Top 10 Best Stocks to Invest in India in 2016

Top 10 Best Stocks to invest in 2016 in IndiaTop 10 Best Stocks to Invest in India in 2016


I have been slowly moving from moderate risk to high risk investor and looking for best stocks to invest in India in 2016. I am little cautious about picking up the top large stocks to invest as they would be high volatile these days. I have filtered out best stocks to invest among the NIFTY50 based on several parameters. These top stocks can provide an excellent wealth over a period of medium to long term. Which are the good stocks to invest now? Here is my analysis about top 10 large cap stocks to invest now in 2016.

Also Read: Which stocks Rakesh Jhunjhunwala is investing in May-2016?

How I filtered Top 10 Best Stocks to invest in India in 2016?


I keep telling my friends that don’t just buy a good stock. Buy a good stock at the right time. As an example, Infy was all along a good stock earlier. However, it gave less returns than bank FD interest till few Qtrs back. I have considered several parameters to filter these top 10 best stocks to buy in 2016.

  • These top 10 stocks are from NIFTY50 only. These are large cap stocks, hence relatively safer to invest compared to mid-caps and small-cap stocks.
  • These are picked based on highest returns in last 5 years in large cap stocks. This shows that investors can invest for long term in such stocks.
  • These are picked based on highest returns in last 1 year. This shows that investors can invest it for short term to medium term.
  • These are picked based on highest returns in last 1 month they gave to investors.  This shows that investors can invest for short term too such stocks.
  • Picked up based on recommendations from some of the experts in the markets.

Top 10 Best Stocks to invest in India in 2016


1) IndusInd Bank Ltd


IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactions and electronic banking products and services

  • In the last 5 years, this stock price has increased by 320%. This stock was trading at Rs 267 on 3-Jun-2011 and now currently trading at Rs 1,124.
  • In last one year, this stock price has increased by 120%. This stock was trading at Rs 510 on 3-Jun-2015 and now currently trading at Rs 1,124.
  • In last one week, this stock price has increased by 8%. This stock was trading at Rs 1038 on 3-May-2016 and now currently trading at Rs 1,124.
  • Last week Ashwani Gujral, stock expert recommended to buy this stock
  • Rahul Shah from Motilal Oswal recommends investors to buy this stock.

Harendra Kumar from Elara Capital is of the view that Indus bank is good best in the private banking space

2) Yes Bank


Yes Bank, is India’s fifth largest private sector Bank, co-founded by Rana Kapoor in 2004 Yes Bank is the only Greenfield Bank license awarded by the RBI in the last two decades.

  • Recently it got government approval for increasing foreign investment to 74 per cent.
  • In the last 5 years, this stock price has increased by 260%. This stock was trading at Rs 291 on 3-Jun-2011 and now currently trading at Rs 1,049.
  • In last one year, this stock price has increased by 109%. This stock was trading at Rs 503 on 3-Jun-2015 and now currently trading at Rs 1,049.
  • In last one week, this stock price has increased by 13%. This stock was trading at Rs 931 on 3-May-2016 and now currently trading at Rs 1,049.
  • Arihant Capital says one should accumulate YESBANK now with target price of Rs 1,096.
  • Axis Securities and Emkay Securities give buy recommendations on YESBANK stock.

3) Kotak Mahindra Bank


Kotak Bank is leading bank in India which offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

  • In the last 5 years, this stock price has increased by 250%. This stock was trading at Rs 218 on 3-Jun-2011 and now currently trading at Rs 769.
  • In last one year, this stock price has increased by 100%. This stock was trading at Rs 385 on 3-Jun-2015 and now currently trading at Rs 769.
  • In last one week, this stock price has increased by 9%. This stock was trading at Rs 707 on 3-May-2016 and now currently trading at Rs 769.
  • Sandeep Wagle of powermyhealth.com recommends investors to buy Kotak Mahindra Bank.
  • ICICIDirect recommends to buy this stock with a target of Rs 800.
  • Deen Dayal investments recommends investors to buy Kotak Mahindra Bank

4) Maruti Suzuki


Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.

  • In the last 5 years, this stock price has increased by 240%. This stock was trading at Rs 1,234 on 3-Jun-2011 and now currently trading at Rs 4,218.
  • In last one year, this stock price has increased by 170%. This stock was trading at Rs 1,569 on 3-Jun-2015 and now currently trading at Rs 4,218.
  • In last one week, this stock price has increased by 10%. This stock was trading at Rs 3,820 on 3-May-2016 and now currently trading at Rs 4,218.
  • Prabhudas Lillandher, stock expert adds this stock in their 24 stock monthly model portfolio with a target price of Rs 4,437.
  • Emkay recommends this stock with a target of Rs 4,350.

Also Read: Top Mutual Funds that gave amazing returns in 10 years

5) BPCL


Bharat Petroleum Corporation Limited is an Indian state-controlled oil and gas company headquartered in Mumbai, Maharashtra. The Corporation operates two large refineries of the country located at Mumbai and Kochi.

