Top 10 must buy stocks for 2024 blog: An Investment Checklist

As we approach 2024, investors are in a hurry to know the best investment in the stock market. The stocks have their volatility factor and can be affected by various factors. Still, several companies have good prospects for growth and stability. In this blog, I will share details about top 10 must buy stocks for 2024 blog which are as follows:

 1. Apple Inc. (AAPL)

Starting the list of Top 10 Must Buy Stocks for 2024, we have Apple Inc. Apple, owing to its continuous launch of innovative products and loyal customer base, still holds the lion’s share in the consumer electronics industry. The company’s stable, solid system and exploration of augmented reality and artificial intelligence are crucial, making it an attractive long-term investment. The company’s high financial credit quality and past performance in providing value to shareholders through dividends and buybacks make the business unique.

CMP: Rs 500. 55

Market Cap: 296555 Cr

Volume: 29. 06 Lakhs

Link – https://www.apple.com/in/business/

 2. ZOMATO

Zomato Limited is an online portal that connects customers, delivery partners, and restaurant partners. Further, it delivers ingredients to restaurant partners and acts as a marketplace to market to the target groups in India and globally. They are Hyperpure Supplies, its business-to-business vertical, Quick Commerce Company or India Food Ordering and Delivery, and all other segments not included in the above two categories. It is also one of the top 10 must buy stocks for 2024 that you must buy.

CMP: Rs 193. 95

Market Cap: 171332 Cr

Volume: 129. 33 Lakhs

Link – https://www.zomato.com/

3. Amazon. com Inc. (AMZN)

Amazon, an e-commerce and cloud services company, is among our top 10 must buy stocks for 2024. Although the pressure remains high due to competition with other companies, Amazon’s leading position in online sales and the rapid growth of the AWS segment make it ready for further development. The company’s stakes in drive-through healthcare, artificial intelligence and autonomous delivery could unlock more opportunities for future revenues, making the company quite valuable for long-term investment.

CMP: Rs 495. 93

Market Cap: 184197Cr

Volume: 47. 43 lakhs

Link – https://www.amazon.in/

 4. NEWGEN

Newgen Software Technologies Limited is one of the top 10 must buy Stocks for 2024; it is engaged in business process management (BPM) and enterprise content management (ECM). The company has more than 800 installations in over 40 countries. More so, Newgen has been recognized by renowned research firms, including Frost and Sloan, who recommend that people look for Newgen as the Hot Company in their 2009 global ECM market analysis.

CMP: Rs 1004.90

Market Cap: 13366 Cr

Volume: 1. 40 Lakhs

Link – https://newgensoft.com/

5. Tesla Inc. (TSLA)

Electric vehicle maker Tesla has revolutionized The car manufacturing industry, making it among the top 10 must buy stocks for 2024. Tesla’s position relative to the other manufacturers has been strengthened, as according to the data, it should stay competitive in the EV market; however, it enjoys brand recognition, advanced technology, and expanding production capabilities. The company could grow thanks to novelties like batteries, solar panels, and self-driving vehicles. However, before one invests, it is essential to understand the stock’s volatility and the issues affecting its sector of operation, the automotive industry.

CMP: Rs 1004. 90

Market Cap: 13366 Cr

Volume: 1. 40 Lakhs

Link – https://www.tesla.com/

 6. Alphabet ALEMBIC LTD

Alembic Limited is involved with the production of tinctures and alcohol. This firm also synthesizes the active pharmaceutical ingredients for antidepressants, macrolides, cephalosporin, anti-Parkinson’s and other prescriptions. Bulk Pharmaceuticals: PDP: This division deals with intermediates and major phosgene-based Bulk pharmaceuticals. It comes under the top 10 must buy Stocks for 2024.

CMP: Rs 111. 06

Market Cap: 2852 Cr

Volume:  37. 07 Lakhs

Link – https://www.alembiclimited.com/

7. RELIANCE

One of the top 10 must buy Stocks for 2024 is Mukesh Ambani’s company; Reliance Industries Ltd is India’s most significant privately owned company, works in the energy and materials sectors and is one of the best long-term holding stocks. The company operates in the following business segments: The principal SIC codes are retail, textiles, petroleum refining and marketing, petroleum refining and production, and exploration and production.

CMP: Rs 2908. 40

Market Cap: 1966686 Cr

 Volume: 16. 06 Lakhs

Link – https://www.ril.com/

 8. Visa Inc. (V)

With the increasing use of social, digital payments worldwide, Visa has become one of our must buy stocks for 2024. The current centred network recognized brand and continuous technological developments put the company at the vantage of leaving cash and thinning. Visa has vast growth prospects since it has expanded in new forms of payment systems and geographic regions. That is, it has very high profit margins and cash flow, which makes it able to provide reasonable returns for investors seeking growth and stability.

CMP: Rs 100. 90

Market Cap: 13366 Cr

Volume: 1. 40 Lakhs

9. SMSPHARMA

The current infrastructure and a skilled research and production team allow the company, which is deeply involved in the API manufacturing market, to function internationally. It is the largest producer of products that can treat ulcers. The company is venturing into the CRAMS by developing research and manufacturing facilities suitable for the regulatory market and international consumers. In the top stockholder company, this company also come in the top 10 must buy Stocks for 2024.

CMP: Rs 236. 87

Market Cap: 2007 Cr

Volume: 4. 57 Lakhs

Link – https://smspharma.com/

10. MIDHANI

The most significant manufacturing industry of specialized metals and metal alloys in India is Mishra Dhatu Nigam Limited, also termed Midhani and one of the top 10 must buy Stocks for 2024. It is located in Hyderabad, Andhra Pradesh. Among these, an ISO 9001:2000 certified company is MIDHANI. An industry that has improved technology in processing metals and advanced technical expertise in producing Superalloys, Titanium, special-purpose steels and other unique metals and alloys.

CMP: Rs 460. 75

Market Cap: 8629 Cr

Volume:  4. 98 Lakhs

Link – https://eprocuremidhani.nic.in/nicgep/app

Conclusion:

All these are the top 10 must buy stocks for 2024, cutting across various industries and forms of investments.  As you choose these 10 top must-buy Stocks for 2024, one should consider an asset’s diversification, which divides investment in various industries. These stocks are not without their risks and threats, as each is explained below.

One should seek financial advisor assistance before putting their money into any investment as the expert will understand one’s personal capacity and financial planning to advise appropriately. In light of these factors, I stayed informed, diversifying my portfolio and sticking to long-term goals. Thus, one can aim to build wealth and achieve financial goals in 2024 and beyond.

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