If you are looking to invest in the stock market and are confused about how to choose the best stock then you can follow the following tips:
- Understand the business you are going to invest in by doing your research and analyzing the fundamentals and technical aspects of stocks. It is better to understand the prospects of a business to determine its fair value and ensure its alignment with your plans.
- Build your portfolio by combining quantitative and qualitative analysis to develop a strategy that works best for you.
- Make decisions without emotions meaning avoid buying stocks that are in trend or hyped.
The top five shares you can buy today are as follows: Zydus Life Science, HCL Tech, Nazara, Carborundum Universal, and IDFC.
Zydus Life sciences
- Purchase- Rs. 857
- Target- Rs. 883
- Stop loss- Rs. 832
Zydus Life Sciences is involved in the manufacturing of medicinal substances that are used in the manufacturing of pharmaceutical antibiotics, endocrine products, basic vitamins, sulpha drugs, chemically pure sugar, and the like. The total operating revenue of the company stands at Rs. 8731.60 Cr for the financial year of 31st March 2023 with its equity capital at Rs. 101.20 Cr. It is a publicly limited listed company that has its headquarters in Gujarat, India.
HCL Tech
- Purchase- Rs. 1667
- Target- Rs. 1700
- Stop loss- Rs. 1634
HCL Tech is a renowned information technology providing service firm that is recognized globally. It falls under the top five revenue-generating IT service organizations in India. It is a multinational corporation that helps organizations rebuild themselves in the digital age through innovation and risk-taking.
Nazara
- Purchase- Rs 867
- Target-Rs 893
- Stop loss- Rs 840
Nazara Technologies is involved in the activities of basic telecom services like telephone, telex, and telegraph along with the activities happening in std and ISD booths. The total operating revenue of the company stands at Rs. 23.00 cr and equity capital of Rs. 26.50 Cr for the financial year of 2022-23. It has its headquarters in Maharashtra, India.
Carborundum Universal
- Purchase- Rs 1150
- Target- Rs 1185
- Stop loss- Rs 1115
Carborundum Universal is involved in business activities in the fields of Abrasives and grinding wheels. Its total operating revenue is Rs. 2509.86 Cr and its equity capital is Rs. 18.99 Cr for the fiscal year ended on 31st of March 2023. The company has its headquarters in Tamil Nadu, India.
IDFC
- Purchase- Rs. 113.50
- Target- Rs 110
- Stop loss- Rs. 117
IDFC L works in the industry of finance-term lending insurance with its total operating revenue at Rs. 2075.59 Cr and Equity Capital of Rs. 1599.99 Cr for the last year as of 2022-23. It is a private-public listed company working from Tamil Nadu, India as its registered office.
