10 Best Companies to Invest in India for Beginners – Yahoo Finance

In this piece, we will take a look at the ten best companies to invest in India for beginners. For more companies, head on over to 5 Best Companies to Invest in India for Beginners.
India is one of the largest countries in the world when it comes to the economy and the second largest when it comes to population. This lends it unique advantages and enables the companies that operate in the country to grow massively as they have a large population at their disposal to sell products and services. India’s stock exchanges are also among some of the largest in the world. The primary exchange in the Asian country is the National Stock Exchange (NSE) which is based in India’s financial center and one of the most lucrative cities in the world, Mumbai. The NSE is the world’s eighth largest stock exchange in terms of market value as of September 2022, as its total market capitalization stood at $3.3 trillion. Additionally, it was ranked as the fourth largest exchange in the world in 2021 in terms of cash equities traded. A total of $164 billion  worth of equities were traded on the NSE in September 2022, placing its rank at number 11.
While the NSE is among the top ten exchanges in the world when it comes to the total number of companies that are listed on it, the ranking drops as it is reflective of a broader trend in India where firms generally do not turn to the broader stock market to raise capital through public finance. A total of 2,126 companies had been listed on the NSE in September this year, placing it below all major Asian Pacific exchanges including those in China, Australia, and Japan.
However, the NSE is not the only major Indian stock exchange, with the other being the BSE which is also the oldest stock exchange in India as it was set up in 1875. Out of the two, the NSE is more technologically advanced while the BSE is larger when it comes to the total number of companies listed. A stark contrast between the two is that the BSE continued to rely on paper trades until as recently as 1995, while the NSE was set up with electronic trading as its foundation in 1992.
Moving towards the Indian economy, it was worth a massive $11.6 trillion in 2022, making it the third largest in the world in terms of purchasing power parity, with only the United States of America and the People’s Republic of China surpassing it. Services accounted for the majority of the economy, with a 54% share. However, unemployment stood at a painful 7.7%, and the bulk of the labor force was employed in agriculture. Manufacturers fueled India’s $421 billion worth of exports during the fiscal year 2022, but the country nevertheless ran a $39 billion current account deficit. The U.S. was India’s largest trading partner and the country also had $547 billion in foreign exchange reserves, which were the fifth largest in the world and more than sufficient to fund both its imports and its current account deficit for more than a year, lending it stable credit rating. India did however runs a larger public sector debt of $2.9 trillion and had a gross external debt of $617 billion as of  June 2022.
In today’s piece, we will focus on a handful of Indian companies, some of which also list their American Depository Receipts (ADRs) on U.S. stock exchanges. Out of these, the top picks are Reliance Industries Limited (NSE:RELIANCE.NS), Tata Consultancy Services Limited (NSE:TCS.NS), and HDFC Bank Limited (NYSE:HDB).
Photo by Smartworks Coworking on Unsplash
Our Methodology
We took a look at the countless Indian firms that trade on the NSE and U.S. exchanges to narrow down those whose share prices are relatively stable and might be suitable for the current turbulent environment. Technology companies have been avoided, and banks and energy firms have been preferred, and the list is sorted according to market capitalization in U.S. dollar terms.
Market Capitalization as of December 5, 2022: $35.7 billion (1INR = 0.012USD)
Larsen & Toubro Limited (NSE:LT.NS) is a Mumbai based firm that offers engineering and construction services to several different industries. These include the oil and gas sector, to which the firm provides turnkey solutions for coal and gas thermal power plants. Additionally, Larsen & Toubro Limited (NSE:LT.NS) also serves the needs of the defense sector, alongside providing engineering equipment to the fertilizer and nuclear industries.
Crucially, Larsen & Toubro Limited (NSE:LT.NS) is also an international player that provides turnkey solutions to the power industries in several different countries including the UAE, Qatar, Kuwait, Malaysia, Saudi Arabia, and Thailand. Its subsidiaries also operate in the financial world, in the form of mutual funds and financial holdings. The firm raked in Rs 519 billion in revenue during its second fiscal quarter of 2023, to mark for 23% annual growth.
