LAST UPDATED: Dec. 19, 2020, 10:59 a.m.
New Delhi (Anish Yande): Here are the top 5 stocks suggested by experts to keep an eye on in the year ahead. These stocks have had a promising performance in 2020 and could continue to deliver a stable performance through 2020. Check here to see which stocks of 2020 could most likely prove to be reliable in the year ahead.
Infosys has been a promising investment for investors through 2020, as the company continued to secure several acquisitions along with an increase in cash generation and revenue.
The IT company has secured several strong deal wins even with a trend of cost-cutting measures by clients. On September 30th, 2020, the company’s liquidity in cash amounted to Rs 26,011 crore
Infosys has announced it secured a large deal wins with a contract value of $ 3.15billion. This value is one of the highest ever recorded in Q2FY21.
The IT service company has a relatively debt-free balance sheet with a consistent generation of revenue.
Hindustan Unilever Limited:
Hindustan Unilever Limited has become of the leading producers in the FMCG industries. The company has focused on launching new products, launching more than 100 products within the hygiene and wellness segment alone.
HUL has considerable liquidity at around Rs 5113 crore in cash. The company is also debt-free and is securing acquisitions. HUL has a large distribution network with more than 7 million outlets.
In the past few years, HUL has recorded a growth in earnings by a compound annual growth rate of 17 percent. Comparatively, over the past ten years, the company recorded a compound annual growth rate of 12 percent.
One of the leading pharmaceutical companies in India, Sun Pharma, is a promising investment for 2021. The company recorded a revenue of $410mn from its global specialty business alone.
Through the past six years, the pharmaceutical company invested around Rs 12,600 crore in its R&D branches.
Sun Pharma currently holds a market share of 8.2% in the Indian market. Experts say, the company’s CAGR could grow by 17 percent following FY20.
Crude oil has been on an incline recently, and ONGC has generated
The state-owned crude gas and oil producer has recorded revenue upwards of $61 billion in 2020.
The capital expenditure of the company has been up to Rs 32,000 crore. ONGC spends up to 40% of the expenditure on
capital projects, and up to 25% on exploration drilling and 25% on development drilling.
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