Welcome guys, Yesterday the name of 5 best intraday stocks were published in our previous post. And the best thing is that 99% of them were proved lucrative in today’s intraday trading market. Some of them were to be for short selling and rests were for short buying.
Today there was a market crash situation still among those 5 stocks, PC Jeweller Ltd, KIRI Industries Ltd have given up to 11.09% and 11.52% profit to their traders in the Indian stock market on 20th December, 2023. These 2 stocks should be in your watchlist for the next day also.
And now here is a list of 5 best intraday stocks that have been top gainers, fundamentally strong and have experienced significant increase in price recently. Let’s dive into the list and bag profit on our intraday trading on 21/12/2023.
“If you’re a beginner in the stock market, Intraday stocks are those stocks which are traded (bought and sold) in the same day from 9:15 AM to 3:15PM. A trader can’t hold this stocks for more than 1 day. Intraday stocks are bought and sold with special price margin and now a days online broker GROWW give pledge to its investors for intraday trading.”
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Table of Contents
5 Best Intraday Stocks for Today (21.12.2023)
- Oil India Ltd
- Rail Vikas Nigam Ltd
- Finkurve Financial Services Ltd
- Hindusthan Oil Exploration Company Ltd
- Diamines &Chemicals Ltd
Price Analysis of 5 Best Intraday Stocks for Today
| Stock Names | Day’s Low | Day’s High | Day Return |
| Oil India Ltd | Rs. 344.75 | Rs. 406.40 | 5.62% |
| IRFC | Rs. 91.30 | Rs. 104.10 | -7.64% |
| Finkurve Financial Services Ltd | Rs. 61.29 | Rs. 69.79 | 10.61% |
| Hindusthan Oil Exploration Company Ltd | Rs. 168.80 | Rs. 187.90 | 3.62% |
| Diamines &Chemicals Ltd | Rs. 525.00 | Rs. 577.00 | 6.15% |
Fundamentals of 5 Best Intraday Stocks for Today
1] Oil India Ltd
It is a mid cap company energy sector company having Rs. 37,021.59 Cr market cap. There is a certain number of positive impacts that may make this stock one of the best intraday stocks for today or tomorrow:-
- Tax Cut Alert: Oil India shares surge up to 19% on BSE (Bombay Stock Exchange) due to windfall profit tax cut by Indian Government.
- Retail Holding Up: Retail investors have increased their holdings significantly from 6.10% to 6.32% in the last quarter.
- Price Rise: In the last week, OIL India stock has moved up to 10.1%
- Revenue Rich: Revenue is up for the last 2 quarters with an average increase of 17.9% per quarter.
- FII Holdings: FII holdings have increased significantly from 11.2% to 11.26% in the last quarter.
- MF holdings: Mutual Fund companies have increased holdings from 4.66% to 5.22% in the last quarter.
- Promoters Holdings: Remained unchanged
- 52 weeks low price is Rs. 196.50
- 52 weeks high price is Rs.406.40
- 1 Month’s return is 8.73% profit
- 3 months’ return is 21.54% profit
- 1 Year’s return is 62.49% profit
The nature and trend of this mid cap stock is bullish that’ why this stock has already been added in many intraday traders’ watchlist for day-to-day trading.
2] IRFC ( Indian Railway Finance Corporation Ltd)
is again a Large cap company having Rs. 1,30,815.75 Cr market cap. There is a certain number of positive points that may make this stock one of the best intraday stocks for today or tomorrow:-
- Retail Holding Up: Retail investors have increased their holdings significantly from 10.48% to 10.87% in the last quarter.
- Price Rise: In the last week, IRFC has moved up to 17.25% in the last week.
- Revenue Rich: Revenue is up for the last 2 quarters with an average increase of 17.9% per quarter.
- FII Holdings: FII holdings remain unchanged in the last quarter.
- Promoters Holdings: Remained unchanged
- 52 weeks low price is Rs. 25.40
- 52 weeks high price is Rs.104.10
- 1 Month’s return is 31.54% profit
- 3 months’ return is 29.66% profit
- 1 Year’s return is 180.79% profit
Though the nature and trend of this large cap stock is bullish, many intraday traders consider this stock for short selling. Because even after breaking the Rs. 100 target this stock is now getting bearish for 3 to 4 days.
3] Finkurve Financial Services Ltd
is again a small cap company having Rs. 771.17 Cr market cap. There is a certain number of positive points that may make this stock one of the best intraday stocks for today or tomorrow:-
- Retail Holding Up: Retail investors holding is unchanged in the last quarter.
- Revenue Rich: Revenue is up for the last 2 quarters with an average increase of 27.97% in the last quarter.
- FII Holdings: FII holdings remain unchanged in the last quarter.
- Promoters Holdings: Remained unchanged
- 52 weeks low price is Rs. 51.00
- 52 weeks high price is Rs.103.90
- 1 Day return: = 11%
Though this stock is very volatile in nature, Intraday traders are considering this stock for short selling or short buying to make profit. It comes under the ‘Top Gainers’ category in INDmoney collection of Intraday stocks.
4] Hindusthan Oil Exploration Company Ltd
Hindusthan Oil Exploration Company Ltd is a small cap energy sector company having a market of Rs. 2,228.30 cr. There is a certain number of positive points that may make this stock one of the best intraday stocks for today or tomorrow:-
- Retail Holding Up: Retail investors holding is unchanged in the last quarter.
- FII Holdings: FII holdings is up in the last quarter.
- 52 weeks low price is Rs. 115.75
- 52 weeks high price is Rs.257.95
- 1 Day return: = 5%
- 1 month return = 1.02% profit
- 3 month return = 2.18%
- 1 year return = 19.55%
This company stock comes under the ‘Top Gainers’ TAB in INDmoney Intraday stock basket. So, traders can consider this stock for intraday trading at their own risk.
5] Gallant Ispat Ltd
Gallant Ispat Ltd is a small cap industrial sector company having a market of Rs. 2,778.35 cr. There is a certain number of positive points that may make this stock one of the best intraday stocks for today or tomorrow:-
- Promoters’ Holding: Promoters’ holdings are up from 68.79% to 68.94% in the last quarter.
- Price Rise:- Gallant Stock has moved up to by 96.7% in the last 6 months
- Best in 3 Years: In the last 3 years, Gallant Ispat Ltd stock has out performed top 5 stocks with highest market-cap in Iron and Steel sector.
- Profit Spike: Net Profit is significantly up for the last 2 years with an average increase of 35.0% per quarter.
- Retail Holding Up: Retail investors holding is unchanged in the last quarter.
- FII Holdings: FII holdings is up in the last quarter.
- 52 weeks low price is Rs. 49.55
- 52 weeks high price is Rs.128.45
- 1 Day return: = 7.51%
- 1 month return = 17.92% profit
- 3 month return = 20.89% Profit
- 1 year return = 81.62% profit
This company stock comes under the ‘Top Gainers’ TAB in INDmoney Intraday stock basket. So, traders can consider this stock for intraday trading at their own risk.
Final Thoughts: Best Intraday Stocks
we have discussed 5 best intraday stocks for today 21st December 2023. These are the small cap stocks which are traded frequently by the intraday traders in the Indian stock market.
Before dive into the intraday trading it is advised that Intraday Trading is highly risky so trade at your own risk. After your own analysis you should start intraday trading.
Pro Tips: Use stoploss and don’t start intraday trading with borrowed money
I am a personal finance, stock market update, etc.-related blog post writer. Besides, I am a stock market trader. I invest in IPOs, stocks, Etc. I publish valuable posts and information here.
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