Larsen & Toubro Limited (NSE:LT.NS)’s latest market capitalization is $35.7 billion.
Along with Tata Consultancy Services Limited (NSE:TCS.NS), Reliance Industries Limited (NSE:RELIANCE.NS), and HDFC Bank Limited (NYSE:HDB), Larsen & Toubro Limited (NSE:LT.NS) is a strong Indian stock.
Market Capitalization as of December 5, 2022: $49.3 billion (1INR = 0.012USD)
Adani Total Gas Limited (NSE:ATGL.NS) is a natural gas company that is headquartered in Ahmadabad. The firm sells pipeline natural gas to commercial and residential customers and compressed natural gas for automotive use. It has hundreds of filling stations all over India.
For the first half of the fiscal year 2023, Adani Total Gas Limited (NSE:ATGL.NS) added 33 new CNG stations to its portfolio, enabling it to operate 369 stations all over India. During the same time period, the firm added 61,000 additional customers to its pipeline business. Adani Total Gas Limited (NSE:ATGL.NS)’s operational revenue stood at Rs 23 billion for the first fiscal half, and this narrowed down to Rs 2.77 billion in profit after tax. The company is also aiming to set up a 1,500 electric vehicle charger network across India, in key locations such as airports.
As of December 5th, 2022, Adani Total Gas Limited (NSE:ATGL.NS) had a market capitalization of $49.3 billion.
Market Capitalization as of December 5, 2022: $50.8 billion (1INR = 0.012USD)
ITC Limited (NSE:ITC.NS) is one of the oldest companies in India that was set up in 1910. The firm is headquartered in Kolkata, and it is a diversified business that operates in the fast moving consumer goods (FMCG), hospitality, agriculture, and information technology industries, among others.
ITC Limited (NSE:ITC.NS)’s quarter that ended in September 2022 saw the firm grow its revenue by 27% annually, with the hospitality segment powering growth by returning to pre pandemic levels and boosting its revenues by 82% year on year. However, ITC Limited (NSE:ITC.NS)’s agriculture business was the star of the show as it leveraged a global commodity crisis to grow wheat, rice, and leaf tobacco exports. This enabled the agriculture segment to post a 44% annual revenue growth.
ITC Limited (NSE:ITC.NS)’s latest market capitalization is $50.8 billion.
Market Capitalization as of December 5, 2022: $60.2 billion (1INR = 0.012USD)
Bharti Airtel Limited (NSE:BHARTIARTL.NS) is a telecommunication company that is headquartered in New Delhi. The firm provides services to close to 500 million customers in more than 15 countries. Its services include voice, data, wireless internet, broadband internet, and mobile commerce.
Bharti Airtel Limited (NSE:BHARTIARTL.NS)’s large customer base makes it one of the biggest telecommunications companies in the world. In fact, as of September 2022, the firm was the second largest mobile carrier in the world, coming second only to China Mobile. Bharti Airtel Limited (NSE:BHARTIARTL.NS) raked in Rs 4.2 billion in revenue during its fiscal year 2022, and its assets stood at Rs 363 billion.
Bharti Airtel Limited (NSE:BHARTIARTL.NS) has a $60.2 billion market capitalization.
Market Capitalization as of December 5, 2022: $65.9 billion (1INR = 0.012USD)
State Bank of India (NSE:SBIN.NS) is a regional Indian bank that is one of the oldest companies in the country since it was set up  in 1806. The bank provides personal banking services such as savings and current accounts; a variety of loans such as home, auto, education, and gold loans; and corporate banking services such as working capital finance and term loans.
