Stock markets have seen a frenzy of retail participation in recent years. Online stock trading platform has given the perfect tools to the millennials to explore the financial markets.
Although trading and short-term investing are pretty famous, many investors are rooted in the tradition of generating returns from long-term investing. And, of course, there must be a reason for its popularity.
Are you wondering what are the best stocks to invest in 2022?
In today’s market scenario, let us look at some of the best picks for long-term investing in 2022.
1) HUL
Hindustan Unilever Limited is a trusted name for investors across generations. It was the first foreign subsidiary company listed on the Indian Stock Exchanges way back in 1956.
HUL is a renowned FMCG company in India and has a presence across various categories like F&B, cleaning care, personal care, etc. Since time immemorial, it has been a trusted investment source for many investors.
The HUL share price has seen steady growth over the years. HUL has an excellent dividend-paying track record. Many analysts recommend HUL as part of the investor’s portfolio for the long run.
2) HDFC Bank
HDFC Bank is the most significant private-sector banking player in India. Recently its merger announcement with HDFC has created quite a buzz in the market. It has already announced plans to focus on more wholesale loans and open more branches.
HDFC Bank has always been a favourite with retail and institutional investors. HDFC Bank share price has seen a steadily rising graph. Many experts believe it will continue to be a strong performer in its segment.
3) Wipro
Wipro is a leading player in the Indian IT industry. It is involved in cloud, cyber security, AI, robotics, and data analytics.
Although Wipro was set up in 1945, its focus shifted to IT only in the 1970s and 1980s. Since then, Wipro share price has grown from force to strength.
The stock is also listed on the New York Stock Exchange (NYSE). Wipro is seen as a fundamentally strong company with good growth prospects.
4) Asian Paints
Asian Paints is a well-known company in India whose products are widely used all across the country. It is a Multinational Company (MNC) with its headquarters in Mumbai.
It has a fascinating history of being started in a small garage in 1942. From its humble beginnings, it has risen sharply to have 26 manufacturing units across 14 countries. Asian Paints share price has been on a steady uptrend. A market leader, it is valued as a good growth stock.
5) Adani Green
Adani Green is part of the Indian conglomerate Adani group – its business is focused on renewable energy. It is a relatively new entrant to the stock markets.
Adani Green share price has seen a tremendous surge in a short period and is considered a multi-bagger stock with promises of more returns. It was founded in 2015 and listed on Indian stock exchanges in 2018. Its operations are spread across 11 states of India.
Parting thoughts
Indian companies are primed for good performance over the coming years. Many worldwide financial analysts have given encouraging ratings to the Indian economy and its future growth. You can also make the most of India’s growth story by participating in the rally of excellent and robust companies.
