Stocks To Buy Today: Best Shares To Buy In India

Last Updated On 17-Apr-2024

At every dawn, our team of experts do in-depth research and analyze the stock market and picks stocks which have the best momentum. These bunch of stocks are recommended from a huge list of stocks and only the best are selected to be added in the top list of today’s stocks to buy. You can get performance-based recommendations each morning which can help you to trade as per your trading requirement. Go through the below list and sort them as per your need.

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icon Company Name icon LTP icon Chg.(%) icon High icon Low icon All T/H icon All T/H Date icon All T/L icon All T/L Date
Eicher Motors
4355.7 3.23 up arrow 4404 4206.3 4404 16-04-2024 12:00:00 0.75 22-10-1998 12:00:00
NTPC
359.25 -0.53 down arrow 361.95 354.6 374.5 12-04-2024 12:00:00 58.33 05-11-2004 12:00:00
ICICI Bank
1067.05 -1.05 down arrow 1074.6 1062.7 1116.55 10-04-2024 12:00:00 3.77 09-02-1999 12:00:00
M & M
2031.3 -1.08 down arrow 2073.75 2027.75 2108.6 10-04-2024 12:00:00 6.38 26-09-2001 12:00:00
Tata Steel
160.05 -0.5 down arrow 162.45 159 169.8 09-04-2024 12:00:00 3.71 27-09-2001 12:00:00
Maruti Suzuki
12502.7 0.64 up arrow 12549.9 12275.35 12985.7 09-04-2024 12:00:00 155 09-07-2003 12:00:00
Shriram Finance
2400.75 -0.58 down arrow 2424 2368.35 2605.65 09-04-2024 12:00:00 1.22 12-08-1998 12:00:00
Sun Pharma.Inds.
1537.55 -0.16 down arrow 1543.3 1525.15 1638.85 05-04-2024 12:00:00 1.65 22-11-1996 12:00:00
Grasim Inds
2242.95 0.25 up arrow 2249.25 2221.1 2323.75 04-04-2024 12:00:00 16.67 28-04-1999 12:00:00
Adani Ports
1304.35 -0.85 down arrow 1322 1294.4 1424.95 02-04-2024 12:00:00 50.73 02-12-2008 12:00:00
Bajaj Auto
8919.15 -0.87 down arrow 9029.45 8784.1 9357.95 02-04-2024 12:00:00 131 02-12-2008 12:00:00
Larsen & Toubro
3543.45 -1.59 down arrow 3598.15 3529.45 3860 02-04-2024 12:00:00 15.57 20-10-1998 12:00:00
Bharti Airtel
1216.45 -0.66 down arrow 1233.95 1212.05 1245 22-03-2024 12:00:00 9.31 10-01-2003 12:00:00
TCS
3872.8 -1.74 down arrow 3928.7 3862.85 4254.75 18-03-2024 12:00:00 103.84 27-10-2008 12:00:00
Tata Consumer
1135.65 0.44 up arrow 1138.9 1113.95 1269 11-03-2024 12:00:00 11.76 17-09-2001 12:00:00
Cipla
1375.2 -0.45 down arrow 1391.95 1371.55 1519 11-03-2024 12:00:00 5.97 22-11-1995 12:00:00
Power Grid Corpn
274.25 0.07 up arrow 275.55 271.25 298.9 07-03-2024 12:00:00 29.25 27-10-2008 12:00:00
St Bk of India
751.7 -0.77 down arrow 754.9 744.4 793.4 07-03-2024 12:00:00 13.21 21-09-2001 12:00:00
Tata Motors
992.8 -0.6 down arrow 1004.9 982.1 1065.6 05-03-2024 12:00:00 11.03 03-04-2001 12:00:00
Reliance Industr
2931.5 0.06 up arrow 2942.35 2901.85 3024.9 04-03-2024 12:00:00 13.9 29-01-1996 12:00:00
SBI Life Insuran
1462.75 -0.28 down arrow 1476.9 1452 1569.4 02-03-2024 12:00:00 485 01-10-2018 12:00:00
Dr Reddys Labs
