4 Largecap Good Stocks to Buy to Watch for Future Multibagger Potential: Bajaj Finance, LIC, Infosys and Adani Ports
- October 23, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Bajaj Finance Rs 942.10. LIC Rs 387.50. Infosys Rs 1,153.35. Adani Ports Rs 1,750. Market caps from Rs 4.03 lakh crore to Rs 6.03 lakh crore. Data as of 22 Oct 2026.
Quick Answer
Bajaj Finance, LIC, Infosys and Adani Ports are the 4 picks in this good stocks to buy watchlist, with market caps between Rs 4.03 lakh crore and Rs 6.03 lakh crore. Bajaj Finance stands out for the strongest latest-quarter profit growth at 27.60%, while LIC offers the fastest profit growth, 93.19% a year since FY22. PE ratios run from 8.30 to 30.69, so compare each one with its industry PE before investing. All figures are as of 22 October 2026.
Good stocks to buy to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Bajaj Finance, LIC, Infosys and Adani Ports meet that test, with market caps from Rs 4.03 lakh crore to Rs 6.03 lakh crore and Bajaj Finance offering the strongest latest-quarter profit growth at 27.60%. Each of these companies has a return on equity above 12 per cent, profit growth of at least 10 per cent in FY26 and the latest quarter, and a dividend, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a return on equity above 12 per cent, profit growth of at least 10 per cent in FY26 and the latest quarter, and a dividend, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening good stocks to buy usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 22 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Good Stocks to Buy and Why Do They Attract Multibagger Interest?
Good stocks to buy are shares of large, profitable companies that grow earnings and also pay a dividend. The four here cover consumer finance, insurance, IT services and ports.
Growth plus a dividend is a balanced combination for a first-time or long-term holder. For good stocks to buy, both FY26 and the latest quarter showed growth. For good stocks to buy, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of good stocks to buy, using FY26 and latest quarter data. Prices move daily, so recheck the figures for good stocks to buy before you decide.
Good Stocks to Buy at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 22 October 2026. LIC has the lowest PE of the group at 8.30, while Infosys posts the highest return on equity at 33.24%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Bajaj Finance | 942.10 | 6,02,984 | 29.21 | 17.68 | 16.68% | 5.29 | 787.90 to 1,176.40 |
| Life Insurance Corporation of India | 387.50 | 4,98,410 | 8.30 | 10.47 | 32.53% | 2.81 | 360.75 to 468.48 |
| Infosys | 1,153.35 | 4,41,906 | 14.57 | 18.27 | 33.24% | 5.12 | 980.40 to 1,728.00 |
| Adani Ports and Special Economic Zone | 1,750 | 4,02,686 | 30.69 | 31.83 | 13.32% | 4.20 | 1,292.00 to 1,891.10 |
Bajaj Finance: 28.78% Profit CAGR Since FY22
Bajaj Finance is a large NBFC offering consumer, SME, commercial and mortgage loans along with deposits and payment services. It reported FY26 total income of Rs 81,989.50 crore, up 19.09% year on year, and net profit of Rs 19,332.36 crore, up 15.21%. Net profit has compounded at 28.78% a year since FY22, while total income has grown 26.88% a year.
In the June 2026 quarter, total income rose 18.63% to Rs 23,166.42 crore and net profit grew 27.60% to Rs 6,080.60 crore. Domestic institutions raised their holding from 14.47% in September 2025 to 17.05% in September 2026. The stock trades at a PE of 29.21 against an industry PE of 17.68, with a return on equity of 16.68%.
LIC: 93.19% Profit CAGR Since FY22
LIC is India’s largest life insurer and one of the biggest institutional investors in the stock market, with a vast agent network across the country. It reported FY26 revenue of Rs 9,90,211.25 crore, up 10.23% year on year, and net profit of Rs 57,453.15 crore, up 18.90%. Net profit has compounded at 93.19% a year since FY22, while revenue has grown 7.96% a year. Operating margin was 5.51% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
The stock trades at a PE of 8.30 against an industry PE of 10.47, below the sector average, with a return on equity of 32.53%. In the June 2026 quarter, revenue rose 6.97% to Rs 2,41,166.45 crore and net profit grew 23.98% to Rs 13,584.25 crore. Domestic institutions raised their holding from 1.36% in September 2025 to 6.17% in September 2026.
Infosys: Return on Equity of 33.24%
Infosys is a large IT services and consulting company that has built an AI-first offering around its Topaz platform. It reported FY26 revenue of Rs 1,82,972 crore, up 9.83% year on year, and net profit of Rs 29,474 crore, up 10.18%. Net profit has compounded at 7.41% a year since FY22, while revenue has grown 10.23% a year. Operating margin was 25.36% in FY26. The debt-to-equity ratio is 0.10, which keeps interest costs low.
In the June 2026 quarter, revenue rose 13.56% to Rs 49,195 crore and net profit grew 12.29% to Rs 7,775 crore. Domestic institutions raised their holding from 39.60% in June 2025 to 42.96% in June 2026. The stock trades at a PE of 14.57 against an industry PE of 18.27, below the sector average, with a return on equity of 33.24%. The dividend yield is 4.40%.
Adani Ports: 26.74% Profit CAGR Since FY22
Adani Ports and Special Economic Zone is India’s largest private port operator, with ports on both coasts and a growing logistics business. It reported FY26 revenue of Rs 40,854.36 crore, up 26.16% year on year, and net profit of Rs 12,782.03 crore, up 15.56%. Net profit has compounded at 26.74% a year since FY22, while revenue has grown 20.55% a year. Operating margin was 64.59% in FY26.
