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Best Indian Stocks For the Next 10 Years

Sensex and Nifty both have witnessed a growth of over 10% this year so far and are expected to continue this rally. 

Despite the volatility that comes with being an emerging economy, India has certain sectors such as IT, banking, FMCG, and others that have shown promising growth potential. 

In this article, we will discuss the best Indian stocks to buy for the next 10 years which are expected to grow significantly in the coming decade.

Top 10 Indian Stocks for the Next 10 Years

The list below includes the best Indian stocks for the next 10 years. By no means is this list definitive but includes companies with solid fundamentals and past track records. 

1. Reliance Industries Limited (RIL)

Reliance Industries Limited (RIL) is famous for its retail and digital services. Their other activities include hydrocarbon exploration and production, petroleum refining, producing advanced materials, composites, and renewables.

Reliance Industries was incorporated in 1973. It has gained the honor of being India’s largest electronics retailer with over 200 brands and 5000 products. Reliance is on track to complete the 5G and launch Jio AirFiber on 19th September this year.

  • Share Price: Rs.2,410.30
  • Market Cap: Rs. 16,20,080.00 Cr

2. Tata Consultancy Services (TCS)

Tata Consultancy Services, established in 1995, is an IT company that provides information technology (IT) services, consulting, and business solutions.

TCS won six Asia-Pacific Stevie Awards. TCS, with its services offered in over 40 countries across the globe, is one of the top 10 IT companies in the world. TCS also achieved six Microsoft Partner designations with five 2023 Microsoft Partner of the Year Awards.

  • Share Price: Rs. 3,510.70
  • Market Cap: Rs. 12,69,860.00 Cr

3. Infosys (INFY)

Infosys is an IT company that provides consulting, technology, outsourcing, and digital services. Its other services are Financial, Retail, Communication, Energy, Utilities, Manufacturing, and other Resources and Services.

Infosys was founded in 1981. Infosys achieved 100 / 100 in the CEI(Corporate Equality Index) assessment by the US in 2022. Stonewall and Keshav Suri Foundation awarded Infosys the Silver Award for India Workplace Equality Index (IWEI) in 2022.

  • Share Price: Rs. 1,457.85
  • Market Cap: Rs. 5,98,929.00 Cr 

4. HDFC Bank (HDFCBANK)

HDFC Bank Limited, a banking sector giant, provides financial services from banking to insurance and mutual funds through its subsidiaries. In India, HDFC has spread across 2400 towns and cities. 

They also have offices in other countries to serve NRIs (Non-Resident Indians). HDFC Bank was founded in the year of 1994. 

Since then, it has acquired many achievements and procured to be the Best Private Bank in India. HDFC ranked first in the 2019 BrandZ Top 75 Most Valuable Indian Brands.

  • Share Price: Rs. 1,549.80
  • Market Cap: Rs. 11,60,930.00 Cr

5. ICICI Bank (ICICIBANK) 

ICICI Bank Limited is a banking company that provides a range of banking and financial services like commercial banking, treasury operations, and other services. 

Its segments include Retail, Wholesale, and Insurance. ICICI Bank was founded in the same year HDFC Bank started its journey. 

ICICI won awards for its retail banking initiatives like Digital Transformation of the Year and Service Innovation of the Year in India. It also has obtained many awards from other countries.

  • Share Price: Rs. 935.40
  • Market Cap: Rs. 6,49,112.00 Cr

6. Hindustan Unilever (HINDUNILVR)

Hindustan Unilever Limited is a FMCG (fast-moving consumer goods) company. They are mostly known for their personal care products. Its five segments include Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Creams.

HUL was founded before our independence by the British Government in 1933. In 2011, it acquired the National Award for Excellence in Corporate Governance from the Institute of Company Secretaries of India (ICSI). In 2014, HUL was ranked 47th in The Brand Trust Report.

  • Share Price: Rs. 2,526.05
  • Market Cap: Rs. 5,90,041.00 Cr

7. Kotak Mahindra Bank (KOTAKBANK)

Kotak Mahindra Bank is a non-banking financial company(NBFC). This Company started with financing passenger cars and multi-utility vehicles. 

Their other segments are Treasury, Investment, and other Lending activities. Kotak Mahindra Bank was established in 1985. They have achieved many awards and accolades for being one of the best Private banks.

  • Share Price: Rs. 1,751.20
  • Market Cap: Rs. 3,46,039.00 Cr

8. ITC  (ITC)

Founded in 1910, ITC Limited is a FMCG company. Their portfolio includes Hotels, Paperboards, Paper & packaging, and Agri-Business. Their other products are personal care items, packaged foods, and beverages.

ITC has won many national and global awards. Recently, they ranked 19 and were awarded for their excellent Packaging Design by the INDIA STAR Awards in 2022.

  • Share Price: Rs. 438.05
  • Market Cap: Rs. 5,42,886.00 Cr

9. Bajaj Finance

Bajaj Finance Ltd. is a NBFC founded in 1987. The Company has a diversified lending portfolio across retail, small and medium-sized enterprises (SMEs), and commercial customers with a presence in urban and rural India.

Bajaj Finance won the Best NBFC of the Year award twice for its stellar performance.

  • Share Price: Rs. 7,125.00
  • Market Cap: Rs. 4,40,413.00 Cr 

10. Larsen & Toubro (L&T)

L&T is an Indian multinational conglomerate company that provides engineering, construction, manufacturing, technology, information technology, and financial services.

This company was established just the year before independence, in 1946. Since 2012, it has received awards every year. Recently, L&T ranked 17 among the Top 50 Most Sustainable Companies in India by Businessworld.

  • Share Price: Rs. 3,088.10
  • Market Cap: Rs. 4,19,230.00 Cr

Conclusion

The best Indian stocks for the next 10 years include companies that have solid fundamentals and financials with a proven track record. Whether these factors will persist over the coming years is to be seen.

That’s why you must thoroughly analyze each and every stock before you invest, always ensuring that the investment aligns with your risk profile and financial goals.Β 

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Shriram Shekhar

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