If you are a person who is looking to buy stocks as an investment and not trading, you should know about these stocks I looked at for long-term returns back in 2023. Since trading became digital there are several options to buy stocks for your investment. Sometimes, trading is a serious business — you need to watch the market continuously — but if you are buying for investment, all you need to do is buy and watch your investment grow over time.
Disclaimer: This reflects my own research and thinking from 2023, not current investment advice. Stock prices and company fundamentals change constantly — always do your own current research before investing in any stock mentioned here, and never invest based solely on an old article.
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.
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.
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.
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.
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.
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.
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.
