If you want to invest in the stock market, then this post is going to be very helpful for you because today we will tell you about 5 best stocks which are going to give you good profits in long term investment. Let us tell you that about 2% of the total population of India invests in financial assets and you are one of them.
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Here is a list of top 5 best stocks to invest in 2024 that you can consider adding to your investment portfolio.
Top 5 Best Stocks To Invest In 2024
The list of best stocks to Invest in 2024 becomes very long as it contains many great stocks. But today we are going to tell you the top picks in which you can get high returns by investing.
Indian Railway Finance Corporation (IRFC)
Indian Railway Finance Corporation is an Indian public sector undertaking engaged in raising financial resources for expansion and running through capital markets and other borrowings. The Government of India owns a majority stake in the company, while the Ministry of Railways has the administrative control.
IRFC RETURNS
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If you are looking for the best stocks to invest in 2024 then IRFC is going to be the best pick for you because it has grown by more than 300% in the last one year or now this figure can increase to 1000%.
IRFC FUNDAMENTAL ANALYSIS
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Indian Renewable Energy Dev Agency Ltd (IREDA)
Formed in 1987, IREDA is a Mini Ratna (Category – I) organization, owned by the Government of India and administratively controlled by the Ministry of New and Renewable Energy (MNRE). In November 2023, IREDA went public with an initial public offering (IPO) by listing on the NSE and BSE.
IREDA RETURNS
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IREDA FUNDAMENTAL RATIOS
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Tata Power Company Ltd
Tata Power is one of India’s largest integrated power companies, with a presence across the entire power value chain across conventional and renewable energy, power services and next generation customer solutions including solar rooftop, EV charging stations and home automation.
TATA POWER RETURNS
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If you are looking for the best stock to invest in 2024, then Tata Power is also the best stock for you as it has given returns of more than 100% in the last 1 year. And now its current price is Rs 448 and it can reach Rs 490 by the end of 2024.
TATA POWER FUNDAMENTAL RATIOS
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Hindustan Unilever Ltd
HUL has more than 3500 distributors present in the country. According to the information received from the website, HUL’s turnover in the financial year 2021 – 2022 was more than Rs 50,000 crore. Let us tell you that the market capitalization (mCap) of HUL is Rs 6,20,632 crore. The share price of the company is Rs 2237 as of 06 May 2024.
HINDUSTAN UNILEVER LTD RETURNS
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If you are looking for the best stock to invest in 2024 then let us tell you that Hindustan Unilever is also the best option for you because it has fallen more than 10% in the last 1 year and it can make a comeback.
HINDUSTAN UNILEVER FUNDAMENTAL RATIOS
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MRF Ltd
The name of Indian tire company M. is quite famous. But, what is its full form? Answer- Madras Rabdi. Its headquarters is in Chennai, which was earlier named Madras.
MRF LTD RETURNS
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MRF FUNDAMENTAL RATIOS
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Please try to know as much as you can about these best stocks because we are not forcing you to invest in these stocks.
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Disclaimer
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
