Top 10 Best Stocks to Buy in August 2024

In this article I am going to share you some amazing stocks which you can buy in August 2024. I have listed these share on the basis of previous growth and future protentional. Also these share’s has performed very well in terms of Annual profit as well. So let’s begin,

1. Suzlon Energy Ltd

Return in Last one Year : 287.88%

Suzlon Energy is an Indian multinational wind turbine manufacturer based in Pune. In 2015, Suzlon has installed approximately 17,000 MW of wind generating capacity across 18 countries. In 2016, the firm operated fifteen production plants and employed more than 8,000 people worldwide. On January 17, 2017, Suzlon Energy reached the 10,000 megawatt installed wind energy milestone in India. It has important installations in India, including Jaisalmer Wind Park in Rajasthan (1064 MW), Kutch in Gujarat (1100 MW), Sakri in Maharashtra (650 MW), Eastern Ghats in Tamil Nadu (584 MW), and Satara in Maharashtra (210 MW).

2. Zomato Ltd

Return in Last one Year : 175.41%

Zomato is an Indian multinational restaurant aggregator and meal delivery service. It was started by Deepinder Goyal and Pankaj Chaddah in 2008. As of 2022-23, Zomato provides restaurant information, menus, and user ratings, as well as meal delivery from partner restaurants in over 1,000 Indian cities and villages. Zomato competes with Swiggy in the food delivery and hyperlocal market.

3. RattanIndia Power Ltd

Return in Last one Year : 254.08%

RattanIndia, originally RattanIndia Infrastructure Ltd., is an Indian firm that operates in the energy industry. The company’s primary concentration was on coal and thermal power.

4. Tata Motors Ltd

Return in Last one Year : 78.05%

Tata Motors Limited, an Indian multinational automotive business headquartered in Mumbai, is a component of the Tata Group. The company makes autos, trucks, vans, and buses. Subsidiaries include British Jaguar Land Rover and South Korean Tata Daewoo. Tata Motors has joint ventures with Hitachi and Stellantis that produce car parts for Fiat Chrysler and Tata-branded automobiles. Tata Motors operates auto manufacturing and vehicle factories across India, including Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad, and Pune, as well as Argentina, South Africa, the United Kingdom, and Thailand. It has R&D facilities in Pune, Jamshedpur, Lucknow, Dharwad, India, South Korea, the United Kingdom, and Spain.

5. Indian Railway Finance Corp Ltd

Return in Last one Year : 324.17%

The Indian Railway Finance Corporation is a public sector organization in India that raises funds for growth and operations through capital markets and other borrowings. The Government of India owns the majority of the corporation, although the Ministry of Railways maintains administrative authority.

6. Rail Vikas Nigam Ltd

Return in Last one Year : 379.82%

Rail Vikas Nigam Limited is an Indian central public sector organization that serves as the Ministry of Railways’ construction arm for project execution and transportation infrastructure development. It was founded in 2003 to satisfy the country’s growing infrastructure needs, perform projects quickly, and establish a railway equipment building firm. RVNL is a Navratna PSU in India, administered by the Ministry of Railways, Government of India.

7. Bharat Electronics Ltd

Return in Last one Year : 137.58%

Bharat Electronics Limited is an Indian government-owned aerospace and defense electronics firm. It primarily produces innovative electrical equipment for terrestrial and aircraft applications. BEL is one of sixteen public sector undertakings (PSUs) under the Ministry of Defence of India. The Indian government has accorded it Navratna status. As of January 1, 2024, the company’s order book value was ₹76,217 crore.

8. Indian Renewable Energy Dev Agency Ltd

Return in Last one Year : 324.67%

An Indian public sector company called Indian Renewable Energy Development Agency Limited offers financial support as well as other services to initiatives pertaining to energy efficiency and conservation and renewable energy sources. IREDA, a Navratna organization founded in 1987, is under the administrative control of the Ministry of New and Renewable Energy and is owned by the Government of India. IREDA made its initial public offering (IPO) public in November 2023 and listed on the NSE and BSE.

9. NHPC Ltd

Return in Last one Year : 109.14%

Established in 1975, NHPC Limited is a public sector hydropower company in India with the mission of organizing, planning, and promoting the efficient and integrated development of hydroelectric power. It now includes additional energy sources like wind, solar, geothermal, and tidal. NHPC is currently ranked among the top ten companies in India in terms of investment base and is a Mini Ratna Category-I Enterprise of the Indian government. NHPC’s first project was the Baira Suil Power station, located in Salooni Tehsil in the district of Chamba.

10. Ircon International Ltd

Return in Last one Year : 197.86%

An Indian engineering and construction company with a focus on transportation infrastructure is called Ircon International, or Indian Railway Construction International Limited. In accordance with the Indian Companies Act of 1956, the Indian Railways founded the public sector enterprise in 1976.

Conclusion

To sum up, the ten best stocks that we have looked at offer a wide range of opportunities in different industries, and they all have the potential to perform well and grow strategically. These stocks present appealing options for investors looking to improve their portfolios, whether they are propelled by innovation, strong financial fundamentals, or market-leading positions. When weighing your options, it’s important to take your personal financial goals, risk tolerance, and investment horizon into account, just like you would with any investment. A strong investment strategy still revolves around diversification, and even though these stocks have bright futures, making wise decisions will require constant research and market analysis.

READ MORE : Top 10 Best Indian Stocks with High Growth