Here are some lists to watch out some good fundamental and technical stocks in 2024
Under 100 rs stocks, which means we are investing in penny stocks, which might be risky.It takes a lot of time to get in profit.Profitable rate is quite being slower but if you invest in best stocks you will be in profit.Every companies share starts with minimum amount then it gets increases time to time.As we can see ratanpower which is also an good share price of 9 rs but now its going 17 rs.So if you get your small profits in penny stocks you will get profitable,don’t look for big profits.
1. Vodafaon Idea :This stock manily comes under mobile telecom in india.Due to some bad fundamentals this shares loses its price range
Current performance:
Price range – Starts from 10-12 rs
Market cap – 35,000 crores
P/E ratio – Not mentioned as current
Why buy this stock:These stocks mainly focused on telecom operators in india.Due to heavy debts, and loan companies would not be able to handle all fundamental and technical indicators.Now this stock again rising and government also supports this stock which is an positive news for buyers who invested in this stock.As in this sector day by day increases mobile network and their recharge plans by people.As they need good connectivity of 4G and 5G.
2. Yes Bank Ltd : This share comes in the bank sector, which provides loans and schemes.As per the current performance, it shows slight movement towards upward.
Current Performance:
Price range – 15-20 rs
Market cap – 45,000 crores
P/E ratio – 15.5
Why buy this stock for future:
Now, yesbank clearing and managing all non performing assets(NPAs).The recent this stocks jumps more than 20rs now it holds also enhacing retail banking service make it strong position in future.In all bank sectors yesbank comes in the lowest price range.If buyers looking to hold for long they can buy lot of quantities.
3. Suzlon Energy : This stock really impressed many people.It really boosted its growth after indian Prime Minister narendra modi speech that the next generation is mainly looking for more use of renewable energy.As per the current information this stocks really makes a good movement.
Current performance-
Price range – 8-10 rs
Market cap – 7,000 crores
P/E ratio – Not issued
Why buy suzzlon energy:
This is the best sector in renewable energy, mainly suzzlon focused on wind energy.Despite its financial challenges,the company has a stronger book order, which really makes india a renewable country in the future.As government also wants to make eco friendly and promotes green energy.
4. Reliance Power: This company comes under the worlds richest person, mukesh ambani, who diverse the projects in india.They also come in this sector, which includes thermal,hydro, and renewable energy.
Current performance:
Price range – around 15-18 rs
Market cap – 5,000 crores
Revenue growth: As per long-term, good sign
This company reliance power mainly focuses on reducing debt and improving operational efficiency.As per the government, which supports all the stocks that are coming under renewable energy.This share need to hold in long race.So buyers have to wait for long term if they need a good profit.
5. RattanPower: This is the finest stock in this power sector, which focuses on thermal power.This is a very old stock founden on 2007.This company owns and government books an order of power plants to produce electricity.
Current performance:
Price range – Approximately 15-17 rs
Market cap – Around 1,200 crores
This company is also involved in developing and operating large-scale coal-based projects.This stocks really makes a good balance in fundamental and technical aspects.It reduces all the debts and aims to improve the power sector which provide a favorable environment for RattanIndia Power.This stocks meant to be best in long term for buyers.Investers can research fully by checking its balance sheets by analyzing fundamental and technically perspectives to check whether to buy this stock for long term or not.
6. Jp Power : This stock is also similar to rattanpower. Mainly, this sector comes under power generation, which provides interest in thermal,hydro, and cement production.It was founded in 1994.
Thermal power plant :
Nigrie thermal power plant : It is located in madhya pradesh with a capacity of 1,320MW.
Bina Thermal Power plant : Located in madhya pradesh with a capacity of 500MW.
Hydroelectric power plant :
Vishnuprayag: It is located in uttrakhand with a capacity of 400MW.
Baspa II Hydroelectric project: Located in himachal pradesh with a capacity of 300MW.
Cement production: This company also handles this cement sector
Current Performance:
Stock price range – Approximately 18-19 rs
Market cap – Around 3,500 crores
This company has faced challenges about clearing all high debts for long growth.As per the increase in the demand for energy and infrastructure development.For investing in this stock, it is a good option that mainly comes under the power sector for long term in 2024.
So we covered all the stocks where you can check all their cash flow balance sheets and further aspects and get their in your portfolio.