Top 5 Sectors to Keep an Eye on in 2024

Published : 31 January 2023

Renewable Energy Sector

India has been working towards a clean energy goal intending to have a capacity of 450 GW by 2030. This means rapid growth for companies operating in this sector. Top stocks: ONGC, Reliance Industries, Adani Green 

Real Estate Sector

Indian governments in recent years have focused on transforming the real estate sector by promoting initiatives like the Affordable Housing Program. Such transformations can lead to significant growth in the coming years. Top stocks: Prestige Group, DLF, Godrej Properties

Banking & Finance Sector

Driven by India’s digital transformation, increased internet penetration, and the accessibility of banking and financing activities in metros to remote areas, make this sector lucrative. Top stocks: HDFC Bank, SBI, ICICI Bank

Healthcare & Insurance Sector

With the increased awareness of healthcare and the need to have healthcare financing in terms of insurance, these sectors are very crucial in the post-COVID era.   Top stocks: Cipla, Apollo Hospitals Enterprise, HDFC Life Insurance

FMCG Sector

There has been a shift in the lifestyle that Indians, especially young Indians have adopted in the last few years. This means new innovations for the thriving FMCG sector and with that, we can expect overall growth. Top stocks: ITC, HUL, Nestle India