Stocks to Buy Today: 5 Best Shares to Buy on 02-May-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 May 02, 2022

1. Indian Hotels (INDHOTEL)

Indian Hotels Co is involved in the business activities of Short term accommodation activities. Company’s Total Operating Revenue is Rs.2003.34 Cr. and Equity Capital is Rs.142.04 Cr. for the Year ended 31/03/2022. Indian Hotels Company Ltd. is a Public Limited Listed company incorporated on 01/04/1902 and has its registered office in the State of Maharashtra, India.

INDHOTEL Share Price Target for Today: 

- Current Market Price: Rs.257

- Stop Loss: Rs.251

- Target 1: Rs.263

- Target 2: Rs.269

- Holding Period: 1 week

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

2. RUPA (RUPA)

Rupa & Company is involved in the business activities of Manufacture of other knitted and crocheted apparel including hosiery. Company’s Total Operating Revenue is Rs.1261.22 Cr. and Equity Capital is Rs.7.96 Cr. for the Year ended 31/03/2021. Rupa & Company Ltd. is a Public Limited Listed company incorporated on 06/02/1985 and has its registered office in the State of West Bengal, India.

RUPA Share Price Target for Today: 

- Current Market Price: Rs.528

- Stop Loss: Rs.513

- Target 1: Rs.543

- Target 2: Rs.564

- 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.

3. Sapphire Foods (SAPPHIRE)

Sapphire Foods India is involved in the business activities of Food and beverage service activities. Company’s Total Operating Revenue is Rs.805.17 Cr. and Equity Capital is Rs.52.79 Cr. for the Year ended 31/03/2021. Sapphire Foods India Ltd. is a Public Limited Listed company incorporated on 10/11/2009 and has its registered office in the State of Maharashtra, India.

SAPPHIRE Share Price Target for Today: 

- Current Market Price: Rs.1,327

- Stop Loss: Rs.1,290

- Target 1: Rs.1,365

- Target 2: Rs.1,400

- Holding Period: 1 week

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

4. Route Mobile (ROUTE)

Route Mobile is involved in the business activities of Other information service activities. Company’s Total Operating Revenue is Rs.376.38 Cr. and Equity Capital is Rs.57.71 Cr. for the Year ended 31/03/2021. Route Mobile Ltd. is a Private Limited Listed company incorporated on 14/05/2004 and has its registered office in the State of Maharashtra, India.

ROUTE Share Price Target for Today: 

- Current Market Price: Rs.1,638

- Stop Loss: Rs.1,595

- Target 1: Rs.1,681

- Target 2: Rs.1,723

- 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.

5. Chennai Petroleum (CHENNPETRO)

Chennai Petroleum belongs to the Industry of Refineries. Company’s Total Operating Revenue is Rs.43375.38 Cr. and Equity Capital is Rs.148.91 Cr. for the Year ended 31/03/2022. Chennai Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 30/12/1965 and has its registered office in the State of Tamil Nadu, India.

CHENNPETRO Share Price Target for Today: 

- Current Market Price: Rs.279

- Stop Loss: Rs.273

- Target 1: Rs.285

- Target 2: Rs.292

- Holding Period: 1 week

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

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