Introduction :
Investing in stocks is an excellent way to build wealth over the long term. Most experts recommend buying supplies for a long time and only selling them when you need to use the money and if there is a specific reason why you should sell. The best and most stable stocks for long-term investment are those with a track record of high earnings and profits.
Here is the list of the top 10 shares for long-term investment in India :
1. Reliance Industries Shares :
Reliance Industries (RIL) is one of the largest publicly held corporations in India and the most valuable company on the Indian stock market. The company initially focused on textiles but has expanded into other sectors such as petroleum and petrochemicals, telecommunications, and currently, significant areas are refining, IT, retail, and entertainment.
2. Tata Consultancy Services (TCS) Shares :
TCS is an Indian provider of information technology, business consulting, engineering, and other services. TCS is headquartered in Mumbai, with development centers in Pune, Chennai, and Bangalore. It is a subsidiary of Tata Sons. It is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
3. HDFC Bank Shares :
HDFC Bank is an Indian banking and financial services company with its headquarters in Mumbai, Maharashtra, India. It was formed to provide corporate banking services to small and medium businesses in the country through its network of branches spread across 170 cities.
4. Infosys Shares :
Infosys is an Indian multinational corporation that provides business consulting, information technology, and outsourcing services. Its headquarters is in Bangalore, Karnataka. In recent years, Infosys has started exploring cutting-edge technologies such as artificial intelligence, machine learning, blockchain, cloud computing, the metaverse, the Internet of Things, security, and data analytics solutions.
5. State Bank of India Shares :
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It has a network of 20,510 branches and 1,053 local offices with over 8,500 ATMs across India and representatives overseas in Hong Kong, Beijing, Shanghai, and Dubai.
6. Hindustan Unilever Shares :
Hindustan Unilever Limited (HUL) is a consumer products company from India. It is the second-largest FMCG company in India and is listed on BSE and the NSE. The company, which was incorporated in 1945, is headquartered in Mumbai, Maharashtra, India.
7. Aditya Birla Group Shares :
The Aditya Birla Group (ABG) is an Indian multinational conglomerate based in Mumbai, Maharashtra, and has interests in many industries such as insurance, banking, and retail. It is the flagship company of the Aditya Birla family. It is listed on the BSE and NSE.
8. L&T Shares :
Larsen & Toubro Limited is an Indian multinational corporation that operates in engineering and construction services, manufacturing, technology services, financial services, information technology solutions, and business process outsourcing. It is headquartered in Mumbai, Maharashtra.
9. Tata Motors Shares :
Tata Motors Limited is an Indian automobile manufacturing company headquartered in Mumbai, Maharashtra, India. It was established in 1945 as a subsidiary of Tata Sons Limited. It is the largest manufacturer of trucks, buses, jeeps, cars, and utility vehicles.
10. Gujarat Gas Shares :
Gujarat Gas Limited (GGL) is a natural gas utility in Gujarat, India. The corporation has licenses to distribute over 43 districts In the six states of Maharashtra, Gujarat, Rajasthan, Punjab, Haryana, and Madhya Pradesh, and one union territory of Dadra & Nagar Haveli. The company has produced a respectable 41.7% CAGR in profit growth in the last five years.
Final Thought :
Before investing in any stocks, you must know the background of that particular company and its financial health. Investing in an established and profitable company over a startup is always better. The classification of a company into the industry is also significant for long-term investments. To get the right one, always follow the expert’s recommendation.
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