Top 10 Stocks to buy in 2024
Experts Suggestion to buy top 10 best stocks in 2024, buy best stocks 2024
Top 10 Stocks to buy: Investors are always in search of good stocks or companies which are in news for positive reasons to buy in. The companies having good financials and good reputation in the market, generally provide good returns if any positive news is to come in near days. We have brought the top 10 stocks to buy in 2024. The market has shown steep movement in 2023 and not many investors got a chance till now to increase their wealth. Let’s see the list of top 10 stocks to follow in 2024.
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ACC – ACC Limited,
The company is in news after Adani group has announced acquisition of ACC Ltd and Ambuja Cement. The group after acquisition has become the second largest cement player in India. After acquisition, ACC has shown upward movement and steady growth in stock. The stock is still having potential to move further up to 4000/- per share. Hence investors may invest in this stock for good return.
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Ambuja Cements: Ambuja Cements Limited (Top 10 Stocks to buy 2024 List)
This company is also acquired by Adani Group along with ACC. After the deal the cement stock has shown movement in green figures and still has the potential to move up to a price of Rs. 730/- per share. The stock is trading with high volume and has grown by 85 points within last 5 trading sessions. Investors can invest in the stock and expect high returns.
HDFC Life: HDFC Life Insurance,
Next stock under Top 10 Stocks to invest is NCLT (National Company Law Tribunal) has approved the merger of Exide Life Insurance with HDFC Life Insurance. HDFC life has acquired 100% stake in Exide Life Insurance from the parent company Exide Industries at issue price of 685 and a cash payout of Rs. 726 Cr. The aggregated amount is Rs. 6,687 Cr. The Stock can move further up to Rs. 685/- per share in 2024.
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Adani Power: Adani Power Ltd
Adani group has clearly shown its strategy to grow by acquiring the competitors and investing in high potential sectors like energy and cement. But On Saturday Adani promoter entity Adani Properties has stated that is has withdrawn the proposal to a delist company stock exchange has not given necessary approval. The statement has worked positively in favor of Adani power and stock has shown positive growth. The stock is a Strong Performer with consistent financial performance, quality management. Investors can expect further movement and see levels till 487 per share.
Hero MotoCorp: Hero MotoCorp Limited, formerly Hero Honda
The company is the largest two-wheeler making company in India and started production of electric vehicles. It will launch its first model next month in the Indian market under its Vida brand. The two-wheeler major has issued invites to its dealers, investors and global distributors for the event held in Jaipur, Rajasthan on 07 October 2022. We can expect the levels of Rs. 3240/- per share in this stock.
Maruti Suzuki: Maruti Suzuki India Limited (Top 10 Stocks to buy 2024 List)
The company is known as a best seller of cars and commercial vehicles in India. The company has also improved and is trying to match international safety standards in its vehicles. In order to ensure the same the company has recalled its commercial vehicle lot of Super Carry model.
The recall is being undertaken for inspection and torquing of a bolt attached to the seat belt buckle bracket of the co-driver seat. The company has good prospects and is evolving and expanding its manufacturing ability continuously. We can expect the stock to move upward till 10125 levels.
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ONGC: Oil and Natural Gas Corporation
On Friday, the government of India has lowered the windfall tax on the sale of domestic crude oil by 21% to 10,500 a tonne in line with the reduction in global oil prices seen in the last fortnight as per official order. The Stock has strong growth potential and may move upward till the levels of 290 per share. This share is one of the best pick in Top 10 Stocks to buy 2024 list.
REC: REC Limited, formerly Rural Electrification Corporation Limited
The company may get the status of a development finance institution (DFI) which will enable it to manage global funding. REC Group is an international pioneering solar energy company dedicated to empowering homeowners, businesses, and utilities with clean, affordable solar power. The company is a Public Sector Undertaking and finances and promotes power projects across India. Investors can see levels of 240/- per share in the near future.
SBI: State Bank of India (Top 10 Stocks to invest List)
We have seen steady and strong growth in the banking industry. The industry leader SBI has acquired 14% stake in SBI Global Factors ltd from other stakeholders. The strong financials of SBI has high potential to move the stock further up to the levels of 800 per share. Many financial advisors are bullish on the stock and recommended to hold the stock for good return.
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Yes Bank:
Last but not least, Yes Bank under the corporate insolvency process has been extinguished following the debt resolution in Jhabua Power. Yes Bank had acquired 12,63,50,146 equity shares which is 8.74 per cent of the share capital of Jhabua Power pursuant to invocation of pledge. The statement will have an impact on the share which can move it to levels of Rs. 25.40 per share. This is last but not the lease in Top 10 Stocks to buy 2024 list.
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