Best Business Support Stocks

The table below shows the best business support stocks based on the Highest Market Capitalization.

What is Business Support Stock?

Business support stock refers to shares of companies that provide essential services and solutions to other businesses, enhancing their operational efficiency and growth. These companies offer a range of services, including consulting, IT support, human resources, and financial management, which are crucial for the smooth functioning of various industries.

Features Of Best Business Support Stocks

The features of best business support stocks include robust financial performance, a strong client base, and innovative service offerings. These factors ensure that the companies remain competitive and continue to grow in the business support sector.

1. Strong Financial Performance: Consistent revenue growth and profitability are indicators of a stable and reliable business.
2. Diversified Client Base: A wide range of clients across different industries reduces dependence on a single market.
3. Innovative Service Offerings: Continuous development of new and improved services to meet client needs.
4. Experienced Management Team: Leadership with a proven track record of success in the business support industry.
5. Scalability: Ability to scale operations efficiently to handle increased demand.
6. Positive Market Reputation: Strong brand recognition and positive reviews from clients and industry experts.

Business Support Stocks in India

The table below shows business support stocks in India based on the highest day Volume.

Top Business Support Stocks

The table below shows top business support stocks based on the 6M Return. 

Business Support Stocks List

The table below shows the list of business support stocks based on a 1-year return. 

Factors To Consider When Investing In Best Business Support Stocks

The factors to consider when investing in business support stocks include market demand and industry trends, which help identify the potential for long-term growth and stability.

1. Company Financial Health: Assess the company’s financial statements to ensure profitability and sustainable growth.
2. Management Team: Evaluate the experience and track record of the company’s leadership.
3. Competitive Position: Understand the company’s market position relative to its competitors.
4. Regulatory Environment: Be aware of any regulations that may impact the industry or specific company.
5. Dividend Yield: Consider the dividend yield as it can provide a steady income stream.

How To Invest In Top Business Support Stocks?

To invest in top business support stocks, start by researching companies with strong fundamentals and growth potential. Utilize online trading platforms such as Alice Blue to open an account and complete the KYC process. Diversify your portfolio by investing in multiple companies within the sector. Regularly monitor market trends and company performance to make informed investment decisions.

Advantages Of Investing In Business Support Stocks in India?

The primary advantage of investing in business support stocks in India is the potential for high returns due to the country’s rapidly growing economy and increasing business activities.

1. Stable Income: Business support stocks often pay regular dividends, providing a steady income stream.
2. Economic Growth: These stocks benefit from India’s strong economic growth and development.
3. Diversification: Investing in various business support companies helps diversify your portfolio.
4. Inflation Hedge: Stocks typically outpace inflation, preserving the value of your investments.
5. Long-term Growth: Companies in this sector often experience long-term growth, leading to capital appreciation.

Risks Of Investing In Top Business Support Stocks?

The main risk of investing in business support stocks is market volatility, which can lead to significant fluctuations in stock prices and potential losses.

1. Regulatory Changes: New regulations can impact the profitability and operations of companies in this sector.
2. Economic Downturns: Economic slowdowns can reduce the demand for business support services.
3. Competitive Pressure: High competition can affect market share and profit margins.
4. Technological Disruption: Advances in technology can render existing business models obsolete.
5. Company-Specific Risks: Issues such as poor management decisions or financial missteps can negatively affect individual companies.

Introduction to Best Business Support Stocks

One 97 Communications Ltd

The Market Cap of One 97 Communications Ltd is Rs. 30557.06 crores. The stock’s monthly return is 19.28%. Its one-year return is -40.47%. The stock is 107.87% away from its 52-week high.

One 97 Communications Limited is the owner and operator of the Paytm brand, a payment app that provides a wide range of payment services for consumers and merchants. Paytm’s offerings are categorized into segments including Payment, Commerce, Cloud, and other services. 

