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Top 6 stocks to buy in India

Top 6 stocks to buy in India

February 27, 2023

If you are a person who is looking to buy stocks as a investment and not trading , you should know about these top 6 stocks where you can invest for some long term returns. Since the trading became digital there are several options to buy stocks for your investment. Some times , trading is a serious business, you need to watch the market continously , but if you are buying for investment , all you need to do is buy and watch your investment growing.

Save and invest is the only mantra which will grow your wealth. Buying stocks is the easiest investment you can do with a little money. All you need a DMAT account and money as less as Rs 500. If you are not a fan of trading , you should start accumulating these top 6 stocks for your investment. All these companies are worth of investment and dividend generating companies, which makes money when you sleep.

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1. Power Finance Corporation LTD

It is leading PSU which provides non banking fund and finance to our power sector . They provide large term loan for power development , equipment lease financing and consultancy for various power projects in India. All state and national power companies do business with PFC LTD. Since its a growing sector it has a potential for systematic growth.

2. Banco Products LTD

Banco Products is the leading supplier of engine cooling component and engine gaskets to the automotive industry. It supplies to all major OEM in India like TATA, Ashok Leyland, Mahindra and Maruti Udayog. Automobile industry is a growth oriented sector and all vehicles need a cooling system even if it runs on battery.

3. Rail Vikas Nigam Limited

It is completely Government owned enterprises under the Ministry of Railways to carry out project developments and infrastructure support to the railways. The company works on turnkey basis all over India with railways. All the institutional building and workshops for the railways are built and commissioned by the RVNL.

4. Indian Oil Corporation.

It is one of the flagship company in India which has diverse business in petroleum products and hydrocarbons. The company operates huge refineries and generate a multi billion dollar business through the year with domestic and international clients . It is a promising company which has a tremendous growth future.

5. ONGC

Oil and natural gas corporation is the largest natural and crude oil company contributing 75% of India’s domestic needs. Its supplies the raw material to make all petroleum products like petrol, diesel , kerosene and grease. It has various business establishment internationally in the energy industry. One of the PSU with strong finance and cash reserve.

6. REC LTD

Rural Electrification Corporation is another PSU energy company which comes under the ministry of power . Engaged in providing all support in the electrification projects through out India . A constant dividend paying firm.

Starting an investment as small Rs 100 will make a difference in your future . Open a trading account and start accumulating your asset.

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