5 Stocks to Consider Investing In 2019
The share market is known for generating wealth in the long run. It is very important to select the right stocks for investment because one wrong pick can dent the returns of your portfolio. If you are wondering how to invest in share market, we have made this job easy for you with our list of 5 stocks that you can consider for investment in 2019.
HDFC Bank is a leader in the banking industry. Since its IPO, HDFC Bank has shown a compounded annual growth rate of more than 30%. It has been the top pick of the investors during bull or bear market. Many of the top mutual fund schemes in India hold the shares of this bank.
HDFC Bank is the leading private sector bank of the country. Going forward it is expected that the private sector banks will grab more share of public sector banks. In the future, it will further expand its customer base and grow its profits.
The best example of this bank’s strength can be seen from the fact that most of the private sector banks and NBFCs have burnt their hands in IL&FS debacle but HDFC Bank remained strong even in such volatile times. This makes HDFC Bank a preferred bet and must have stock in the portfolio.
Maruti Suzuki India Limited
Maruti Suzuki is the undisputed leader in the automobile space in India. The company has more than 50% of the market share in the four-wheeler vehicle segment.
The company is planning to enter the electric vehicle market which is considered as the future of the automobile sector. Suzuki motors of Japan is its parent company which makes easy for Maruti to have access to technological advancements.
The company's major client is the middle-class people of India and it is slowly gaining more market share in the rural space too. Therefore, it is a prudent decision to consider and add this stock to your portfolio.
Biocon functions in the healthcare industry and is one of the largest biologics company in India. The company has given incredible returns to the investors over a period of years. The company functions in contract research, contract manufacturing and branded domestic formulation.
Many of the biologics drugs filed by the company have got the approval status. Going ahead the company is expected to grow at a much higher rate than the global pharma market.
Over a period of years, Biocon has developed a niche market for itself and it becomes a must-have stock in the portfolio for the long run.
Meghmani Organics Limited
India is the leading chemical producer in the world. Meghmani Organics is one of the largest producers of pigment in India which produces agrochemicals and basic chemicals. The company has grown at a rate of 17% in the previous 3 years.
The company not only caters to the clients in the domestic market but also serves in the international market. The specialty chemical sector is very well supported by factors such as growing economy, urbanization and adoption of modern techniques. Going ahead, the company is expected to grow at a much rapid rate and the stock can be asset to your portfolio.
Larsen and Toubro Limited
Larsen and Toubro limited functions in the construction and infrastructure sector. The strong performance of the stock over the years can be seen from the fact that the stock has given more returns than the Nifty infrastructure index.
Currently, the industry is going through a rough phase and in spite of that, the performance of L&T is beyond expectations. The order book of the company is strong and it serves many of the government projects too.
Going ahead infrastructure will play a major role in the growth of the country and a company like L&T should be a part of your portfolio.
Buying stocks of good companies in the share market is always a good idea to create wealth in the long run.
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