Yes you heard it right! In this blog I will be revealing my top 20 stocks to buy in 2023. I came across these stocks after doing considerable research and analysis. My selection process was the following.
First of all, I filtered companies based on their industries. I used the sectoral rotation cycle to determine which sectors are about to prosper and which ones are going to decline. Of course , this cycle is never-ending and every sector(industry) is important in different stages of the economic cycle. A thorough look at the government yield curve suggests flattening of economic activity , almost as if the Indian economy has reached its maximum efficiency. Technological , healthcare and sometimes utility sectors are the best investments in this stage. However , the sector rotation cycle must not be relied upon entirely because there are multiple aspects that influence the performance of a company and its stock. I used a top-down approach because I felt it was easy to gauge the current economic stage using this technique. I firmly believe that , in this stage , consumers will start realizing the value of utilities such as Gas , Electricity and Water.
The next step was to conduct an analysis of financial statements such as balance sheets and profit and loss statements. To be specific , I analysed ratios such as ROE, ROCE,ATR,CR,PE,ICR,SG,etc. These profitability and liquidity ratios helped gain a holistic overview of the company and its operations. After all, the right way to invest is to invest in what you know. The validity of this statement is indeed a debatable one in today’s era as complex technological start-up firms succeed in their operations.
The following is a list of the stocks and their stock price-
| Stock Name | Stock Price in Rupees |
| 1. Ujjivan Small | 38.15 |
| 2. Gujarat Containers | 193.10 |
| 3. Narayana Hrudaya | 984.55 |
| 4. Dr Lal Pathlabs | 2205.95 |
| 5. Archean Chemical | 540.45 |
| 6. Fusion Microfinance | 548.65 |
| 7. Easy Trip Planning | 41.95 |
| 8. Dreamfolks Services | 600.50 |
| 9. Life Insurance | 620.00 |
| 10. Infosys | 1293.35 |
| 11. Swaraj Engines | 2097.50 |
| 12. Seshasayee Paper | 281.85 |
| 13. Gokul Agro | 107.05 |
| 14. BASF India | 2619.50 |
| 15. Sarthak Metals | 234.55 |
| 16. Shyam Metalics | 364.35 |
| 17. CSB Bank | 280.10 |
| 18. Intellect Design | 621.60 |
| 19. CMS Info Systems | 368.50 |
| 20. Sharda Motor | 776.90 |
An index will also be made to monitor these stocks. The upcoming blog will talk about the index and its purpose.
The information provided by Finance Voyager is for information purposes only and is not intended for advice. Finance Voyager also does not make any recommendation or endorsement as to any investment, advisor or other service or product. The information is only for educational purposes and not buy or sell recommendations.