Stocks to Add in Portfolio: The Sensex dropped more than 1045 points to 51,495 today, while the Nifty dropped 331 points to 15,360, a new 52-week low. The metal industry took the worst of the blow.
As the stock market continues to be volatile, it is critical for investors to seek out stocks that may provide a good long-term return. We’ve chosen two stocks that are both fundamentally sound and will provide investors with a good return.
Here are the 2 Stocks to Add in Portfolio
1. Marico Ltd
It’s a stock with solid fundamentals. Given the stock’s current price of Rs 484, which has plummeted from a high of Rs 607, investors are getting a terrific deal. Stocks like these don’t fall in value very often, so if the price has dropped by over 20.26 percent, it’s an excellent time for investors to buy.
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It is critical to understand the stock’s fundamentals. It has a 1.91 percent dividend yield, a 36.58 percent return on equity, and a 44.5 percent return on capital employed. The business is nearly debt-free. These are the three most crucial factors to consider for a retail investor. Check to see if the company pays out dividends on a regular basis, as this can be a reliable source of income for investors. These figures indicate that the company has a fair chance of providing you with a good long-term return.[Stocks to Add in Portfolio]
When you look at the shareholding pattern, you’ll notice that 59 percent of the shares are held by promoters, 8% by the public, and 34% by institutions, indicating that this stock has been purchased by qualified investors and institutions. As a result, it suggests that investors should put their money into this fundamentally sound stock in order to profit in the long run.
These stocks can provide a decent return if you include them in your portfolio.
Marico’s Dividend History
Marico has a solid dividend track record, having paid out dividends to investors on a consistent basis over the past five years. The company paid an equity dividend of Rs 9.25 per share in March 2022.
Marico Ltd stock outlook
The current market price per unit is Rs 424. The 52-week high and low are Rs 607 and Rs 455, respectively. Marico Ltd is a company based in the United Kingdom. Marico Limited is a significant consumer goods company in India, specializing in worldwide beauty and health. According to its official website, Marico nurtures premier brands in hair care, skin care, edible oils, immunity boosting and nutritious meals, male grooming, and fabric care.[Stocks to Add in Portfolio]
About Marico Limited
Marico Limited (Marico) is a company in the personal products sector. The total valuation (market value) of the company is ₹63,754 crore. The price of one share of the company is ₹480.25 in BSE market today and ₹480.05 in NSE market today. Marico Limited was established in the year 1988. [Stocks to Add in Portfolio]
As per the report provided by the company, the total income for the last year stood at Rs.6,164 crore and the total sales stood at Rs.5,853 crore. The company’s net profit stood at Rs 1,006 crore. Marico Limited has paid tax of Rs.219 crores in the current year.
2. Havells India Ltd
It is a publicly traded corporation with a substantial market capitalization. With a loss of 1.81 percent, the current market price is Rs 1093. The stock’s P/E ratio is 57.25. It has a 0.69 percent dividend yield. The return on equity is 21%, while the return on capital employed is 27.6%. These figures show that the stock is fundamentally sound. The business is practically debt-free and is expected to deliver a strong quarter. [Stocks to Add in Portfolio]
For the quarter ending March 2022, the consumer electronics company recorded a 16 percent increase in overall net profit to Rs 352 crore. In FY2022, revenue from operations increased by 32.55 percent to Rs 4,4426 crore. These figures suggest that investors should consider adding this company to their portfolio for a decent return. Promoters own 59.52 percent of the stock, 8.69 percent of the stock is publicly traded, and roughly 31 percent of the stock is held by institutions.
Havells India is a company based in India
The company has a strong dividend history, having given dividends on a regular basis for the past five years. The corporation paid a dividend of Rs 7.5 per share earlier this year in March.
The current market price of the stock is Rs 1093 per share. The 52-week high and low for the stock are Rs 1504 and Rs 958, respectively. About the Business: Havells India Limited is a prominent power distribution equipment manufacturer and a leading Fast Moving Electrical Goods (FMEG) company with a strong global presence.
According to its official website, Havells has enviable market dominance across a wide range of products, including Industrial and Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, and Luminaires for Domestic, Commercial, and Industrial Applications. [Stocks to Add in Portfolio]
About Havells India Ltd
Havells India Limited (Havells India) is a company in the Other Electric Equipment / Products Sector. The total valuation (market value) of the company is ₹69,716 crore. The price of one share of the company is ₹1,094.45 in BSE market today and ₹1,094.45 in NSE market today. Havells India Limited was established in the year 1983.
As per the report provided by the company, the total income for the last year stood at Rs 9,541.18 crore and the total sales stood at Rs 9,429.2 crore. The company’s net profit stood at Rs 733.03 crore. Havells India Limited has paid tax of Rs-239.79 crore in the current year. [Stocks to Add in Portfolio]
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