Best Blue Chip Stocks in India

March 27, 2023

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

The below table shows the best blue chip stocks in India based on the highest market capitalization.

Sl No.Stock NameShare PriceMarket Cap (₹ Crores)
1Reliance Industries Ltd2,203.3058,57,375
2Tata Consultancy Services Ltd3,120.5028,17,156
3HDFC Bank Ltd1,560.6525,84,591
4ICICI Bank Ltd852.4015,02,039
5Hindustan Unilever Ltd2,480.8014,59,949
6Infosys Ltd1,380.6512,78,126
7ITC Ltd378.7011,58,443
8Housing Development Finance Corporation Ltd2,559.9011,52,254
9State Bank of India505.358,59,952
10Bharti Airtel Ltd762.458,04,345

So, blue chip stock is a stock market jargon used to describe large-cap stocks in the share market. But why blue chip, why not any other color? The name blue chip has been derived from the game of poker, where the blue-colored chip has the highest value.

You know, big companies can offer big profits, big dividends, and higher earnings per share, and they become a trusted name. 

In this article, you will find the best chip stocks in India, which have made their mark over the years. Keep reading to learn about the best blue chip stocks and their lists made on various factors.

Do you know what is valuation of shares? Click on this link.


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.

Sl No.Stock NameIndustryMarket Cap (₹ Crores)
1Reliance Industries LtdOil & Gas – Refining & Marketing17,07,781.94
2Tata Consultancy Services LtdIT Services & Consulting12,25,416.30
3HDFC Bank LtdPrivate Banks9,02,052.95
4Infosys LtdIT Services & Consulting6,65,856.38
5ICICI Bank LtdPrivate Banks6,41,219.88
6Hindustan Unilever LtdFMCG – Household Products5,77,999.45
7State Bank of IndiaPublic Banks5,34,628.87
8Bharti Airtel LtdTelecom Services4,88,764.87
9Housing Development Finance Corporation LtdHome Financing4,83,816.01
10Adani Enterprises LtdCommodities Trading4,58,069.55

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 organization. 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 has grown 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 was 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 a 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. 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.

6. 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 provider 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.

7. 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.

8. Bharti Airtel Limited

Bharti Airtel Limited is a telecommunications firm that provides voice and data telecommunication services via wireless as well as fixed-line networks and broadband technology.

9. Housing Development Finance Corporation Ltd

The Housing Development Finance Corporation Limited is a holding company that operates as a financial institution in India, providing funding in the form of loans for the acquisition or construction of residential residences, commercial real estate, and for a variety of other reasons.

10. Adani Enterprises Ltd

Adani Enterprises Ltd. has financial stakes in a variety of sectors of the economy, including mining, integrated resources management (IRM), infrastructure (including airports, roads, rail/metro, water, and data centers), agriculture, defense, and the manufacturing of solar panels, among other things.

Looking for the Best Stocks in different sectors? Check out the following articles:

Best Banking Stocks in India
Top 10 FMCG Companies in India
Top Pharma Companies in India
Best IT Sector Stocks
Agricultural Stocks in India
Best Auto Sector Stocks in India
Best Renewable Energy Stocks in India
Best Insurance Stocks to buy in India 2023
Best Hotel Stocks in India
Fertilizer Stocks in India
Metal Stocks

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.

Sl No.Stock NameShare PriceEarning Per Share (₹)
1Housing Development Finance Corporation Ltd2,559.90124.94
2Tata Consultancy Services Ltd3,120.50104.18
3Reliance Industries Ltd2,203.3089.75
4HDFC Bank Ltd1,560.6568.82
5Infosys Ltd1,380.6552.40
6State Bank of India505.3539.64
7Hindustan Unilever Ltd2,480.8037.79
8ICICI Bank Ltd852.4036.22
9ITC Ltd378.7012.38
10Bharti Airtel Ltd762.457.41

Best Blue Chip Stocks – Highest Dividend

Consider dividends payouts, then the list changes a little, and so we have made the below list of top blue chip stocks in India based on the highest dividend per share in the past year.

Sl No.Stock NameStock PriceDividend Per Share (₹)
1Tata Consultancy Services Ltd3,120.5043.00
2Hindustan Unilever Ltd2,480.8034.00
3Infosys Ltd1,380.6531.00
4Housing Development Finance Corporation Ltd2,559.9030.00
5HDFC Bank Ltd1,560.6515.50
6ITC Ltd378.7011.50
7Reliance Industries Ltd2,203.308.00
8State Bank of India505.357.10
9ICICI Bank Ltd852.405.00
10Bharti Airtel Ltd762.453.00

If you are wondering about dividends and their payout methods, you may click here to get a brighter idea of the same.

Now, let’s go on to our next section, where we have made a different list for your consideration.

Nifty Blue Chip Stocks

This list is bonus content provided by us for you. The below companies are the top 10 blue chip stocks listed in Nifty.

Sl No.Stock NameWeightage %
1Reliance Industries Ltd.10.5
2HDFC Bank Ltd.9.23
3ICICI Bank Ltd.7.81
4Infosys Ltd.7.13
5Housing Development Finance Corporation6.16
6Tata Consultancy Services Ltd.4.45
7ITC Ltd.4.35
8Larsen & Toubro Ltd.3.34
9Kotak Mahindra Bank Ltd.3.28
10Axis Bank Ltd.2.99

Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:

Mid Cap Stocks
Shares Below 5
Nifty 50 Companies
Shares Below 50
High Volume Stocks in India
Footwear Stocks
Monopoly Stocks
Chemical Stocks in India
Tobacco Stocks in India
EV Stocks in India
Logistic Stocks India
Jewelry Stocks
Best Cement Stocks
Railway Stocks
Liquor Stocks In India
Aviation Stocks in India

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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