Future Growing Shares 2024- It remains in the mind of retail investors which company to buy shares till 2024 so that they can earn good profits in the coming time. There are many AC companies listed in the market, which are being seen investing in their business in the future.
If you invest in an AC company for a long time, then in the coming few years, you are going to be able to earn a lot of money. Let us know in detail about those companies-
Future Growing Stocks 2024
Stocks to grow in the future In 2024, you should invest in the shares of those companies whose business remains good for a long time. To earn good returns in the future, you must have such stocks in your portfolio whose business is in the future. Today we will talk about 5 stocks whose business is very good from a future point of view and you see full potential to earn tremendous returns in the coming time.
Tata Power:- If we look at the growing shares in 2022, then Tata Group’s company Tata power is expected to show tremendous growth. As Tata power seems to be investing more and more in its business Electric Vehicle Charging Station for the future, you can see a good boom in the business in the coming years.
Also, Tata Power seems to be connecting its business completely on Renewable Energy. As more and more people will be seen using electric vehicles and solar energy, you will see a good boom in the business of Tata Power.
At present, if we look at the market cap of Tata power, it is seen around 52,000 crores, which is a large cap company. If you look at the share price performance of the last one year, then you will get to see more than 200 percent returns. Looking at the business of Tata Power, it can be said that in the coming time, it is going to give good profits to the shareholders.
IEX (Indian Energy Exchange):- Due to the monopoly in the power, electricity exchange business, IEX can give you tremendous profits in the future. The way the demand in the power sector is increasing, IEX is seen as the only medium to buy and sell.
Due to no competitor company in the company’s business, you are going to see good growth in the business of IEX for a long time. If we look at the share price of IEX, in the last one year, more than 185 percent shareholders have been given profits by earning profits. In view of the increasing demand of the company’s business, they are definitely going to give you good earnings in future.
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Which company’s shares to buy in 2024?
Amara Raja Batteries:- If you are thinking about which company’s shares to buy in the coming days of 2024, then the battery sector giant Amara Raja Batteries must be in your eyes. The company seems to be constantly focusing its business on making Lithium-ion batteries for electric vehicles.
Lithium-ion batteries are going to be needed the most in electric vehicles. The management of the company seems to be focusing on this business to catch this upcoming opportunity. The benefit of this will start showing you in the business of Amara Raja Batteries as the demand for electric vehicles increases.
However, the company’s share price has not seen such a big rally so far. But looking at the business of the company, it can be expected to give you good returns in the coming time.
Happiest minds:- A tremendous company in the IT sector, which has given tremendous returns by earning its shareholders as soon as it is listed in the market. If you look at the performance of the last one year, Happiest Minds will get you a tremendous return of around 300 percent.
Although the share price is being seen at a slightly higher valuation, but being a good company, it is going to give you good earnings in the long run. Happiest minds seems to be setting up their business in a different way than the rest of the IT sector company.
Due to this change, the company’s business seems to be growing at a good pace as compared to the rest of the competitors. Because of which you are going to see the Happiest minds in the company that will grow in the future.
Best stocks to grow in the future
Himadri Specialty Chemical:- Chemical sector company which has not shown that good performance in the long run, but in the coming time, the way Himadri’s business is seen going, can definitely show good performance.
The company’s focus is going to be on the same business in future, whatever chemical will be used to make Lithium ion battery. Due to which Himadri’s business can be seen running in a tremendous way in the long run.
At present, if you look at the company’s market cap, it is seen around 2000 crores. Which appears to be a very small company in comparison to the sector. Because of which you need to invest wisely.
Also Check: What is a Mutual Fund and How to Invest in Mutual Funds?
Future Rising Stocks Investment Rules in 2024
Benefit of Fall :- If you want to invest in these future rising stocks then you should take advantage of every fall. You should invest only when the market is weak and the share price has shown a good decline. Never invest all the money at once.
Long Hold:- To earn good returns in future, you should have a long-term outlook. Whenever you buy any stock, your outlook must be for at least 5 to 10 years. Only then you will be able to earn good profits from the stock market in future.
Diversify Portfolio:- You should never put all your money on a single stock at all. Always diversify your money in different sectors. This will reduce the risk of your portfolio significantly.
Financial Analysis:- The business of any company is in the hands of its management. You should analyze the results every quarter to monitor how the business is showing. This will help you to take good decisions at the right time and you will be able to earn good profits in the long run.
Also Check: Highest Returning Stocks | Sabse Jyada return dene wala share
My Opinion
There is a boom and a recession in the market all the time, but if the future business of the company is strong, then you will see the share price going up. That’s why you should always stick with a strong company for a long time.
If you stay invested in these 5 stocks for a long time under a good strategy, then the company’s business has full potential to give good returns. But do not forget to ask your financial advisor before taking any investment decision.
