Top 10 stocks to look after in 2020

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Image source: Forbes

Stocks and shares are such powerful assets that can fuel up the speed of your wealth creation. Finding the right shares to put your money in, is the most crucial task of investing because if a well-planned investment can take you to the skies, then a careless investment can make you broke as well. Therefore, it is of utmost importance for the investors to be clear with their objectives and factors such as the availability of funds or period for which the funds are to be invested, all these will help to determine the suitable stocks which can be considered investing. 

Here is the list of some exceptionally performing shares which must be looked after if you’re planning to invest in 2020.

Reliance

Reliance Industries shares are the most preferred shares even though they are overvalued. The stock value of reliance shares has grown 73% from last year making it a suitable option for both long-term and short-term investment.

MRF

Madras Rubber Factory, established in 1946, is a mid-cap company operating in tyre manufacturing business. Its stocks are one of the most expensive stocks in the country. The range formation in the graph shows that shares are likely to follow uptrend in the coming period.

HDFC

The consistency in the growth of the company’s net sales and net profit is making its stocks a potential investment for the coming years. The company has shored up its contingency buffer (in these uncertain times) in Q4FY20 leading to over 150 basis points credit cost and earnings miss, despite steady core earnings. 

Infosys

The second-largest Information Technology firm, Infosys Ltd. is the most stable option for long-term investments. THE growing IT sector ensures the growth of the company in recent tenure. With a market cap of 3,15,724 crores, its EPS stood at 35% in the last 12 months, covering a higher possibility of growth prevailing conditions.

Bajaj Finserv

With a market capitalization of 1,21,261 crores, the stocks of the company have shown a commendable growth of 2000% in the last 10 years. The EPS for the last 12 months 192%. The capital adequacy ratio and other financial ratios related to NBFC are high above the expectation. The stocks of Bajaj Finserv are a good catch for both the short-term and long-term.

Asian Paints

Asian paints are India’s largest and Asia’s fourth-largest paint manufacturing company, continuously spreading its business in more than 65 countries. Even after carrying operations on such a large scale, the company is completely debt and all its funds are derived from equity. The company offered 22.5% returns on equity in the last 12 months.

Tata Consultancy Services

India’s largest Information Technology firm, is a large-cap company, with a growth rate of 22% in the last 10 years. TCS shares are a promising and most secured investment option for the short-term, as the company has announced a buyback of shares. The EPS is expected to rise.

Maruti Suzuki India Ltd.

One of India’s largest car manufacturing companies has although experienced a drop in its stocks due to the pandemic. But the company has revived its operations that can accelerate the profits of the company in the near years. Hence, this is the best time to invest in its shares to yield maximum earnings in the long-term.

Kotak Mahindra bank

Kotak Mahindra Bank is the third-largest bank in terms of market capitalization in India. The bank has served an EPS of 36.44% in the last 12 months. The new digital venture launched by the company is assuring an uptrend in the market values of the stocks. Along with being well-capitalized, the company is maintaining its NPA pretty well.

Wipro

Wipro Ltd. is an Indian multinational corporation functioning in IT, consultancy, and business process sectors. The stocks of the company are seeing upwinding patterns at a higher level, and it is expected to rise.

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