Top 10 Stocks to Invest in India 2024

Discover the top 10 stocks to invest in India in 2024. Learn about Reliance, HDFC Bank, Infosys, Bajaj Finance, and more for long-term wealth creation.

Introduction: Why Stocks are the Key to Your Financial Growth

Imagine you had invested ₹2 lakhs in some of India’s top companies 10–15 years ago. Today, that investment could be worth anywhere between ₹10–₹25 lakhs or more. This is the magic of investing in fundamentally strong stocks and holding them for the long term.

While FDs provide safety, the stock market rewards patience and smart choices with exponential growth. If you want to build real wealth, it’s time to look at India’s top-performing companies that have consistently delivered and promise even more growth in the next decade.

Here are 10 such stocks, their historical performance, and why they remain attractive investments for 2024 and beyond.

1. Reliance Industries

A ₹2 lakh investment in 2014 would now be worth approximately ₹12 lakh.

• Jio’s dominance in telecom with over 450 million users generates steady cash flow.
• Aggressive push into green energy, targeting 100 GW of renewable capacity by 2030.
• Reliance Retail is expanding rapidly, capturing urban and rural markets alike.

Key Stats: Sales Growth: 10% annually over the past decade. Profit Growth: 12% annually.

Promoter Strength: Mukesh Ambani holds a 50% stake, ensuring strong leadership.

2. HDFC Bank

A ₹2 lakh investment in 2014 would now be worth ₹9 lakh.

• Leading in retail loans, credit cards, and home loans.
• Expanding in rural India, offering modern banking services to underserved areas.
• Low NPAs (1.23%) make it one of the safest and most profitable banks in India.

Key Stats: Sales Growth: 15% annually over 10 years. Profit Growth: 18% annually.

Promoter Strength: HDFC Ltd. holds a 21% stake, ensuring stability.

3. Bajaj Finance

₹2 lakhs invested in 2014 would now be worth ₹24 lakhs.

• Rural lending and consumer finance are driving growth.
• High-interest margins (~9%) and innovative products like Buy Now, Pay Later (BNPL).
• Strong risk management ensures steady profitability.

Key Stats: Sales Growth: 25% annually. Profit Growth: 28% annually.

Promoter Strength: Bajaj Group owns a 56% stake.

4. Infosys

A ₹2 lakh investment in 2014 would now be worth ₹9 lakh.

• Investing in AI, cloud computing, and cybersecurity, making it future-ready.
• Long-term global contracts ensure steady revenue.
• Consistent dividends and robust operational efficiency.

Key Stats: Sales Growth: 10% annually. Profit Growth: 8% annually.

Promoter Strength: Professionally managed with no single promoter.

5. Titan Company

₹2 lakhs invested in Titan 10 years ago would now be worth ₹18 lakhs.

• The jewelry business, driven by Indian weddings and festivals, continues to thrive.
• Expanding into smartwatches, eyewear, and premium accessories.
• Rising disposable incomes ensure sustained demand.

Key Stats: Sales Growth: 20% annually. Profit Growth: 22% annually.

Promoter Strength: Tata Group owns a 25% stake.

6. Asian Paints

A ₹2 lakh investment in Asian Paints 10 years ago would now be worth ₹11 lakhs.

• Leader in decorative paints, holding a 54% market share.
• Expansion into home improvement and waterproofing solutions.
• Strong presence in both urban and rural India.

Key Stats: Sales Growth: 12% annually. Profit Growth: 15% annually.

Promoter Strength: Families hold a 52% stake, ensuring stability.

7. Hindustan Unilever

₹2 lakhs invested in HUL 10 years ago would now be worth ₹8 lakhs.

• Trusted brands like Lux, Surf Excel, and Horlicks dominate Indian households.
• Aggressive rural penetration captures 35% of sales from villages.
• Resilient during economic downturns due to essential products.

Key Stats: Sales Growth: 10% annually. Profit Growth: 12% annually.

Promoter Strength: Unilever PLC owns a 62% stake.

8. Maruti Suzuki

A ₹2 lakh investment in Maruti Suzuki 10 years ago would now be worth ₹8 lakhs.

• Plans to capture the electric vehicle (EV) market.
• Leading India’s car market with a 43% share.
• Growing demand in rural and semi-urban areas ensures steady growth.

Key Stats: Sales Growth: 8% annually. Profit Growth: 10% annually.

Promoter Strength: Suzuki Motor Corporation holds a 56% stake.

9. Divi’s Laboratories

₹2 lakhs invested in Divi’s 10 years ago would now be worth ₹11 lakhs.

• A leader in API manufacturing, benefiting from global demand for generics.
• High operating margins (~40%) make it a cash-rich company.
• Growing export revenue adds stability.

Key Stats: Sales Growth: 15% annually. Profit Growth: 18% annually.

Promoter Strength: Dr. Murali K. Divi owns a 52% stake.

10. Tata Consultancy Services (TCS)

A ₹2 lakh investment in TCS 10 years ago would now be worth ₹10 lakhs.

• Expanding into AI, blockchain, and automation.
• Long-term contracts with Fortune 500 companies provide revenue stability.
• Consistent dividends make it attractive for income-seeking investors.

Key Stats: Sales Growth: 12% annually. Profit Growth: 10% annually.

Promoter Strength: Tata Group holds a 72% stake.

Conclusion

These 10 stocks have proven their ability to generate wealth over the last decade. Start investing today and let compounding do the work for you!

Disclaimer:

The information provided in this article is for educational and informational purposes only. It is not intended as financial advice. The author is not registered with the Securities and Exchange Board of India (SEBI) as a financial advisor or analyst. Please consult with a SEBI-registered investment advisor or financial expert before making any investment decisions. Investments in the stock market are subject to market risks. Perform your own research and analysis before investing.