NIFTY50 is a diversified index that comprises high-performing and fastest growing stocks in 13 different sectors. The index is reflective of the Indian economy. In recent years, the NIFTY50 has emerged as a promising index that houses stocks of high-growth and high-potential companies. Investors should look to invest in NIFTY50 stocks for lucrative gains. Here are the top 10 NIFTY50 stocks that should be on the watchlist of investors:
Top 10 Nifty 50 Stocks For Your Watchlist
Here are the top 10 Nifty stocks to keep a tab as an investor:
1. Reliance Industries
Reliance Industries, India’s largest private sector corporation, started out as a textile and polyester manufacturer but has since expanded into the petrochemicals, energy, natural resources, textiles, and telecommunications industries. It is one of the fastest-growing companies in India.
2. TCS
TCS, or Tata Consultancy Services, provides an integrated portfolio of engineering services, technology, and business solutions that are led by consulting and powered by cognitive technologies. The company was not fazed by the pandemic and is one of the most promising NIFTY50 stocks to watch out for.
3. HDFC
HDFC was the first to get in-principle approval from the RBI when it liberalised the banking sphere. Since then, it has not looked back. HDFC is one of the most valued banking companies in India and continues to post profit quarter after quarter.
4. Infosys
Infosys is known for its cutting-edge digital services and consulting. It is a world-leading company in its field and operates in more than 50 countries. The company has grown in leaps and bounds since its inception.
5. Hindustan Unilever
One of the most successful companies in “premiumizing” its brands, HUL owns household Indian names like Dove, Lakme, Surf, and Brooke Bond. The company has investments in every possible FMCG product line.
6. ICICI Bank
The ICICI Bank is one of the most successful private banks in India. ICICI Bank and its affiliated firms provide a comprehensive suite of retail and wholesale banking services to consumers in India and around the world.
7. SBI
The State Bank of India (SBI) is a public sector bank that offers a wide range of banking and financial services. SBI has emerged as a reliable and dependable banking service provider for individuals and corporates.
8. Bajaj Finance
As a major financial institution in both metropolitan and rural areas of India, the firm provides a wide range of services such as personal loans, corporate loans, mortgages, four-wheeler loans, etc.
9. Adani Port and Special Economic Zone Limited
The Adani Ports and Special Economic Zone Limited (APSEZ Ltd.) is a comprehensive logistics service provider and the largest private port operator in India. They have constructed an unrivalled array of port infrastructure across India in less than two decades.
10. Tata Steel
The company was founded in Jamshedpur (Jharkhand, India) in 1907 by Jamsetji Nusserwanji Tata, and it has since grown to become one of the world’s most geographically diverse steel makers.
Key Takeaway
NIFTY50 has grown at a tremendous pace in the last decade. Stocks in the NIFTY50 can provide tremendous gains to investors if investments are made after due diligence and market analysis. Dhan offers deep financial insights through its blogs. Bookmark the blogs website for quick access to our insightful resources.
Disclaimer: This blog is not to be construed as investment advice. Trading and investing in the securities market carries risk. Please do your own due diligence or consult a trained financial professional before investing.
