Top 10 Underrated Stocks in India for Long-Term Investment 2024 : Investing in underrated stocks can be a strategic move for long-term investors. These stocks often have significant growth potential that the market hasn’t fully recognized yet. Here’s a list of the top 10 underrated stocks in India for long-term investment, their current share prices in 2024, share price predictions from 2024 to 2030, and detailed company information. Here we talk about Top 10 Underrated Stocks in India for Long-Term Investment 2024
Top 10 Underrated Stocks in India for Long-Term Investment 2024
1. Larsen & Toubro Infotech Ltd (LTI)
Current Share Price (2024): ₹5,500
Share Price Prediction (2024-2030):
- 2024: ₹5,500
- 2025: ₹6,000
- 2026: ₹6,500
- 2027: ₹7,000
- 2028: ₹7,500
- 2029: ₹8,000
- 2030: ₹8,500
Company Details:
Larsen & Toubro Infotech Ltd (LTI) is a global IT solutions and services company. It offers a comprehensive range of services, including application development, infrastructure management, and digital solutions. LTI is known for its strong client base and innovative solutions.
| Attribute | Details |
|---|---|
| Company Name | Larsen & Toubro Infotech Ltd (LTI) |
| Industry | Information Technology and Services |
| Headquarters | Mumbai, Maharashtra, India |
| Founded | 1997 |
| Parent Company | Larsen & Toubro Limited (L&T) |
| CEO | Sudhir Chaturvedi (as of the latest update) |
| Revenue | Approximately USD 2 billion (as of the latest update) |
| Employees | Over 30,000 (as of the latest update) |
| Services Offered | IT Consulting, Software Development, Digital Solutions, Cloud Computing, AI & Analytics, Infrastructure Management, Enterprise Solutions, Cybersecurity, and more |
| Global Presence | Operations in North America, Europe, Asia Pacific, Middle East, and South America |
| Stock Exchange Listings | Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India |
| Ticker Symbol | BSE: 540005, NSE: LTI |
| Market Cap | Approximately INR 60,000 crore (as of the latest update) |
| Website | www.lntinfotech.com |
2. Tata Power Company Ltd
Current Share Price (2024): ₹250
Share Price Prediction (2024-2030):
- 2024: ₹250
- 2025: ₹275
- 2026: ₹300
- 2027: ₹325
- 2028: ₹350
- 2029: ₹375
- 2030: ₹400
Company Details:
Tata Power is one of India’s largest integrated power companies. It operates in all segments of the power sector, including generation, transmission, and distribution. Tata Power is also expanding its renewable energy portfolio, which is a key growth driver.
| Category | Details |
|---|---|
| Company Name | Tata Power Company Ltd |
| Founded | 1919 |
| Headquarters | Mumbai, Maharashtra, India |
| Industry | Electric utility |
| Parent Company | Tata Group |
| Products and Services | Power generation, transmission, and distribution |
| Key People | Natarajan Chandrasekaran (Chairman), Praveer Sinha (CEO) |
| Revenue | ₹33,239 crore (US$4.2 billion) (2023) |
| Net Income | ₹2,287 crore (US$290 million) (2023) |
| Employees | Approx. 8,000 |
| Market Capitalization | ₹85,000 crore (US$11 billion) (2023) |
| Installed Capacity | 12,808 MW (2023) |
| Renewable Energy Portfolio | Over 4,900 MW (2023) |
| Stock Exchange Listings | BSE (500400), NSE (TATAPOWER) |
| Website | tatapower.com |
3. Persistent Systems Ltd
Current Share Price (2024): ₹4,000
Share Price Prediction (2024-2030):
- 2024: ₹4,000
- 2025: ₹4,400
- 2026: ₹4,800
- 2027: ₹5,200
- 2028: ₹5,600
- 2029: ₹6,000
- 2030: ₹6,500
Company Details:
Persistent Systems is a global software and technology company specializing in software product development and technology services. The company focuses on digital transformation, cloud computing, and data analytics.
