Best Stocks to Invest in 2024 - 3 Undervalued Stocks + Breakout, Stocks for Long Term, Stocks to Buy

Summary

The video script discusses three potential best stocks to invest in for 2024, focusing on undervalued stocks. It outlines a step-by-step method to identify such stocks, emphasizing market capitalization over 5000 and price-to-earnings ratio analysis. The speaker selects top stocks from various sectors, including PSU banks and infrastructure companies, highlighting their growth potential and intrinsic value. The script also mentions a multibagger stock, Ganesha Housing, with strong financials and a promising outlook, encouraging viewers to do their research and consider these stocks for long-term portfolios.

Takeaways

• 📈 The video discusses three potential best stocks to invest in for 2024, focusing on undervalued stocks.
• 🔍 The presenter will guide viewers on how to find undervalued stocks using a screener, with a market capitalization filter over 5000 to exclude very small companies.
• 🏦 The first stock highlighted is Bank of Baroda, a PSU bank that can still rally in specific PSU stocks.
• 🏘️ The second stock is from the real estate sector, with a focus on a company that has shown consistent growth and has upcoming projects.
• 🏗️ The third stock is a potential multibagger stock that the presenter plans to add to their long-term portfolio for its intrinsic value and current price level.
• 📊 The presenter emphasizes the importance of comparing the P/E ratio of companies with the industry P/E to understand the valuation of a company.
• 📈 The video mentions that some sectors like PSU banks and real estate have already shown a good run-up after the election results, indicating potential for further growth.
• 💡 The presenter suggests that investors should have a demat account to explore the mentioned stock and understand the reliability of the platform with over 10 lakh users and a turnover of about 5.3 lakh crores.
• 📉 The video also discusses the potential short-term correction in the market after the election results and advises on the timing for investment.
• 🏢 The detailed analysis of the mentioned companies includes their financials, growth prospects, and technical analysis, suggesting a multi-year breakout for one of the stocks.
• 📚 The video concludes with a reminder about market risks and the need for individual research before investing.

Q & A

What is the main topic of the video script?

The main topic of the video script is about discussing three potential best stocks to invest in for 2024, focusing on undervalued stocks.

What is the first step suggested in the script to find undervalued stocks?

The first step suggested is to create a screen for finding undervalued stocks with market capitalization over 5000, filtering out very small companies.

What financial ratio is recommended to use for comparing companies to find undervalued stocks?

The Price to Earnings (P/E) ratio is recommended for comparing companies with the industry P/E to find undervalued stocks.

What is the significance of comparing a company's P/E with its historical five-year median P/E?

Comparing a company's P/E with its historical five-year median P/E helps to understand if the company is currently undervalued compared to its own past performance.

What is the script's approach to adding a multibagger stock to a long-term portfolio?

The script suggests adding a multibagger stock to a long-term portfolio for potential growth, emphasizing watching the stock until it shows a good entry point.

Which stock is mentioned as the first stock to discuss in the script?

The first stock mentioned to discuss is Bank of Baroda, as a PSU bank stock that can still rally in specific PSU stocks.

What is the potential impact of election results on the stocks mentioned in the script?

The script suggests that if the NDA wins over 272 seats but below 320, there might be a short correction followed by stability in the market and the mentioned stocks could rise.

What is the special feature of the 'm stock' platform mentioned in the script?

The 'm stock' platform is highlighted for its low brokerage charges, offering a flat fee per order, and for having a large user base with high turnover.

What is the script's view on the construction sector, particularly regarding KNR Construction?

The script views the construction sector positively, especially KNR Construction, which is based on the Andhra theme and has shown a significant run-up post-election results.

What financial metrics are highlighted for KNR Construction to consider it an undervalued stock?

The financial metrics highlighted for KNR Construction include its intrinsic value being higher than its current price, a five-year revenue growth, and a net profit margin of 24%.

What is the script's opinion about Ganesha Housing's stock and its potential?

The script considers Ganesha Housing's stock as a potential multibagger, highlighting its strong presence in the residential sector, consistent growth in revenue, and good financials.

What is the significance of the technical analysis mentioned for Ganesha Housing's stock?

The technical analysis signifies a multi-year breakout with high volume, indicating a strong upward movement and making the stock attractive for investors.

Why is the script not recommending the discussed stocks as a baseless recommendation?

The script is not recommending the stocks as it advises viewers to do their own research and is not a financial advisor, emphasizing the importance of personal due diligence.