As markets are always uncertain and are very impossible things. But still, lots of predictions are made daily on the basis of technical and fundamental analysis. Some are right and some are wrong, as nobody can predict 100 percent with too much certainty.
The five stocks mentioned below are new emerging stocks that have the potential to make a good return in the near future.
The five stocks to buy in 2024
5. IREDA
Sector: Power generation and distribution
IREDA stands for Indian Renewable Energy Development Agency Limited, is a public financial institution, and has been awarded a mini-ratna with the motto “Energy for Ever.”.
Some of the goals for IREDA are:
- To provide financial support for new or renewable energy sources.
- To work for customer satisfaction by providing continuous improvement in resources.
Some of the important fundamental figures for the IREDA share are:
- share capital: 2284.
- Reserves and surpluses: 3650.
- Total liabilities: 50,446.
- Sales: 3481.
Net profit is 864, with 3.78 earnings per share.
All figures are in crores.
Some of the technical analysis figures are:
- The past two months are closed in green candles.
- Last month closed at 102.80, with 123.20 being high. In the last two months, it has ranged between 50 and 123.20, making a 2x profit.
4. INOX INDIA
Sector: Misc. commercial services
Inox India, or InoxCVA, is a global leader in making vacuum-insulated cryogenic equipment. Its strength lies in engineering, designing, and supplying clean energy alternatives like LNG, liquid hydrogen, fusion energy, etc.
Some of the goals for INOX INDIA are:
- It focuses on the health and safety of the environment.
- sustainability in operation
- renewable energy
- water treatment
Some of the important fundamental figures for the INOX INDIA share are:
- share capital: 18.
- Reserves and surpluses: 567.
- Total liabilities: 1153.
- Sales: 949.
Net profit is 156, with 17.21 earnings per share.
All figures are in crores and are standalone figures.
Some of the technical analysis figures are:
- The past two months have been filled with red candles.
- Last month closed at 882.90, with 894.90 being high. In the last two months, it has ranged between 855.10 and 990, making it a bearish trend for the time being.
3. ADANI TOTAL GAS LTD.
Sector: gas distribution
Adani Total Gas is a distribution company that mainly deals in CNG and PNG, where CNG means compressed natural gas and PNG means piped natural gas.
They mostly delivered to the transport, commercial, industrial, and domestic sectors.
Some of the goals for Adani Total Gas are:
- Their main intention is to provide clean, convenient, and green solutions.
- safe and at a meaningful price, the CNG
- To contribute to nation-wide infrastructure progress through sustainable means.
Some of the important fundamental figures for the Adani total gas share are:
- share capital: 109.
- Reserves and surpluses: 2828.
- Total liabilities: 5635.
- Sales: 4378.
Net profit is $529, with 4.82 earnings per share.
All figures are in crores and are standalone figures.
Some of the technical analysis figures are:
- The past two months have been filled with green candles.
- Last month closed at 987.95, with 1259.40 being high. In the last two months, it has ranged between 527 and 1259.40, making it a bullish trend for the time being.
2. TATA TECHNOLOGIES LTD.
Sector: diversified
Tata Technologies, or TATATECH, is a digital enterprise service that helps in engineering, development, and research for the future well-being of people to make their lives easy.
Some of the goals for Tata Technologies are:
- Improve customer service by helping them to drive, fly, farm, etc.
- To optimise the cost of development
Some of the important fundamental figures in Tata Technologies shares are:
- share capital: 81.
- Reserves and surpluses: 915.
- Total liabilities: 2598.
- Sales: 2112.
Net profit is 244, with 6.01 earnings per share.
All figures are in crores and are standalone figures.
Some of the technical analysis figures are:
- The past two months have been filled with red and green candles making a bearish engulfing pattern.
- Last month closed at 1180.15, with 1348 being high. In the last two months, it has ranged between 1151.15 and 1400, making it a bullish trend for the time being.
1. Indian Railway Finance Corporation Ltd. (IRFC)
Sector: Finance-NBFC
IRFC is a government undertaking under the Ministry of Railways and comes under Schedule A with Miniratna Public Enterprise.
It is set up to get funds from domestic and overseas resources for the extra budgetary requirements of the Indian Railway.
Some of the goals of the IRFC are:
- Leasing
- Lending
- Borrowing
Some of the important fundamental figures in IRFC shares are:
- share capital: 13068.
- Reserves and surpluses: 32401.
- Total liabilities: 491146
- Sales: 23891
Net profit is 6337, with 4.85 earnings per share.
All figures are in crores and are standalone figures.
Some of the technical analysis figures are:
- The past two months have been filled with green candles, as last month closed, making a 52-week high in closing.
- Last month closed at 99.35, with 104.10 being high. In the last two months, it has ranged between 71.05 and 104.10, making it a bullish trend for the time being.
conclusion
As we have known many times in our trading career, there are many stocks to look at, so picking only five stocks is very hard.
These five stocks are really interesting to look at in 2024. Buying or selling is not the thing; learning something is what matters a lot.
If you have something new or other stocks to add, please let me know in the comment section.
Remember, this is only for a learning perspective and not a recommendation to buy; if you do, then it should be solely based on your own research.
