Best Stock To Buy For Long-Term Investing In 2024

BEST STOCK TO BUY FOR LONG TERM INVESTING IN 2024

Best Stock To Buy For Long-Term Investing In 2024 

Choosing the best stock for long term investment depends on various factor, such as your risk appetite, investment goals, and preference. However, some common criteria that can help you select long term stock are: 

• The company has a strong competitive advantage and a sustainable business model.
• The company has consistent and growing earnings and cash flows.
• The company has a reasonable valuation and pays dividends.
• The company operates in a growing or stable industry with favorable trends.

   

Based on these criteria, some of the stocks that have been recommended by various sources for long-term investment in 2024 are:

 

HDFC Bank Ltd. (HDFCBANK):  A leading private bank in India, HDFC Bank offers a wide range of banking and financial services to various segment of customers. HDFC Bank has a loyal customer base, a strong brand image, and a convenient network of branches and ATMs. it also has a robust digital platform, which has seen a surge in demand amid the pandemic. It has market cap of over 11lakh crore and a profit growth of 18.6% in last three years. It also pays a stable dividend of 0.49%.  

Hindustan Unilever Ltd.   India largest FMCG company with a portfolio of iconic brands and product in categories such as personal care, household care, food, and beverages.  It has a market cap of over 5 lakh crore and a profit growth of 11.9% in last three years. It also pay a regular dividend of 1.15%. 

ITC Ltd.  ITC is the largest cigarette manufacturer and seller in company in India and operates in five business segments. FMCG cigarette, FMCG other, hotel, paperboards, paper and packaging, and Agri - business. the company have undertaken several sustainability initiatives, including forestry conservation, renewable energy adopting and circular economy initiatives. It has a market cap of over 5 lakh crore and a profit growth of 31.8% in last three years.

 

TATA MOTERS:  Tata Motors has a range of electric vehicles (EVs) available in india. Some of the (EVs) offered by Tata Moters are Nexon.ev, Punch.ev, Altroz.ev . These upcoming ev promises to deliver the latest electric vehicle technology, extended ranges, and innovative features, creating to diverse consumer needs. It has a market cap of over 2
 lakh crore and profit growth of 59.79%. in last three years.  

APSEZ Ltd.  Adani Ports And Special Economic Zone Limited is india,s largest private port operator with a network of 13 ports and terminal. APSEZ offers a portfolio of bulk and break-bulk container, LPG/ LNG and crude oil survives across 10 strategically located ports and terminal. Some of the ports operated by APSEZ are: Mundra Port, Hazira Ports, Dahej Ports, Marmagao Terminal.  It has a market cap over 2.54 lakh crore and profit growth of 32.93% in last three years.  

These are some of the best long-term stocks to buy in India for 2024, You should do your own research and analysis before investing in any stocks, As the market condition and the performance of the companies may changes over time. 

Happy Investing.