Investing in the Indian stock market offers an encouraging opportunities for growth and wealth creation. India’s strong economy, a large consumer base, and a developing business environment have led to the emergence of several successful companies, investing in which provides exposure to a dynamic and rapidly growing economy.
However, while investing in any company, it’s important to conduct thorough research about its key specifications. By adopting a well-judged approach, you can navigate the market effectively and assess where to invest your hard-earned money.
Check out this list of the top 5 Indian company stocks in which you can consider investing.
1. Reliance Industries Ltd
Reliance Industries Limited is one of the largest and most diversified companies in India. With operations stretching across energy, petrochemicals, media, textiles, and natural gas industries, this firm is headquartered in Mumbai.
In the year 2022, Reliance Industries Ltd. recorded an impressive revenue of $99 billion, which resulted in a net income of $8.5 billion. The richest man in India, Mukesh Ambani is the largest single shareholder in this company and holds a 49.5% stake in the company which effectively grants him majority control over the company with the support of a couple of other shareholders, while the remaining shares of Reliance Industries Ltd. belong to the public.
2. TCS
TCS (Tata Consultancy Services) is a versatile corporation that has a presence in various sectors including banking, insurance, financial services, manufacturing, communications, and more, with its headquarters in Mumbai.
As a multinational establishment, Tata Consultancy Services operates across all continents. In the first half of 2022, the firm employed an impressive amount of workforce exceeding 6,00,000 employees and also achieved a remarkable revenue of $25 billion in its financial year 2022.
3. HDFC Bank
HDFC Bank Limited is one of the largest banking institutions in India that has an extensive network of several branches and even more banking outlets. This bank offers a wide range of accounts including salary, current, pension, and savings accounts.
In the year 2022, HDFC Bank Limited recorded an impressive revenue of $21 billion which resulted in a net income of $4.8 billion. As of June 2022, it operates in 3,203 cities. The largest hedge fund shareholder, Rajiv Jain has a substantial investment of $1.1 billion that comes via 19 million shares.
4. Infosys
Infosys Limited is a technology company that provides services including infrastructure management, application and product development, and software platforms development that support artificial intelligence and financial management, with its headquarters in Bengaluru.
Infosys Limited was also the first Indian company to list its American Depository Receipts (ADRs) on the NASDAQ stock exchange, through a listing in 1999. The shares were later shifted to the NYSE for enhanced accessibility to European capital. The largest investor of Infosys, Ken Fisher’s Fisher Asset Management, holds an impressive 16.9 million shares in the company that are worth $287 million.
5. ICICI Bank
ICICI Bank Limited is another Indian bank that is headquartered in Mumbai. This bank provides a range of services including retail banking, wholesale banking, treasury operations, insurance, and other services which include pension management, a variety of loans, and micro banking services.
ICICI Bank Limited is also a development finance company that has an extensive network of branches all over India. Additionally, this bank has a global presence with subsidiaries established in several countries including the US, Qatar, Oman, UAE, and Indonesia. In the year 2022, the bank achieved an impressive revenue of $20 billion.
