10 Best Shares To Buy Today For Long Term
The stock market is a great way to build wealth over time. However, it’s important to have a long-term perspective and understand the benefits of investing in stocks for the long haul. Investing in the best stocks to buy for long term investment allows investors to ride out short-term market fluctuations and take advantage of compounding returns. In this article, we’ll discuss long-term stocks to invest in, how to pick them, and a list of best shares to buy for the long term.
1.GMDC Gujarat Mineral Development Corporation
Gujarat Mineral Development Corporation is primarily engaged in 2 sectors i.e. mining and power. Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar
- Market Cap₹ 12,574 Cr.
- Current Price₹ 395
- High / Low₹ 506 / 167
- Stock P/E21.6
- Book Value₹ 192
- Dividend Yield2.89 %
- ROCE13.8 %
- ROE10.4 %
- Face Value₹ 2.00
2.ACE Action Construction Equipment
Action Construction Equipment Ltd is engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower
- Market Cap₹ 15,995 Cr.
- Current Price₹ 1,344
- High / Low₹ 1,695 / 644
- Stock P/E46.4
- Book Value₹ 103
- Dividend Yield0.15 %
- ROCE42.2 %
- ROE30.6 %
- Face Value₹ 2.00
3.RITES Rail India Technical and Economic Service
Established in 1974, RITES Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas
- Market Cap₹ 17,367 Cr.
- Current Price₹ 723
- High / Low₹ 826 / 432
- Stock P/E40.7
- Book Value₹ 109
- Dividend Yield2.84 %
- ROCE24.8 %
- ROE17.5 %
- Face Value₹ 10.0
4.Utkarsh Small Finance Bank Ltd
Incorporated in 2016, Utkarsh Small Finance Bank is engaged in providing banking and financial services.
- Market Cap₹ 5,497 Cr.
- Current Price₹ 50.0
- High / Low₹ 68.3 / 44.8
- Stock P/E11.0
- Book Value₹ 27.0
- Dividend Yield1.00 %
- ROCE9.64 %
- ROE20.0 %
- Face Value₹ 10.0
5.Marksans Pharma
Marksans Pharma is engaged in the Business of Formulation of pharmaceutical products. Our key focus areas lie in the OTC & prescription drugs that have wide-ranging applications across fields like Oncology, Gastroenterology, Antidiabetic, Antibiotics, Cardiovascular, Pain Management, Gynaecology, among others. Best stocks to buy today India for long term under 100
- Market Cap₹ 9,319 Cr.
- Current Price₹ 205
- High / Low₹ 217 / 93.8
- Stock P/E29.7
- Book Value₹ 45.6
- Dividend Yield0.24 %
- ROCE20.6 %
- ROE16.5 %
- Face Value₹ 1.00
6.IDFC Limited
IDFC Limited was incorporated in 1997. It is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India. It continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC. IDFC’s holding in IDFC FIRST Bank has further reduced to 36.60% post the QIP issue done by the Bank in April 2021.
- Market Cap₹ 17,427 Cr.
- Current Price₹ 109
- High / Low₹ 137 / 105
- Stock P/E16.7
- Book Value₹ 83.6
- Dividend Yield0.92 %
- ROCE8.49 %
- ROE8.37 %
- Face Value₹ 10.0
7.Olectra Greentech Limited
Olectra Greentech Limited was incorporated in 2000 . The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad.
- Market Cap₹ 13,771 Cr.
- Current Price₹ 1,678
- High / Low₹ 2,222 / 1,013
- Stock P/E179
- Book Value₹ 111
- Dividend Yield0.02 %
- ROCE14.8 %
- ROE8.76 %
- Face Value₹ 4.00
8.HBL Power Systems Ltd
Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products
- Market Cap₹ 16,709 Cr.
- Current Price₹ 604
- High / Low₹ 685 / 193
- Stock P/E55.6
- Book Value₹ 44.0
- Dividend Yield0.07 %
- ROCE34.4 %
- ROE27.7 %
- Face Value₹ 1.00
9.Banco Products (India) Ltd
Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications in both the domestic and international markets. It was Incorporated in 1961, promoted by Mr. Mehul K. Patel who has more than 40 years of experience in the automotive industry
- Market Cap₹ 5,209 Cr.
- Current Price₹ 728
- High / Low₹ 799 / 327
- Stock P/E19.2
- Book Value₹ 147
- Dividend Yield3.02 %
- ROCE26.6 %
- ROE26.4 %
- Face Value₹ 2.00
10.MSTC Limited
MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. The company is owned and controlled by the Government of India.
- Market Cap₹ 6,375 Cr.
- Current Price₹ 906
- High / Low₹ 1,165 / 371
- Stock P/E31.2
- Book Value₹ 126
- Dividend Yield1.66 %
- ROCE34.7 %
- ROE24.4 %
- Face Value₹ 10.0