The company’s main focus is on payment and financial services, such as payment facilitation, consumer and merchant lending, and wealth management. Additionally, they offer commerce and cloud services, such as digital product aggregation, ticketing services, telecom voice and messaging platforms, and more. 

RITES Ltd

The Market Cap of RITES Ltd is Rs. 17,350.99 crores. The stock’s monthly return is 9.99%. Its one-year return is 88.48%. The stock is 14.39% away from its 52-week high.

RITES Limited is an Indian engineering and consulting firm that offers a wide range of services in transportation infrastructure and related technologies, from initial concept development to project completion. The company operates in four main segments: Consultancy Services, Leasing of railway rolling stock and equipment, Export of rolling stock, equipment, and spare parts, and Turnkey Construction Projects. 

Its areas of expertise cover a variety of sectors including Railways, Metros, Airports and Land Ports, Ports and Harbors, Highways, Ropeways, Tunnels and Bridges, Institutional Buildings, Renewable Energy, and Urban Planning and Infrastructure. Additionally, RITES provides services such as Project Management Consultancy, Techno-Economic Feasibility Studies, Detailed Project Reporting, Third Party Inspections, Transaction Advisory, Wet Leasing of Locomotives, Construction Supervision, Export of Rolling Stock, Quality Assurance, Design Engineering Services, and Sustainability Consultancy.  

Indegene Ltd

The Market Cap of Indegene Ltd is Rs. 14,020.82 crore. The stock’s monthly return is 3.82%. Its one-year return is 2.80%. The stock is 12.46% away from its 52-week high.

Their services empower biopharmaceutical, emerging biotech, and medical device companies to develop products, bring them to market, and enhance their impact throughout the product lifecycle more effectively and efficiently using modern approaches. 

By integrating healthcare domain expertise, fit-for-purpose technology, and an agile operating model, they offer diverse solutions. These solutions provide personalized, scalable, and omnichannel experiences for patients and physicians. Their team is driven by the purpose of making healthcare organizations future-ready.

Kfin Technologies Ltd

The Market Cap of Kfin Technologies Ltd is Rs. 13,010.89 crore. The stock’s monthly return is 6.71%. Its one-year return is 112.43%. The stock is 8.24% away from its 52-week high.

KFin Technologies Limited, headquartered in India, caters to the critical requirements of asset managers serving a diverse client base that includes mutual funds, alternative investment funds (AIFs), pension funds, wealth managers, and corporations both in India and internationally. 

The company offers software-as-a-service (SaaS) solutions encompassing end-to-end transaction management, channel management such as brokerage computation and channel servicing, compliance tools, data analytics, and various digital services for asset managers across different sectors, in addition to providing outsourcing services.  

SIS Ltd

The Market Cap of SIS Ltd is Rs. 6511.07 crore. The stock’s monthly return is -0.38%. Its one-year return is 4.54%. The stock is 24.97% away from its 52-week high.

SIS Limited is an Indian company specializing in security solutions. The company operates in three main areas: Security Solutions-India, Security Solutions-International, and Facility Management. 

SIS is involved in various security services such as manned guarding, training, paramedic and emergency response services, loss prevention, facility management including cleaning, house-keeping, and pest control services, cash logistics like cash-in-transit and ATM cash replenishment, secure transportation of valuable items, and alarm monitoring and response services involving electronic security devices. The company has a presence in the Asia-Pacific region, covering countries like India, Australia, New Zealand, and Singapore.

Sanghvi Movers Ltd

The market cap of Sanghvi Movers Ltd is Rs. 4,712.98 crore. The stock’s monthly return is -2.08%. Its one-year return is 94.09%. The stock is 37.31% away from its 52-week high.

Sanghvi Movers Limited, an Indian company, specializes in renting out cranes to both private and public sector organizations. They also provide comprehensive services for engineering, infrastructure, procurement, installation, and commissioning on a complete project basis. With a fleet of over 400 medium to large heavy-duty telescopic and crawler cranes ranging from 20 to 1000 metric tons, the company operates at more than 130 job sites across India. 

