Change is constant as a universal law. Many of us might not be compatible with that because humans crave stability too. However, change can be a good thing too. Just think of Nifty 50 and the socio-political scenario of India in 2024.
Before you check HDFC or TCS share price to buy any of these stocks (or both), you’ll need to find out more about meaningful investments.
Why 2024 Is a Sensitive Year to Buy Stocks
Of course, we are looking at two major events. On the national level, we have got our Lok Sabha Election and, on the global front, we have got the US Presidential Election.
This element of change (as these events are likely to trigger) is important for a thing like stock trading or stock investment. However, extra changes this year might add more to that interest.
Or you may have to do a little more homework.
This is why this post. To stay on the safer side with stock purchasing and maintaining a steady potential in your stock trading journey, you’ll need to learn about the most profitable stocks.
Wait a Second! Do I Have to Buy Stocks Anyway?
What’s the point of stock trading then?
If that seems to be too direct as a statement, then you might need to know that stock trading is all about buying and selling stocks at the right time. Selling your stocks is half the process of stock trading. To do that though, you must buy them first, don’t you think?
Plus, there is a case history to almost anything. Stock market trading depends partly on your portfolio as a stock trader or stock investor. If you buy the right stock and you have been doing so for a long time, then you can expect positive influences in your portfolio. That can serve as an advantage for your future trading agendas.
Nifty 50 is an index point that changes according to the market capitalization rates. It simply means that companies using more capital in their stocks will heavily impact the Nifty 50 readings. This year, a few companies are ahead in this regard.
Top companies such as Wipro, HDFC, TCS, and more have already displayed their share price. Chances are you might be checking HDFC or Wipro share price already. You should do that. However, the following point might also make sense for you.
Which Stocks Are Profitable for the Year 2024?
You can see the list below. However, keep in mind that more research and further insights almost every day is important. It is because the time is crucial for upcoming changes (which you have been told). That said, we can now take a look at the following list to find out about the top stocks you might choose to buy in 2024:
- Wipro Ltd.
It’s no wonder that the IT stocks you are trying to buy have good potential. As a matter of fact, they have. However, the Nifty IT index keeps Wipro at an 8.24% weightage. This does show potential.
When checking the Wipro share price, you must not ignore the fact that Big Bull investors consider this stock as a viable ground for profit. This is why they actually increased their stake. And who are a few of these investors? Consider Premji Family India (a promoter group) and JP Morgan as the leading ones.
- HDFC Bank
For those interested in buying stocks in the banking sector, HDFC bank stocks can be the first choice. And that’s because of it’s history of stability in the stock market growth data. If you are someone who wants to risk less of your investment, then you can go for HDFC Bank stocks.
Since shareholding has been more a promising experience with HDFC stocks, then you might find it a ‘more’ relaxing investment option. Again, the factor of change cannot be denied for the said events.
- TCS
Tata Consultancy Services or TCS provides IT services that spread into many sectors from banking to retail or manufacturing and whatnot.
If you’re checking TCS share price now, then you might also want to know that you can achieve two things by purchasing TCS stocks: One, you get to explore different stocks from across other industries and two, your stock trading portfolio is going to get a solid boost.
- Hindustan Unilever
Hindustan Unilever is a prominent and one of the oldest names in the Fast-Moving Consumer Goods or FMCG industry.
Since a company like this operates on a fast scale and a larger market, you can invest in its stocks and find fruitful returns later.
Like TCS, Hindustan Unilever gives you the advantage of learning more about stock trading while exploring different sectors at the same time.
- Reliance Industries
Let’s put the cards on the table. Reliance Industries is going through a phase of volatility.
But investors are still keen on buying stocks from Reliance Industries because the brand itself has made its endeavours to contribute to the EBITDA. Besides that, its performance in digital and the retail sectors might as well become the stock investor’s ‘platform for profit’.
To Conclude
Learning about the latest Wipro share price or HDFC bank share quotes along with the market conditions revolving around them are crucial for any stock trader. However, you’ll need to find out what kind of experiences you want to achieve, the profit you seek, and the risks you can take. That makes the stock investing a cakewalk.