Sr. Company Name
1 Bajaj Finance Ltd.
2 HDFC Bank Ltd.
3 Pidilite Industries Ltd.
4 Asian Paints Ltd.
5 Berger Paints India Ltd.
6 Britannia Industries Ltd.
7 Colgate Palmolive (India) Ltd.
8 Dabur India Ltd.
9 Godrej Consumer Products Ltd.
10 Havells India Ltd.
11 Hindustan Unilever Ltd.
12 ITC Ltd.
13 Marico Ltd.
14 Nestle India Ltd.
15 Titan Company Ltd.
16 HCL Technologies Ltd.
17 Infosys Ltd.
18 MindTree Ltd.
19 Tata Consultancy Services Ltd.
20 Tech Mahindra Ltd.
21 Page Industries Ltd.
22 Container Corporation of India Ltd.
23 Coal India Ltd.
24 Bosch Ltd.
25 Eicher Motors Ltd.
26 Exide Industries Ltd.
27 Maruti Suzuki India Ltd.
28 Aurobindo Pharma Ltd.
29 Divi's Laboratories Ltd.
30 Indraprastha Gas Ltd.
Someone has shared this list of top 30 companies for investment,
can it be further reduced to include only to 10 or 15 Companies.
Thanks
EDIT: Can add your own names or even present a completely different list
I am not excited about banks on the list. Banks had tremendous growth in the last 20 years. HDFC Bank benefitted the most during that time. Now with most Indians already on some bank network or other, there is not going to be such a big scope for new penetration. Moreover, UPI transactions/Rupay have taken away the differences between these banks. ICICI/Axis/HDFC Bank grew on the new technologies. That edge is now gone. But quality of management still matters. There are many banks now on the block offering accounts/loans. Nothing distinguishes them from one another. No more economic moats. (Possibly same with NBFCs).
I will not look at Indian Pharma. No economic moats. Instead I will look at Pfizer, Abbott, GSK etc.
Our Software companies do not have economic moats. If at all one of them has any kind of edge, that is TCS. It's edge is both on economies of scale and on good execution.
I would like to add Life Insurance companies HDFC Life, SBI Life, ICICI Pru, Max Financial etc. Also AMCs. Life insurance is upcoming, very profitable and underpenetrated in India. (~8%)
Auto is cyclical and not my favourite.
Govt. companies! Oh, come on. You expect Coal India to build wealth for you? If they had more money they would increase salaries before the next elections. They do not automate in that company because they do not want to reduce employment in those tribal states.
Indraprastha is another Govt. Co. solely surviving on monopoly. Its profits would be squandered as well.
Right now these are my thoughts.