6050.35 0.66 up arrow 6073.85 5985.05 6505.9 28-02-2024 12:00:00 38.01 10-12-1996 12:00:00
HCL Technologies
1477.3 -1.84 down arrow 1501.6 1467.3 1697.35 23-02-2024 12:00:00 12.9 27-09-2001 12:00:00
Apollo Hospitals
6334.75 0.5 up arrow 6347.6 6202 6874.45 22-02-2024 12:00:00 10.83 08-02-1999 12:00:00
Coal India
453.2 0.49 up arrow 456.4 446.35 487.6 16-02-2024 12:00:00 109.55 15-10-2020 12:00:00
B P C L
592.3 0.47 up arrow 600 578.55 687.95 16-02-2024 12:00:00 10.88 26-04-1999 12:00:00
Hero Motocorp
4322.9 -1.33 down arrow 4446.45 4288.05 4949.05 12-02-2024 12:00:00 17 04-07-1995 12:00:00
Titan Company
3645.9 1.26 up arrow 3653.2 3583 3886.95 30-01-2024 12:00:00 1.31 17-09-2001 12:00:00
Nestle India
2546.1 -0.3 down arrow 2583.65 2542.3 2769.3 02-01-2024 12:00:00 16.51 04-12-1996 12:00:00
UltraTech Cem.
9463.8 -0.45 down arrow 9494.95 9351 10526 29-12-2023 12:00:00 245.25 25-11-2008 12:00:00
Britannia Inds.
4740.7 -0.45 down arrow 4772.5 4691.3 5386.05 29-12-2023 12:00:00 9.47 18-01-1996 12:00:00
JSW Steel
845.25 -1.77 down arrow 863.6 842.75 895.75 28-12-2023 12:00:00 0.19 28-10-1998 12:00:00
Axis Bank
1051.9 -0.57 down arrow 1057.85 1044.35 1151.85 05-12-2023 12:00:00 2.4 26-04-1999 12:00:00
Bajaj Finance
6954.25 -1.72 down arrow 7034.3 6931 8192 06-10-2023 12:00:00 1.96 18-08-1998 12:00:00
ITC
425.9 0 down arrow 427 423.2 499.7 24-07-2023 12:00:00 4.14 25-01-1996 12:00:00
HDFC Bank
1509.25 0.97 up arrow 1512.9 1482.25 1757.5 03-07-2023 12:00:00 2.4 29-01-1996 12:00:00
Adani Enterp.
3106.4 -1.3 down arrow 3149.2 3100 4190 21-12-2022 12:00:00 2.65 28-05-1996 12:00:00
Hindalco Inds.
608.85 -0.63 down arrow 621.4 606.8 636 29-03-2022 12:00:00 32.76 12-03-1999 12:00:00
Infosys
1414.45 -3.66 down arrow 1455.15 1413.05 1953.9 17-01-2022 12:00:00 0.71 23-11-1995 12:00:00
Asian Paints
2830 -0.51 down arrow 2841.45 2820 3590 10-01-2022 12:00:00 8.17 28-04-1999 12:00:00
LTIMindtree
4662.85 -3.16 down arrow 4786.95 4650.05 7588.8 04-01-2022 12:00:00 598 22-11-2016 12:00:00
Tech Mahindra
1195.8 -1.88 down arrow 1213.15 1191 1838 30-12-2021 12:00:00 51.25 23-01-2009 12:00:00
Kotak Mah. Bank
1792.6 -0.31 down arrow 1804.6 1775.65 2253 27-10-2021 12:00:00 0.63 10-05-1999 12:00:00
Bajaj Finserv
1618.5 -2.31 down arrow 1648.7 1611.35 1932.5 19-10-2021 12:00:00 8.66 03-12-2008 12:00:00
Divis Lab.
3764.2 1.28 up arrow 3781 3686.2 5425.1 18-10-2021 12:00:00 7.75 12-03-2003 12:00:00
Wipro
448.35 -2.39 down arrow 458.5 444.8 739.85 14-10-2021 12:00:00 0.74 31-12-1996 12:00:00
Hind. Unilever
2220.8 1.22 up arrow 2231.25 2172.05 2859.3 21-09-2021 12:00:00 50 16-03-1995 12:00:00
HDFC Life Insur.
604.6 -1.36 down arrow 611.1 600.6 775.65 02-09-2021 12:00:00 307 17-11-2017 12:00:00
IndusInd Bank
1490.95 -3.18 down arrow 1534.8 1487.95 2038 03-08-2018 12:00:00 8.5 18-09-2001 12:00:00
O N G C
283.15 1.18 up arrow 292.55 275.25 314.57 09-06-2014 12:00:00 10.57 09-05-2000 12:00:00

