If you are planning to shortlist shares for a long position in the stock market, you should also look at the prospects of the shares. Shares with good corporate governance are important. You should monitor news about changes in management and strategies of the company that you have invested in. If you are investing in an evolving industry, make sure that the company is innovating itself to stay in the market. A large-cap company is of little value if it is not expanding and maintaining its stronghold in the market. Long-term stock picks in India are the ones that are innovating themselves to maintain growth.