The State Bank of India (NSE:SBIN.NS) traces its roots to the Imperial Bank of India, which was the Indian central bank during British rule. The bank raked in a whopping $52 billion in revenue in 2022, which translated into $5.5 billion of net income. Its largest shareholder is the Reserve Bank of India or the Indian central bank. The State Bank of India (NSE:SBIN.NS) also has a diverse global presence. It operates in 36 different countries such as Canada, China, Australia, Sri Lanka, and Nepal. Additionally, the bank also dabbles in capital markets, the insurance industry, and the mutual fund sector.
The State Bank of India (NSE:SBIN.NS)’s market capitalization as of December 5th, 2022 stood at $65.9 billion, and its total assets stood at $694 billion as of 2021 end, making it one of the 100 largest banks in the world.
Click to continue reading and see 5 Best Companies to Invest in India for Beginners.
Suggested Articles:
16 Largest Semiconductor Companies by Market Cap
16 Biggest Mining Companies in the World
15 Most Famous Investment Gurus of All Time
Disclosure: None. 10 Best Companies to Invest in India for Beginners is originally published on Insider Monkey.
Related Quotes
Markets started the week on the lower end, though energy stocks opened higher.
Soochow University Chair Professor & Center for China and Globalization Vice President Victor Gao, discusses China's former leader Jiang Zemin's legacy. He speaks with Bloomberg's Rishaad Salamat on "Bloomberg Markets: China Open."
Google's Jigsaw subsidiary is launching a new anti-misinformation project in India, aimed at preventing misleading information that has been blamed for inciting violence, a top executive said. The initiative will use "prebunking" videos – designed to counter false claims before they become widespread – circulated on the company's YouTube platform and other social media sites. Google's efforts to challenge the spread of misinformation mark a contrast with rival Twitter which is cutting its trust and safety teams, despite new owner Elon Musk saying it will not become a "free-for-all hellscape".
ISLAMABAD (Reuters) -Pakistan's Supreme Court set up a panel of five judges on Tuesday to supervise an investigation into the death of a prominent journalist who was shot and killed in Kenya, the court said. Journalist Arshad Sharif, 50, was killed on Oct. 23 while travelling in a vehicle on the outskirts of the Kenyan capital of Nairobi. Kenyan police said it was a case of mistaken identity.
RIYADH (Reuters) -Saudi Arabia aims to increase trade with Beijing and discuss regional security when China's president visits Riyadh this week, with the kingdom seeking to expand superpower ties beyond the increasingly fractious alliance with the United States. Crown Prince Mohammed bin Salman is expected to mark Xi Jinping's arrival on Wednesday with a lavish welcome that diplomats in the region have said may contrast starkly with the muted reception offered to U.S. President Joe Biden in July. That reflects what Saudi state news agency SPA described as the "strategic partnership" that is emerging between China and Saudi Arabia, its main oil supplier, after years of growing ties.
Danielle says she decided to stay in her home with her two sons with disabilities when Hurricane Ian hit the Florida coast. However, she says she quickly regretted her decision. “I have never been so terrified in my life, thinking that we were all going to die,” Danielle says. “We were trapped with nowhere to go.” Danielle says the water quickly started to rise in her home, getting as high as the window, while it covered her neighborhood. “I felt like I was going to be the reason that we didn’t survive,” she says. In the video above, Danielle describes the emotional journey she went through the day the hurricane hit and what she did to keep herself and her sons alive. On Monday’s episode of Dr. Phil, “Overcoming Disaster,” hear why Danielle says she’s still struggling and has “tremendous” guilt. Plus, a family who survived a tornado shares how it continues to affect them almost 10 years later. Check local listings to see where you can watch. WATCH: Family Says Son Was Never The Same After He Was Pulled From The Rubble Of A Tornado At 9 Years Old TELL DR. PHIL YOUR STORY: Are you involved in a story making headlines?