| Attribute | Details |
|---|---|
| Company Name | Persistent Systems Ltd |
| Founded | 1990 |
| Headquarters | Pune, Maharashtra, India |
| CEO | Dr. Anand Deshpande |
| Industry | IT Services, Software Development |
| Services Offered | Digital Business, Product Engineering, Data & Analytics, Cloud & Infrastructure |
| Number of Employees | Approximately 20,000+ (as of 2023) |
| Revenue | ₹ 9,080 Crores (FY 2022-2023) |
| Market Capitalization | Approx. ₹ 42,000 Crores (as of July 2023) |
| Stock Exchange Listing | BSE: 533179, NSE: PERSISTENT |
| Key Clients | IBM, Microsoft, Amazon, Google, and various global enterprises |
| Website | persistent.com |
| Awards and Recognition | Forbes Asia’s Best Under a Billion, NASSCOM Digital Skills Award |
| Key Markets | North America, Europe, Asia-Pacific, and India |
4. ICICI Securities Ltd
Current Share Price (2024): ₹600
Share Price Prediction (2024-2030):
- 2024: ₹600
- 2025: ₹650
- 2026: ₹700
- 2027: ₹750
- 2028: ₹800
- 2029: ₹850
- 2030: ₹900
Company Details:
ICICI Securities is a leading investment services company in India. It offers a wide range of financial services including broking, investment banking, and wealth management. The company has a strong retail and institutional client base.
| Attribute | Details |
|---|---|
| Company Name | ICICI Securities Ltd |
| Type | Public |
| Industry | Financial Services |
| Founded | 1995 |
| Headquarters | Mumbai, Maharashtra, India |
| Parent Company | ICICI Bank |
| Key People | Vijay Chandok (MD & CEO) |
| Services | Investment Banking, Institutional Broking, Retail Broking, Financial Product Distribution, Wealth Management |
| Revenue | ₹7,290 crore (FY 2023) |
| Net Income | ₹2,100 crore (FY 2023) |
| Number of Employees | 4,500+ |
| Website | ICICI Securities |
| Stock Exchange Listing | BSE: 541179, NSE: ISEC |
| Market Capitalization | ₹20,000 crore (approx, as of 2023) |
5. HCL Technologies Ltd
Current Share Price (2024): ₹1,200
Share Price Prediction (2024-2030):
- 2024: ₹1,200
- 2025: ₹1,300
- 2026: ₹1,400
- 2027: ₹1,500
- 2028: ₹1,600
- 2029: ₹1,700
- 2030: ₹1,800
Company Details:
HCL Technologies is a leading global IT services company. It provides a wide range of services including software development, business process outsourcing, and infrastructure management. HCL is known for its strong innovation capabilities and global delivery network.
| Aspect | Details |
|---|---|
| Company Name | HCL Technologies Ltd |
| Founded | 1976 |
| Headquarters | Noida, Uttar Pradesh, India |
| Founders | Shiv Nadar |
| Industry | Information Technology, Consulting, and Outsourcing Services |
| Revenue (2023) | $12.6 billion (approx) |
| Employees | Over 220,000 (as of 2023) |
| CEO | C. Vijayakumar |
| Key Services | IT and Business Services, Engineering and R&D Services, Products & Platforms |
| Stock Exchange | BSE: 532281, NSE: HCLTECH |
| Market Capitalization | $35 billion (approx, as of 2023) |
| Global Presence | Offices and operations in over 50 countries |
| Major Clients | Fortune 500 companies across industries like Technology, Banking, Healthcare, etc. |
| Recent Achievements | Recognized in Gartner Magic Quadrant for IT services, various industry awards |
| CSR Initiatives | HCL Foundation focusing on education, health, environment, and livelihood |
6. Godrej Consumer Products Ltd
Current Share Price (2024): ₹1,000
Share Price Prediction (2024-2030):
- 2024: ₹1,000
- 2025: ₹1,100
- 2026: ₹1,200
- 2027: ₹1,300
- 2028: ₹1,400
- 2029: ₹1,500
- 2030: ₹1,600
Company Details:
Godrej Consumer Products is a leading FMCG company in India. It manufactures and markets a wide range of products in personal care, home care, and hair care segments. The company has a strong brand presence and a vast distribution network.
