Evergreen Stocks You Can Invest In Without Hesitation

While stock markets are difficult to predict, some stocks are relatively safer due to the nature of their business

For new investors, the stock markets can be a bit challenging to understand initially. The constant fluctuations in share prices can restrain new investors from making big investments. However, instead of completely avoiding equity investments, users need to choose stocks that are relatively safer. If you are not sure which stocks to pick, here are some evergreen stocks that you can confidently invest in.

Reliance Industries – With presence in petroleum, retail, telecom and entertainment, Reliance Industries Ltd. is among the evergreen stock options you can consider. While the world is shifting to electric vehicles, the complete shift will take several decades. Moreover, Reliance Industries Ltd. has already diversified into other industries such as retail and telecom. In the future, Reliance Industries will further expand to new industry segments. The company’s market capitalization is $233.1 billion. In the petrochemical domain, you can also consider other evergreen stocks such as BPCL, HPCL, ONGC and other govt-owned entities.

State Bank of India (SBI) – In terms of total assets, State Bank of India is the largest bank in India. SBI’s assets are valued at a humongous $807.4 billion. Its market capitalization is $87.6 billion. SBI has a presence in various segments such as retail banking, treasury services and corporate/wholesale. Banking sector is usually an evergreen option to invest. In that context, you can also consider other banking stocks such as HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, etc.

Tata Consultancy Services (TCS) – The dominance of Indian tech companies like TCS will continue in the coming years. TCS market capitalization is valued at $166.5 billion. Information technology is an industry that will continue to grow. Even though AI can also generate codes now, it is unlikely to have any major impact on the future of IT companies like TCS. On the contrary, the evolution of AI and Machine Learning and Automation will actually create more opportunities in the IT sector. In the tech space, you can also consider other stocks such as Infosys, HCL Technologies, Wipro, Tech Mahindra, etc.

Life Insurance Corporation of India (LIC) – With a pan-India presence and offering a wide range of insurance plans, LIC will continue to register stock growth in the coming years. A recession can impact revenues of an insurance company, but such developments are only for short periods and unlikely for a fast-developing country like India. LIC market capitalization is valued at $73.6 billion and it has assets worth $561.4 billion. In the insurance sector, you can also consider other stocks such as SBI Life, HDFC Life, ICICI Prudential Life, General Insurance Corporation, ICICI Lombard, New India Assurance, Star Health and Go Digit.

Bharti Airtel – After China, India has the highest number of smartphone users. And the numbers are constantly growing. Making it possible are telecom companies like Bharti Airtel. Market capitalization of Bharti Airtel is valued at $91.5 billion. It has assets worth $53.3 billion. Another great thing about Bharti Airtel is that the company has a presence in select global markets including Africa. Bharti Airtel will be looking to add more new international locations in the future. In the telecom sector, you can also consider other stocks such as Indus Towers, Polycab India, etc.

Maruti Suzuki – With market share of more than 40%, Maruti Suzuki has a commanding position in the Indian auto industry. The company has also been aggressively focusing on export markets, where it has achieved good results with cars like Fronx, Jimny, Baleno, Dzire, S-Presso, Grand Vitara and Ertiga. Maruti’s focus on alternative fuels such as CNG and hybrids have enabled a significant sales boost. In the future, Maruti will also launch electric cars. As of now, Maruti Suzuki has a market capitalization of $46.33 billion. If you are looking at auto stocks, you can also consider other reliable options such as Tata Motors, Mahindra and Mahindra, Bajaj Auto, Hero MotoCorp, etc.

ITC – With a diversified business portfolio, ITC is a safe bet for long-term investment. The company has presence in FMCG, paper products, packaging, hotels, information technology and agribusiness. A significant percentage of the revenue comes from tobacco products, which essentially have evergreen demand. ITC has a market capitalization of $65.4 billion and assets worth $10.5 billion. As equity investments in FMCG companies are relatively safer, you can consider other options also such as Hindustan Unilever, Nestle India, Godrej Consumer Products, Britannia, Dabur, etc.

Coal India Ltd. – In a developing country like India, coal is an important energy resource. Around 55% of India’s energy needs are met through coal. As of now, India is the second largest producer of coal. Working with its subsidiaries, Coal India produces more than 80% of the country’s total coal production. The Indian government has stated that it will continue to use coal for several decades. Due to these factors, investing in Coal India is a safe bet. Coal India currently has a market capitalization of $34.8 billion. It has assets of $28.5 billion. If you are looking at mining stocks, you can also consider other good options such as Vedanta Ltd., NMDC Ltd., etc.

JSW Steel – While excelling in the steel sector, JSW Steel also has presence in other industry segments such as energy, cement, infrastructure, real estate and paints. With the infrastructure and auto segment in India growing at a rapid pace, companies like JSW have a bright future ahead of them. JSW Group has presence in international markets as well such as the USA, Europe, UAE and Africa. JSW Steel has a market capitalization of $26.6 billion and assets worth $27.4 billion. If you are looking at metal stocks, you can also consider other good options such as Tata Steel, Hindalco Industries, Hindustan Zinc and Steel Authority of India.

Tata Power Company Limited – India’s energy needs are constantly on the rise. Meeting the ever-increasing power demand of the country are entities like Tata Power Company Limited. It focuses on electric generation and distribution. In addition to traditional power generation sources, Tata Power has also stepped-up focus on renewable energy sources such as solar and wind. The company also operates in international locations such as Saudi Arabia, Dubai, Kuwait and Algeria. Tata Power has a market capitalization of $16.7 billion. In the energy space, you can also consider other good stock options such as Power Grid Corporation, Adani Green Energy, Adani Power, etc.