In this article, we will discuss the 12 best undervalued energy stocks to buy. If you want to explore similar stocks, you can also take a look at 5 Best Undervalued Energy Stocks to Buy. 2022 has been the year for energy stocks. While all sectors of the economy fluctuated, the energy sector remained relatively […]
Market downturns can be gut-wrenching for traders, but at the same time, they bring a once-in-a-decade opportunity for investors to buy dirt-cheap stocks that can boost their portfolio's returns over the long term. Here's why Macy's (NYSE: M) and Wayfair (NYSE: W) could be great bets heading into the new year. Macy's stock price is up roughly 371% since early April 2020, shortly after the pandemic lockdowns first started to ease.
COVID-19 protests across China resulted in officials easing restrictions, leading residents to feel empowered after years of 'draconian' laws
Tech workers are rallying together to help peers who face having to leave the US after being laid off.
EPINAY-SOUS-SENART, France (Reuters) -Mohamed Assam went to buy groceries at a supermarket close to his home near Paris one April afternoon in 2020. By the time he returned, he had incurred more than 900 euros in fines for nine different infractions without once, he said, coming into contact with a police officer. The 27-year-old from the Paris suburb of Epinay-sous-Senart said he learned of the fines about a week later, when he received notifications in the post. His alleged offences, which he is contesting, include violating COVID-19 lockdown rules and lacking correct headlights on his quad bike, according to the notices he received from an interior ministry agency reviewed by Reuters.
(Bloomberg) — Prime Minister Narendra Modi’s party looks set to retain power in the key state of Gujarat after regional elections, exit polls predict, indicating strong support for India’s premier 18 months before a national vote could return him to office for a third term.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapThird Russian Airfield Hit by Drone as Moscow Accuses UkraineEx-Deu
Solid investment in hydrogen development and increasing wind energy capacity additions amid the U.S-EU trade dispute are likely to impact alternative energy stocks. You may buy TPL, DINO and CWEN.
Amazon looks attractive right now. But the Oracle of Omaha hasn't even taken a nibble — so far.
Yahoo Finance tech editor Dan Howley details Microsoft's plans to increase the cost of its new Xbox games starting in 2023.
President Vladimir Putin on Monday drove a Mercedes across the Crimean Bridge linking southern Russia to the annexed Crimean peninsula, less than two months since an explosion tore through one of the Kremlin chief's showcase infrastructure projects. The 12-mile (19 km) road and rail bridge, which was personally opened by Putin in 2018, was bombed on Oct. 8 in an attack Russia said was carried out by Ukraine. Putin, accompanied by Deputy Prime Minister Marat Khusnullin, was shown on state television behind the wheel of a Mercedes, asking questions about where the attack took place.
CrowdStrike (NASDAQ: CRWD) and Palo Alto Networks (NASDAQ: PANW) represent two very different ways to invest in the growing cybersecurity market. CrowdStrike operates a cloud-native platform that eliminates the need for on-site appliances (which can be expensive and difficult to scale as an organization expands). Palo Alto provides a diverse mix of on-site appliances, cloud-based services, and artificial-inteligence-powered threat detection tools.
NBCUniversal CEO Jeff Shell weighed in on Hulu's complicated future with Disney.
U.S. Bancorp (NYSE: USB) has finalized its $8 billion acquisition of MUFG Union Bank's regional banking franchise, a sale with ramifications for Portland customers as U.S. Bank bolsters its West Coast presence. Minneapolis-based U.S. Bancorp, parent company to U.S. Bank National Association, bought the retail business from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) in a deal whose closure was announced Dec. 1. The acquisition, unveiled in 2021, only recently received needed regulatory clearances from the U.S. Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corp, according to the Minneapolis/St. Paul Business Journal.
Warren Buffett once said: "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies." The Nasdaq Composite has slipped into a bear market, and many stocks have fallen sharply during the downturn. For instance, Microsoft (NASDAQ: MSFT) and Netflix (NASDAQ: NFLX) have seen their share prices plunge 26% and 54%, respectively, marking their worst declines of the past decade.


Leave a Reply

Your email address will not be published. Required fields are marked *