Top 10 Stocks To Invest In For Good Returns

May 2018 was an important month for the stock market.

The companies released their financial results and shareholders know where their investment stands currently. With only half year remaining before we welcome 2019, here are top 10 stocks you could consider investing in for now.

1. HDFC Bank

The share price of HDFC Bank is quite premium at around Rs1800-2000, but it has been one of the most consistent performers on the stock market in the last decade. It has managed to retain a sustainable high growth of 20-25% in operating and net profits. The fact that it is the largest bank in India in terms of market cap only adds to its premium stock value.

2. Sun Pharma

This Indian multinational pharmaceutical company has just recorded a 3-month high since March. As the US Food and Drug Administration supply restrictions lifted restrictions on its Halol plant, the Sun Pharma share price gained as much as 3.8 per cent to Rs 560.95 as on June 13. 2018. It is worth holding for long-term investment.

3. State Bank of India (SBI)

While NPA and lower credit rating has affected SBI’s share prices, the fact that it is providing consistent returns and its share prices are affordable, makes it a great buy for 2018. Moreover, it is the best performing stock among PSU banks.

4. Eicher Motors

In the last decade, Eicher Motors has given around 8200% return on its share price which rose from Rs367 in 2007 to Rs30,210 in 2017. Of course, it is one of the most expensive shares in India but if you can afford it, then go for it!

5. Motherson Sumi Systems Ltd.

The auto components maker Motherson Sumi Systems is expected to grow at 22-25% in the next three years. It registered 7.32% increase in consolidated net profit to Rs757.50 crore for Q4 (Jan-March’18).

6. Asian Paints

In between 2007 and 2017, Asian Paints gave returns of 1554% as against the industry average of 1382%. Currently, its share price hovers in the range of Rs1200-1300, which makes it a good buy.

7. Mahindra & Mahindra (M&M)

M&M promises a bright future for itself with its cutting-edge investment in electric vehicles and its components much ahead of competition. The fact that it is doing well in light commercial vehicles, passenger vehicles, buses and three wheeler segments also adds to its stability.

8. ITC

The FMCG and hotel brand ITC has posted a net profit of Rs29.33 billion in line with estimated figures for Q4FY18. While ITC stock hasn’t soared significantly in the last two years, it is still one of the most valuable shares to buy at affordable price.

9. NBCC

The blue-chip Navratna Government of India Navratna Enterprise under the Ministry of Urban Development gets 80% of project management consultancy works on a nomination basis, of which only 20% is bagged through competitive bidding. Its strong order book and growth visibility for the next five years makes it a good buy.

10. LIC Housing Finance

Currently trading above Rs450, LIC housing finance share is expected to hit Rs800. The market pundits are bullish about its performance.

The above-mentioned stocks should be on your list for 2018.

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