Best stocks to buy for 2023 in India for long term

Best stocks to buy for 2023 in india for long term

In my opinion below shares are the next multi baggers in Indian stock market.

1.IRCTC :

This stock is must for every portfolio. This company is having the monopoly in railways catering business and growing rapidly. Also, it is known that railway is the biggest network of world, so it’s easier to judge how much this stock can give in long term.

2.ITC:

The leader in FMCG sector and biggest cigarette manufacturer plus various brands like aashirvaad. The only competitor of this is Hindustan Unilever. The dividend payout of this company is also very good which makes this company a good portfolio share.

3.Patanjali (aka Ruchi Soya):

After taken over by Patanjali this has already given a return 3000% and still a good buy here.

4.SBI CARDS:

Biggest in the term of market share and can give 10x return if hold for at least 10 years.

5.Ujjivan SFB:

A small finance bank and a penny stock which has the capability of giving 10x return in next 10 years. The FII holdings has been increased from last quarter. You can consider IDFC first bank also.

6.Reliance:

Market leader, largest company by market share, mCap > 10lakh crore. What more you want. This is a stock which need to save for your next future generations. Instead of gold buy this, your future generation will be thankful to you.

7.Infosys:

Second Indian IT company by market share. Best dividend distribution. Growing at very good rate and as you all know future lies in technology.

8.IndusInd bank:

Currently trading at 1206, a very low price to get this stock. This bank has the partnership with Paytm and Japan’s Nippon, both companies are market leader in their own field. With this it has very low NPA which makes this stock a good long-term hold and can give 10x return.

9.Birla Tyre:

Stock listed in February 2020 and still a penny stock.  This is the share that has the capability of giving 100x return. Many investors compare this stock with MRF (search the price of MRF).

10.Tata motors:

Due to poor sales and economic slowdown this auto stock has been beaten down heavily but in long term it can give a handsome return if hold foe max 10 years.

11.Ashok Leyland:

Another auto share that can be multi bagger in coming next 10 years.

12.Larsen & Toubro:

Just check the future construction project of India, this company is having the most contract. So, if India grows this will grow can be a good hold for next 10 years.

13.Dmart:

The Walmart of India. This share has huge potential to be a multi bagger in next 10 years.

14.HDFC:

Nothing to mention about this. This is the company which has Chinese investment and can be multi bagger in next 10 years.

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