This blog goes through the most popular services sector stocks from India. You will find out how the services sector is performing in India and learn how you can invest in the best stocks from India using the Cube Wealth app.
[Updated on 16th June 2021]
The economy of major countries can be divided into three sectors: primary, secondary, and tertiary. The primary sector includes raw materials; the secondary sector includes manufacturing; the tertiary sector includes services.
The tertiary sector contributes the most to India’s GDP with iconic publicly traded companies like Larsen & Toubro, Tata Consultancy Services, HDFC, and more playing a crucial role in its growth.
In this blog, we will examine the Indian services sector by looking at its past performance, popular stocks, and past performance. In the end, we'll tell you how Cube Wealth can help you invest in the best stocks from the services sector.
Important: This blog is meant to educate readers and the information furnished here is not to be construed as investment advice from Cube Wealth. Please consult a wealth coach or financial advisor before investing in any asset. Before adopting any investment strategy, it's advisable to download the Cube Wealth app and consult a Cube Wealth Coach who can provide guidance based on your risk tolerance.
The services sector includes companies that provide services rather than producing traditional goods. These brands charge for the value added by their service instead of a specific product.
Examples of services sector industries include:
The services sector contributes approximately 60% to India’s GDP while employing only 25% of the overall workforce. The IT industry contributes the most to the growth and revenue of the services sector.
*Important Note: All facts & figures mentioned in the tables above have been collated from publicly available sources. The companies mentioned in the tables are listed in no particular order and are a reflection of India’s most popular service sector brands at the moment. Cube Wealth does not recommend purchasing stocks based on popularity alone and suggest you consult a Wealth Coach before putting your hard-earned money into any asset. You may also consult a Cube Wealth Coach before investing in any such vehicle.
In India, the performance of the services sector can be tracked with the help of the Nifty Services Sector index:
Stocks from the services sector may seem promising to many investors but just like any investment, each stock must be evaluated based on merit through analysis and careful research.
However, busy professionals may find stock analysis and everyday market tracking to be tedious. That’s where a powerful app like Cube Wealth becomes useful.
Cube gives you access to Indian stock advice from industry experts Purnartha who have 7500+ clients and an AUM of ₹7000+ crores. Moreover, they have a solid track record of beating the market.
Purnartha's April 2009 to October 2020 CAGR was approximately 3x better than NIFTY:
Purnartha's investment strategy focuses on companies that have a strong balance sheet, high growth potential in the long term, and owners who have an active part to play in the company's success.
This may be ideal for investors looking to create long term wealth backed by quality advice and a strong investment identity.
Download the Cube Wealth app to invest in the best Indian services sector stocks with advice from industry experts Purnartha.
Watch this video to learn how Indian stock advice works on the Cube Wealth app
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