Investing in stocks is a risky job and often people are confused about which stock to choose while they invest a sum. The market since the start of the year 2017 had been very strong with the Nifty registering a 35 percent growth. However, some of the players wiped out of in last 2 months. The index shed more than 10 percent in 2 months surrounded by consistent volatility.
This is expected to continue for a few months from now and therefore, people need to dig deep into the market to choose the right stock to invest in. Here we have a list of the top 6 Indian stocks that are preferably beneficial in long-term and also the ones that you should pick during trouble times.
1) GRAPHITE INDIA –
This company is basically concerned with the development, manufacturing and marketing of graphite electrodes, pipes and tanks, impervious graphite equipment and related components.
According to a report by ICICI Direct, reduction in graphite electrode exports from China has tilted the demand-supply dynamics in favour of domestic players such as Graphite India.
The company is expected to maintain healthy profitability going forward as prices of graphite electrodes are expected to remain high due to supply constraints amid strong demand. Thus, it is beneficial to invest in the company’s shares.
2) TITAN COMPANY –
Titan is a lifestyle goods company that has its existence in 32 countries. Its business segments include jewellery, accessories, and eyewear. Titan’s results for 2017-18 and the first quarter of 2018-19 beat analysts’ estimates.
According to the reports, growth in jewellery category will continue due to new store additions and customer acquisitions. Along with this, changing trend of buying jewellery for fashion instead of investment will be beneficial for the company. Jewwerly has always been a good source of investment and the company seems to be a beneficial place for the stock investment.
3) ENGINEERS INDIA –
The company is a market leader in the hydrocarbon segment, where it provides consultancy and turnkey solutions. Oil marketing companies (OMCs) have strong cash flow position and also these companies are stepping up capex, with potential capacity addition of 74mmtpa (134mmtpa including the West Coast Refinery) over the next 5-7 years, implying a capex of Rs 4.2 lakh crore.
As a preferred vendor for the OMCs, Engineers India will be a key beneficiary of the upcoming capex by the OMCs and thus, it might be beneficial for the people to invest in the company at trouble times. It has been anticipated the the company might have an opportunity worth Rs 16,000 crore for Engineers India for project management consultancy projects.
4) COCHIN SHIPYARD –
Cochin Shipyard (CSL) is one of the largest PSU shipyard companies in India. It has two docks located adjacent to Cochin Port in West Coast of India at present. The company has been profitable, as it has delivered a consistent performance with over 15 percent CAGR in PAT over FY12-17, which is commendable.
CSL’s current order book stands at Rs 18,740 crore (9x FY17 sales including L1 orders), which we believe will expand further and this proves to be a great reason why you should invest your amount in this company.
5) GALAXY SURFACTANTS –
Galaxy Surfactants is India’s largest manufacturer of vegetable oil (oleochemical)-based surfactants and specialty care products for the home care and personal care industries. It was established in 1986 and its products are used in consumer-centric formulations for skin care, oral care, hair care, cosmetics and detergents.
The company has emerged a global supplier to multi-national FMCG companies from being a local supplier to FMCG companies in India. This purely highlights its focus on technology and quality. Thus, it is believed that Galaxy can grow faster than the FMCG sector in India. Therefore, it is profitable to invest in the company’s shares.
6) ZYDUS WELLNESS –
The company is basically engaged in the development, production, marketing and distribution of health and wellness products. Its 2017-18, annual numbers were 5% above Bloomberg consensus estimates.
According to a report by Anand Rathi, the company’s revenue growth will continue to improve due to innovations, expansion in international markets, focused distribution expansion and greater investment in brand-building and therefore, it would be quite beneficial to invest in this company during depressions.