Wondering how to buy shares of a company? It's pretty straightforward—you use a brokerage platform authorized by SEBI (Securities and Exchange Board of India) to trade shares listed on the NSE and BSE. But did you know you can also buy unlisted shares?
Unlisted stocks offer a chance for early investors to benefit from high growth rates before listing on major stock exchanges. However, finding such unlisted stocks can be a challenging task. Just keep in mind that they come with their own risks, one reason being that they aren't regulated by SEBI.
Therefore, this guide will provide you with a selection of companies with solid market positions and promising prospects. Keep reading to learn about a few of the top five unlisted stocks to buy in India for 2024.
What is an Unlisted Stock?
Unlisted shares are companies not listed or traded on public stock markets. Only a small group, usually the company's owners, founders, and select investors, can buy and sell these shares privately. They are not available for the general public to trade. It is also known as over-the-counter (OTC) stocks.
Top 5 Unlisted Stocks in India 2024
India's private market is thriving, with multiple companies choosing to remain unlisted. Here are the top unlisted stocks in India for 2024:
1. Reliance Retail
Reliance Retail is a subordinate of Reliance Industries Limited. It is the country's largest retail enterprise. This company has an expansive network of supermarkets, specialised stores, and e-commerce platforms. Moreover, it plans to expand its e-commerce platform, JioMart and introduce quick commerce services.
As of the year 2024, the market capitalisation of Reliance Retail is INR 21.26 trillion. Its yearly range of prices per share is around INR 2220.30 to INR 3162. Apart from this, it has a revenue of INR 9.14 lakh crores.
2. HDB Financial Services
HDB Financial Services is a subsidiary of Housing Development Finance Corporation Bank. It is one of India's leading non-banking financial companies(NBFCs). This company offers diverse financial services, including loan facilities and asset management services. It is known for its high return on assets (ROA) and equity (ROE) ratios, showing its management efficiency.
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When you speak of the finances of HDB Financial Services, its market capitalisation as of 2024 is INR 92989 crores. Moreover, the current share price (July 2024) is INR 1175. The net sales till now have been around INR 14171.1 crores.
3. National Stock Exchange(NSE)
The National Stock Exchange is one of the largest stock exchanges in India. It is crucial in the Indian financial market by offering trading in equities, bonds, and derivatives. NSE has consistently shown strong financial performance with significant growth in revenue and profits.​​​​​​​
For the financial year 2024, the market capitalisation of NSE is INR 334.72 trillion, with a share price of INR 6200. Moreover, its revenue growth increased to INR 12765.36 crore and had a trading volume of 2946.84 lakhs per share.
4. Chennai Super Kings
The Chennai Super Kings, usually known as CSK, is a highly esteemed and widely followed team in the Indian Premier League cricket tournament. They have a huge, dedicated fan base in not just India but all across the world. This team is owned by India Cements Limited. It is a renowned cement manufacturer in South India that makes a well-reputed stock.
When it comes to financials, as of 2024, the market capitalisation of CSK is INR 5362 crores. Moreover, its current share price is INR 283.55. Last year, CSK's net profit was around INR 13.8 crores. In fact, ticket revenue reportedly comes to around 10% every year.
5. Tata Electronics
Tata Electronics has been a debate point among investors since Tata Group announced plans for an IPO in 2023. Tata Electronics has become a leading electronics company in India over the years. It offers various products and services, including semiconductors, automation systems, defence electronics, etc.
The market capitalisation of Tata Electronics Ltd as of 2024 is INR 43602 Crores. Moreover, It has a dividend yield of 0.83%. This is the ratio of the current dividend to the annual share price.
Conclusion
Investing in unlisted stocks can offer you substantial growth potential. These above-listed companies have presented great opportunities for early investors to gain significant returns before they go public. So, keep an eye on them. However, do not forget to study the background and current performances of the company before investing in them. This will help you make smart financial decisions.
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