In 2024, several debt-free midcap companies have shown remarkable returns, offering investors a great opportunity to buy shares online. Debt-free companies are considered low-risk due to their stable financials and minimal liabilities, making them appealing to investors. Let's dive into some of the top-performing debt-free midcap stocks of 2024.
Garware Hi Tech films: A leading performer
Garware Hi Tech Films Ltd has been a standout performer, providing a YTD return of 131.7%. This stock, available for ₹3,251 on the NSE, has also seen a 161% rise over the last year. Known for manufacturing high-quality polyester films, Garware's differentiated products have played a vital role in its growth. This performance presents a solid reason for investors to consider adding it when looking to buy shares online.
Techno Electric & Engineering: Power sector growth
Techno Electric & Engineering has given investors an 89.8% YTD return, with its stock price climbing to ₹1,570. The company has seen remarkable profit growth, with a year-on-year rise of 288% in Q1 FY25. Its focus on power infrastructure and recent ventures into data centres have propelled its growth, making it an attractive choice for those wanting to buy shares online in a thriving sector.
Tata Investment Corporation: Long-term strength
Tata Investment Corporation shares have delivered a 57.2% YTD return, with the stock priced at ₹6,716. Known for investing in a diversified range of industries, Tata Investment’s solid fundamentals and strategic holdings have helped it perform strongly. Investors eyeing a stable, long-term option can look to buy shares online in this Tata Group company for consistent returns.
JSW Holdings: Attractive investment opportunity
JSW Holdings, a core investment company in the JSW Group, has provided a 55.7% YTD return. Trading at ₹7,938, its stock has gained over 27% in the last six months. The company has caught attention due to SEBI’s framework for special call auctions, which aims to enhance liquidity in holding company stocks. This move could provide new opportunities for investors interested in buying shares online.
Why buy shares online in debt-free companies?
Debt-free companies are typically more financially stable, ensuring that a larger portion of their earnings can be reinvested into growth rather than interest payments. The impressive returns from companies like Garware Hi Tech Films, Techno Electric & Engineering, Tata Investment, and JSW Holdings demonstrate the potential rewards for investors. Whether you're a seasoned trader or new to the market, choosing to buy shares online in debt-free companies can offer both stability and growth.
By leveraging platforms to buy shares online, investors can easily add these high-performing stocks to their portfolios and take advantage of the financial growth these companies are poised to deliver.
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