Introduction:
In the fast-paced world of investing, finding avenues for passive income is like discovering hidden treasures. With the Indian stock market offering numerous opportunities, selecting the right stocks can be a game-changer for those seeking to build wealth effortlessly. In this guide, we unveil the top 10 stocks for passive income in India for the year 2024.
Top 10 stocks for passive income in india 2024
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | Payout ratio % | Profit Var 3Yrs % |
| 1 | O N G C | 263.25 | 7.22 | 331175.85 | 4.27 | 10748.46 | 165569.06 | -2.15 | 13.92 | 39.93 | 36.57 |
| 2 | Union Bank (I) | 148.1 | 8.51 | 113053.7 | 2.03 | 3625.39 | 25520.92 | 21.72 | 5.02 | 24.09 | 67.88 |
| 3 | ICICI Securities | 751.2 | 17.07 | 24290.28 | 2.53 | 465.69 | 1322.73 | 50.49 | 18.07 | 54.89 | 27.2 |
| 4 | Chambal Fert. | 343.85 | 10.82 | 13776.43 | 2.18 | 459.4 | 4348.57 | -47.58 | 16.05 | 30.18 | -4.11 |
| 5 | C P C L | 877.7 | 4.21 | 13069.95 | 3.08 | 359.99 | 17375.9 | 8.23 | 45.54 | 11.38 | 54.68 |
| 6 | PCBL Ltd | 262.55 | 20.57 | 9910.28 | 2.09 | 147.98 | 1656.76 | 21.52 | 16.92 | 47 | 15.22 |
| 7 | Ujjivan Small | 46.1 | 7.16 | 9029.9 | 2.71 | 300.06 | 1470.63 | 35.97 | 10.63 | 22.21 | 46.49 |
| 8 | Mah. Scooters | 7060.2 | 40.34 | 8069.81 | 2.27 | 1 | 6.37 | -14.73 | 0.92 | 35.12 | 2.76 |
| 9 | JK Paper | 328.15 | 4.94 | 5558.94 | 2.44 | 236.36 | 1706.22 | 3.84 | 28.46 | 11.33 | 37.98 |
| 10 | Swaraj Engines | 2250.55 | 19.86 | 2733.8 | 4.09 | 24.1 | 279.55 | 0.22 | 55.22 | 83.66 | 24.07 |
These companies have track record of high profit growth combined with high growth in sales. The companies has average growth of 3 years, 5 years and 7 years more than 20% and sales growth of 3 years, 5 years and 7 years are more than 20%. Sales Growth and Profit Growth are the twin engines on which good companies are made.
Conclusion:
Investing in the stock market can be a lucrative way to generate passive income, provided you choose the right stocks. The top 10 stocks listed above offer a blend of stability, growth potential, and consistent dividend payouts, making them ideal choices for passive income investors in India for the year 2024. However, it’s essential to conduct thorough research and consider your investment goals before making any decisions. Happy investing!
Disclaimer:
The information provided in the blog post “Top 10 stocks for passive income in india 2024” is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stocks or securities. Investing in the stock market involves risks, and past performance is not indicative of future results.
The content of the blog post is based on publicly available information and research, which may not be exhaustive or up-to-date. The stock market is dynamic, and market conditions can change rapidly, impacting the performance of stocks.
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