Stocks to Buy Today: 5 Best Shares to Buy on 01-Apr-22

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 April 01

1. Adani Wilmar (AWL)

Adani Wilmar is involved in the business activities of Food, beverages and tobacco products. Company’s Total Operating Revenue is Rs.37090.42 Cr. and Equity Capital is Rs.114.30 Cr. for the Year ended 31/03/2021. Adani Wilmar Ltd. is a Public Limited Listed company incorporated on 22/01/1999 and has its registered office in the State of Gujarat, India.

AWL Share Price Details for Today: 

- Current Market Price: Rs.517

- Stop Loss: Rs.503

- Target 1: Rs.531

- Target 2: Rs.549

- Holding Period: 1 week

5paisa Recommendation: Our technical experts observed positive chart for this stock and hence making this stock best stock to buy.

2. Adani Power (ADANIPOWER)

Adani Power Ltd. is involved in the business activities of Electric power generation by coal based thermal power plants. Company’s Total Operating Revenue is Rs.447.17 Cr. and Equity Capital is Rs.3856.94 Cr. for the Year ended 31/03/2021. Adani Power Ltd. is a Public Limited Listed company incorporated on 22/08/1996 and has its registered office in the State of Gujarat, India.

ADANIPOWER Share Price Details for Today: 

- Current Market Price: Rs.185

- Stop Loss: Rs.180

- Target 1: Rs.190

- Target 2: Rs.197

- Holding Period: 1 week

5paisa Recommendation: Sideways move to end in stock and thus making this stock as one of the best stocks to buy today.

3. KEI Industries (KEI)

Kei Industries is involved in the business activities of Construction/erection and maintenance of power, telecommunication and transmission lines. Company’s Total Operating Revenue is Rs.4181.49 Cr. and Equity Capital is Rs.17.97 Cr. for the Year ended 31/03/2021. KEI Industries Ltd. is a Public Limited Listed company incorporated on 31/12/1992 and has its registered office in the State of Delhi, India. 

KEI Share Price Details for Today: 

- Current Market Price: Rs.1,261

- Stop Loss: Rs.1,228

- Target 1: Rs.1,297

- Target 2: Rs.1,350

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

4. NIIT LTD (NIITLTD)

NIIT Ltd. is involved in the business activities of Other education. Company’s Total Operating Revenue is Rs.368.09 Cr. and Equity Capital is Rs.28.47 Cr. for the Year ended 31/03/2021. NIIT Ltd. is a Public Limited Listed company incorporated on 02/12/1981 and has its registered office in the State of Delhi, India. 

NIITLTD Share Price Details for Today: 

- Current Market Price: Rs.622

- Stop Loss: Rs.604

- Target 1: Rs.640

- Target 2: Rs.655

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying opportunity in this stock and hence making this stock as the best stock to buy today.

5. National Aluminium (NATIONALUM)

National Aluminium is involved in the business activities of Manufacture of aluminium from alumina and by other methods and products of aluminium and alloys. Company’s Total Operating Revenue is Rs.8955.79 Cr. and Equity Capital is Rs.918.32 Cr. for the Year ended 31/03/2021. National Aluminium Company Ltd. is a Public Limited Listed company incorporated on 07/01/1981 and has its registered office in the State of Orissa, India.

NATIONALUM Share Price Details for Today: 

- Current Market Price: Rs.122

- Stop Loss: Rs.118

- Target 1: Rs.126

- Target 2: Rs.131

- Holding Period: 1 week

5paisa Recommendation: Sideways move to end in stock and thus making this stock as one of the best stocks to buy today.

Share Market Today

SGX Nifty:

SGX Nifty indicates a negative opening for the Indian markets. SGX Nifty is trading at 17,429.50 levels, down 107 points. (Updated at 8:00 AM).

International Market

Asian Market:

Most Asian stocks were trading lower. Japan's benchmark Nikkei 225 is down 0.76% to trade at 27,609.84. Hong Kong's Hang Seng is trading down 1.19% at 21,735.97, while the Shanghai Composite trades up 0.42% at 3,265.87.

US Market:

US stocks closed lower to cap the worst quarter since the pandemic’s start. The Dow Jones Industrial Average closed down 1.56% at 34,678.35; the S&P 500 closed down 1.57% at 4,530.41, and the Nasdaq Composite closed down 1.54% at 14,220.52.

Also read: Three metal stocks to keep an eye on today!