5 Stocks to Buy Today: September 15, 2021

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 Today

1. BEML Ltd (BEML)

BEML Limited is a Defence PSU Company, is the biggest Defence, Mining, Construction and Rail Coach manufacturer in India with 09 manufacturing units and offices spread PAN India. It manufactures a variety of heavy equipment, such as that used for earth moving, transport and mining. 

BEML Stock Details for Today: 

- Current Market Price: Rs.1,433

- Stop Loss: Rs.1,380

- Target 1: Rs. 1,485

- Target 2: Rs. 1,570

- Holding Period: 1 week

5paisa Recommendation: Strong volumes indicate this is likely to be a coveted stock, thus making it to the top stocks to buy list. 

2. Galaxy Surfactants (GALAXYSURF)

Galaxy Surfactants is one of the leading players in the world of Surfactants and Specialty Care Ingredients, exclusively focussed on catering to the Home and Personal Care Industry. It is an Indian MNC that manufactures 200+ products. Caters to 1750+ customers in 80+ countries.

GALAXYSURF Stock Details for Today: 

- Current Market Price: Rs. 3,515

- Stop Loss: Rs. 3,440

- Target 1: Rs. 3,590

- Target 2: Rs. 3,700

- Holding Period: 1 Week

5paisa Recommendation: Our technical analysts observe a breakout in this stock and our experts expect the uptrend to continue today as well.

3. CESC Ltd. (CESC)

The Calcutta Electric Supply Corporation (CESC) is a Kolkata-based flagship company of the RP-Sanjiv Goenka Group, born from the erstwhile RPG Group, under the chairmanship of businessman Sanjiv Goenka. CESC is a fully integrated power utility with its operation spanning the entire value chain: right from mining coal, generating power, distribution of power. 

CESC Stock Details for Today: 

- Current Market Price: Rs. 881

- Stop Loss: Rs. 866

- Target 1: Rs. 900

- Target 2: Rs. 925

- Holding Period: 1 Week

5paisa Recommendation:  Strong momentum on this stock is observed.

4. Bajaj Electricals (BAJAJELEC)

Bajaj Electricals Ltd. is an Indian consumer electrical equipment manufacturing company based in Mumbai, Maharashtra. It is a part of the ₹380 billion Bajaj Group. It has diversified with interests in lighting, luminaries, appliances, fans, LPG based generators, engineering and projects.

BAJAJELEC Stock Details for Today: 

- Current Market Price: Rs. 1,381

- Stop Loss: Rs. 1,342

- Target 1: Rs. 1,423

- Target 2: Rs. 1,485

- Holding Period: 1 Week

5paisa Recommendation: Buying trend has seen an increase, and is likely to continue. Thus, making it to our list of top 5 stocks to buy today. 

5. IPCA Laboratories (IPCALAB)

IPCA has been a crucial healthcare partner in over 120 countries across 6 continents. The company is one of the world’s largest manufacturers and suppliers of over a dozen APIs. These are produced from scratch at fully-automated manufacturing facilities, approved by the world’s most discerning drug regulatory authorities like UK-MHRA, EDQM-Europe, and WHO-Geneva, among others.

IPCALAB Stock Details for Today: 

- Current Market Price: Rs. 2,638

- Stop Loss: Rs. 2,585

- Target 1: Rs. 2,687

- Target 2: Rs. 2,750

- Holding Period: 1 Week

5paisa Recommendation:  Our technical analysts observe the end of sideway trend.  Thus making IPCALAB as one of our strongest recommended Stocks to Buy Today.

Share Market Today

SGX NIFTY: 

SGX Nifty indicates flat to positive opening for Indian markets. SGX Nifty is at 17,426.20 levels, higher 39.20 points. (Updated at 7:59 AM).

International Markets:

US Market: US markets see profit booking after a one-day pullback as the undertone remains weak with selling emerging on all rallies.

Inflation comes below expectations which see bond yields hit 1.28%, however lower yields see banks and financials come under selling pressure. Dow Jones ends near 2-month lows while Nasdaq falls for the 6th consecutive day.

Asian Market: Asian markets opened weak with the Japanese 'Nikkei' trading lower by nearly 1% as weak US cues saw profit booking in most Asian indices.

Chinese stocks have been rank underperformers and Hang Seng continues to be the worst performing index over the last month. Metal prices also fall as copper hits one-month lows which could see more pressure on Chinese stocks.