Best Blue Chip Stocks in India – Higher the Market Cap, Higher the Profits???

Blue Chip Stocks in India – Highest Market Cap

The below table is the list of top blue chip stocks in India. Clearly, they are categorized based on market capitalization.

1. Reliance Industries Ltd

Reliance is a household name in India. Keeping aside the newborn, almost every Indian is aware of Reliance. It is an Indian multinational conglomerate established in 1960. They are present almost in every domain, be it energy, petroleum, textiles, natural resources, telecommunications, retail, and whatnot. It is one of the most profitable companies in India. Reliance ranks 96 in Fortune Global 500 world’s biggest organizations. Reliance is undoubtedly one of the best blue chip stocks in India.

2. Tata Consultancy Services Ltd

Pick up any IT background Engineering student; TCS is one of the top companies they aspire to work for. An Indian Multinational IT company that the TATA group owns. TCS is also the second-largest Indian company in terms of Market Capitalization. It was incorporated in 1968 and grew stronger since then. One of the largest IT sector companies, TCS is among the best blue chip stocks in India.

3. HDFC Bank Ltd

HDFC Bank is one of India’s leading and biggest private sector banks; it is also the first to get RBI’s approval for a private sector bank in 1994. With over 5608 branches and 16087 ATMs in 2902 Cities, it has a vast network. HDFC is a Large-Cap banking stock in India and one of the largest in terms of Market-Capitalization and is one of the top blue chip stocks in India.

4. Infosys Ltd

Infosys Ltd was incorporated in 1981 and is now a global IT services and consulting company. They have started their journey from the capital of USD250 to now a USD79.7 Billion company. Infosys is one of the top IT companies to work in. Infosys comes just after TCS in terms of revenue figures. It is a Large-Cap IT sector stock that gives a pretty decent dividend per share to the investor, making it one of the best blue chip stocks. 

5. Hindustan Unilever Ltd

Hindustan Unilever Ltd or HUL is an amalgamation of Hindustan Vanaspati Manufacturing Company (1931), Lever Brothers India Limited (1933), and United Traders Limited (1935). Collectively the largest providers of packaged food, beverages, household products, personal care products, water purifiers, and many more.

The promoters of HUL hold up to 61% of the total share capital; they have more than 64 product brands with over 21000 employees. All the above factors bring HUL to the top 10 blue chip stocks in India.

6. Housing Development Finance Corporation Ltd

Founded in 1977, Housing Development Finance Corporation Ltd or HDFC is the first specialized mortgage and finance company in India and is the flagship company of the HDFC group. HDFC is a significant player in providing housing finance in India with its presence in banking, insurance, asset management, venture capital and many more. There are tons of reasons why HDFC is one of the top blue chip stocks in India.

7. ICICI Bank Ltd

ICICI Bank is one of the biggest private banks in India. Its total assets were valued at Rs.14.76 trillion in 2020. Its network is so strong that it has 5288 branches with 15,158 ATMs across the country. This Large-Cap blue chip stock is one of the best blue chip stocks to buy.

8. State Bank of India

I don’t think this bank needs any introduction. Every Indian Pincode has a branch of this biggest bank in the country. SBI was established in 1806 and has successfully carried its legacy and heritage for over 200 years. SBI is a multinational corporation, and its presence can be noticed in 32 countries.

It is also proud to know that SBI is a Fortune 500 company. Being the biggest bank in the country, SBI is a Large-Cap stock. We undoubtedly had to consider this stock in our list of blue chip stocks in India.

9. Kotak Mahindra Bank Ltd

Kotak Mahindra Bank is yet another big private bank in India that the masses trust. Established in 1985, it ranks 245 in the world’s top 500 banks. It is valued at Rs.34,90,80,94,000. This Large-Cap bank stock offers a decent ROI, and hence, it can be considered one of the best blue chip stocks in India.

10.Bajaj Finance Ltd

Bajaj Finance Ltd was incorporated in 1987 as Bajaj Auto Finance Ltd and primarily focused on providing 2 and 3 wheeler automobiles. This subsidiary company of Bajaj FInserv later expanded its operation as a Non-Banking Finacial Company (NBFC). Now the company deals in consumer finance, SME and commercial lending, and wealth management, and also made its place in the list of blue chip stocks in India.

Top Blue Chip Stocks in India – Highest EPS

As mentioned above, this list is a categorization of the best blue chip stocks as per the highest earnings per share. The EPS mentioned below is the data from the previous year.