The stock trades at a PE of 30.69 against an industry PE of 31.83, below the sector average, with a return on equity of 13.32%. In the June 2026 quarter, revenue rose 23.90% to Rs 11,673.71 crore and net profit grew 10.24% to Rs 3,649.50 crore. The share price has gained 115.30% over five years and 17.95% over the past year. Foreign investors raised their holding from 13.61% in September 2025 to 15.95% in September 2026.
Good Stocks to Buy: Financial Comparison on Growth and Margins
The table compares scale and growth across these good stocks to buy. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| Bajaj Finance | 81,989.50 | 19,332.36 | 19.09% | 26.88% | 28.78% |
| LIC | 9,90,211.25 | 57,453.15 | 10.23% | 7.96% | 93.19% |
| Infosys | 1,82,972 | 29,474 | 9.83% | 10.23% | 7.41% |
| Adani Ports | 40,854.36 | 12,782.03 | 26.16% | 20.55% | 26.74% |
Check the Univest Screener for live data on these good stocks to buy
Institutional Holding in Bajaj Finance, LIC, Infosys and Adani Ports
Institutional holding shows who is backing these good stocks to buy alongside the promoter. The table uses the latest reported quarter for each. Infosys has the deepest institutional backing, with FII and DII together holding 70.05% as of June 2026. Domestic institutions increased their holding over the past year in Bajaj Finance (from 14.47% to 17.05%), LIC (from 1.36% to 6.17%) and Infosys (from 39.60% to 42.96%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Bajaj Finance | 54.67% | 19.79% | 17.05% | 8.49% | September 2026 |
| LIC | 90.00% | 1.55% | 6.17% | 2.28% | September 2026 |
| Infosys | 13.82% | 27.09% | 42.96% | 16.13% | June 2026 |
| Adani Ports | 66.03% | 15.95% | 13.25% | 4.77% | September 2026 |
Risks to Weigh in Good Stocks to Buy
Being careful with good stocks to buy means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Bajaj Finance trades at a PE of 29.21 against an industry PE of 17.68, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Good Stocks to Buy
Picking from good stocks to buy comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (10.47 to 31.83) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track Bajaj Finance, LIC, Infosys and Adani Ports live prices.
Conclusion
Among good stocks to buy, Bajaj Finance stands out for the strongest latest-quarter profit growth at 27.60%, LIC for the fastest profit growth, 93.19% a year since FY22, Infosys for the highest return on equity at 33.24% and Adani Ports for the biggest five-year price gain at 115.30%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing good stocks to buy should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Good Stocks to Buy to Watch
Which are the best good stocks to buy to watch for multibagger potential?
Ans. Bajaj Finance, LIC, Infosys and Adani Ports are the 4 names this list highlights, with market caps of Rs 6,02,984 crore, Rs 4,98,410 crore, Rs 4,41,906 crore and Rs 4,02,686 crore respectively. Bajaj Finance is notable for the strongest latest-quarter profit growth at 27.60%. LIC stands out for the fastest profit growth, 93.19% a year since FY22. Infosys offers the highest return on equity at 33.24%. Adani Ports brings the biggest five-year price gain at 115.30%. These are watchlist names for good stocks to buy, not recommendations, so match each one to your own risk profile and time horizon.
Is Infosys a good stock for long-term investors?
Ans. Infosys has a return on equity of 33.24%, a PE of 14.57 against an industry PE of 18.27 and a market cap of Rs 4,41,906 crore. Net profit has compounded at 7.41% a year since FY22, and FY26 revenue rose 9.83% while June 2026 quarter net profit grew 12.29%. Long-term returns in good stocks to buy depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can LIC become a multibagger from here?
Ans. LIC has a market cap of Rs 4,98,410 crore. A multibagger outcome in good stocks to buy requires earnings to keep growing faster than the market for several years. Net profit has compounded at 93.19% a year since FY22, and FY26 revenue rose 10.23%. At a PE of 8.30 against an industry PE of 10.47, valuation should be checked against that growth before investing.
What is the market cap of Bajaj Finance, LIC, Infosys and Adani Ports?
Ans. As of 22 October 2026, Bajaj Finance has a market cap of Rs 6,02,984 crore, LIC has a market cap of Rs 4,98,410 crore, Infosys has a market cap of Rs 4,41,906 crore and Adani Ports has a market cap of Rs 4,02,686 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on good stocks to buy.
What are the risks of investing in good stocks to buy?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Bajaj Finance trades at a PE of 29.21 against an industry PE of 17.68, so earnings growth needs to hold up.
Why is Bajaj Finance trading at a PE of 29.21?
Ans. Bajaj Finance’s PE of 29.21 compares with an industry PE of 17.68. The market is paying a premium for a return on equity of 16.68%, profit growth of 28.78% a year since FY22 and latest-quarter profit growth of 27.60%, which also means the stock is more sensitive if growth slows. Investors in good stocks to buy who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Bajaj Finance, LIC, Infosys and Adani Ports?
Ans. As of the latest reported quarter, FII and DII together hold 36.84% of Bajaj Finance (19.79% and 17.05%), 7.72% of LIC (1.55% and 6.17%), 70.05% of Infosys (27.09% and 42.96%) and 29.20% of Adani Ports (15.95% and 13.25%). Rising institutional holding is a useful signal in good stocks to buy, though it should be read with earnings trends rather than on its own.
