Investing in the stock market can be a rewarding way to build wealth over time, but choosing the right stocks is crucial for success. In this blog post, we will highlight some of the best stocks to buy for potential growth and stability. Whether you are a seasoned investor or just starting out, these top picks offer opportunities for long-term value appreciation and financial security.
Best Stocks to Buy Now!
| STOCK | TRADE PRICE | SL | TARGET 1 | TARGET 2 |
|---|---|---|---|---|
| MOTHERSON | 199 | 191 | 207 | 215 |
| SURYAROSNI | 625 | 593 | 657 | 688 |
| MARATHON | 583 | 560 | 607 | 630 |
| TCS | 3934 | 3835 | 4035 | 4130 |
| VBL | 1640 | 1590 | 1690 | 1730 |
MOTHERSON
Current Price: ₹192.06
Recent Performance:
- Hit a 52-week high recently.
- Price increased by 16.8% over the past year, though it underperformed its sector by 19.7%.
Financial Highlights:
- Net Profit: ₹1,444 crore in Q4 FY 2024, doubling from the previous year.
- Total Operating Revenue: ₹7,355 crore for the year ended March 2023.
- Current Assets: ₹40,272 crore as of March 2024, up from ₹26,779 crore the previous year.
SURYAROSNI
Current Price: ₹618.90 (as of June 24, 2024)
Recent Performance:
- 1-Year Increase: 48.37% (NSE), 47.78% (BSE).
- 3-Month Increase: 22.92% (NSE).
- 6-Month Increase: 6.96% (NSE).
Financial Highlights (FY 2024):
- Total Revenue: ₹7,809.27 crore.
- Net Income: ₹329.16 crore.
- Earnings Per Share (EPS): ₹30.22 (TTM).
Marathon Petroleum Corporation (MPC)
Current Price: $174.24 (as of June 2024)
Recent Performance:
- Q1 2024 Earnings: Reported EPS of $2.58, beating the consensus estimate of $2.53.
- Revenue: $32.71 billion for Q1 2024.
- Dividend: Quarterly dividend of $0.82 per share, annual yield of 1.89%.
Financial Health:
- Cash Position: Over $7 billion.
- Utilization: Plans to run refining system near full capacity during peak seasons.
TCS
Current Price: Approximately ₹3862.15
Recent Performance:
- Revenue Growth: TCS is projected to achieve 8.8% year-over-year revenue growth in FY25, outperforming peers expected to grow between 3.6% and 8.2%.
- Deals and Contracts: Significant deals, such as the one with BSNL, are expected to contribute notably to revenue growth, alongside expansions with clients like NEST, JLR, and Aviva.
Financial Health:
- Profitability: Strong financial performance with robust profit margins and steady revenue streams from long-term contracts.
- Dividends: Consistent dividend payouts, reflecting strong cash flow and a commitment to returning value to shareholders.
VBL
Current Price: ₹1650 (as of June 2024)
Recent Performance:
- Q1 2024 Revenue: ₹4,317.31 crore, up 10.9% year-over-year.
- Net Profit: ₹5.37 billion for Q1 2024, compared to ₹4.29 billion in the same period last year.
Financial Health:
- Strong Revenue Growth: Supported by significant deals and expansions.
- Dividends: Consistent dividends with a history of regular payouts.
Why you should invest in stock market?
Investing in the stock market can be a powerful way to grow your wealth over time. Here are some compelling reasons to consider:
- Competitive Returns: Historically, stocks have provided impressive long-term results. For instance, the Standard & Poor’s 500 Index delivered an average annual return of over 11% between 1928 and 2016.
- Overcoming Inflation: Stocks can help investors combat inflation. Their potential gains often outpace inflation rates, preserving purchasing power.
- Widespread Information: There’s a wealth of information available about the stock market. This knowledge can empower individual investors to make informed decisions.
- A Wealth of Investment Vehicles: Beyond individual stocks, you can explore index funds, which track market indices like the S&P 500. These funds offer diversification and lower costs.
- Low-Cost Investing Options: Robo-advisors have gained popularity. They invest on your behalf in diversified portfolios based on your risk tolerance and goals.
Conclusion
Investing in the best stocks can help you build a diversified portfolio, capture growth opportunities, and secure your financial future. Consider adding top picks like Amazon, Microsoft, Johnson & Johnson, and Visa to your investment portfolio for a mix of growth potential and stability. Remember to conduct thorough research, stay informed about market trends, and seek advice from financial professionals to make informed investment decisions.