10 Most Fundamentally Strong Stocks in Nifty 50
Several metrics are used to analyse whether a particular company has fundamentally strong stocks or not. These metrics include business model, profitability, management, debt, capital, and products and services. If you are active in online share trading and looking to invest in companies that have strong stocks, this information will help you.
Strong Stocks of 2022 in Nifty 50
- TCS (Tata Consultancy Services)
TCS is the second-largest company in the country and provides leading business solutions and IT services. Its TCS share price is over ₹3,000 and the 52-week range is between ₹4,000 and ₹2,900. The market capitalisation of 11.31 trillion with risk volatility of 1.32x.
- Wipro Ltd.
Wipro Ltd. is an India-based MNC with one of the fundamentally strong stocks in the country. It specialises in the IT sector and caters to multiple clients for information technology-related solutions and outsourcing services. The company’s current share price is over ₹300 while its market capitalisation is 2.24 trillion. Its 52-week range is between ₹739.85 and ₹384.60.
- HCL Technologies Ltd.
HCL Technologies is a subsidiary of HCL Enterprise and is a consultancy and IT service provider. Its share price currently stands at approximately over ₹1,000 with a market capitalisation of 2.61 trillion. The 52-week range of HCL Technologies is between ₹1,359 and ₹875.65.
- Infosys
According to Nifty 50, Infosys is a company with fundamentally strong suits with a current share price of over ₹1,400. Its market capitalisation is 6.08 trillion and the 52-week range is from ₹1,953 to ₹1,355.
- ITC
ITC has diversified businesses and is a fundamentally strong option for online share trading. Its current share price is over ₹300 with a market capitalisation of 4.13 trillion. The 52-week range of ITC lies between ₹349 and ₹207.
- HUL (Hindustan Unilever Ltd.)
HUL is the fifth-largest company and has created its niche in FMCG products. Its diverse businesses have increased and its share price is over ₹2.500 currently with a market capitalisation of 6.10 trillion. The 52-week share price range varies from ₹2,734 to ₹1901.
- Nestlé India Ltd.
Nestlé is a subsidiary of Swiss MNC and is one of the fundamentally strong companies in India. Its current share price is over ₹18,000 and the market capitalisation is 1.86 trillion. The company’s 52-week price range is between ₹20,200 and ₹16,000.
- Bajaj Auto Ltd.
Bajaj Auto is an Indian MNC and a subsidiary of the Bajaj Group. Its current share price stands at over ₹3,500 and the market capitalisation is 1.03 trillion. This automotive manufacturing company has a 52-week share price range of ₹4,131 to ₹3,027.
- Asian Paints Ltd.
Asian Paints has evolved to be a premium brand with fundamentally strong stocks. Its current share price is over ₹3,000 and the market capitalisation is 3.18 trillion. This company has a 52-week share price range of ₹3,590 to ₹2,560.
- (CIL) Coal India Ltd.
Coal India Ltd. is a government company that produces 80% of India’s domestic coal. Its share price is over ₹200 currently with a market capitalisation of 1.43 trillion. The 52-week price range of CIL is between ₹240 and ₹139.
Conclusion
Companies with fundamentally strong stocks perform well even if the market is facing a downturn. They survive because of their multiple underlying businesses. Invest in these Nifty 50 stocks to start your journey of wealth creation!