Stocks to Buy Today: 5 Best Shares to Buy on 05-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 05, 2022

1. ONGC (ONGC)

ONGC is involved in the business activities of Support activities for petroleum and natural gas mining. Company’s Total Operating Revenue is Rs.68087.18 Cr. and Equity Capital is Rs.6290.14 Cr. for the Year ended 31/03/2021. Oil And Natural Gas Corporation Ltd. is a Public Limited Listed company incorporated on 23/06/1993 and has its registered office in the State of Delhi, India.

ONGC Share Price Target for Today: 

- Current Market Price: Rs.162

- Stop Loss: Rs.157

- Target 1: Rs.167

- Target 2: Rs.171

- Holding Period: 1 week

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

2. Star Health (STARHEALTH)

Star Health & Allied belongs to the Industry of Finance - Non Life Insurance. Company’s Total Operating Revenue is Rs.5188.00 Cr. and Equity Capital is Rs.548.09 Cr. for the Year ended 31/03/2021. Star Health and Allied Insurance Company Ltd. is a Public Limited Listed company incorporated on 17/06/2005 and has its registered office in the State of Tamil Nadu, India.

STARHEALTH Share Price Target for Today: 

- Current Market Price: Rs.720

- Stop Loss: Rs.700

- Target 1: Rs.741

- Target 2: Rs.758

- 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. Sheela Foam (SFL)

Sheela Foam is involved in the business activities of Manufacture of mattresses and pillows. Company’s Total Operating Revenue is Rs.1689.49 Cr. and Equity Capital is Rs.24.39 Cr. for the Year ended 31/03/2021. Sheela Foam Ltd. is a Public Limited Listed company incorporated on 18/06/1971 and has its registered office in the State of Delhi, India. 

SFL Share Price Target for Today: 

- Current Market Price: Rs.467

- Stop Loss: Rs.456

- Target 1: Rs.478

- Target 2: Rs.490

- 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. Rain Industries (RAIN)

Rain Industries is involved in the business activities of Manufacture of other petroleum (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals). Company’s Total Operating Revenue is Rs.53.55 Cr. and Equity Capital is Rs.67.27 Cr. for the Year ended 31/12/2021. Rain Industries Ltd. is a Public Limited Listed company incorporated on 15/03/1974 and has its registered office in the State of Telangana, India.

RAIN Share Price Target for Today: 

- Current Market Price: Rs.176

- Stop Loss: Rs.171

- Target 1: Rs.181

- Target 2: Rs.185

- 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. GMDC LTD (GMDCLTD)

Gujarat Mineral Dev belongs to the Industry of Mining/Minerals. Company’s Total Operating Revenue is Rs.2858.01 Cr. and Equity Capital is Rs.63.60 Cr. for the Year ended 31/03/2022. Gujarat Mineral Development Corporation Ltd. is a Public Limited Listed company incorporated on 15/05/1963 and has its registered office in the State of Gujarat, India.

GMDCLTD Share Price Target for Today: 

- Current Market Price: Rs.189

- Stop Loss: Rs.184

- Target 1: Rs.194

- Target 2: Rs.200

- 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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