Their cranes are mainly utilized in the construction of industrial facilities such as power plants, steel mills, cement factories, fertilizer plants, petrochemical complexes, refineries, metro systems (both underground and elevated), and the wind energy sector. In addition, they own a fleet of more than 95 high-bed trailers and 64 multi-axle lines for transporting cranes and related equipment. Sanghvi Movers Limited has a nationwide presence, with depot locations in over 10 states throughout India.

Awfis Space Solutions Ltd

The Market Cap of Awfis Space Solutions Ltd is Rs. 4346.72 crore. The stock’s monthly return is 34.97%. Its one-year return is 48.46%. The stock is 1.38% away from its 52-week high.

Awfis Space Solutions Ltd. (‘Awfis’), as of December 31, 2023, stands as the largest flexible workspace solutions company in India by the total number of centers. They offer a wide range of flexible workspace solutions, from individual flexible desk needs to customized office spaces tailored for start-ups, small and medium enterprises (SMEs), large corporates, and multinational corporations. 

These solutions accommodate varied seat cohorts, from a single seat to multiple seats, available for contract periods ranging from one hour to several years. Over time, Awfis has transitioned from a co-working space to an integrated workspace solutions platform.

Artemis Medicare Services Ltd

The Market Cap of Artemis Medicare Services Ltd is Rs. 2988.87 crore. The stock’s monthly return is 4.90%. Its one-year return is 78.71%. The stock is 2.89% away from its 52-week high.

Artemis Medicare Services Ltd, also known as Artemis Hospitals, is an India-based company that operates a multi-specialty hospital. They specialize in providing a wide range of advanced medical and surgical services, catering to both inpatient and outpatient needs. 

The hospital offers treatment options across various medical specialties, including allergy and immunology, haematology (blood conditions), orthopaedics (bones, muscles, and joints), neurology, infectious diseases, nephrology (kidney diseases), pulmonology (lung issues), oral and maxillofacial conditions, obstetrics and gynaecology, psychiatry, rheumatology (arthritis and joint diseases), general surgery, and urology. The company’s subsidiary, Artemis Cardiac Care Private Limited, is also part of their services.

Updater Services Ltd

The Market Cap of Updater Services Ltd is Rs. 2104.52 crores. The stock’s monthly return is 3.95%. Its one-year return is 10.73%. The stock is 22.44% away from its 52-week high.

Updater Services Limited, a company based in India, is a comprehensive business services platform that provides a range of services including integrated facilities management (IFM) and business support services (BSS). The company is divided into two main segments: IFM & Other Services and BSS Segment.  The IFM services segment focuses on soft services such as housekeeping, cleaning, disinfection, pest control, horticulture, and facade cleaning. 

Additionally, it offers production support services like material handling, on-site warehouse management, and inventory management, as well as engineering services such as mechanical, electrical, and plumbing solutions, and washroom and feminine hygiene care.  The other services segment includes warehouse management, institutional catering, staffing, and various other services. 

Eco Recycling Ltd

The Market Cap of Eco Recycling Ltd is Rs. 1427.38 crore. The stock’s monthly return is 26.76%. Its one-year return is 566.37%. The stock is 7.75% away from its 52-week high.

Eco Recycling Limited is a company specializing in the management of electronic waste (e-waste). The company offers a range of services related to recycling electrical and electronic waste, data destruction, recycling of lamps, and compliance with extended producer responsibility and corporate social responsibility standards. 

Their comprehensive services include asset removal from clients’ premises, packaging, reverse logistics, data destruction, WEEE recycling, asset recovery, dismantling, and e-waste recycling. Additionally, they provide lamp recycling, recovery of precious metals, implementation of extended producer responsibility programs, and support for corporate social responsibility initiatives across India and neighboring countries.  

Business Support Stocks in India – FAQs

Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.