Stocks to Buy Today: 5 Best Shares to Buy on 06-Jun-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 on Jun 06, 2022

1. Indiabulls Housing Finance (IBULHSGFIN)

Indiabulls Housing Finance is involved in the business activities of other credit granting. Company’s Total Operating Revenue is Rs.8654.64 Cr. and Equity Capital is Rs.92.47 Cr. for the Year ended 31/03/2021. Indiabulls Housing Finance Ltd. is a Public Limited Listed company incorporated on 10/05/2005 and has its registered office in the State of Delhi, India.

Indiabulls Housing Finance Share Price Target for Today: 

- Current Market Price: Rs.122

- Stop Loss: Rs.119

- Target 1: Rs.127

- Target 2: Rs.132

- Holding Period: 1 week

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

2. Reliance Industries (RELIANCE)

Reliance Industries is involved in the business activities of extraction of natural gas. Company’s Total Operating Revenue is Rs.445375.00 Cr. and Equity Capital is Rs.6765.00 Cr. for the Year ended 31/03/2022. Reliance Industries Ltd. is a Public Limited Listed company incorporated on 08/05/1973 and has its registered office in the State of Maharashtra, India.

Reliance Industries Share Price Target for Today: 

- Current Market Price: Rs.2,780

- Stop Loss: Rs.2,724

- Target 1: Rs.2,875

- Target 2: Rs.2,910

- Holding Period: 1 week

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

3. Birlasoft (BSOFT)

Birlasoft is involved in the business activities of writing, modifying, testing of computer program to meet the needs of a particular client excluding web-page designing. Company’s Total Operating Revenue is Rs.1640.53 Cr. and Equity Capital is Rs.55.46 Cr. for the Year ended 31/03/2021. Birlasoft Ltd. is a Public Limited Listed company incorporated on 28/12/1990 and has its registered office in the State of Maharashtra, India.

Birlasoft Share Price Target for Today: 

- Current Market Price: Rs.382

- Stop Loss: Rs.374

- Target 1: Rs.395

- Target 2: Rs.403

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see on verge of breakout in this stock hence making this stock best stock to buy.

4. Trent (TRENT)

Trent Ltd. is involved in the business activities of retail sale of readymade garments, hosiery goods, other articles of clothing and clothing accessories such as gloves, ties, braces etc.. Company’s Total Operating Revenue is Rs.3880.73 Cr. and Equity Capital is Rs.35.55 Cr. for the Year ended 31/03/2022. Trent Ltd. is a Public Limited Listed company incorporated on 05/12/1952 and has its registered office in the State of Maharashtra, India.

Trent Share Price Target for Today: 

- Current Market Price: Rs.1,129

- Stop Loss: Rs.1,097

- Target 1: Rs.1,175

- Target 2: Rs.1,200

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is moving above 200 SMA in this stock hence making this stock best stock to buy.

5. Metropolis Healthcare (METROPOLIS)

Metropolis Healthcare is involved in the business activities of Activities of independent diagnostic / pathological laboratories. Company’s Total Operating Revenue is Rs.816.11 Cr. and Equity Capital is Rs.10.22 Cr. for the Year ended 31/03/2021. Metropolis Healthcare Ltd. is a Public Limited Listed company incorporated on 01/03/2006 and has its registered office in the State of Maharashtra, India.

Metropolis Healthcare Share Price Target for Today: 

- Current Market Price: Rs.1,640

- Stop Loss: Rs.1,597

- Target 1: Rs.1,695

- Target 2: Rs.1,730

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see stock is near support hence making this stock best stock to buy.

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