Stocks to purchase for the long term: Despite challenges including high interest rates, geopolitical unrest, and worries about a global economic recession, the Indian stock market has experienced remarkable gains this year. As of September 19, the Nifty 50 had gained 17% of its value this year, while the Sensex had gained 15%.
Both indices are at all-time highs, and given the likelihood of strong economic growth and the substantial inflow of retail money, the outlook is still favorable. Additionally, it is anticipated that the US rate drop will lead to a new influx of international capital, further strengthening the market.
In the midst of the market’s optimism, experts advise being cautious to avoid getting carried away by the excitement. Rather, they advise securing long-term gains by firmly establishing a portfolio in high-quality stocks with solid fundamentals.
The following five equities are ones that Sneha Poddar, VP-Research, Wealth Management at Motilal Oswal Financial Services, suggests long-term investors purchase. Look at this: Kaynes Technology India | ₹5,550 as the target price Notable for its end-to-end and Internet of Things-enabled integrated electronics manufacturing, Kaynes Technology boasts a robust order book growth and a higher percentage of Box Build (about 42% in FY24) and PCBA (almost 55%). In order to guarantee growth for FY25, Kaynes Technology acquired three significant long-term orders in the industrial and EV, aerospace and space, and medical industries.