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Semiconductors are one of the major key components in Technology-driven goods whether Electric vehicles, Smartphones, televisions, Cameras, Washing Machines, CPUs, Electronic Sensors, Bank ATMs, and everything so-called related to modern technology.
And, in the last 5 years, technological advancements have been one of the major things that the world has seen like the Advancements in Artificial Intelligence, Self Driving Cars, or Improvements in GPUs and this boosts the growth in the Technology Sector and parallelly it boosts the demand of the Semiconductors – results in the J-Curve rise in the price of the Semiconductor Stocks.
One Such Semiconductor Stock is CG Power and Industrial Solutions, which has risen more than 2889% in the last 5 years as of July 22, 2024 that designs, manufactures, and sells equipment for power generation, distribution, transmission, and rail transportation.
The Company operates 12 semiconductor facilities and is a key player in microcontrollers, analog, power, and System-on-chip (SoC) products.
So, in this article, we have noted down some of the Best Semiconductor Stocks, based on Returns, Market Cap, Growth Opportunities, and Expert Picks.
Also Read: Top 10 Mutual Fund Companies in India in 2024
Top Semiconductor Stocks List in 2024 with Future Growth Opportunities with Highest Analyst Ratings and Broker Reports
Let’s discuss the top names in the Semiconductor Sector that somewhere given an outlandish return in the past and are predicted to perform even better in the coming years as per the Experts. For your help, we have provided the Broker’s research report link so that you can conclude better when picking the Best Semiconductor Stocks for the next 5 – 10 Years.
The stocks listed here are picked from the below lists of experts recommended Semiconductor stocks with the highest analyst BUY Rating on Groww.
| Stock Name | Analyst Rating (Buy) | 1 Yr Return (as of July 2024) | Broker Report by |
|---|---|---|---|
| BEL | 86% | 148.07% | Motilal Oswal |
| Hitachi Energy | 60% | 169.64% | Geojit |
| V-Guard | 62% | 59.61% | Geojit |
| Polycab | 56% | 37.67% | ShareKhan |
| CG Power | 67% | 69.35% | Check on Trendlyne |
| Dixon Tech | 46% | 174.24% | Check on Trendlyne |
| Havells | 55% | 81.64% | BOB Capital |
| ABB India | 42% | 80.86% | Geojit |
| MIC Electronics | 266.20% |
I am also interested in Investing in these Semiconductor Stocks (already invested in some of these stocks), but if you do wanna invest then first do your own research or consult with your Financial Advisor, as I am not a Sebi-registered RA or IA, and these stocks are used as a reference only.
Related: Best Solar Energy Stocks in India
Top 10 Semiconductor Stocks by Market Capitalization
First, let’s take a look at India’s Largest Semiconductors Stocks by Market Capitalization including one of India’s top IT companies HCL Tech, One of them gives more than 1,00,000% returns in total, and one of them has rallied more than 2800% in the last 5 Years – showing us the potential and opportunity in the Semiconductor stocks.
| Stocks Name | Market Capitalization | 1 Year Return |
|---|---|---|
| HCL Technologies | 4,32,653 | 41.07% |
| Bharat Technologies | 2,23,899 | 148.07% |
| ABB India | 1,61,453 | 80.86% |
| Vedanta | 1,63,483 | 63.06% |
| Havells | 1,10,868 | 35.68% |
| CG Power | 1,03,071 | 69.35% |
| BHEL | 1,02,460 | 219.47% |
| Polycab | 95,708 | 37.67% |
| Dixon Technologies | 67,416 | 174.24% |
| Hitachi Energy | 47,435 | 169.64% |
Top Semiconductor Stocks List by Experts
We only prompt the best Semiconductor stock options available that are recommended by Experts through various digital platforms – as they do intensive research to provide stocks with high growth opportunities and hence we collect all the data and show them to you, so you don’t have to wander from one place to other.
Now, let’s take a look at the Best Semiconductor Stocks recommended by Industry Experts.
