There are numerous options available when it comes to the best stocks for beginners to invest in. However, choosing one is difficult when various alternatives are available.
We have covered a list of the top 10 stocks in India for beginners to invest in. These stocks come from a wide range of industries, which will also help you diversify your investment portfolio.
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We are not only providing the ten best stocks for investment, but we are also providing basic information about these stocks as well as their CAGR rate over a decade to make things easier for you. So, before making any investment decisions, make sure to look at all ten names.
Reliance Industries
Reliance Industries is a conglomerate with holdings in many industries, including energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The company is India’s largest private-sector enterprise with a yearly revenue of $62.2 billion.
Reliance Industries has a proven track record of profitability and growth. Over the last ten years, the company has consistently delivered strong financial results, with a compound annual growth rate (CAGR) of 20.8%.
Infosys
Infosys is India’s second-largest IT services company, with a turnover of Rs. 1,21,953 crore (US$17.8 billion) and a CAGR of 24.0% over the last ten years. Application development, enterprise resource planning, and infrastructure management are among the many IT services provided by the company.
HDFC Bank
HDFC Bank is one of India’s largest banks, with 4,715 branches and 12,260 ATMs spread across 2,597 cities and towns. The bank provides a variety of banking products and services, such as savings and current accounts, loans, credit cards, and investment products. Over the last ten years, the bank has reported a CAGR of 28.4%.
Asian Paints
With a revenue of Rs.16,701 crore (US$2.4 billion), Asian Paints is India’s largest paints and coatings company. The company’s product portfolio includes a diverse range of paints, coatings, and waterproofing solutions. Over the last ten years, Asian Paints has reported a CAGR of 20.6%.
Hindustan Unilever
With a revenue of Rs. 36,143 crores (US$5.3 billion), Hindustan Unilever is one of India’s largest consumer goods companies. Kotak Mahindra Bank
Kotak Mahindra Bank is known for banking services in India, and it is one of the leading Banks in India with 1,369 branches and 2,163 ATMs spread across 689 cities and towns. The bank provides various banking products and services, such as savings and current accounts, loans, credit cards, and investment products. Kotak Mahindra Bank has reported a CAGR of 27.4% over the last 10 years.
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Bajaj Finance
Bajaj Finance is a leading non-banking financial company (NBFC) in India, focusing on consumer lending. Personal loans, home loans, auto loans, and business loans are among the loan products offered by the company. Over the last ten years, the company has reported a CAGR of 35.2%.
TCS
TCS is India’s largest IT services firm, with a revenue of Rs. 1,46,289 crore (US$21.3 billion) and a CAGR of 20.1% over the last decade. Application development, enterprise resource planning, and infrastructure management are among the many IT services provided by the company.
SBI
SBI is India’s largest bank, with 22,500 branches and 58,000 ATMs spread across the country. The bank provides variety of banking products and services, such as savings and current accounts, loans, credit cards, and investment products. Over the last ten years, the bank has reported a CAGR of 16.0%.
Bharti Airtel
Bharti Airtel is India’s largest telecommunications company, with over 377 million customers. The company provides various telecom services, such as mobile voice and data, fixed line, broadband, enterprise, and carrier services. The company has also weathered the Jio storm, with a CAGR of 15.5% over the last ten years.
Conclusion
While there are no guarantees in the stock market, these stocks are more likely to outperform the market. Beginners can invest their money in any of the above without fear of losing it, and the best part is that they don’t have to look for information or platforms. Take your time, conduct your own research, and make an informed investment decision.
