10 best shares to buy today

 

As we step into September 2023, investors are keeping a close eye on the ever-evolving landscape of the stock market. Market conditions, trends, and economic factors can change rapidly, making it crucial to stay informed about potential investment opportunities. Here, we present a curated list of the "10 best shares to buy today , each with its unique strengths and growth prospects.


10 best shares to buy today

10 best shares to buy today


HDFC Bank 

A private-sector Indian bank, this bank has proved its mettle for long-term shareholding. With a range of banking and financial services, HDFC Bank covers everything from investment banking to transactional retail banking.

 TCS/Tata Consultancy Services: 

Engaged in the services of IT and digital business solutions, TCS is an Indian company under the Tata Group. Segments of the company are related to banking, insurance, financial services and more. 

Hindustan Unilever 

So, which are the best stocks to buy now in India? Well, you can bet on Hindustan Unilever for sure as one of your choices. A popular company stock with seasoned investors and novice investors, the company has footprints in beauty and oral care, detergents, scorers, water purifiers, food and beverage, salon services, and exports of baby care products. 

Infosys 

Touted as one of the best companies in India in the present age, Infosys is moving from strength to strength. It is engaged in the services of consulting, outsourcing, technology and advanced digital services. This is a telecom giant, having its foot in other areas like healthcare, energy, utilities, life sciences, media, and more. 

RIL/Reliance Industries:

One of the best companies based out of India to put your money on, RIL has been a reliable stock for a while. The Reliance Group is only expanding into different sectors as the days go by, and this is a strong indicator of its growth overall. The group chiefly operates in the sectors of oil and gas, chemicals, retail, financial services, telecom and digital services and many others.

Bharti Airtel


ARPU has risen, led by, device upgrades, data monetization, premiumization, and other services (Broadband/Airtel Black), said MOSL, adding that management is confident of maintaining this growth.

"Airtel Africa has consistently delivered strong earnings growth over the last 3–4 years, with a ~20% CAGR over FY19–22. A strong balance sheet with low leverage and healthy FCF further adds to the strong capabilities. Airtel 5G Plus launch is starting with key cities by Mar’24 and is expected to cover all towns in India," it added.


ITC

A stable tax environment for Cigarettes in recent years has allowed ITC to calibrate price increases and MOSL expects this trend to continue, which should drive earnings visibility over the medium term, said the brokerage.

"Healthy sales momentum in the FMCG business is driven by improved reach, enhanced penetration and better last mile execution. Hotels segment witnessed ARR and occupancy rates ahead of pre-pandemic levels driven by Retail (packages), Leisure, Weddings and MICE segments. This has led to EBIT turned to profit from 3QFY22," it added.


Titan


Titan has a strong runway for growth, given its market share of sub-10% in Jewelry and continued struggles faced by its unorganized and organized peers, according to MOSL. Its medium-to-longterm earnings growth visibility is nonpareil as management aims to grow Jewellery business by 2.5x over FY22-27, it said.

Coal India

E-auction premium soared 40% QoQ to an all-time high of 329% in Q2FY23. MOSL believes that the 3Q performance of COAL will be better QoQ with higher volume on e-auction with almost similar levels on premium. With the onset of winters, MOSL expects the demand for coal for power should slow down somewhat giving the company some headroom for higher non-power and e-auction dispatches. This in turn should help deliver another record set of profits for 3QFY23.

IndusInd Bank

"IIB’s operating performance remains on track led by healthy NII growth and controlled provisions. Asset quality ratios have improved driven by lower slippages in corporate as well as consumer portfolios. Thus, the outlook for credit cost remains controlled. Growth in MFI book should also pick up as disruption due to regulatory changes has been fully addressed. Healthy provisioning in the MFI portfolio and contingent provisioning buffer of 1.0% of loans will enable a steep decline in credit cost, thus driving a sharp recovery in earnings," said the brokerage.


Keep in mind that your investing decisions should be based on your time,risk management and financial status. The best ways to control risk in the stock market are through the  smart investment management  and stock performance is subject to quick changes, so it is little difficult to keep up with current events and market trends while making any investment selections

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