5 Stocks to Buy Today: September 6, 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. Bharat Electronics (BEL)

Bharat Electronics Limited is an Indian Government-owned aerospace and defence electronics company that manufactures advanced electronic products for ground and aerospace applications. It is also one of nine PSUs under the Ministry of Defence of India. 

BEL Stock Details for Today: 

- Current Market Price: Rs.199

- Stop Loss: Rs.193

- Target 1: Rs. 208

- Target 2: Rs. 214

- Holding Period: One 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. Blue Dart Express (BLUEDART)

Blue Dart Express is a very popular logistics company in India that provides courier delivery services. Headquartered in Mumbai, Maharashtra, it has a subsidiary cargo airline, Blue Dart Aviation that operates in South Asian countries as well. 

BLUEDART Stock Details for Today: 

- Current Market Price: Rs. 6,297

- Stop Loss: Rs. 6,160

- Target 1: Rs. 6,415

- Target 2: Rs. 6,570

- Holding Period: One week 

5paisa Recommendation: There's already an upward movement in this stock and our experts expect the uptrend to continue today as well.

3. Century Textiles (CENTURYTEX)

Century Textile and Industries is a textile, paper manufacturing and export company based in Mumbai. The company is involved manufacture of cotton textiles, yarn, denim, viscose filament rayon yarn, tire-cords, caustic soda, sulphuric acid, salt, pulp, and paper.

CENTURYTEX Stock Details for Today: 

- Current Market Price: Rs. 849

- Stop Loss: Rs. 831

- Target 1: Rs. 874

- Target 2: Rs. 890

- Holding Period: One week

5paisa Recommendation:  With a strong performance and demand, Century Textiles is expected to continue holding the grip, thus making it one of the best stocks to buy today.

4. Sona BLW Precision Forgings (SONACOM)

Sona Comstar manufactures and supplies highly engineered, mission critical, automotive systems and components such as Differential Assemblies, Differential Gears, Conventional and Micro-Hybrid Starter Motors, BSG systems, EV Traction Motors (BLDC and PMSM) and Motor Control Units to automotive OEMs across US, Europe, India and China, for both electrified and non-electrified powertrain segments. They were among the Top 10 players globally in the Differential Bevel Gear market, and are also expected to be among the Top 10 global Starter Motor suppliers to the Passenger Vehicle Industry.

SONACOM Stock Details for Today: 

- Current Market Price: Rs. 526

- Stop Loss: Rs. 510

- Target: Rs. 558

- Holding Period: One Week

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

5. Mastek (MASTEK)

Mastek is an Indian multinational technology company that offers enterprise-level digital transformation services and software for large public and private enterprises in the UK, US and India.

MASTEK Stock Details for Today: 

- Current Market Price: Rs. 2,798

- Stop Loss: Rs. 2,720

- Target 1: Rs. 2,870

- Target 2: Rs. 2,965

- Holding Period: One week buy

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

Performance of our Previous 'Buy' Stock Calls

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

1. 15.6% profit in 2 days from PRESTIGE
2. PNCINFRA almost hits Target 364 (high 363), 7.4% return
3. VBL went up 3.6%

Share Market Today

SGX Nifty

SGX Nifty indicates a flat to positive start for the Indian indices (Levels: 17,392.00 at 7:51 am).

International Markets

1. The Nasdaq closed Friday at a fresh record but Wall Street's main indexes headed into the Labor Day weekend in mixed fashion, responding to an unsatisfactory U.S. jobs report which raised fears about the pace of economic recovery but weakened the argument for near-term tapering.

2. The Dow Jones Industrial Average fell 74.47 points, or 0.21%, to 35,369.35, the S&P 500 lost 1.41 points, or 0.03%, to 4,535.54 and the Nasdaq Composite added 32.34 points, or 0.21%, to 15,363.52.

3. S&P 500 futures fell 0.2% as of 9:35 a.m in Tokyo. The S&P 500 was little changed Friday

4. Nasdaq 100 futures were little changed. The Nasdaq 100 rose 0.3%

5. Topix index rose 1.1%

6. Australia’s S&P/ASX 200 Index fell 1.1%

7. Kospi index shed 0.3%

8. Hang Seng Index futures rose 0.1% earlier