If you are new to investing then you do not want to start the investment journey with high beta stocks with high risk, which can result in losses. There are many shareholders who invest in India, who have invested money and have never withdrawn that money. Once disappointment comes to the fore, you never want to invest again. Therefore, a good idea would be to focus on quality stocks, which are not very high beta and sound basic elements.
Here are a few stocks that can offer you good dividends and excellent protection.
1. Tata Consultancy (NS:TCS) Services Ltd
Tata Consultancy Services Limited (TCS) is engaged in providing information technology (IT) services, digital and business solutions. The Company's segments include banking, finance and insurance services (BFSI); manufacturing; retail and consumer packaged goods (CPG); telecom, media and entertainment, and others, such as energy, resources and utilities, hi-tech, life science and healthcare, s-Governance, travel, transportation and hospitality, and other products. Its services portfolio consists of IT and assurance services, business intelligence and performance management, business process services, cloud services, connected marketing solutions, consulting, engineering and industrial services, enterprise solutions, IT infrastructure services, mobility products and services, and platform solutions. Its software offerings include Digital Software and Solutions, TCS BaNCS and TCS Mastercraft, among others. It serves industries, including insurance, healthcare, retail, telecom, and others.
2. HDFC Bank (NS:HDBK) Limited
HDFC Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank's segments include Treasury, Retail Banking, Wholesale Banking, and other banking business. The Treasury segment primarily consists of net interest earnings from the Bank's investment portfolio, money market borrowing, and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The Bank provides its corporate and institutional clients a range of commercial and transactional banking products. The Other Banking business segment includes income from Para banking activities.
3. Hindustan Unilever (NS:HLL) Limited
Hindustan Unilever (LON:ULVR) Limited is engaged in fast-moving consumer goods business comprising home and personal care, foods and refreshments. The Company's segments are Soaps and Detergents, which includes soaps, detergent bars, detergent powders, detergent liquids, and scourers; Personal Products, which includes products in categories of oral care, skincare (excluding soaps), hair care, deodorants, talcum powder, color cosmetics, and salon services; Beverages, which includes tea and coffee; Packaged Foods, which includes branded staples (atta, salt, and bread), culinary products (tomato-based products, fruit-based products, and soups) and frozen desserts, and Others that includes exports, chemicals, water business, and infant care products. The other segment also includes the export sales of marine and leather products. Its brands include Lux, Surf Excel, Rin, Wheel, Fair & Lovely, Pond's, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Walls and Pureit.
4. Bajaj Finance (NS:BJFN) Ltd
Bajaj Finance Ltd. is a non-banking financial company, which engages in lending and allied activities. It offers consumer finance, SME finance, commercial lending, and investment.
5. Larsen Toubro Ltd
Larsen & Toubro (NS:LART) Ltd. is an investment holding company, which engages in technology, engineering, construction, manufacturing, and financial activities. It operates through the following business segments: Infrastructure; Power; Heavy Engineering; Electrical and Automation; Hydrocarbon; Information Technology and Technology Services; Financial Services; Developmental Projects; and Others. The Infrastructure segment comprises of engineering and construction of buildings and factories, transportation infrastructure, heavy civil infrastructure, power transmission, and distribution and water and renewable energy projects.