This is not an investment advice, this is just for educational purpose. please do your due diligence before buying or selling
Table of Contents
While looking for the Best Stocks to Buy in India with fundamentals and qualitative aspects like management quality and efficiency, the financials have to be viewed from a long term investment perspective. Long term is usually more than 5 years for investors.
This blog has compiled a list of the best Long Term Investment Stocks In India for 2023.
Here is a list of the best share to buy for long term.
| S.No. | Company | Industry |
| 1. | Reliance Industries | Multinational Conglomerate |
| 2. | Tata Consultancy Services (TCS) | Information Technology |
| 3. | Infosys | Information Technology |
| 4. | HDFC Bank | Banking |
| 5. | Hindustan Unilever | FMCG |
Best Stocks to Buy in India
Reliance Industries
As of today, November 28, 2023, the analyst rating for Reliance Industries is overwhelmingly positive. According to a consensus of 34 analysts, 65% recommend buying the stock, while 24% recommend holding it and only 6% recommend selling it. The average target price for the stock is INR 2,770.06, which represents an upside of 15.71% from the last close price of INR 2,393.90.
Here is a breakdown of the analyst ratings for Reliance Industries:
- Buy: 65%
- Hold: 24%
- Sell: 6%
The strong buy recommendation for Reliance Industries is driven by a number of factors, including the company’s strong financial performance, its dominant position in the Indian energy market, and its promising growth prospects in the petrochemicals and retail sectors.
- Strong financial performance: Reliance Industries has a track record of strong financial performance, with healthy revenue growth, profitability, and cash flow generation.
- Dominant position in the Indian energy market: Reliance Industries is the largest private sector player in the Indian energy market, with a strong presence in refining, petrochemicals, and gas exploration and production.
- Promising growth prospects: Reliance Industries is expected to benefit from strong growth in the Indian economy, as well as its own expansion plans in the petrochemicals and retail sectors.
Overall, the analyst consensus is positive for Reliance Industries, with a strong buy recommendation and an average target price that represents a significant upside from the current stock price.
Tata Consultancy Services (TCS)
As of today, November 28, 2023, the analyst rating for Tata Consultancy Services (TCS) is predominantly positive. According to a consensus of 40 analysts, 35% recommend buying the stock, while 25% recommend holding it, 8% recommend underperforming, and 2% recommend selling it. The average target price for the stock is INR 4,229.90, which represents an upside of 10.38% from the last close price of INR 3,829.00.
Here is a breakdown of the analyst ratings for TCS:
- Buy: 35%
- Hold: 25%
- Underperform: 8%
- Sell: 2%
The positive analyst sentiment for TCS is driven by a number of factors, including the company’s strong financial performance, its leadership position in the Indian IT industry, and its promising growth prospects in the digital transformation and cloud computing domains.
Infosys
As of today, November 28, 2023, the analyst rating for Infosys Ltd. (INFY) is predominantly positive. According to a consensus of 37 analysts, 32% recommend buying the stock, while 38% recommend holding it, 16% recommend underperforming, and 5% recommend selling it. The average target price for the stock is $18.06, which represents an upside of 3.83% from the current stock price of $17.47.
Here is a breakdown of the analyst ratings for Infosys:
- Buy: 32%
- Hold: 38%
- Underperform: 16%
- Sell: 5%
The positive analyst sentiment for Infosys is driven by a number of factors, including the company’s strong financial performance, its leadership position in the Indian IT industry, and its promising growth prospects in the digital transformation and cloud computing domains.
Here are some of the key factors that analysts are considering when recommending Infosys:
- Strong financial performance: Infosys has a consistent track record of strong financial performance, with healthy revenue growth, profitability, and cash flow generation.
- Leadership position in the Indian IT industry: Infosys is one of the largest IT services companies in India, with a strong presence across various industries and geographies.
- Promising growth prospects: Infosys is expected to benefit from growing demand for IT services, particularly in the areas of digital transformation and cloud computing.
HDFC Bank
As of today, November 28, 2023, the analyst rating for HDFC Bank is overwhelmingly positive. According to a consensus of 42 analysts, 80% recommend buying the stock, while 15% recommend holding it, and only 5% recommend selling it. The average target price for the stock is INR 1,930.77, which represents an upside of 13.43% from the last close price of INR 1,705.20.
Here is a breakdown of the analyst ratings for HDFC Bank:
- Buy: 80%
- Hold: 15%
- Sell: 5%
The strong buy recommendation for HDFC Bank is driven by a number of factors, including the company’s strong financial performance, its dominant position in the Indian banking sector, and its promising growth prospects in the retail banking and digital banking domains.
Here are some of the key factors that analysts are considering when recommending HDFC Bank:
- Strong financial performance: HDFC Bank has a track record of strong financial performance, with healthy revenue growth, profitability, and asset quality.
- Dominant position in the Indian banking sector: HDFC Bank is the largest private sector bank in India, with a strong presence across various geographies and customer segments.
- Promising growth prospects: HDFC Bank is expected to benefit from strong growth in the Indian economy, as well as its own expansion plans in the retail banking and digital banking sectors.
Hindustan Unilever
As of today, November 28, 2023, the analyst rating for Hindustan Unilever Ltd. (Hindustan Unilever) is predominantly positive. According to a consensus of 33 analysts, 61% recommend buying the stock, while 30% recommend holding it, and 9% recommend selling it. The average target price for the stock is INR 2,847.45, which represents an upside of 13.21% from the last close price of INR 2,515.20.
Here is a breakdown of the analyst ratings for Hindustan Unilever:
- Buy: 61%
- Hold: 30%
- Sell: 9%
The positive analyst sentiment for Hindustan Unilever is driven by a number of factors, including the company’s strong financial performance, its dominant position in the Indian consumer goods market, and its promising growth prospects in the emerging markets.
Here are some of the key factors that analysts are considering when recommending Hindustan Unilever:
- Strong financial performance: Hindustan Unilever has a consistent track record of strong financial performance, with healthy revenue growth, profitability, and cash flow generation.
- Dominant position in the Indian consumer goods market: Hindustan Unilever is the largest consumer goods company in India, with a strong presence across various product categories, including personal care, home care, and food.
- Promising growth prospects: Hindustan Unilever is expected to benefit from growing demand for consumer goods in emerging markets, as well as its own expansion plans in the digital commerce and sustainability initiatives.
Benefits of long term investment
- Long-term wealth creation: The Indian economy has grown at a rapid pace over the past few decades, and this growth is expected to continue in the coming years. This means that long-term investors in Indian stocks can expect to see their wealth grow significantly over time.
- Compounding: Compounding is the process of earning interest on your interest, and it is one of the most powerful tools for long-term wealth creation. When you invest in stocks, you are essentially earning a return on your investment. This return can be reinvested to earn even more returns, and this process can continue over time, leading to exponential growth.
- Dividend income: Many Indian companies pay dividends to their shareholders. Dividends are a portion of the company’s profits that are distributed to shareholders. Dividends can provide a valuable stream of income, especially for retirees.
- Inflation protection: Over time, inflation erodes the purchasing power of money. This means that the things you can buy with a dollar today will cost more in the future. Investing in stocks can help to protect your purchasing power from inflation.
- Diversification: The Indian stock market is one of the most diverse in the world. This means that it is less risky than investing in a single stock or a small number of stocks. Diversification can help to reduce your risk and improve your chances of achieving your long-term investment goals.
for more such articles visit https://infothere.com/