  • In the last 5 years, this stock price has increased by 225%. This stock was trading at Rs 311 on 3-Jun-2011 and now currently trading at Rs 1,013.
  • In last one year, this stock price has increased by 175%. This stock was trading at Rs 368 on 3-Jun-2015 and now currently trading at Rs 1,013.
  • In last one week, this stock price has increased by 6%. This stock was trading at Rs 954 on 3-May-2016 and now currently trading at Rs 1,013.
  • Prabhudas Lillander recommends this stock for a target of Rs 1,049.
  • KR Choksey recommends this stock to buy for a price target of Rs 1,100.
  • Bharat Petroleum Corporation Ltd has informed BSE last week that the Company has fixed July 14, 2016 as the Revised Record Date for the purpose of determining Members who would be entitled to the Bonus Shares.

6) Zee Entertainment


Zee Entertainment Enterprises Ltd. is an Indian media and entertainment company based in Mumbai, Maharashtra, India. It is a subsidiary of the Essel Group. The Company has 35 channels serving Indian content across India and 169 countries, with the latest being World is One News.

  • In the last 5 years, this stock price has increased by 225%. This stock was trading at Rs 140 on 3-Jun-2011 and now currently trading at Rs 457.
  • In last one year, this stock price has increased by 93%. This stock was trading at Rs 236 on 3-Jun-2015 and now currently trading at Rs 457.
  • In last one week, this stock price has increased by 9%. This stock was trading at Rs 420 on 3-May-2016 and now currently trading at Rs 457.
  • Motilal Oswal recommends to buy with a price target of Rs 500.
  • Edelweiss recommends to buy with a price target of Rs 499.
  • Ashwini Gujral recommends to buy with a price target of Rs 499.

7) Asian Paints


Asian Paints is one of the largest Indian paint company & manufacturer, offering a wide range of painting & waterproofing solutions for homes, offices etc.,

  • In the last 5 years, this stock price has increased by 223%. This stock was trading at Rs 317 on 3-Jun-2011 and now currently trading at Rs 1,025.
  • In last one year, this stock price has increased by 118%. This stock was trading at Rs 469 on 3-Jun-2015 and now currently trading at Rs 1,025.
  • In last one week, this stock price has increased by 18%. This stock was trading at Rs 872 on 3-May-2016 and now currently trading at Rs 1,025.
  • Prakash Gaba.com recommends to buy this stock for a price target of Rs 1,050.
  • Ambarish Baliga says company results are good and recommends this stock to buy.
  • Ashwani Gujaral, stock expert recommends this stock for a price target of Rs 1,040

8) Tech Mahindra


Tech Mahindra is 4th largest Information Technology company in India. It is an Indian multinational provider of information technology, networking technology solutions and Business Process Outsourcing to the telecommunications industry.

  • In the last 5 years, this stock price has increased by 220%. This stock was trading at Rs 172 on 3-Jun-2011 and now currently trading at Rs 552.
  • In last one year, this stock price has increased by 135%. This stock was trading at Rs 235 on 3-Jun-2015 and now currently trading at Rs 552.
  • In last one week, this stock price has increased by 18%. This stock was trading at Rs 467 on 3-May-2016 and now currently trading at Rs 552.
  • Religare recommends to buy this stock for a price target of Rs 610.
  • Prabhudas Lilllandher recommends to buy this stock for a price target of Rs 640.

Also Read: 10 Best Midcap Stocks to invest now in 2016

9) TCS


TCS is the largest IT Company in India. Tata Consultancy Services is an Indian multinational information technology service, consulting and business solutions company headquartered in Mumbai. It is a subsidiary of the Tata Group and operates in 46 countries.

  • In the last 5 years, this stock price has increased by 130%. This stock was trading at Rs 1,152 on 3-Jun-2011 and now currently trading at Rs 2,630.
  • In last one year, this stock price has increased by 79%. This stock was trading at Rs 1,469 on 3-Jun-2015 and now currently trading at Rs 2,630.
  • In last one week, this stock price has increased by 6%. This stock was trading at Rs 2,478 on 3-May-2016 and now currently trading at Rs 2,630.
  • Geogit BNP Paribas recommends to buy this stock for a price target of Rs 2,700.
  • ICICIdirect recommends to buy this stock for a price target of Rs 2,750.

10) Axis Bank


Axis Bank Limited is the third largest private sector bank in India. Axis Bank’s stakeholders include prominent national and international entities. As of 31 Dec. 2013, approximately 43% of the shares are owned by Foreign Institutional Investors.

  • In the last 5 years, this stock price has increased by 120%. This stock was trading at Rs 249 on 3-Jun-2011 and now currently trading at Rs 543.
  • In last one year, this stock price has increased by 90%. This stock was trading at Rs 286 on 3-Jun-2015 and now currently trading at Rs 543.
  • In last one week, this stock price has increased by 15%. This stock was trading at Rs 471 on 3-May-2016 and now currently trading at Rs 543.
  • Volcano investments recommends buying this stock for a price target of Rs 575.
  • Sudharshan Sukhani from S2analytics.com recommends buying this stock.

Readers, what is your view about these best stocks? 

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Suresh
Top 10 Best Stocks to Invest in India in 2016

 

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