5 Stocks to Buy Today: September 9, 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. Affle India Ltd. (AFFLE)

Affle India is a technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements, and transactions through relevant mobile advertising. It's a Singapore-based company founded in 2005 and entered India in 2006. They work on Paas (Platform as a Service).

AFFLE Stock Details for Today: 

- Current Market Price: Rs.4,800

- Stop Loss: Rs. 5,075

- Target 1: Rs. 5,265

- Holding Period: One week

5paisa Recommendation: Buying interest is visible based on trends, thus making it our top stock recommendations for the day. 

2. Nippon Life India Asset Management Ltd. (NAM-INDIA)

Nippon Life is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements. The company has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Nippon life constantly strives to launch innovative products and customer service initiatives to increase value to investors.

NAM-INDIA Stock Details for Today: 

- Current Market Price: Rs. 436

- Stop Loss: Rs. 426

- Target: Rs. 454

- 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. Laxmi Organic Industries Ltd. (LXCHEM)

Laxmi Organic Industries is a global player in the crop science, life science and pigment segment. Based across various contries around the globe, the company produces the entire product range of Acetyl Intermediates and Speciality Intermediates, and different countries manage the marketing leg of these acetyl intermediates. 

LXCHEM Stock Details for Today: 

- Current Market Price: Rs. 505

- Stop Loss: Rs. 490

- Target 1: Rs. 527

- Target 2: Rs. 543

- Holding Period: One week

5paisa Recommendation:  Trends suggest the stock has picked up and there is buying at support.

4. HDFC AMC (HDFCAMC)

HDFC AMC is a large stock company (of Rs. 62693 Crore), operating in financial services sector. 

HDFCAMC Stock Details for Today: 

- Current Market Price: Rs. 3,268

- Stop Loss: Rs. 3,194

- Target: Rs. 3,410

- Holding Period: One Week

5paisa Recommendation:  Experts observe a strong volume for this stock, making it feature on our list of 'Best Stocks to Buy Today'.  

5. Indian Energy Exchange (IEX)

The Indian Energy Exchange is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission. IEX started its operations on June 27, 2008.

IEX Stock Details for Today: 

- Current Market Price: Rs. 591

- Stop Loss: Rs. 577

- Target: Rs. 610

- Target: Rs. 628

- Holding Period: One week buy

5paisa Recommendation:  The stock pattern shows recovery and uptrend is likely to start. 

Also Read: BTST Trading Stock Recommendations 

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 13.8% from recommended level, both target touched

2. Swing trade INDIAMART went up 5.2% in 2 days SUNDRMFAST went up 4.9% from recommended level, touched 1st target

3. MASTEK is 6% up, hits target (target was 2965, today's high 2965)

4. BALAMINES recommended yesterday touched Target

5. APLAPOLLO recommneded yesterday went up 6.2%

6. BTST NAM-INDIA touches target, profit Rs 17.6k per lot

7. BTST HDFCAMC touches target

Share Market Today

SGX Nifty:

The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India. SGX Nifty Levels   17,332.50  down 53.75 points at  8:06 am.

International Markets:

US Market:

US markets see profit booking for the 2nd day running as caution prevails on growth as jobs numbers disappointment lingers on.

Bond yields fall to 1.33% even as US$ recoups losses to close at 92.72. Nasdaq sees deeper correction as China-dominated tech stocks take a beating.
 

Asian Market:

Asian markets opened in the red led by the Japanese 'Nikkei' which has seen a superb rally in the last 5 days on the back of the new Prime Minister-elect.

The 'Nikkei' was trading lower by over 125 points in early trade as were most other indices down nearly 1%.

This also as Chinese stocks see selling pressure due to weakness in the financial firm 'Evergrande' seeing huge currency hedge losses rising with exposure as high as US$150 billion.