5 Stocks to Buy Today: September 8, 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. Dollar Industries (DOLLAR)

Dollar Industries Limited has become one of the leading brands in the hosiery sector with an enviable 15% market share and a significant percentage in textile exports of the total production in the Indian hosiery market. It has also made a noticeable presence across social media and e-commerce platforms. Dollar Industries Limited has extensively penetrated across 29 states in India. 

DOLLAR Stock Details for Today: 

- Current Market Price: Rs.393

- Stop Loss: Rs. 380

- Target 1: Rs. 410

- Target 2: Rs. 427

- Holding Period: One week

5paisa Recommendation: Very strong volumes in the day makes Dollar Industries one of the top stocks to buy today. 

2. Balaji Amines Ltd. (BALAMINES)

Balaji Amines Ltd. is an ISO 9001: 2015 certified company and one of the leading manufacturers of Aliphatic Amines in India. The company is specialised in manufacturing Methylamines, Ethylamines, Derivatives of Specialty Chemicals and Pharma Excipients. They also have facilities for the manufacture of derivatives, which are down stream products for various Pharma/Pesticide industries apart from user specific requirements.

BALAMINES Stock Details for Today: 

- Current Market Price: Rs. 4,225

- Stop Loss: Rs. 4,170

- Target: Rs. 4,385

- 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.

3. Tube Investments of India Ltd. (TIINDIA)

Tube Investments of India Limited is a Murugappa Group company that specializes in engineering, bicycles, metal formed products, and chains. Based in Chennai, it was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.

TIINDIA Stock Details for Today: 

- Current Market Price: Rs. 1,387

- Stop Loss: Rs. 1,345

- Target: Rs. 1,472

- Holding Period: One week

5paisa Recommendation:  Trends suggest a renewed interest in buying today, thus, making TIINDIA feature on today's list of top 5 stocks to buy. 

4. APL Apollo (APLAPOLLO)

APL Apollo Tubes Limited is the largest producer of Structural Steel Tubes in India. The company's multi-product offerings include over 1,100 varieties of Pre- Galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections, making APL Apollo one of the leading branded steel products manufacturers in India.

APL Apollo Stock Details for Today: 

- Current Market Price: Rs. 1,765

- Stop Loss: Rs. 1,715

- Target 1: Rs. 1,820

- Target 2: Rs. 1,890

- Holding Period: One Week

5paisa Recommendation:  Experts observe a breakout in trends, and the stock is likely to perform well today, thus making to our stock recommendations list. 

5. Rallis India (RALLIS)

Rallis is known for its deep understanding of Indian agriculture, sustained contact with farmers, quality agrochemicals, branding and marketing expertise and its strong product portfolio of comprehensive crop care solutions. Agricultural solutions from the company benefit more than five million farmers.

RALLIS Stock Details for Today: 

- Current Market Price: Rs. 292

- Stop Loss: Rs. 286

- Target: Rs. 306

- Holding Period: One week buy

5paisa Recommendation:  The stock pattern shows recovery, and our experts expect this to perform well today. 

Performance of our Previous 'Buy' Stock Calls

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

1. Swing trade IRCTC went up 10% in 1 day
2. Swing trade CANFINHOME went up 7.3% in 1 day
3. Swing trade SUNDRMFAST 3.2% in 1 day
4. BLUEDART went up 4%
5. PNCINFRA is 15% in 4 days
6. Profit of Rs. 17.8k from BTST MPHASIS

Share Market Today

SGX Nifty:

SGX Nifty indicates positive opening for Indian markets. SGX Nifty is at 17,428.00 levels, higher 58.75 points. (Updated at 7:45 AM).

International Markets:

US Market: US markets see profit booking as Dow Jones slips over 260 points while Nasdaq closed flat even as bond yields ended at month highs near 1.37%.

Markets turn cautious after the Friday jobs report suggesting growth momentum may be lagging. US$ also sees a bounce to close @ 92.5.

Asian Market: Asian markets opened mixed with the Japanese 'Nikkei' trading above 30,000 for the 1st time in over 3-months on the back of a change of new Prime Minister who seems to be a popular choice.

Taiwan and South Korean markets have seen some profit booking ahead of quarterly numbers due to large manufacturers.