Top 6 Stocks to Buy Today for Long-Term Growth

1. Top 6 Stocks to Buy Today for Long-Term Growth Long-term stock investment demands a careful selection of businesses with solid fundamentals, expansion prospects, and a history of providing value to shareholders. Even though the stock market is fundamentally dynamic and volatile, certain equities have qualities that make them attractive to long-term investors. This article will examine stocks to buy today that might contribute to your portfolio and have the potential for long-term development. Alphabet Inc. Google's parent firm, Alphabet Inc., is one of the leading technology businesses in the world and has consistently proven its capacity for innovation and market dominance. It is well-positioned for sustainable development in the digital era because of its solid financial performance, high brand awareness, and extensive network of products and services. Glenmark Pharmaceuticals Pharmaceuticals and the Sale of Services of medical products are among Glenmark Pharmaceuticals' primary Products. Financials for the quarter that ended on March 31, 2023, are quite good. The firm recorded a consolidated total income of Rs 3333.50 crore, up 6.63% from the same quarter last year and down -5.84% from the previous quarter's total income of Rs 3540.27 crore. The company made a net profit of Rs 403.14 billion after taxes. Visa Inc. As the biggest electronic payment network in the world, Visa has a significant competitive advantage because of its extensive network, well-known brand, and agreements with financial institutions all over the world. Visa's long-term development potential is still optimistic given the expanding use of digital payments on a worldwide scale. ITC Limited With continuous profit and revenue growth of 11.7% and 10.3% CAGR over the last 5 years and an ROE of 29.1% and ROCE of 39.1% over the same time period, the FMCG giant has consistently demonstrated good operational success over the years. Additionally, it provides investors with a solid 3.46% dividend return. Tata Consultancy Services(TCS) The average order book size increased to US$8.1 billion in FY 2023 from its previous range of US$6–7 billion in FY 2021. The amount of the core order book, excluding any rare mega deals, grows yearly. With greater value engagements, the amount of revenue keeps

2. improving, resulting in sustained, longer-term growth. Operating margins were the best among the group at 26.3%. The lowest in the sector, the company's attrition rate for IT services as of Q4FY23 was 20.1%. ICICI Bank In the last six years, ICICI Bank has transformed from a bank with a corporate concentration to a retail bank. As a consequence, a loan book with a high yield and minimal risk would be viable. The retail share of the bank rose from 37% in FY13 to 62% in FY22. Due to the bank's altered loan mix and steadily declining non-performing assets, its Net Interest Margin (NIM) has been steadily increasing. The bank's NIM increased over the past three years from 3.19% to 4.9%. As a consequence, the Return on Equity (ROE) increased to 18.9% from 15% in FY21. Conclusion To invest in equities for long-term growth, numerous aspects must be carefully analysed. Even though the stock market is inherently uncertain, some businesses have solid fundamentals, room for expansion, and a history of rewarding shareholders. Alphabet, TCS ICICI Bank, Glenmark, ITC and Visa are a few examples of stocks to buy today with strong market positions, illustrious histories, and bright futures. To lessen risks linked with certain equities, you must do extensive research, keep an eye on market circumstances, and diversify your portfolio. Long-term investors should consult a professional for guidance and base their decisions on their risk appetite and investment goals. Reach out to professionals of well-known firms like IIFL Securities which have a team of highly experienced professionals.