Best Long Term Stocks to Invest 2024
Investors are constantly looking for opportunities to expand and diversify their investment portfolios. This allows them to withstand market fluctuations and make good returns over a long period of time. Long-term investments give investors the benefit of increasing returns and growth potential in reputed companies. In this blog, we explore the best long term stocks to invest in 2024 and add to your investment portfolio.
What Are the Best Long Term Stocks to Invest?
The best long term stocks to invest in are the ones have are stable, well-performing, have growth potential and have a strong foundation to withstand different economic cycles. These types of stocks are associated with well-established companies that give the investors growth potential and sometimes regular payouts over a long period. It is crucial to note that these types of stock investments require thorough understanding, patience and proper strategies. This is when you can take the help of top brokerage companies like Aaditya Wealthon. We offer the lowest brokerage charges in India for trading. With a proven ability to sail through market ups and downs, we help you gain the best returns on investments.
Also Visit:- The Best Stock Advisory Companies in India 2024
Top 5 Long Term Stocks to Invest in 2024
1. Tata Consultancy Services (TCS)
This a leading IT services company that has made a place for itself in the technology industry. It focuses on innovative technology, a skilled workforce and a massive customer base. The company operates through media and communication, banking, information resources, education and more. As of May 2024:
| Market Capitalization: | Rs.13,82,181 crore |
| Debt-to-equity Ratio: | 1.16 % |
| Net Profit Margin: | 19.22% |
| Current Ratio: | 310.05% |
| Industry Average: | 228.87% |
2. Adani Ports and Special Economic Zone Ltd
This company is one of the best long-term stocks to invest in. Adani Ports and Special Economic Zone Ltd is a port infrastructure company that develops, operates and maintains ports and port-based infrastructure facilities. This large-cap company is our best stocks 2024. As of May 2024:
| Market Capitalization: | Rs. 2,99,287 crore |
| Debt-to-equity Ratio: | |
| Net Profit Margin: | 27.83% |
3. HDFC Bank
The HDFC Bank Limited offers a variety of banking services like commercial and investment banking broad spectrum of clients. The company has seen massive growth over the years at a yearly rate of 15.09%. This large cap company is a good long term stocks investment. As of May 2024:
| Market Capitalization: | Rs. 11,09,143 crores |
| Net Profit Margin: | 19.96% |
| Market Share Rate: | 26.01& |
4. Eicher Motors Ltd
This is an Indian multinational automotive company with headquarters in New Delhi. It is on the list of top 5 stocks in India that operate in different business verticals like commercial vehicles, motorcycles and personal utility vehicles. Eicher Motors Ltd. is a prominent company in the Indian automotive industry. As of May 2024:
| Market Capitalization: | Rs. 1,27,955 crores |
| Debt-to-Equity Ratio: | 8.16% |
| Current Ratio: | 233.88% |
| Industry Average: | 120.29% |
5. Coal India Ltd
This is an Indian central public sector company under the Ministry of Coal, Government of India. Coal India Ltd is engaged in the production and sale of coal. The company operates in the power and steel, fertilizer, brick and klin industries and more. As of May 2024:
| Market Capitalization: | Rs. 3,02,374 crores |
| Debt-to-Equity Ratio: | 11.88% |
| Net Profit Margin: | 17.88% |
| Industry Average: | 11.88% |
Conclusion
These were some of the top Indian stocks to invest in the long term. It allows you to expand your wealth over a period of time. However, it is crucial to diversify your portfolio and ensure your investment aligns with your risk appetite and financial goals. The first step to investment is opening a demat account. To avail the benefits of demat account and begin your investment journey, choose a trusted stock broker. Aaditya Wealthon is a leading stock advisory and brokerage firm in India. We can help start your investing in long term shares and achieve substantial gains over a period of time. Call us today to open your demat account.
