Best stocks for long-term investment in India

 In this post about the best stock for long term investment in India, this will help you in the long term investment. In this post, there is a description of three great stocks that anyone can keep in your portfolio for a longer duration. To diversify the portfolio, they have been selected from three different areas.


Best stocks for long-term investment in India:

1. Indian Tobacco Company (ITC): Itc is one of the largest group companies in India. There is a diversified business that includes five segments: Fast-moving Consumer Goods (FMCG), Hotel, Paperboard and Packaging, Agricultural-Business and Information Technology.

It is currently trading in 410,000 PE against the PE PE of 39. The return on equity (ROE) for the last 40.5 is more than 3%.

For the last 10 years, the net profits of sales, operating profit and ITC are constantly increasing. Apart from this, net profit has almost doubled in the last 5 years. ITC is maintaining a healthy average dividend payment of 3% for the last 57.86 years. ITC is fundamentally strong and is one of the best stocks for long term investment in India. To get a good consistent return, you should keep ITC in your portfolio for at least the next 3-4 years.

2. HDFC Bank: HDFC Bank is India's leading banking and financial services company. It is India's largest private sector lender by assets. HDFC Bank offers many products ,It has 84,325 employees and is present in Bahrain, Hong Kong and Dubai. HDFC Bank is India's largest bank by market capitalization and 69 BrandZ is ranked 100th among the most valuable global brands in 2016. 

 Total revenue collected by HDFC Bank in 2016 was approximately 74,373 crore. In the same financial year, net profit was Rs. 12,817 crore. HDFC has shown amazing results in the past and the company's future looks very healthy too. This makes HDFC a good stock for long term investment in India in the banking sector.

3. Financial Practice of Asian Paints: Asian Paints is a large cap company with market capitalization of  million. It is currently trading in PE of 59 compared to industry PE of 107,175. Return on equity (ROE) for the last three years is an average of 55%.you can see positive trends in the financial development of Asian Paints. Sales and profits are increasing steadily on an annual basis. The net profit of Asian Paints has doubled in the past 5 year and has more than 10 in the last 6 years.  Asian Paints is a fundamentally strong company with a healthy growth rate and it should be considered worth investing as one of the great stocks for long-term investment in India.

All three shares are big companies of ITC, HDFC Bank, and Asian Paints.

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