| Aspect | Details |
|---|---|
| Company Name | Godrej Consumer Products Ltd (GCPL) |
| Founded | 2001 |
| Headquarters | Mumbai, Maharashtra, India |
| Industry | Consumer Goods |
| Products | Personal care, Hair care, Household care |
| Key Brands | Good Knight, Cinthol, Godrej No.1, Godrej Expert, HIT |
| CEO | Sudhir Sitapati |
| Revenue | ₹12,275 crore (FY 2022-23) |
| Net Income | ₹1,725 crore (FY 2022-23) |
| Market Capitalization | Approximately ₹97,000 crore (as of 2023) |
| Number of Employees | Around 10,000 |
| Stock Exchange Listings | BSE: 532424, NSE: GODREJCP |
| ISIN | INE102D01028 |
| Major Shareholders | Godrej Group, Institutional Investors, Public |
| Global Presence | Operations in Asia, Africa, Latin America |
| Corporate Social Responsibility (CSR) | Focus on community development, environment sustainability, and social projects |
7. Dixon Technologies (India) Ltd
Current Share Price (2024): ₹4,200
Share Price Prediction (2024-2030):
- 2024: ₹4,200
- 2025: ₹4,600
- 2026: ₹5,000
- 2027: ₹5,400
- 2028: ₹5,800
- 2029: ₹6,200
- 2030: ₹6,700
Company Details:
Dixon Technologies is a leading electronic manufacturing services (EMS) company in India. It provides design-focused solutions in consumer electronics, home appliances, lighting, mobile phones, and other electronic products. The company is known for its strong R&D capabilities.
| Attribute | Details |
|---|---|
| Company Name | Dixon Technologies (India) Ltd |
| Industry | Electronics Manufacturing Services |
| Founded | 1993 |
| Headquarters | Noida, Uttar Pradesh, India |
| CEO | Sunil Vachani |
| Products | Consumer Electronics, Home Appliances, Lighting Products, Mobile Phones, Medical Electronics, etc. |
| Services | Manufacturing, Assembly, Testing, and Packaging |
| Stock Exchange | NSE: DIXON, BSE: 540699 |
| Market Capitalization | Approximately ₹20,000 crores (as of 2023) |
| Revenue | ₹10,697 crores (FY 2022-23) |
| Net Profit | ₹190 crores (FY 2022-23) |
| Employees | Over 10,000 |
| Key Clients | Samsung, Xiaomi, Philips, Panasonic, Haier, Reliance Retail, etc. |
| Subsidiaries | Dixon Electro Appliances Private Limited, Dixon Global Private Limited, etc. |
| Website | www.dixoninfo.com |
8. Mphasis Ltd
Current Share Price (2024): ₹2,800
Share Price Prediction (2024-2030):
- 2024: ₹2,800
- 2025: ₹3,000
- 2026: ₹3,200
- 2027: ₹3,400
- 2028: ₹3,600
- 2029: ₹3,800
- 2030: ₹4,000
Company Details:
Mphasis is a global IT solutions provider specializing in cloud and cognitive services, digital transformation, and IT infrastructure services. The company serves various industries including banking, financial services, insurance, and healthcare.
| Attribute | Details |
|---|---|
| Company Name | Mphasis Ltd |
| Industry | Information Technology (IT) Services |
| Founded | 1998 |
| Headquarters | Bangalore, Karnataka, India |
| CEO | Nitin Rakesh |
| Revenue | $1.7 billion (FY 2023) |
| Employees | Approximately 40,000 |
| Key Services | Application Development and Maintenance, Infrastructure Outsourcing, Business Process Outsourcing, Digital Transformation, Cloud Services, Data and Analytics |
| Stock Exchange | BSE (Bombay Stock Exchange), NSE (National Stock Exchange of India) |
| Ticker Symbol | BSE: 526299, NSE: MPHASIS |
| Market Capitalization | Approx. ₹400 billion (as of 2023) |
| Major Shareholders | Blackstone Group (Private Equity), Public and Institutional Investors |
| Website | www.mphasis.com |
9. PI Industries Ltd
Current Share Price (2024): ₹3,000
Share Price Prediction (2024-2030):
- 2024: ₹3,000
- 2025: ₹3,300
- 2026: ₹3,600
- 2027: ₹3,900
- 2028: ₹4,200
- 2029: ₹4,500
- 2030: ₹4,800
Company Details:
PI Industries is a leading agrochemical company in India. It focuses on the manufacturing and distribution of agrochemicals, plant protection products, and specialty chemicals. The company is known for its strong R&D and innovation capabilities.
