5 handpicked stocks to buy for beginners 2023Best Stocks to Buy for Beginners 2023

Investing in the stock market can be a daunting task, especially for beginners. With so many options available, it can be overwhelming to decide which stocks to invest in.

However, investing in the stock market can also be a great way to grow your wealth over the long term. To help you get started, we have handpicked 5 stocks to buy for beginners in 2023.

These stocks have been chosen based on their fundamentals, growth prospects, and potential to offer good returns in the long run.

So, whether you are new to investing or looking for some ideas to diversify your portfolio, read on to discover the top 5 handpicked stocks that offer the best value for beginners in 2023.

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Best Stocks to Buy for Beginners 2023

The decision to invest in a company’s shares can be made after studying its fundamental principles. Annual revenues, profits, and upcoming projects such as mergers and acquisitions can be used to estimate the growth of a company’s stock and park one’s money in their shares.

Based on our foresight of a company’s future, here are the top 5 stocks for beginners to buy for the best value or the best stocks to provide the optimal value for beginners.


1. Tata Consultancy Services (TCS)

IT stocks have a history of providing good returns to investors. Despite the recent volatility in the IT industry, the growth prospects of this sector seem promising.

TCS remains one of the most sought-after investment options for individuals interested in bringing diversity to their portfolios. Founded in 1968, it made its debut on the stock market as an IPO in 2004.

Since then, it has been lauded for its annual compounded growth rate of 27% for the next decade!


  • The company posted a net profit of ₹10,846 crores in the final quarter of 2022, which is 3.9% higher than the previous year.
  • TCS has several customers in Europe and America, who provide significant resistance to the company against the market decline in India.

>>Check ITC Share Price Today

2. Bajaj Auto

Bajaj Auto is one of the most popular automotive manufacturers in India, known for its motorcycles, scooters, and auto-rickshaws.

It has a highly responsive research and development wing that caters to market demand and helps launch impressive products.

Along with Hero MotoCorp, Bajaj Auto is one of the most widely recognized automotive manufacturers in the country. There are several reasons why it is one of the best shares for long-term investments.


  • A strong supply chain and an efficient distribution system ensure the timely delivery of all orders.
  • The company recorded a net profit of ₹1,491 crore for the second quarter of 2022, which is significantly higher than the profit of ₹1,214 crore in the previous year of 2021.

>>Check ITC Share Price Today


3. Reliance Industries

The high diversity in profitable ventures makes Reliance Industries one of the most attractive options for your portfolio.

The group has roots in sectors such as telecommunications, mass media, petrochemicals, textiles, natural gas, and retail.

  • In telecommunications, Jio has a 38.6% market share dominance.
  • Reliance Retail’s expansion with the purchase of the first 7-Eleven chain in India.
  • Reliance Industries has a market cap of ₹15.27 trillion, which positions it as the 53rd most valuable company in the world, supplementing its status.

>>Check Reliance Industries Share Price Today

4. ICICI Bank

ICICI Bank has more than 5,534 branches across India and a strong presence in 13,379 rural areas with ATMs. It fulfills retail banking, life insurance, wholesale banking, and many other areas.

Investment in ICICI Bank or HDFC Bank has left many investors in a dilemma. Given that HDFC is India’s largest private bank and ICICI Bank is the second-largest, it seems that the answer is clear.

Based on our research, we believe that ICICI Bank could prove to be a more viable long-term investment.


  • With a stronger digital strategy and high growth projections, ICICI Bank has surpassed HDFC Bank.
  • The bank gives more weightage to retail banking, a segment that is relatively less risky, and reduces the likelihood of writing off bad loans.
  • ICICI Bank’s stock has remained strong in 2022, with a growth of 20.36%.

>>Check Icici Share Price Today

5. ITC

ITC, or Indian Tobacco Company, has been one of the leading FMCG brands in India for some time. It also provides other profitable options such as hotels, agriculture, cigarettes, and paperboard.

Some popular brands working under ITC include Sunfeast, Aashirvaad, Bingo, Fiama, and Engage.


  • Increasing the agricultural loan target to Rs. 20 lakh crores implies the hope for better performance compared to its peers from agriculture-based businesses like ITC.
  • In 2022, ITC’s shares grew by over 50% as the company had a healthy margin in all of its business sectors.

>>Check ITC Share Price Today


FAQ About 5 Best Stocks to Buy for Beginners 2023

Q: What are the 5 handpicked stocks to buy for beginners in 2023?
A: The article highlights five stocks that are deemed to offer the best value for beginners in 2023.

Q: Who is the target audience for this article?
A: The target audience for this article is beginners who are interested in investing in the stock market.

Q: What criteria were used to select these five stocks?
A: The stocks were handpicked based on their potential for growth and their value proposition.

Q: Are these stocks guaranteed to make a profit?
A: No, investing always carries a certain amount of risk, and there are no guarantees that these stocks will make a profit. It is important to do your own research and invest wisely.

Q: Is it necessary to have prior knowledge or experience in investing to purchase these stocks?
A: While prior knowledge or experience in investing can be helpful, it is not necessary to purchase these stocks. However, it is important to understand the risks involved and to invest wisely.

Q: Where can I purchase these stocks?
A: These stocks can be purchased through a brokerage account or an online trading platform. It is important to choose a reputable platform and to read the terms and conditions carefully before investing.

Q: Which is the best demat account to buy stock?
A: There are several reputable demat account providers, each with its own advantages and disadvantages. Some of the top demat accounts are Zerodha, Angel Broking, 5paisa, etc.


Before investing in the stock market, it is important to identify and define your risk-taking ability. Long-term investment can be a practical way to build wealth provided you have confidence in the company’s fundamental principles. Therefore, conduct your own research and use our list of best stocks as a reference point for purchasing.

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Investors are being attracted to the stock market rapidly and are moving away from traditional means of savings such as fixed deposits. However, to create a Demat account and enjoy a hassle-free trading experience, it is essential to first choose a reliable stockbroking platform such as Choice India.

Open a demat account with Choice India now and discover our user-friendly interface for buying and selling shares!

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