5 Stocks to Buy Today: September 3, 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. Here is a list of five 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. Varun Beverages Ltd. (VBL)

Varun Beverages Limited is the second largest bottling company of PepsiCo's beverages around the globe. The company manufactures, bottles and distributes beverages and is a part of the RJ Corp group that caters to sectors such as hospitality, food and beverages (“F&B”), education, healthcare, diagnostic laboratories and stem cell banks.

VBL Stock Details for Today: 

- Current Market Price: 882

- Stop Loss: 868

- Target: 920

- Holding Period: One week buy

5paisa Recommendation: Uptrend is likely to continue for this stock, thus making it our top recommendation for stocks to buy today. 

2. Cummins India Ltd. (CUMMINSIND)

Cummins India Limited is the India's leading manufacturer of diesel and natural gas engines. The company designs, manufactures, distributes and services diesel and alternative fuel engines from 2.8 to 95 liters, diesel and alternative-fueled power generator sets of up to 3000 kW (3750 kVA). It comprises of 3 business units - Engine, Power Systems, and Distribution.

CUMMINSIND Stock Details for Today: 

- Current Market Price: 1,040

- Stop Loss: 1,010

- Target 1: 1,080

- Target 2: 1,115

- Holding Period: One week buy

5paisa Recommendation: The trend lines look very strong on chart, and this momentum keeps this stock one of our best buys of the day.

3. Happiest Minds (HAPPSTMNDS)

A Mindful IT Company, enables digital transformation for enterprises and technology providers by leveraging a range of disruptive technologies such as: AI, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc. Happiest Minds is headquartered in Bangalore, India with operations in the U.S., UK, Canada, Australia and Middle East.

HAPPSTMNDS Stock Details for Today: 

- Current Market Price: 1,488

- Stop Loss: 1,450

- Target: 1,560

- Holding Period: One week buy

5paisa Recommendation:  Our technical analysts observe a breakout on chart, that looks promising.

4. IndiaMART(INDIAMART)

IndiaMART is the largest Indian online B2B marketplace that connects buyers with suppliers. With 60% market share of the online B2B Classified space in India, the channel focuses on providing a platform to Small & Medium Enterprises (SMEs), Large Enterprises as well as individuals.

INDIAMART Stock Details for Today: 

- Current Market Price: 8,153

- Stop Loss: 8,000

- Target: 8,550

- Holding Period: 5 days

5paisa Recommendation:  With very strong volumes observed on this stock, it will likely be push upward, thus featuring it on our list of stocks to buy today.

5. Jubilant FoodWorks Ltd. (JUBLFOOD)

Jubilant FoodWorks Limited is an Indian food service company based in Noida, Uttar Pradesh. The company holds the master franchise for Domino's Pizza in India, Nepal, Sri Lanka and Bangladesh, for Popeyes in India, Bangladesh, Nepal and Bhutan, and also for Dunkin' Donuts in India. 

JUBLFOOD Stock Details for Today: 

- Current Market Price: 4,116

- Stop Loss: 4,025

- Target 1: 4,235

- Target 2: 4,350

- Holding Period: One week buy

5paisa Recommendation:  It is likely that the buying trend will be renewed, based on technical analysis. Thus, making it to our list of top 5 stocks to buy today. 

As we promised, here's how our previous stock call recommendations have worked. 

Performance of our Previous 'Buy' Stock Calls

1. POLYCAB has hit its set target and is at a steady growth of 9.3% in 3 days

2. NAVINFLUOR projects a profit of 7.3% in 4 days

3. RADICO went up by 5% intra-day

4. PNCINFRA went up by 4.4% intra-day

5. UBL went up by 4.2% intra-day

6. SBILIFE went up by 2.5% intra-day

7. BTST CENTURYTEX went up by 4% over and above the recommended price