Where to invest is the biggest question in everyone’s mind right now. With so many options available in the market, making a profitable and wise decision is very difficult. With India growing rapidly and becoming an Asian financial super-power, the time is perfect to make a sensible investment. Following trends is certainly a tempting proposition, however making an investment based on your gut feeling sometimes pays off. We look at the top 5 sectors to invest your hard earned money in.
Infrastructure has always been a safe investment option for many decades. However, the time to invest in infrastructure right now is better than ever before. The reason being that infrastructure growth is directly affected by the growth in economy. With the government planning to build 100 smart cities, the need for solid infrastructure will definitely be in demand. There are a few stocks to look out for. Some of them are IRB Infra. Adani Ports, Larsen and Toubro, IVRCL, Triveni Engineering, and a few more.
Banking has been a safe bet for investment. With the recent lowering of Repo rates and recapitalization of PSU banks, investor confidence in this sector has definitely increased. India is moving towards becoming a huge financial hub, and the banking sector will play a huge role in financing this movement. Some of the stocks to look out for are ICICI Bank, Axis Bank, PFC, SBI, and REC among others.
People has never really looked at the railway sector as a beneficial sector to invest. However, with the government’s recent decision to improve the railway sector is a step in the right direction. The railway ministry has already chalked up a plan of close to 400 new stations across India. With so much expansion, the railway sector is definitely looking upward. Some of the major stocks to look at are Texmaco, Titagarh Wagons, Larsen and Toubro, and Kalindee Rail.
The defence sector is definitely a growing sector. The government of India has also taken up many initiatives to attract investments from various international defence companies. This is certainly the right time to invest in this sector. With a boom coming up, you certainly do not want to lose out on any possible profit. Some of the stocks to look out for are Bharat Electronics, Ashok Leyland, Bharat Forge, Larsen and Toubro, Astra Microwave Products, and Mahindra & Mahindra.
The automobile industry is one of India’s largest sector. India is currently the 6th largest producer of automobiles in the world. This ranking is expected to go up and India is projected to be among the top 3 producers in the world. Such expansion plans could only mean one thing – growth of the automobile sector. Investment in the automobile sector at this stage will certainly reap benefits. Some of the major stocks to look out for are Mahindra & Mahindra, Maruti Suzuki, TVS Motor, Wheels, Bosch, and Eicher Motors.