Stocks to Buy Today: 5 Best Shares to Buy on 31-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 31

1. Raymond Ltd (RAYMOND)

Raymond Ltd is involved in the business activities of Finishing of wool and blended wool textiles.. Company’s Total Operating Revenue is Rs.1752.41 Cr. and Equity Capital is Rs.66.57 Cr. for the Year ended 31/03/2021. Raymond Ltd. is a Public Limited Listed company incorporated on 10/09/1925 and has its registered office in the State of Maharashtra, India.

RAYMOND Share Price Details for Today: 

- Current Market Price: Rs.838

- Stop Loss: Rs.816

- Target 1: Rs.860

- Target 2: Rs.883

- 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. Asahi India (ASAHIINDIA)

Asahi India Glass is involved in the business activities of Manufacture of glass in primary or semi-manufactured forms (such as sheets & plate glass) including mirror sheets and wired, coloured, tinted, toughened or laminated glass. Company’s Total Operating Revenue is Rs.2380.49 Cr. and Equity Capital is Rs.24.31 Cr. for the Year ended 31/03/2021. Asahi India Glass Ltd. is a Public Limited Listed company incorporated on 10/12/1984 and has its registered office in the State of Delhi, India.

ASAHIINDIA Share Price Details for Today: 

- Current Market Price: Rs.437

- Stop Loss: Rs.425

- Target 1: Rs.449

- Target 2: Rs.465

- 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. Dabur India (DABUR)

Dabur India belongs to the Industry of Personal Care. Company’s Total Operating Revenue is Rs.7184.73 Cr. and Equity Capital is Rs.176.74 Cr. for the Year ended 31/03/2021. Dabur India Ltd. is a Public Limited Listed company incorporated on 16/09/1975 and has its registered office in the State of Delhi, India. 

DABUR Share Price Details for Today: 

- Current Market Price: Rs.528

- Stop Loss: Rs.514

- Target 1: Rs.543

- Target 2: Rs.559

- 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. L&T Infotech (LTI)

L&T Infotech is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.11562.60 Cr. and Equity Capital is Rs.17.50 Cr. for the Year ended 31/03/2021. Larsen & Toubro Infotech Ltd. is a Public Limited Listed company incorporated on 23/12/1996 and has its registered office in the State of Maharashtra, India. 

LTI Share Price Details for Today: 

- Current Market Price: Rs.6,310

- Stop Loss: Rs.6,145

- Target 1: Rs.6,475

- Target 2: Rs.6,650

- 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. SRF LTD (SRF)

SRF Ltd. is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs.6988.32 Cr. and Equity Capital is Rs.60.26 Cr. for the Year ended 31/03/2021. SRF Ltd. is a Public Limited Listed company incorporated on 09/01/1970 and has its registered office in the State of Delhi, India.

SRF Share Price Details for Today: 

- Current Market Price: Rs.2,706

- Stop Loss: Rs.2,636

- Target 1: Rs.2,777

- Target 2: Rs.2,830

- 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 positive opening for the Indian markets. SGX Nifty is trading at 17,535.50 levels, up 38.50 points. (Updated at 8:20 AM).

International Market

Asian Market:

Asian stocks were trading lower following data showing a contraction in Chinese manufacturing. Japan's benchmark Nikkei 225 is down 0.18% to trade at 27,976.16. Hong Kong's Hang Seng is trading down 0.89% at 22,033.09, while the Shanghai Composite trades down 0.08% at 3,263.94.

US Market:

US stocks closed lower as investors monitored developments in Ukraine and the bond market. The Dow Jones Industrial Average closed down 0.19% at 35,228.81; the S&P 500 closed down 0.63%, at 4,602.45; and the Nasdaq Composite closed down 1.27% at 14,442.27.