Triveni Engineering & Industries share price Target for Today:

● Action: Buy

● Buy: Rs. 293

● Stop Loss: Rs. 281

● Target 1: Rs. 305

● Target 2: Rs. 316

● Holding Period: 1 week

5paisa Recommendation: Our technical experts expects on verge of breakout hence making Triveni Engineering & Industries the best stock to buy today.

 

4.RCF: RISING VOLUME

Rashtriya Chemicals and fertilizers has an operating revenue of Rs. 21,451.54 Cr. on a trailing 12-month basis. An annual revenue growth of 67% is outstanding, Pre-tax margin of 6% is okay, ROE of 21% is exceptional. The company has a reasonable debt to equity of 23%, which signals a healthy balance sheet. 

Rashtriya Chemicals & Fertilizers share price Target for Today:

● Action: Buy

● Buy: Rs. 110

● Stop Loss: Rs. 107

● Target 1: Rs. 113

● Target 2: Rs. 116

● Holding Period: 1 week

5paisa Recommendation: Our technical experts expects rising volume in this stock hence making Rashtriya Chemicals & Fertilizers as the best stock to buy today.

 

5. USHAMART: BULLISH TREND

Usha Martin (Nse) has an operating revenue of Rs. 3,267.76 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 14% is healthy, ROE of 17% is exceptional. The company has a reasonable debt to equity of 10%, which signals a healthy balance sheet.

Usha Martin Share Price Target for Today:

● Action: Buy

● Buy: Rs. 255

● Stop Loss: Rs. 246

● Target 1: Rs. 265

● Target 2: Rs. 273

● Holding Period: 1 week

5paisa Recommendation: Our technical experts expects bullish trend in stock hence making Usha Martin is the best stock to buy today.

Share Market Today
Indices Current Value % Change
SGX Nifty (8:00 AM) 18,824.00 +0.06%
Nikkei 225 (8:00 AM) 31,917.46 +0.01%
Shanghai Composite (8:00 AM) 3,184.38 -0.42%
Hang Seng (8:00 AM) 19,117.45 -0.70%
Dow Jones (last close) 33,665.02 +0.27%
S&P 500 (last close) 4,267.52 -0.38%
Nasdaq (last close) 13,104.89 -1.29%

Top Performing Stocks Yesterday

Stock Name % Return
JSWENERGY 4%
SIEMENS 2%

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.

To invest in the best stocks to buy today using 5paisa, follow these steps:

1. Install the 5paisa app on your device

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

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