You may want to know which stocks to buy for long term. Investors advise long term stock investments to capitalise on compound growth. To fully understand and reap the advantages of long term investment, one must grasp the concept of the power of compounding.
Here is a detailed overview of the best stocks to buy today India for long term. Asia’s emerging markets, including India, provide promising opportunities for growth and profitability.
List of best Long Term Stocks to Buy in 2024
Here is a list of best stocks for long term investment:
- Tata Consultancy Services (TCS)
- Brightcom Group Ltd
- Bharat Electronics Ltd
- Triveni Turbine Ltd
- Vinati Organics Ltd
- ITC Limited
- Mazagon Docks
- Bajaj Finance
- ICICI Bank
- Titan Company Ltd
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Overview of Best Long Term Stocks to Invest in India
Tata Consultancy Services (TCS)
One of the top companies in the IT space, Tata Consultancy Services (TCS) emerged as the post-pandemic era’s hero and continues to be successful in the long run. TCS has produced impressive financial results. In rupee terms, the revenue increased by 7.9% YoY in Q2FY23.
The company is valued higher than its competitors, with a PE ratio of 28.6 times compared to the industry average of 27.4 times. TCS is appealing at a price given despite having a higher PE ratio since it has also produced industry-leading performance and returns for shareholders, justifying the premium.
Brightcom Group Ltd
Brightcom Group is the leading global provider of all-inclusive online or digital marketing services to direct marketers, marketing agencies and brand advertisers. In the first quarter of 2023–2024, Brightcom Group Ltd.’s net profit increased by 15.96% compared to the previous year’s, reaching ₹321.48Cr.
Bharat Electronics Ltd
BEL is termed as the leading player in the industry. The sector P/E ratio is 33.36, whereas Bharat Electronics’ TTM P/E ratio is 37.70. Regarding its previous closing price, Bharat Electronics is trading 1.93% higher at Rs 179.85. The trading range for Bharat Electronics has been between 181.15 and 175.25. Over the last five days, Bharat Electronics has contributed -3.55% and -4.13% of this year.
Triveni Turbine Ltd
TRIVENI TURBINE has strong foundations, making it a potential long term investment. Compared to the sector P/E of 25.89, Triveni Turbines has a TTM P/E ratio of 54.30. The projected annual growth rate for EPS is 20.7%. Return on equity is predicted to be 28.1% in 3 years.
Vinati Organics Ltd
Vinati Organics Limited (VOL) is the world’s biggest producer of IBB and ATBS, blending chemistry and innovation to provide value-added products to a diverse range of customers. Vinati Organics Ltd’s mid-year price objective might reach ₹1957.47, assuming favourable market circumstances and is expected to have an initial price target of ₹1964.17 by 2025.
ITC Limited
ITC generates around 40% of its revenue from cigarette sales and boasts the largest market share (more than 75% in India). While India is the world’s second-largest tobacco user, legal cigarettes account for only 8% of total tobacco consumption in India, compared to a global average of 90%, showing enormous potential for growth in the market.
The company’s efforts to generate the biggest revenues have been focused on its second-largest business, FMCG, which has also become its highest-growing category. ITC has a solid financial position, no debt, and an excellent internal cash accrual.
Mazagon Docks
Mazagon Dock Shipbuilders Ltd. produces warships, offshore platforms, submarines, and related support vessels for the Indian Navy and offshore oil drilling.
The mid-year price forecast for Mazagon Dock might reach ₹2157.28 in a bullish or favourable market. Considering these optimistic market trends, Mazagon Dock Shipbuilders Ltd’s price objective by the end of 2024 is anticipated to reach ₹2827.14.
Bajaj Finance
Bajaj Finance primarily engages in the consumer lending market and is one of the best stocks to buy for long term, providing loans to customers for their personal needs. Although the stock has always been expensive, the biggest opportunity for 2024 would be a dip towards 7500. A 22.4% return on equity is anticipated in the next three years.
ICICI Bank
ICICI Bank is a prominent private-sector bank in India. The bank had consolidated total assets of INR 19.6 lakh crore as of March 31, 2023. The bank runs 13,927 ATMs and 6,248 branches in India.
Revenue and profits growth for ICICI Bank is projected to increase by 1.4% and 7.2% annually, respectively. An annual growth of 7.1% is predicted for EPS, and a 17.3% return on equity is forecasted for the next three years.
Titan Company Ltd
Titan, which manufactures watches/accessories, jewellery, precision engineering, and eyewear, has established itself as a leader and earned the trust of consumers by producing high-quality, value-for-money products.
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Latest Performance of best Long Term Stocks to Buy in 2024
| Name of the Stock | Market cap(Cr.) | ROI (%) | Debt to Equity Ratio | ROCE (%) | PE Ratio (%) |
| Tata consultancy Services | 14,92,966 | 46.9 | 0.00 | 58.7 | 32.9 |
| Brightcom Group Ltd | 3,632 | 19.5831% | 0.00 | 30.9 | 2.56 |
| Bharat Electronics Ltd | 1,31,320 | 22.4272% | 0.0041 | 29.9 | 36.8 |
| Triveni Turbine Ltd | 13,867 | 26.9 | 0.00 | 28.7 | 55.9 |
| Vinati Organics Ltd | 16,864 | 22.64 | 0.0001 | 30.4 | 48.2 |
| ITC Limited | 5,10,146 | 31.8 | 0.4 | 30.0 | 24.9 |
| Mazagon Docks | 43,276 | 18.73 | 0.0018 | 38.2 | 28.7 |
| Bajaj Finance | 4,07,098 | 18.41 | 3.14 | 11.8 | 29.5 |
| ICICI Bank | 7,18,903 | 7.65 | 0.82 | 6.32 | 16.9 |
| Titan Company Ltd. | 3,28,263 | 33.56 | 0.63 | 25.1 | 93.2 |
Benefits of Long Term Investments Stocks
Compounding power
One of the most remarkable advantages of a long term investment is the power of compounding. It allows you to generate higher profits the longer you stay invested.
Low risk
You can withstand the short-term highs and lows of the market with the support of long term investment stocks. It gives your money sufficient time to develop and generate profits without being limited by periodic changes. Your assets will likely recover over time, even if they temporarily decline, and money has more room to grow over a longer term.
Low monitoring
Investing in long term equities allows you to relax and not worry about sudden drops in value. As long term equities require time to appreciate, it is advised to avoid making minor modifications.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
How to pick stocks for long term?
There is a significant level of risk associated with investing in the financial markets. It might be difficult to determine which stocks would yield long term gains thus you must know how to pick stocks for long term. Consider the following:
- Sell shrinking stocks
- Examine a venture’s USP.
- Consider the future and choose your strategy.
Conclusion
Now that you know the best long term stocks India and how long term holding of stocks tends to be less expensive and can help you ride the market’s highs and lows while also saving you money on taxes, create your free Demat account with SMC Global Securities and start your trading journey today with our analysis of best stocks to buy today for long term.
