Best 20 Stocks Analysis for Long-Term Investment in 2024

Investing in stocks can be very profitable, especially if you pick companies that are likely to grow a lot. Here, we review the top 20 stocks that are good for long-term investments. We'll look at how well they've done over the past five years, including how much their stock prices have gone up, and we'll give you insights into each company's business and future opportunities.

Company Name	Price 5 Years Ago (17 Jun 2019)	Current Stock Price (14 Jun 2024)	Increase Rate (%)
Reliance Industries Limited	₹1,267.49	₹2,951.45	132.86%
Tata Consultancy Services	₹2,249.85	₹3,832.05	70.32%
Infosys Limited	₹750.20	₹1,488.90	98.47%
HDFC Bank Ltd	₹1,207.10	₹1,596.90	32.29%
ITC Limited	₹274.25	₹431.40	57.30%
Hindustan Unilever Limited	₹1,766.65	₹2,480.00	40.38%
Asian Paints	₹1,383.00	₹2,919.00	111.06%
Bharti Airtel	₹337.46	₹1,427.40	322.98%
Maruti Suzuki India Limited	₹6,417.25	₹12,845.20	100.17%
Larsen & Toubro	₹1,539.75	₹3,687.80	139.51%
ICICI Bank	₹430.80	₹1,105.65	156.65%
Godrej Consumer Products	₹669.40	₹1,392.95	108.09%
State Bank of India	₹349.40	₹839.20	140.18%
Eicher Motors Ltd	₹1,964.51	₹4,929.00	150.90%
Coal India Ltd	₹254.25	₹487.50	91.74%
Power Grid Corporation of India Ltd	₹112.44	₹321.50	185.93%
Kotak Mahindra Bank Ltd	₹1,489.80	₹1,721.00	15.52%
Aditya Birla Capital Ltd	₹93.45	₹239.55	156.34%
Adani Ports and Special Economic Zone Ltd	₹402.00	₹1,429.70	255.65%
Indian Railway Catering and Tourism Corporation (IRCTC)	₹155.83	₹1,017.10	552.70%

 

1. Reliance Industries Limited (RIL)

• Price 5 years ago (17 Jun 2019): ₹1,267.49
• Current Share price (14 Jun 2024): ₹2,951.45
• Percentage increase: 132.83%

Reliance Industries is a big Indian company known for its oil and gas business. Over the years, it has also grown into telecommunications and retail. Its success in these new areas has helped the stock price more than double in five years.

2. Tata Consultancy Services (TCS)

• Price 5 years ago (17 Jun 2019): ₹2,249.85
• Current Share price (14 Jun 2024): ₹3,832.05
• Percentage increase: 70.32%

TCS is a leader in IT services and consulting. The company has benefited from the global trend of businesses moving to digital platforms. Its strong focus on research and new technologies has driven steady growth.

3. Infosys Limited

• Price 5 years ago (17 Jun 2019): ₹750.20
• Current Share price (14 Jun 2024): ₹1,488.90
• Percentage increase: 98.43%

Infosys has been growing by enhancing its digital services and buying other companies to strengthen its capabilities. Its focus on automation and AI has made it a strong player in the tech industry.

4. HDFC Bank Ltd

• Price 5 years ago (17 Jun 2019): ₹1,207.10
• Current Share price (14 Jun 2024): ₹1,596.90
• Percentage increase: 32.34%

HDFC Bank is a top bank in India known for its strong retail banking services. Its wide network and innovative digital banking solutions have helped it grow steadily.

5. ITC Limited

• Price 5 years ago (17 Jun 2019): ₹274.25
• Current Share price (14 Jun 2024): ₹431.40
• Percentage increase: 57.34%

ITC is a diversified company with businesses in FMCG, hotels, paperboards, and agribusiness. Its strong brand portfolio and wide distribution network have driven growth, along with its focus on innovation.

