Every morning our analysts scan through the markets universe and choose one of the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the preferred ones make it to the leading 5 list. We also updateon the performance of earlier recommendation every morning to help you with your trading journey. Read on, to know the momentumstocks to buy today. The average holding period could be between 7-10 days on average.
5 Stocks to Buy or Sell on 20-Mar-2024
1. MRPL: VOLUME SPURT
Mangalore Refine is involved in the business activities of Manufacture of refined petroleum products. Company’s Total Operating Revenue is Rs. 108856.10 Cr. and Equity Capital is Rs. 1752.66 Cr. for the Year ended 31/03/2023. Mangalore Refinery And Petrochemicals Ltd. is a Public Limited Listed company incorporated on 07/03/1988 and has its registered office in the State of Karnataka, India.
Mangalore Refinery And Petrochemicals Share PriceTargetfor Today:
● Action: BUY
● Buy:₹220
● Stop Loss:₹211
● Target 1:₹229
● Target 2: ₹235
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects VOLUME SPURT in this stock hence makingMangalore Refinery And Petrochemicals one of the best stock to buy today.
2.VRLLOG: RECOVERY ON CARD
Vrl Logistics Ltd. is involved in the business activities of Motorised road freight transport. Company’s Total Operating Revenue is Rs. 2648.52 Cr. and Equity Capital is Rs. 88.34 Cr. for the Year ended 31/03/2023. VRL Logistics Ltd. is a Public Limited Listed company incorporated on 31/03/1983 and has its registered office in the State of Karnataka, India.
VRL Logistics Share PriceTargetfor Today:
● Action: BUY
● Buy: ₹563
● Stop Loss: ₹540
● Target 1: ₹586
● Target 2: ₹610
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects RECOVERY ON CARD in this stock hence making VRL Logistics one of the best stock to buy today.
3. TORNTPOWER: BULLISH MOMENTUM
Torrent Power Ltd. is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 18836.22 Cr. and Equity Capital is Rs. 480.62 Cr. for the Year ended 31/03/2023. Torrent Power Ltd. is a Public Limited Listed company incorporated on 29/04/2004 and has its registered office in the State of Gujarat, India.
Torrent Power Share Price Targetfor Today:
● Action: Buy
● Buy: ₹1264
● Stop Loss: ₹1213
● Target 1: ₹1315
● Target 2: ₹1365
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects BULLISH MOMENTUM in this stock hence making theTorrent Power one of the best stock to buy today.
4. BHEL (FUT): NEGATIVE CROSSOVER
Bharat Heavy Ele is involved in the business activities of Manufacture of steam generators, except central heating hot water boilers. Company’s Total Operating Revenue is Rs. 23364.94 Cr. and Equity Capital is Rs. 696.41 Cr. for the Year ended 31/03/2023. Bharat Heavy Electricals Ltd. is a Public Limited Listed company incorporated on 13/11/1964 and has its registered office in the State of Delhi, India.
BHARAT HEAVY ELECTRICALS FUTURES Share Price Targetfor Today:
● Action: Sell
● Sell: ₹219
● Stop Loss: ₹226
● Target 1: ₹212
● Target 2: ₹205
● Holding Period: 1 week
5paisa Recommendation: Our technical experts expects NEGATIVE CROSSOVERin this stock hence making Bharat Heavy Electricals Futures one of the best stock to sell today.
5. ICICIPRULI (FUT): CORRECTION EXPECTED
ICICI Pru Life insurance Company is involved in the business activities of Life insurance. Company’s Total Operating Revenue is Rs. 49400.19 Cr. and Equity Capital is Rs. 1438.57 Cr. for the Year ended 31/03/2023. ICICI Prudential Life Insurance Company Ltd. is a Public Limited Listed company incorporated on 20/07/2000 and has its registered office in the State of Maharashtra, India.
