Stocks to Buy Today: Best Shares to Buy in India

Stocks to Buy Today: Best Shares to Buy in India

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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
Network People
465 -0.42 485 462.05 485 21-03-2023 12:00:00 49.05 29-11-2021 12:00:00
Vardhman Special
373.45 -2.1 386.8 370.8 386.8 21-03-2023 12:00:00 8.08 02-12-2013 12:00:00
Nip. India Gold
50.48 -0.84 52.45 50.3 52.45 21-03-2023 12:00:00 7.97 18-06-2007 12:00:00
One Point One
18 -2.96 19.75 17.7 19.75 21-03-2023 12:00:00 0.99 02-12-2019 12:00:00
3313.15 0.63 3332.85 3283 3332.85 21-03-2023 12:00:00 13.63 18-02-1998 12:00:00
KPIT Technologi.
877.4 -1.37 904.7 873.85 904.7 21-03-2023 12:00:00 34.35 26-03-2020 12:00:00
Zen Technologies
311.2 1.35 319.9 305 319.9 21-03-2023 12:00:00 21.3 31-03-2020 12:00:00
Foseco India
2538.95 6.05 2570 2339.9 2570 21-03-2023 12:00:00 45.9 17-04-2001 12:00:00
Geekay Wires
171.2 9.99 171.2 162.2 171.2 21-03-2023 12:00:00 31 11-07-2019 12:00:00
Hariom Pipe
487.3 5.09 491 457.7 491 21-03-2023 12:00:00 169.1 11-05-2022 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.

Hot Stock FAQs

What is the right time for the best share to buy today?

What does the 5% stock rule mean?

What does the three-day rule in stocks mean?