As we step into the promising realm of 2024, investors are eagerly eyeing opportunities in the ever-evolving stocks market. The global economic landscape is dynamic, shaped by technological advancements, geopolitical shifts, and unprecedented challenges. In this era of innovation and resilience, identifying the best stocks to invest in requires a keen understanding of market trends, company performance, and potential catalysts.
This article aims to be your compass in the intricate world of investing, offering insights into the stocks that analysts and experts believe hold significant promise in 2024. From groundbreaking technology companies to resilient players in traditional industries, we’ll explore the stocks poised for growth and delve into the factors driving their potential success. Join us on this journey as we uncover the top stock picks that could shape your investment portfolio in the year ahead.
Table of Contents
1. TATA MOTORS LTD.
TATA MOTORS LTD. can be one of the best profitable stock for you, it is almost doubled in a FY and now it’s revenue has grown in recent times.
Stock P/E 18.7 Book Value INR161 Dividend Yield 0.25% ROCE 5.95% Face Value INR2.00 EPS INR46.2 Debt INR1,27,864 Cr. Promoter Holding 46.4% Industry PE 24.8
2. PATANJALI FOODS LTD.
PATANJALI FOODS LTD. is another look for stocks, it is providing very high returns to its investors. this can be a good stocks for long term vision, if you look for short term goal it may be a roller coaster ride. Food and FMCG; 28% vs 20% in FY23. Edible Oils; 72% vs 80% in FY23. Revenue +31.04% and Profit +9.94% in FY2022-23. Promoter Holding 73.82%
3. JIO FINANCIAL SERVICES LTD.
Next bright stock is JIO FINANCIAL SERVICES LTD. jio is going to launch business in mutual funds with black rock, and also going to start loan business and also insurance and payment gateway field. If you look for long term then you should go with it.
4. JSW INFRASTRUCTURE LTD.
JSW INFRASTRUCTURE is a part of JSW GROUP, this second largest commercial port operator in India in terms of cargo handling capacity. It’s financially strong as well. it’s Revenue was +41.79 and Profit was +125.6 Cr. in FY2022-23. Promoter holding 85.61% , Mutual Funds 2.46. If you want to go long you can look into it.
5. INOX INDIA LTD.
INOX INDIA LTD. is best in it’s field. Business divison are Industrial Gas, LNG, Cryo Scientific. Revenue of Industrial Gas was 71% , LNG 25% and Cryo Scientific 4% of FY23. It’s Revenue was +22.46% and Profit was +17.02% in FY2022-23. Profit Margin is around 15%. Promoter Holdings 75.005 , Mutual Funds 4.26%.
6. Govt. Stocks – RAIL VIKAS NIGAM LTD.
RAIL VIKAS NIGAM LTD. is another stocks you can look, it’s giving a very high returns to it’s investors. The Co. had an order book of approx. Rs. 52,000 Cr. excluding the Kyrgyzstan order. with 20% through market bidding and the rest through nomination. RVNL has been assigned a total of 195 Projects so far. This is also a financially strong Company. Growth in Revenue was +6.05% than FY22, and Profit was +27.96%. Promoters holding is 72.84% so far.
7. HINDUSTAN AERONAUTICS LTD.
This is going it’s all time high from past 2 yrs, it has given a 3 times returns in last yr. Hindustan Aeronautics Ltd. is engaged in the business of Manufacture of Aircraft and Helicopters. As on 2023 order book stands at approx 85000 Cr. Revenue Growth was +11.70% in FY 2022-23 and Profit was +14.72%.
Stock P/E 33.4 Book Value INR375 Dividend Yield 0.91% ROCE 30.6% Face Value INR5.00 EPS INR90.4 Debt INR0.37 Cr. Promoter Holding 71.6% Industry PE 65.2
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