Best Intraday Stocks To Buy Tomorrow
Are you looking for Best Intraday Stocks To Buy Tomorrow: Stock For (2 May 2024)? Alright, Let’s discuss about REC and 2 other best intraday stocks.
Nifty 50
The Nifty 50, a key benchmark index for the Indian stock market, is currently trading around 22,604.85 (as of May 1st, 2024). This is a slight dip of 0.17% from the opening price.
Looking at the bigger picture, the Nifty 50 boasts a compounded annual growth rate (CAGR) of 11.6% since its launch. However, day-to-day performance can fluctuate.
1) REC
REC Prediction For Tomorrow: First Stock in our list of Best Intraday Stocks To Buy Tomorrow is REC.
REC Limited (RECLTD) is an Indian power financing company with a strong track record. As of May 2nd, 2024, REC stock closed at ₹507.15, reflecting a significant increase over the past year (up 265%). The company’s market capitalization is over ₹1.33 lakh crore.
REC has been performing well financially, with healthy growth in revenue and profitability. It also offers a decent dividend yield of around 2.48%. However, like any stock, REC’s price can fluctuate. It’s important to consider your investment goals and risk tolerance before making any decisions.
Here’s a quick summary:
Company: REC Limited (RECLTD)
Current Price: ₹507.15 (as of May 2nd, 2024)
Market Cap: ₹1.33 lakh crore
Recent Performance: Up 265% in one year
Dividend Yield: 2.48%
KEY LEVELS:
ENTRY – Above 512
TARGET – 516 and 520
STOP LOSS – 508
2) Voltas
Voltas Prediction For Tomorrow: Second Stock in our list of Best Intraday Stocks To Buy Tomorrow is Voltas.
Voltas Limited (VOLTAS) is a well-established Indian company dealing in ACs, refrigerators, and other appliances. Their stock price sits around ₹1474.75 (as of May 2, 2024).
Voltas’ performance has been excellent. While the company is a leader in its segment, recent stock price movement is very good as its on all time high and moving upward continueously.
Here’s a snapshot of Voltas:
Company: Voltas Limited (VOLTAS)
Current Price: ₹1474.75 (as of May 2, 2024)
Segment: Consumer durables (ACs, refrigerators)
Recent Performance: On its all time high.
KEY LEVELS:
ENTRY – Above 1481
TARGET – 1490 and 1500
STOP LOSS – 1470
Short Sell:
Below are the short sell levels of Voltas Share.
ENTRY – Below 1469
TARGET – 1460 and 1450
STOP LOSS – 1480
3) Hisar Metal
Hisar Metal Prediction For Tomorrow: Third Stock in our list of Best Intraday Stocks To Buy Tomorrow is Hisar Metal.
Hisar Metal Industries Limited (HISARMETAL) is a smaller player in the stainless steel industry, manufacturing strips, coils, tubes, and pipes. As of May 1, 2024, the company’s market cap sits around ₹119 crore, reflecting its niche position. Interestingly, the stock price has seen a significant jump of 20% on the day, currently trading around ₹222.
While this recent surge is positive, it’s important to consider the bigger picture. Hisar Metal’s historical performance and future growth potential require further research.
Here’s a quick look at Hisar Metal:
Company: Hisar Metal Industries Limited (HISARMETAL)
Current Price: ₹222 (as of May 2, 2024)
Market Cap: ₹119 crore
Recent Performance: 20% increase on May 1, 2024
Industry: Stainless steel products (niche player)
KEY LEVELS:
ENTRY – 230 – 240
TARGET – 3rs Above than entry rate, 5rs above than entry rate.
STOP LOSS – 4rs below than entry rate.
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