6. Hindustan Unilever Limited (HUL)

• Price 5 years ago (17 Jun 2019): ₹1,766.65
• Current Share price (14 Jun 2024): ₹2,480
• Percentage increase: 40.32%

HUL is a leading player in the Indian consumer goods market, offering a wide range of products in personal care, home care, and foods. Its strong brand portfolio and extensive distribution network have contributed to consistent growth. HUL’s focus on sustainability and digital transformation has further boosted its market position.

7. Asian Paints

• Price 5 years ago (17 Jun 2019): ₹1,383.00
• Current Share price (14 Jun 2024): ₹2,919
• Percentage increase: 111.01%

Asian Paints is the largest paint manufacturer in India, with a strong presence in decorative and industrial coatings. Its innovation, strong distribution network, and strong brand equity have driven its growth. The company has successfully tapped into the growing home improvement and construction markets.

8. Bharti Airtel

• Price 5 years ago (17 Jun 2019): ₹337.46
• Current Share price (14 Jun 2024): ₹1,427.40
• Percentage increase: 322.96%

Bharti Airtel is a leading global telecommunications company. Its expansion in 4G and broadband services has driven substantial growth. The company’s focus on digital services has diversified its revenue streams.

9. Maruti Suzuki India Limited

• Price 5 years ago (17 Jun 2019): ₹6,417.25
• Current Share price (14 Jun 2024): ₹12,845.20
• Percentage increase: 100.16%

Maruti Suzuki is India’s largest automobile manufacturer. Its strong brand, extensive dealer network, and focus on innovation have driven growth. The company’s emphasis on new models and electric vehicles positions it well for future growth.

10. Larsen & Toubro (L&T)

• Price 5 years ago (17 Jun 2019): ₹1,539.75
• Current Share price (14 Jun 2024): ₹3,687.80
• Percentage increase: 139.52%

L&T is a major engineering and construction company. Its strong project execution capabilities and diversified business model have driven growth. L&T’s focus on digital transformation and international expansion has enhanced its competitive edge.

11. ICICI Bank

• Price 5 years ago (17 Jun 2019): ₹430.80
• Current Share price (14 Jun 2024): ₹1,105.65
• Percentage increase: 156.60%

ICICI Bank is one of India’s leading private sector banks. Its focus on retail banking, digital initiatives, and improving asset quality has driven growth. ICICI Bank’s investments in technology and expanding its product portfolio have enhanced its market position.

12. Godrej Consumer Products

• Price 5 years ago (17 Jun 2019): ₹669.40
• Current Share price (14 Jun 2024): ₹1,392.95
• Percentage increase: 108.09%

Godrej Consumer Products is a leading FMCG company with a strong presence in personal care, hair care, and home care segments. The company’s focus on innovation, sustainability, and expanding its international footprint has driven growth.

13. State Bank of India (SBI)

• Price 5 years ago (17 Jun 2019): ₹349.40
• Current Share price (14 Jun 2024): ₹839.20
• Percentage increase: 140.20%

SBI is India’s largest public sector bank. Its focus on digital transformation, improving asset quality, and expanding its retail and corporate banking segments has driven growth. SBI’s strategic initiatives in financial inclusion and rural banking have enhanced its market position.

14. Eicher Motors Ltd

• Price 5 years ago (17 Jun 2019): ₹1,964.51
• Current Share price (14 Jun 2024): ₹4,929
• Percentage increase: 150.92%

Eicher Motors is a leading player in the automotive sector, best known for its Royal Enfield motorcycles. The company’s strong brand equity, innovation, and focus on expanding its product portfolio have driven growth.

15. Coal India Ltd

• Price 5 years ago (17 Jun 2019): ₹254.25
• Current Share price (14 Jun 2024): ₹487.50
• Percentage increase: 91.75%

Coal India is the world’s largest coal producer. The company’s focus on increasing production efficiency, improving environmental sustainability, and expanding its product portfolio has driven growth.