Introduction to Hot Stocks

What are hot stocks?

Hot stocks include shares that are in great demand as a consequence of the stock continuously outperforming the market as a result of positive financial performance. The hype around such stocks often occurs during an IPO, generating tremendous investor interest.

Investors hop on the bandwagon as excitement soars, which increases demand for a specific stock and decreases supply. As a result, the short-term increase in stock price is typically substantial.

While the euphoria has subsided, traders still seek to sell the shares above the company's fair value, which drives down the share price. Although several IPO equities are expensive, early investors can profit significantly from purchasing stocks before they are listed.

Additionally, the excitement around an IPO attracts investors to the industry in which the company works, driving up the stock values of related businesses. A stock may be in great demand outside of an IPO because of the dividends it pays or due to impressive quarterly results that increase investor trust.

How to identify hot stocks?

The following indicators help identify the best stocks to buy today or to invest in the future.

  • Price Variation: Irrespective of the industry, a hot stock will see a sharp price gain. The Best share to buy is when the share value rises rapidly.
  • Rising Volume:You may determine whether a stock is hot by examining the trade volume associated with the upward price movement.
  • RSI, or Relative Strength Index: RSI is one of the most often used momentum indicators that may also serve as a trend indicator. A stock or index with an RSI value above 50 is in a bullish trend, whereas one below 50 is in a bearish one. The divergence between the indication and price is one of RSI’s other common uses.
  • Moving Average Convergence Divergence (MACD): The MACD takes advantage of the link between an exponential moving average (EMA) with a 26-period and a 12-period. Here, the stock gains momentum when the two moving averages diverge, and the acceleration ends when they converge. The MACD and signal line make up the indicators. While the signal line is the MACD line's 9 EMA, it records the difference between the two EMA.

It is up to the trader's initiative, combined with the above indicators, to use the signal to trade effectively while considering the best stocks to buy today.

Share Market Today

icon Name icon Value icon Chg.(%)

Hot Stock FAQs

What are hot stocks?

There is no such technical term as hot stocks. But stocks in which trading volume is currently high, and whose prices are rising can be considered as hot stocks in layman’s language. This means that they are stocks that are in high demand presently. Stocks in industries that are currently showing a boom are also sometimes considered as hot stocks. For example, many stocks in sectors such as IT & software services etc. are considered to be hot stocks.

Besides looking at the trading volume and direction of price movement, hot stocks can also be identified by looking at MACD signal and RSI indicator of the stock.

How to identify the hot stocks on a daily basis?

One can look at the top gainers at NSE on the day to identify the hot stocks of that day. For instance, on 2nd August, 3 p.m. the top 3 gainers at NSE are Divi’s Lab, Nestle India and Hindustan Unilever. These three stocks are the hot stocks on 2nd August. Daily hot stocks change on a daily basis.

How to identify the right stock to invest?

You should first ascertain whether you want to invest in a dividend paying stock or a high growth stock. Dividend paying stocks are those that regularly give dividends. You will get a regular stream of income, in the form of dividends, by investing in these stocks. A growth stock is one that is likely to see high capital appreciation in future. These are usually stocks of companies that are showing high growth rate. These companies usually do not pay dividends. If you want a dividend paying stock then look at stocks that regularly pay dividends. If you want to invest in a high growth stock, then look at stocks that are trading at a high P/E ratio. Stocks that are trading at a high P/E ratio are likely to be high growth stocks.

Before taking the decision regarding whether to invest in a stock or not, a bit of analysis of the industry of the company will help you in taking the right decision. The industry analysis can be done on the parameters of bargaining power of customers, bargaining power of suppliers, barriers to entry, threat of substitutes, and intensity of competitive rivalry in the industry. A stock is more likely to be a hot stock or good investment in the foreseeable future if the industry in which it operates has low bargaining power of customers, low bargaining power of suppliers, high barriers to entry, low threat of substitutes and low intensity of competitive rivalry.

Once you have identified the industry whose stocks are likely to perform well in the foreseeable future, you can pick the right stock by identifying the one that is relatively cheap when compared to its peers in the industry. You can use the parameters of P/E ratio or P/B ratio for identifying stocks that are relatively cheap. Stocks that are trading at a P/E ratio that is less than the industry average P/E ratio can be considered as cheap, and vice-versa.

What is the meaning of a multibagger stock?

A multibagger stock is one that gives return of 100% or more.

What is meant by Price-to-Earnings (P/E) ratio?

P/E ratio is the ratio of market price of a stock to its earnings per share.

What is a value stock?

A value stock is one that is trading at a relatively low P/E ratio. Such a stock also pays dividends. It also has a relatively low price to book value (P/B) ratio.

What is a growth stock?

A growth stock is one that is trading at a high P/E ratio. Markets expect that such stocks will show high growth in Earnings per share (EPS) in the foreseeable future. Therefore, the prices of these stocks are relatively high in comparison to their earnings per share.

What is value investing?

Value investing means buying stocks that are relatively cheap in valuation. There are various ways of identifying stocks that are trading cheap. One way is to look at the Price-to-Earnings (P/E) ratio of the stock. If the stock is trading at a low P/E ratio in comparison to its peers, in spite of good fundamentals, then it is a cheap stock. It will be good to buy it now. Its price is likely to increase in future. You can sell it when its price rises, and book profits.

Another way to identify undervalued stocks is to look at price-to-book value ratio (P/B) ratio of a stock. Stocks with low P/B ratio are likely to be undervalued. Investing in these stocks can give one profits, when the stock price rises. Warren Buffet follows the P/B rule for identifying stocks that are relatively cheap. He invests in stocks that have P/B ratio of 1.3 or less.


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