Top 10 Shares to Invest in India: Corona outbreak in 2019 had a multifarious devastating effect on the world. The outbreak turned into a pandemic, and it is worsening every day since its inception. It has brought a global economic meltdown and has affected every person financially and emotionally. Physical harm is dreadful and painful. The entire world is struggling this time. The Indian stock market has improved in the financial year starting April 2021, contrary to March 2020. If you want to invest in the stock market, we bring you the list of the top ten shares to invest in the year 2021.
Top 10 Shares to Invest in India | Investment Basis of Market
Larsen & Toubro
Larsen & Toubro is an infrastructure-based company, and it has a promising future ahead. The government plan for many infrastructure proposals in the budget this year, making the sector more appealing to investors. Moreover, the company has delivered a consistent performance having 14% ROEs. So if you are planning to invest your savings, Larsen & Toubro is a good venture to invest in for the long term.
The covid-19 pandemic has soared high the demand for medicines and other pharmaceutical products. This has lead to improvements in the pharma sector’s financial performance. The shares of pharma companies bear great potential for growth in the future. Dr. Reddy’s is a reputed brand name among pharma companies that has a national and international presence. Therefore, you can think about investing in Dr. Reddy’s share for the long term.
Lal Path Lab
It has been a trusted name for pathological testing over the decades. A sharp increase in corona testing has a significant effect on the revenues of the lab. Covid-19 testing has been continuously increased, which soared the demand for diagnostic facility resulting in generations of cashflows. Dr.Lal Path Lab is another emerging company from the health care industry, wherein you can smartly invest your money through buying shares for the long run basis to yield higher benefits.
It is clear so far that investing in shares of a pharma company will yield you better returns in the future. The major reason for this is the corona pandemic. This is not the desired situation, but this havoc has bloomed the future of the pharma sector. Pharma companies are working hard to control the corona monster. Another name that is added to our list for the top 10 shares is Vinati Organics. You can rely on this company as it has ROCEs of above 35% in the last decade, along with compounded annual growth rate of 24%.
Pidilite is a very well-known brand name among Indian households; all credit goes to fevicol. Fevicol is one of the useful products of the company. It is an adhesive solution. It is needed everywhere, from school projects to fixing things at home; to industrial usage. The basic usage of the product has made the company from the chemical sector booming. The company has good fortune in the coming years, and it also has a good brand name. So you can think about investing in Pidilite.
HUL is a known brand mainly in the FMCG industry. The company is ever-growing at a fast rate. It has a compound profit growth rate of 13% for the last ten years. It has 24% stock price CAGR over the last ten years, 86% return on equity. So, it makes the company a good name to invest with through shares for long-term benefits.
Kotak Mahindra Bank
Another major promising industry to invest in shares for the long term in 2021 is the banking industry. It holds the importance of a country’s economy. Therefore, its essential nature makes it a thriving industry. So another name that makes it to our list is Kotak Mahindra Bank. The bank has a consistent compounded annual growth rate of more than 20% in its profits for the last ten years. Kotak is a trusted brand name to think about it and invest your money in shares for high return in the long run.
Another name that makes it to our list is HDFC. It is well known for its reliable services and customer support. It a trusted name on which you can depend to buy shares and invest your money for high returns. Be smart and make a wise choice to invest your money into the stock market.
LIC Life Insurance
The life insurance industry is another promising industry, wherein you can invest your money by buying shares. Due to the surge in corona cases, it has become imperative for everyone to get their life cover on financial terms. Life insurance is an idle product to provide financial protection to your family. LIC life insurance is the most trusted name in the insurance industry. Hence, you can invest in its shares through the stock market in the year 2021.
Everyone is well aware of the significant growth of reliance industries. It needs no introduction as it is the most trusted and reliable brand name. Its ever-increasing growth tells its own story, so you can trust it and buy shares of it to invest your money in a good company.
Final Thoughts (Top 10 Shares to Invest in India)
This list brings you an ideal top 10 list where you can invest in shares for the long term in the year 2021. It gives you a brief idea about the considerations you must check before buying shares, like the company’s brand name, growth rate, profits, debts, etc. There are many booming industries such as FMCG, transportation, beauty, and pharma where you can invest to reap benefits on a long-term basis. It is advised to take expert help before investing in shares, as share prices fluctuate according to the market trends, and they are subject to market risks. So, act wisely, take expert opinion, do thorough research, and select the company carefully before investing in the shares of any company. It is strongly advised to take recommendations from your financial advisors before investing in shares or the stock market to avoid any loss in the future.