16. Power Grid Corporation of India Ltd

• Price 5 years ago (17 Jun 2019): ₹112.44
• Current Share price (14 Jun 2024): ₹321.50
• Percentage increase: 185.98%

Power Grid Corporation is India’s largest electric power transmission utility. The company’s focus on expanding its transmission network, enhancing operational efficiency, and investing in new technologies has driven growth.

17. Kotak Mahindra Bank Ltd

• Price 5 years ago (17 Jun 2019): ₹1,489.80
• Current Share price (14 Jun 2024): ₹1,721
• Percentage increase: 15.55%

Kotak Mahindra Bank is one of India’s leading private sector banks, known for its prudent management and focus on retail and corporate banking. The bank’s focus on digital transformation, expanding its product portfolio, and improving asset quality has driven growth.

18. Aditya Birla Capital Ltd

• Price 5 years ago (17 Jun 2019): ₹93.45
• Current Share price (14 Jun 2024): ₹239.55
• Percentage increase: 156.33%

Aditya Birla Capital is a leading financial services company with a strong presence in insurance, asset management, and lending. The company’s focus on expanding its product portfolio, improving operational efficiency, and leveraging digital technologies has driven growth.

19. Adani Ports

• Price 5 years ago (17 Jun 2019): ₹402
• Current Share price (14 Jun 2024): ₹1,429.70
• Percentage increase: 255.42%

Adani Ports is India’s largest private multi-port operator. The company’s focus on expanding its port infrastructure, enhancing operational efficiency, and diversifying its revenue streams has driven growth.

20. IRCTC - Indian Railway Catering and Tourism Corporation

• Price 5 years ago (17 Jun 2019): ₹155.83
• Current Share price (14 Jun 2024): ₹1,017.10
• Percentage increase: 552.73%

IRCTC has a monopoly in Indian railway catering and tourism services. The company’s focus on expanding its product portfolio, enhancing customer experience, and leveraging digital technologies has driven growth.

Over the last five years, these top 20 stocks have grown a lot. They're good choices for people who want to invest for a long time. Each company has used its strengths, improved what it offers, and planned well for future growth. People who want steady profits should think about how well these companies have done in the past, how strong they are in their markets, and what plans they have for the future. If you spread your investments across these stocks, you can have a mix of investments that could grow a lot.

How Long Should You Hold Stocks to Get the Best Returns?

Investing in stocks can be a great way to grow your money over time. But to get the most benefit, it's important to know how long you should hold onto your investments. Here's a simple guide on how long to hold stocks for the best returns, with examples from the top 20 stocks.

Why Long-Term Investment is Better

1. Compounding Returns:
• The longer you stay invested, the more your money grows because you earn returns on your returns. For example, IRCTC's stock price increased by 552.70% over five years.
2. Market Recovery:
• Stock prices can go up and down in the short term, but they usually go up over the long term. Long-term investments can recover from short-term drops. For example, ICICI Bank and State Bank of India showed big growth over five years despite market fluctuations.
3. Lower Taxes:
• Long-term investments have lower taxes on profits compared to short-term investments. This tax advantage can significantly impact your overall returns.
4. Reduced Costs:
• Buying and selling stocks frequently increases your costs. Holding stocks for a long time reduces these costs and increases your profits.
5. Stability and Growth:
• Companies with strong business models and consistent performance, like Reliance Industries and TCS, provide stable growth over the long term.

How Long to Hold Stocks

5 to 10 Years:

• Financial experts often recommend holding stocks for at least five years. The analyzed stocks showed significant growth over five years, and holding them for 10 years could yield even higher returns due to compounding.

10+ Years:

• For maximum wealth growth, consider holding stocks for 10 years or more. This allows you to benefit from market cycles and compounding returns fully.

Holding stocks for the long term (5-10 years or more) is the best strategy to maximize returns and minimize risks. The top 20 stocks analyzed here have shown impressive growth over five years, and their strong market positions and smart business strategies suggest they will continue to grow.