Stocks to Buy Today: 5 Best Shares to Buy on 29-Mar-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 March 29

1. Solar Industries (SOLARINDS)

Solar Industries Industries is involved in the business activities of Manufacture of explosives, ammunition and fire works. Company’s Total Operating Revenue is Rs.1584.40 Cr. and Equity Capital is Rs.18.10 Cr. for the Year ended 31/03/2021. Solar Industries India Ltd. is a Public Limited Listed company incorporated on 24/02/1995 and has its registered office in the State of Maharashtra, India.

SOLARINDS Share Price Details for Today: 

- Current Market Price: Rs.2,731

- Stop Loss: Rs.2,662

- Target 1: Rs.2,800

- Target 2: Rs.2,879

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see strong volume in this stock hence making this stock best stock to buy.

2. Greaves Cotton (GREAVESCOT)

Greaves Cotton is involved in the business activities of Manufacture of motor vehicles. Company’s Total Operating Revenue is Rs.1329.06 Cr. and Equity Capital is Rs.46.24 Cr. for the Year ended 31/03/2021. Greaves Cotton Ltd. is a Public Limited Listed company incorporated on 29/03/1922 and has its registered office in the State of Maharashtra, India.

GREAVESCOT Share Price Details for Today: 

- Current Market Price: Rs.191.7

- Stop Loss: Rs.186.5

- Target 1: Rs.197.5

- Target 2: Rs.204

- Holding Period: 1 week

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

3. 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.461

- Stop Loss: Rs.449

- Target 1: Rs.473

- Target 2: Rs.489

- 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.

4. Ratnamani Metals (RATNAMANI)

Ratnamani Metals is involved in the business activities of Manufacture of tube and tube fittings of basic iron and steel. Company’s Total Operating Revenue is Rs.2298.13 Cr. and Equity Capital is Rs.9.35 Cr. for the Year ended 31/03/2021. Ratnamani Metals & Tubes Ltd. is a Public Limited Listed company incorporated on 15/09/1983 and has its registered office in the State of Gujarat, India.

RATNAMANI Share Price Details for Today: 

- Current Market Price: Rs.2,531

- Stop Loss: Rs.2,467

- Target 1: Rs.2,595

- Target 2: Rs.2,672

- 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.

5. Gujarat Alkalies (GUJALKALI)

Gujarat Alkalies & Chemicals belongs to the Industry of Chemicals - Inorganic - Caustic Soda/Soda Ash. Company’s Total Operating Revenue is Rs.2429.48 Cr. and Equity Capital is Rs.73.44 Cr. for the Year ended 31/03/2021. Gujarat Alkalies & Chemicals Ltd. is a Public Limited Listed company incorporated on 29/03/1973 and has its registered office in the State of Gujarat, India.

GUJALKALI Share Price Details for Today: 

- Current Market Price: Rs.897

- Stop Loss: Rs.875

- Target 1: Rs.920

- Target 2: Rs.943

- Holding Period: 1 week

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

Share Market Today

SGX Nifty:

SGX Nifty indicates a positive opening for the Indian markets. SGX Nifty is trading at 17,382 levels, up 102.50 points. (Updated at 8:20 AM).

International Market

Asian Market:

Most Asian stocks were trading in the green territory. Japan's benchmark Nikkei 225 is up 0.61% to trade at 28,113.42. Hong Kong's Hang Seng is trading up 0.44% at 21,780.97, while the Shanghai Composite trades down 0.14% at 3,210.00.

US Market:

US stocks closed higher, led by gains in mega-caps and tech shares. The Dow Jones Industrial Average closed up 0.27% at 34,955.89; the S&P 500 closed up 0.71%, at 4,575.52; and the Nasdaq Composite closed up 1.31% at 14,354.90.

Also read: Three IT stocks to watch out for on 29 March