Investment lovers looking for potential market gains in 2024 should take note of Trading’s latest recommendations, featuring seven standout stocks with promising growth projections.
1. PCBL
Leading the charge is PCBL, a giant in the carbon black sector. The company is forecasting exceptional growth over the next three years, with a projected compound annual growth rate (CAGR) of 21% in revenue and a 27% CAGR in profit.
2. Sansera Engineering
Sansera Engineering is another strong competitor, with its net profit estimated to grow by over 48% in fiscal year 2025. Investors are optimistic as the engineering firm expands its abilities in precision components for sectors like automotive and aerospace.
3. NCC Ltd.
In the construction space, NCC is making waves with an order book beating ₹47,000 crore. This powerful channel reflects its ambition to increase revenues by 15% this year, setting NCC as a dominant force in infrastructure development.
4. Tech Mahindra
In the IT sector, Tech Mahindra is setting ambitious goals. The company plans to boost its Earnings Before Interest and Tax (EIT) margin from 6.1% currently to 15% by fiscal year 2027, suggesting strategic investments in digital transformation and operational efficiencies.
5. Tata Power
A leader in India’s solar rooftop market, Tata Power holds a significant 13% market share. With the rise in green energy demand, Tata Power’s focus on renewable energy solutions makes it a solid pick for investors with an eye on sustainability.
6. Natco Pharma
Natco Pharma’s expertise in oncology and niche generics has already set it apart, and the company expects a profit jump of over 30% this fiscal year. Its strength in specialized pharmaceuticals highlights Natco’s strength in the competitive pharma sector.
7. HDFC AMC
Closing the list is HDFC Asset Management Company (HDFC AMC), a mutual fund giant that commands an 11.5% market share. As one of India’s largest asset management firms, HDFC AMC is placed well to capitalize on the country’s growing investment culture.
As always, while these stocks show strong potential, investors are advised to carefully review related documentation and consider market risks before investing.
