Best Long-Term Stocks to Invest in 2024
Market Overview and Investment Strategy
- Despite recent corrections in the Sensex and Nifty 50, experts maintain a positive outlook on India’s stock market. The expected rate cut cycle and strong economic growth make it essential to pick stocks prudently.
Top Stock Recommendations
Reliance Industries
- Upside Potential: 17%
JM Financial highlights Reliance Industries’ potential for robust growth due to strategic initiatives in digital and retail sectors.
Zomato
- Upside Potential: 16%
Zomato’s acquisition of Paytm’s ticketing business positions it as a strong contender in the entertainment sector.
Jindal Saw
- Upside Potential: 14%
With a healthy order book and diverse product portfolio, Jindal Saw is well-positioned for growth.
Main Points:
- Reliance Industries: Expected growth from digital and retail initiatives.
- Zomato: Strategic acquisition bolstering its entertainment sector presence.
- Jindal Saw: Strong order book and product diversity offer growth potential
