NOMO is back in power. Loksabha Elections 2019 is out and Narendra Modi led NDA government is a winner again. NAMO first term has delivered very good returns to the stock market investors. The second term is even expected to be better. The stock market will surely set a new highest in the second inning of NAMO. As an investor, you must be keen to invest in the Best Stocks which can prosper your stock portfolio. In order to help you, I am here with a list of Best Stocks to buy now for 2019 NAMO Second Inning.
Before disclosing best stocks of NAMO second inning, let’s take a look at performance of few stocks that have generated multibagger returns for the investors in the first inning.
Multibagger stocks of last five years
As per the report published on ET nearly 800 stocks on BSE managed to double investor wealth by giving 100% returns in the last 5 years.
35 Stocks have railed over 1000% in the last five years. Top stock on the list is Sadhana Nitro Chem. This stock has generated 5605% (56-bagger) returns for the investor. Apart from Sadhana Nitro Chem other stocks that have generated Multibagger returns for the investors are Medicamen Biotech Ltd (4631%), Ducon Infratechnologies Ltd (4400%), Tasty Bite Eatables (3391%) and Uniply Industries Limited (3059%).
(Image Credit: ET)
A number of stocks like Minda Industries Ltd, Bajaj Finance, KEI Industries, V2 Retail, Sakuma Exports and, Yuken India Ltd have generated more than 1000% during the same period.
Even blue-chip stocks have generated magnificent returns during the first term of NDA lead NAMO government. HDFC Bank, Maruti Suzuki, Asian Paints, Reliance Industries, TCS, Bajaj Auto, Infosys has generated 50% to 200% returns to the investors.
(Image Credit: ET)
The BSE Midcap and Smallcap index have generated 69% and 56% in the past five years from May 26, 2014 to May 17, 2019.
Best Stocks to buy now for 2019 India
Here is a list of Best stocks to buy now for 2019 India NAMO second inning. These stocks are suggested by the stock market experts Vivek Rajan Mishra – Karvy, Atish Matlawala – SSJ Finance & Securities. All these stocks are Blue Chip Fail safe stocks and recommended for investment for the long term.
#1 State Bank of India
State Bank of India is first recommended stock for Investment. SBI is largest public sector bank in India. SBI has reported very good profit in the last quarter. The asset quality is improved with Gross NPA at 7.53% compared to 10.9% recorded in the last year. The net interest income has also improved. The stock is expected to give better return in FY 20.
#2 ICICI Bank
ICICI Bank is largest private sector bank of India. Last year this stock has generated very good returns for the investors. The credit quality of bank is improved and it seems bank is on its way to recovery. The loan book is showing healthy growth and diversification. ROE of bank is expected to improve in FY 20.
#3 Tata Steels
Tata Steels is next best stocks for investment in 2019. Tata Steel is cyclic stock. The demand of metal is expected to improve due to economic growth. This is likely to happen in Q2FY20. The valuation of Tata Steel is also attractive.
#4 Larsen & Toubro
Larsen & Toubro is considered as a proxy for Indian Infrastructure and growth story. Larsen & Toubro has very healthy order book. L&T will be key beneficiary of increase in Capex spending. The stock of L&T is likely to do well in coming years.
#5 Mahindra & Mahindra
Mahindra & Mahindra is one of the best stock in the automotive sector. The valuation of the stock is attractive and stock is likely to get benefit from a recovery in consumer demand as well as growing focus on the agriculture sector.
#6 HDFC Bank
HDFC Bank is an evergreen stock. Stable asset quality, superior corporate governance, and solid performance make HDFC Bank attractive at current levels. HDFC Bank will be able to deliver profit growth at the rate of 20-22%.
HDFC is next stock on the list. HDFC is housing finance company. HDFC is able to grow its loan book by 18-20% in the March Quarter. It is expected that loan book is likely to grow for coming years as well. HDFC is likely to perform better in the future. One can invest in the stock for long term perspective.
TCS is first IT sector stock in the list. The IT sector is likely to get flourish in upcoming years. The management is quite confident of posting double-digit growth in the foreseeable future. This stock is recommended with the target price of Rs.2600.
#9 Reliance Industries
Reliance Industries is on the transformation journey from petrochemical to retail and digital services. The addition of Jio Giga Fibre and Jio Telecom service is likely to give boost to Reliance Industries. They are also planning to launch IoT based smart home solution and online e-commerce platform. The stock can be purchased with target price of Rs.1600.
#10 Bajaj Finance
Bajaj Finance is one of the largest finance company in the India. Bajaj Finance is diversifying portfolio with Digital EMI, personal loan and over draft facility. Bajaj Finance is capturing market share and constantly growing. This stock is expected to do well in the future.
Over to You –
Do you hold any of the stock mentioned above?
Do you think above stocks are likely to perform better in the future?
What are your views on the Victory of BJP?
Do share your views in the comment section given below.
(The views content and recommendations expressed in this post are of leading stock market experts and do not represent those of Moneyexcel.com. Please consult your financial adviser before taking any position in the stocks mentioned)