5 Best Growth Stocks to buy in May in 2024

[{"selector":"#anim-9548f9ba-b9ab-48bd-b8bd-4530a8c18540","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] By : Sachin Gupta

Tech Mahindra offers various services, including consulting, SAP and Oracle services, digital supply chain services, infrastructure management services, BPO services, platform solutions, and more. It can be a good diversification of the IT sector. It's trading around Rs. 1335.00, with ROCE, ROE, and OPM of 21.51%, 17.30%, and 12.76%, respectively.

[{"selector":"#anim-0da37f81-9c20-4858-b2a7-1a42de4e124f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f24ca9de-a078-4fc9-b469-03a61920513c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Tech Mahindra Check Share Price

It is India’s largest private sector conglomerate and runs many green hydrogen and fossil fuel projects in the country. It offers investors stability and consistent growth. The company’s Q4 results have been positive. The stock is trading around Rs. 2928.50 with ROCE and ROE of 9.37% and 9.31%. While its OMP is 12.94%.

[{"selector":"#anim-553e1a6d-90e5-41bd-94eb-da29c2fd2596 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.0061332464714133495%, -0.3829629818107654%) scale(1.4464285714285714)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0b5e2f17-5317-46fc-804f-475782896933","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Reliance Industries Ltd Check Share Price

It is a renowned player in the automobile sector. The company has started launching EVs for its flagship cars such as Nexon EV, Tiago EV, etc. It has a low PE of 20 and is currently trading around Rs. 949.65. The company’s ROCE is 6.45% while its ROE and OPM are 5.32% and 3.37%.

[{"selector":"#anim-01cd0755-6437-44bc-bff8-a7f6a5a9e977 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.267948727305653e-15%, -8.794146659194824e-7%) scale(1.434782608695652)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1d7e2d7f-5316-454a-a242-995ac139034d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Tata Motors Ltd Check Share Price

[{"selector":"#anim-96af16b3-29b2-49ab-b5f5-accc40273c01 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5412f473-283f-43ee-bb85-58003dfbfc6b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] It is the largest private-sector bank in India. This stock has given consistent returns and can help investors diversify their portfolios in the banking sector. The company’s stock is trading around Rs. 1452.50 with an OPM of 7.16%. While its ROE and ROCE are 15.89% and 3.10%. HDFC Bank Ltd Check Share Price

[{"selector":"#anim-8bd666f8-e18d-4a3c-908f-9b912c725d6e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4b94a822-98fb-4052-b9ae-dd51cb669999","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] It is the fastest-growing FMCG company and manufactures household and personal care products. The company’s shares are trading around Rs. 2700, and have ROCE, ROE, and OMP of 79.28%, 61%, and 27.28%. This indicates a strong and long-term value for the stock. Colgate Palmolive (India) Ltd Check Share Price

Check out more 5paisa webstories

[{"selector":"#anim-5fa93d7c-c384-44c3-b837-6ff71805c5f2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6212bb35-daf3-4d12-baf6-81e3cd33765e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43e4e68e-3f9e-40dd-b337-d0a42a4231ce","keyframes":{"transform":["translate3d(0px, 453.05562%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More Web-Stories

[{"selector":"#anim-0ef0efde-36ad-47e5-9939-8175ba145bb2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d09260c5-f04e-487b-b147-2f34663d9f73","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49674938-a723-4ba6-b768-fc010f85c399","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Click Here - Open Demat Account

5 Best Growth Stocks to buy in May in 2024

Published : 22 May 2024

It is a renowned player in the automobile sector. The company has started launching EVs for its flagship cars such as Nexon EV, Tiago EV, etc. It has a low PE of 20 and is currently trading around Rs. 949.65. The company’s ROCE is 6.45% while its ROE and OPM are 5.32% and 3.37%.

Check out more 5paisa webstories

Swipe up