Best Semiconductor Stocks in India for 2024 (by Smallcase)
| Stock Name | Market Cap | 1 Year Return |
|---|---|---|
| CG Power & Industrial Solutions | 1,03,071 | 69.55% |
| Tata Elxsi | 43,427 | -6.15% |
| Polycab India | 95,708 | 37.18% |
| HCL Tech | 4,32,653 | 41.075% |
| ABB India | 1,61,453 | 80.86% |
| Bharat Electronics | 2,23,899 | 148.07% |
| Dixon Technologies | 67,416 | 174.24% |
| Havells India | 1,10,868 | 35.68% |
| V Guard industries | 19,537 | 59.61% |
| Vedanta | 1,63,483 | 63.06% |
Best Semiconductor Stocks List for 2024 (by Groww)
| Stock Name | Market Cap | 1 Year Return | Analyst Rating |
|---|---|---|---|
| BEL | 2,23,899 | 148.07% | 86% |
| CG Power & Industrial Sol. | 1,03,071 | 69.55% | 67% |
| Hitachi Energy | 47,435 | 169.64% | 60% |
| V-Guard Industries | 19,537 | 59.61% | 62% |
| Havells India | 1,10,868 | 35.68% | 55% |
Best Semiconductor Stocks in India for 2024 (by Tickertape)
| Stock Name | 1 Yr Return | 5 Yr Returns |
|---|---|---|
| HCL Tech | 40.85% | 210.72% |
| Vedanta | 62.50% | 174.77% |
| Dixon Technologies | 174.60% | 2459.98% |
| Tata Elxsi | -5.86% | 890.82% |
| Moschip Technologies | 183.54% | 1754.33% |
| RIR Power Electronics | 218.50% | 4577.44% |
| ASM Tech | 175.21% | 2893.89% |
| MIC Electronics | 269.78% | 13042.68% |
| Solex Energy | 155% | 5512.41% |
| SPEL Semiconductor | 336.59% | 4699% |
| Surana Telecom | 196.54% | 469.47% |
Best Semiconductor Stocks List in India (by StockEdge)
| Stock Name | Market Cap | 1 Yr Return |
|---|---|---|
| Dixon Technologies | 67,416 | 174.60% |
| Tejas Network | 24,022 | 70.85% |
| CG Power | 1,03,071 | 69.15% |
| VA Tech Wabag | 7,609 | 141.52% |
| Tata Elxsi | 43,427 | -6.15% |
List of Semiconductor stocks of 2024 (by IndMoney)
| Stock Name | Analyst Rating | Target Price (Rs) | 1 Yr Return |
|---|---|---|---|
| BEL | Buy | 301 | 148.50% |
| ABB India | Hold | 7,700 | 81.56% |
| Havells | Buy | 1,758 | 35.63% |
| Polycab | Buy | 6,916 | 36.59% |
| CG Power | Hold | 588 | 68.35% |
| BHEL | Sell | 209 | 220.42% |
| Honeywell Automation | Hold | 47,238 | 25.24% |
| Apar Industries | Hold | 8,184 | 117.05% |
| Hitachi Energy | Hold | 9,783 | 164.81% |
| V-Guard Industries | Buy | 404 | 59.49% |
Now, we have discussed almost all of the best Semiconductor Stocks that one can have in their portfolio as the world needs more and more semiconductors as the technology advances because Semiconductors are one of the major components for all the tech-driven instruments from high-end Computers to Self-Driving Cars to Medical Equipment.
And, this sector is poised for long-term growth as the world heads toward more technologically advanced gadgets and following the first principle of Humans, semiconductors also witnessed extraordinary progress as they become smaller and smaller, but more efficient and powerful over time – resulting in high demand for semiconductors – and this results in (as I said earlier) a J-Curve growth in price of the Semiconductor Stocks.
But the question is still there –
What’s the Future of the Semiconductor Stocks?
So, first of all – Semiconductors are unlikely to be replaced in the near future, and as technology fastens its speed in shaping the world – we need more and more semiconductors and the demand will remain strong and this reason alone is capable of telling the bright future of the semiconductor stocks.
But I have more points to describe if we talk about the future of semiconductor stocks in India.
For Now, India wholly relies on Semiconductor imports from other Asian Countries including Taiwan, China, and Korea which will cost us approximately $24 billion and is projected to reach over $60 billion by 2026 and over $100 billion by 2032.
With the increasing demand for semiconductors across various sectors where electronic devices are being used including EVs, Telecom Services, Computers, and most importantly the Rollout of 5G across the country – there is an urgency to reduce the dependency on the import of semiconductors.
Hence, the government of India, headed by the Ministry of Electronics and Information Technology launched the ISM (Indian Semiconductor Mission) which is basically an incentive program for manufacturers offering up to 50% of the cost coverage with a $10 billion commitment.
Also, the government has allocated Rs. 76,000 crores under the PLI scheme to support domestic Semiconductor manufacturing and display. This approach of the government has attracted foreign brands to invest in semiconductor facilities in India including TSMC and Intel, as well as some of the big domestic names including Tata and Vedanta.
So, In one Word – The Future of Semiconductor in India looks very Bright
– and ultimately this is going to benefit the stocks that somewhere invested or directly participated in the semiconductor sector.
The Conclusion
We have discussed the best semiconductor stocks that somewhere given a positive return in the last 5 years and as the Semiconductor market grows in India and the semiconductors are being manufactured inside the country, the semiconductor sector can give an outstanding return as this sector has hidden demand-driven growth in the future as the technology advances.
Choosing the best is upon you as this sector can be volatile and also cyclic in nature as it goes through growth and decline due to changes in demands. But the best thing is that the Semiconductor sector has high growth potential, especially in India, and investing in Semiconductor stocks helps you diversify your Portfolio.
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