The stocks can be classified into many groups on the Indian stock market. They can be described as small-cap, mid-cap, and large-cap enterprises based on market capitalization. Nevertheless, there is one particular kind of stock that receives a lot of attention from all kinds of investors and they are the BLUE CHIP stocks. We will address what are the blue chip companies and the top ten blue chip companies in India in this article.
What is Blue Chip Companies ?
Blue Chip Companies are the businesses with stable income and with no large liabilities. These blue chip companies ‘ stocks were referred to as’ blue chip stocks.’ Blue chip firms are big and well-established firms with a coherent performance history.
These firms are financially powerful and capable of surviving in difficult market circumstances. Most of the blue chip companies are their industry’s market leaders. Few of India’s common blue chip companies are TCS, Infosys, HDFC Bank, ITC, Asian Paints, Maruti Suzuki Reliance Industries, and so on.
Now that we know about blue chip companies, let us bring into perspective the top 10 blue chip companies in India today;
TOP 10 blue chip companies in India today
TATA CONSULTANCY SERVICES (TCS)
TATA Consultancy Services is a division of a larger TATA Sons Limited. It was established in 1958 and has built its way as a successful Indian multinational information technology (IT) service, consulting and business solutions company. It is placed among the most valuable IT companies on a global platform and holds sole culpability for about 70% dividends of TATA SONS LTD.
RELIANCE INDUSTRIES
Reliance Industries is one of the largest conglomerates ever birthed from India, it is a multibillion dollar company, which has stood strong through every economic crisis, and has stuck a finger in every possible pie.
It’s most recent project, Jio, which aimed mainly at providing data services and digitalising for convenience of its users turned out to be a historical success and continues to engage the nation.
HDFC BANK
India’s leading financial and banking company, HDFC bank, is a giant in the banking and financial sector today. It is India’s largest private sector loaner, and provides services and employment to a huge portion of the country’s population. It is also the largest bank in India by market capitalization and has a brilliant track record.
ONGC
Oil and Natural Gas Corporation Limited is a leading energy based company in India and the 5th of its kind in Asia. It has won several laurels for its brilliant performance in the energy sector and continues to be one of the most consistent and efficient companies in the Indian economy.
ITC
Established in 1910 under the name of “Imperial Tobacco Company”, Indian Tobacco Company (ITC), is one of the biggest conglomerates in India today. It runs a stable past record and indulges majorly in five segments,ie, Fast-Moving Consumer Goods (FMCG), Hotels, Paperboards & Packaging, Agri-Business & Information Technology.
INFOSYS
India’s evergreen brainchild in the most powerful sectors of Information Technology, business consulting and Outsourcing; Infosys; is one of the biggest and most profitable blue chip companies in today’s world. It continues to sand strong and shows steady and headfast development in every sector it participates in.
SUNPHARMA
Sun Pharmaceutical Industries Limited caters to a humongous amount of markets in the pharmaceutical domain. It is one of the leading companies in market capitalization and has a splendid and stable track record.
STATE BANK OF INDIA (SBI)
State Bank of India is one of the most influential and extensive entities in the markets today. Its global participation and local user interaction is what makes it the leading public sector bank in the banking and financial sector today. It is a strong and stable presence in the domain, and continues to establish its importance in the country.
NESTLE INDIA
Despite being a subsidiary of NESTLE SA, the world’s largest food and beverage company, Nestle India has been sweeping the nation by storm ever since its establishment in 1956. It continues to hold sole culpability of the health and wealth of its consumers through its modern and sensitive efforts at matching and sustaining the changing lifestyles of Indians.
ICICI BANK
Investment Corporation of India Limited is adjudged to be the “best retail bank of India”. This private sector giant holds great power and importance in the private banking sector and on the Indian investors.