10 Best Shares to Buy for Long-Term

Investors are always looking for opportunities to create a strong portfolio that can manage the fluctuations of the market and deliver stable results over time. Long-term investment is a reliable strategy that lets investors benefit from the compounding and growth potential of major companies. In this article, we will analyze the top long-term stocks that you should buy, providing a detailed analysis of their performance, growth prospects, and major factors that make them perfect for long-term investment. Investing in long-term stocks needs patience, focus, and a thorough understanding of the company you are investing in.

10 Best Shares to Buy for Long Term

1)Infosys Limited

Infosys is the second-largest IT company in India after TCS. Infosys is a global leader in technology, consulting, and next-generation digital services. Infosys has a market capitalization of Rs. 6,99,012 crore. Infosys continues to drive digitalization across industries, with a strong emphasis on innovative solutions and digital transformation. The company’s global presence and performance make it one of the best options to buy its shares for the long term.

2)HDFC Bank

HDFC Bank is one of the top stocks in India. The market capitalization of HDFC Bank is Rs. 11,04,238. HDFC Bank is one of the significant players in the banking sector of India. With a wide range of banking services and a vast network of branches, HDFC Bank provides its services to both retail and corporate clients. Consistent financial performance is one of the major reasons to buy shares of HDFC Bank for the long term.

3)Asian Paints

Asian Paints is one of the leading paint companies in India. The company has achieved strong financial results and has maintained a competitive edge. Asian Paints is extensive across India and has also established its name in the international market. The robust distribution of Asian paints provides a significant competitive advantage and opportunities for future growth.

4) Tata Consultancy Services

TCS, a leading global IT services company in India, has established itself in the dynamic technology landscape. With a strong focus on innovation, a talented workforce, and a robust customer base, TCS is well-equipped to capitalize on the increasing global demand for digital transformation services. The company’s success is largely due to its ability to adapt to technological trends and deliver value to its clients. The focus of TCS on innovation and research has allowed the company to offer success to investors.

5)Reliance Industries Limited

Reliance Industries Limited is a popular conglomerate with various business interests, from telecommunications to energy. The company has shown its capacity to succeed in a rapidly growing competitive environment. With strong financials, Reliance is an attractive long-term investment. The company’s healthy balance sheet and solid cash flows enable it to explore new growth opportunities and navigate economic changes with ease.

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6)Godrej Consumer Product

Godrej Consumer Products Limited (GCPL) became part of the Godrej Group in 2001. GCPL makes products like soaps, toiletries, liquid detergents, and hair colorants. As of May 28, 2024, its market capitalization is Rs. 1,35,000 crore, and the company plans to grow this in the next 10 years. Their distribution system, “Sampark,” helps reduce inventory and boost sales.

7)ITC

ITC Limited is an Indian company established in 1910. It has a strong presence and brand recognition across the country, with a market capitalization of Rs. 5,35,000 crore as of May 28, 2024. ITCs’ main business is in the FMCG market, with well-known brands such as Bingo, Sunfeast, Aashirvaad, and Classmate. The company possesses a strong delivery network and understands customer preferences, helping it maintain its market position. ITC has also expanded into the paperboard, hotel, and agribusiness sectors.

8) Larsen and Toubro

Larsen and Toubro (L&T) is an Indian company established in 1946 by Danish refugees Henning Holck-Larsen and Soren Kristian Toubro. It is one of India’s top five construction companies. L&T has expanded into defense manufacturing, IT, and financial services. With a market capitalization of Rs. 5,01,895 crores as of May 28, 2024, a low debt-to-equity ratio, and a steadily growing return on equity, the company’s fundamentals are strong.

9)Bajaj Finance

Bajaj Finance Limited (BFL) is a non-banking financial company established in 1987 that focuses on financing two-wheelers and three-wheelers. It is a strong brand under the Bajaj Group, with a market capitalization of Rs. 4,25,000 crores as of May 28, 2024. BFL has a diverse loan portfolio, lending to retail consumers, SMEs, rural customers, commercial customers, and recently adding mortgage lending. The company targets expanding the company over the next 20 years.

10) ICICI Bank

ICICI Bank is one of the top stocks in India. In terms of market capitalization, ICICI Bank is just behind HDFC Bank. The market capitalization of ICICI Bank is 7,36,072 crore as of February 19, 2024. The main activities include loan disbursement, savings, wealth management, credit card services, and supply chain finance. According to the 2022–2023 annual report, the bank’s total deposits grew from Rs. 10,645 crore to Rs. 11,808 crore.