5 Stocks to Buy Today: September 7, 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. Indian Railway Catering And Tourism (IRCTC)

Indian Railway Catering and Tourism Corporation Limited is an India-based company engaged in offering Internet ticketing, catering and tourism. The Company is engaged in offering catering and hospitality services at stations, on trains and other locations. Its segments include Catering and Hospitality; Internet Ticketing; Travel and Tourism, and Packaged Drinking Water (Rail Neer).

IRCTC Stock Details for Today: 

- Current Market Price: Rs.3,008

- Stop Loss: Rs. 2,945

- Target 1: Rs. 3,100

- Target 2: Rs. 3,260

- Holding Period: One week

5paisa Recommendation: Momentum likely to continue, thus making it to the top stocks to buy list. 

2. Welspun India Limited (WELSPUNIND)

Welspun India Limited (Welspun) is an India-based company, which is engaged in the textile business. The Company manufactures a range of home textile products, primarily terry towels, bed linen products and rugs. Its segments include Home Textiles and Power. The Home Textiles segment includes terry towels, bed sheets, pillows cases, rugs, carpets and others used for home furnishings. The Power segment includes generation of power.

WELSPUNIND Stock Details for Today: 

- Current Market Price: Rs. 137

- Stop Loss: Rs. 133

- Target 1: Rs. 143

- Target 2: Rs. 151

- Holding Period: One week 

5paisa Recommendation: Strength seen on chart, thus making it one of the stocks to buy today.

3. Can Fin Homes Ltd. (CANFINHOME)

Can Fin Homes Ltd. is a housing finance company. The Company offers housing loan to individuals; housing loan to builders/developers, and loan against property. Its loan portfolio includes housing loans and non-housing loans. Its housing loan products include individual home loans and various schemes related to the construction or purchasing of properties.

CENTURYTEX Stock Details for Today: 

- Current Market Price: Rs. 592

- Stop Loss: Rs. 580

- Target 1: Rs. 610

- Target 2: Rs. 622

- Holding Period: One week

5paisa Recommendation:  Sideways move is expected to end and 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. 549

- Stop Loss: Rs. 532

- Target 1: Rs. 570

- Target 2: Rs. 591

- Holding Period: One Week

5paisa Recommendation:  Renewed buying in the stock, thus, making it to our list of top 5 stocks to buy today. 

5. Sundram Fasteners Ltd (SUNDRAMFAST)

With a diversified product line, world-class facilities in four countries and a motivated team of talented people, Sundram Fasteners Ltd has become a supplier of choice to leading customers in the automotive and industrial segments worldwide.The product range of the company includes Fasteners,Radiator Caps,Powder Metal Parts,Cold Extruded Parts,Hot Forged Parts and Pumps & Assemblies.

SUNDRAMFAST Stock Details for Today: 

- Current Market Price: Rs. 863

- Stop Loss: Rs. 840

- Target 1: Rs. 890

- Target 2: Rs. 920

- Holding Period: One week buy

5paisa Recommendation:  Our technical analysts observe strong volumes, that looks promising.  Thus making this stock as one of the best stocks 

Share Market Today

SGX Nifty:

SGX Nifty indicates muted opening for Indian markets. SGX Nifty is at 17,419.50 levels, higher 11.50 points. (Updated at 08:08 AM)

International Markets:

US Market: US markets closed on Monday for holiday with futures indicating a flat start later today.

European indices closed with gains as do most global markets as liquidity gush sees equity do well with valuations looking overstretched. 

Bond yields closed at 1.32% with US$ trading near 92.

Asian Market: Asian markets opened mixed with the Japanese 'Nikkei' trading higher by 200 points in early trade as markets look forward to a new composition of Government with popular leader becoming Prime Minister seeing stocks do well.

The rest of the region saw profit booking as technology stocks lead the fall. Chinese stocks will see a mixed reaction as stronger 'Yuan' sees imports suffer.