| Attribute | Details |
|---|---|
| Company Name | PI Industries Ltd |
| Sector | Agrochemicals |
| Founded | 1946 |
| Headquarters | Udaipur, Rajasthan, India |
| CEO | Mayank Singhal |
| Products | Agrochemicals, Custom Synthesis, Contract Manufacturing |
| Revenue (FY 2023) | ₹5,770 crore (approx.) |
| Net Profit (FY 2023) | ₹950 crore (approx.) |
| Market Capitalization | ₹55,000 crore (approx., as of July 2024) |
| Stock Exchange Listing | NSE: PIIND, BSE: 523642 |
| ISIN Code | INE603J01030 |
| Key Competitors | UPL Ltd, Bayer CropScience, Rallis India |
| Website | piindustries.com |
10. Aarti Industries Ltd
Current Share Price (2024): ₹1,500
Share Price Prediction (2024-2030):
- 2024: ₹1,500
- 2025: ₹1,600
- 2026: ₹1,700
- 2027: ₹1,800
- 2028: ₹1,900
- 2029: ₹2,000
- 2030: ₹2,100
Company Details:
Aarti Industries is a leading chemical manufacturing company in India. It operates in various segments including pharmaceuticals, agrochemicals, polymers, additives, and dyes. The company has a strong export market and is known for its high-quality products.
| Attribute | Details |
|---|---|
| Company Name | Aarti Industries Ltd |
| Founded | 1984 |
| Headquarters | Mumbai, Maharashtra, India |
| Industry | Specialty Chemicals |
| Key Products | Benzene-based derivatives, Pharmaceuticals, Surfactants |
| CEO | Rajendra V. Gogri |
| Revenue (FY 2023) | ₹8,370 crore (approx) |
| Net Profit (FY 2023) | ₹1,050 crore (approx) |
| Market Capitalization | ₹27,000 crore (approx as of 2023) |
| Number of Employees | Over 5,000 |
| Stock Exchange Listings | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) |
| Ticker Symbol | BSE: 524208, NSE: AARTIIND |
| Website | www.aarti-industries.com |
| Major Clients | Global pharmaceutical, agrochemical, polymer, and specialty chemical companies |
| R&D Facilities | Locations in India including Tarapur and Vapi |
| Manufacturing Plants | Over 20 manufacturing plants across India |
| Corporate Social Responsibility (CSR) Initiatives | Education, healthcare, environmental sustainability initiatives |
Summary Table
| Company | Current Share Price (2024) | Predicted Share Price (2030) |
|---|---|---|
| Larsen & Toubro Infotech | ₹5,500 | ₹8,500 |
| Tata Power | ₹250 | ₹400 |
| Persistent Systems | ₹4,000 | ₹6,500 |
| ICICI Securities | ₹600 | ₹900 |
| HCL Technologies | ₹1,200 | ₹1,800 |
| Godrej Consumer Products | ₹1,000 | ₹1,600 |
| Dixon Technologies | ₹4,200 | ₹6,700 |
| Mphasis | ₹2,800 | ₹4,000 |
| PI Industries | ₹3,000 | ₹4,800 |
| Aarti Industries | ₹1,500 | ₹2,100 |
Top 10 Underrated Stocks in India for Long-Term Investment 2024 : Investing in these stocks can potentially yield significant returns over the long term. However, it’s essential to conduct thorough research and consider market risks before making investment decisions.
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