TOP BLUE CHIP STOCKS IN INDIA 2023
Investment is one of the best ways to build wealth over time and is an excellent source of passive income. Since equities are the most popular form of investment that gives excellent returns, people opt for investing in stocks. This leads investors to seek out the top blue chip stocks in India in 2023 to find good investing opportunities.
Blue chip stocks are chosen for their reliability, strong fundamentals, highest market share in their segment, and the dividend income they provide to investors regularly. These stocks are usually the biggest players in their respective segments and are well-known even by people who do not invest regularly. Blue chip stocks generally have strong management teams that focus on the expansion and growth of the company.
Best Blue Chip Stocks in India
Let us look at the list of some of the best blue chips stock list so we can pick and choose the right ones for us. We will make our decision based on financial ratios since we use Fundamental Analysis for long-term investment.
Net profit margin, earnings per share, price-to-earnings ratio, market capitalization, change in revenue and net profit, etc. are some of the fundamental analysis parameters we will take into consideration to select the best blue chip stocks for long-term investment.
Name of Stock | Ticker (on NSE) | Market Capitalization (Rs in Cr) | EPS (Rs) | PE Ratio |
Reliance Industries Ltd | RELIANCE | 1585322.52 | 12.38 | 38.22 |
Tata Consultancy Services Ltd | TCS | 1238899.91 | 29.13 | 31.68 |
Hindustan Unilever Ltd | HINDUNILVR | 579174.25 | 10.67 | 59.48 |
Infosys Ltd | INFY | 629802.42 | 14.77 | 27.79 |
HDFC Bank Ltd | HDFCBANK | 891258.73 | 21.99 | 21.16 |
Bharti Airtel Ltd | BHARTIARTL | 4181132.52 | -5.69 | -103.08 |
ITC Ltd | ETC | 470026.38 | 4.06 | 26.31 |
Asian Paints | ASIANPAINT | 272546.46 | 11.32 | 72.36 |
Nestle India Ltd | NESTLEIND | 181214.78 | 65.14 | 75.30 |
HCL Technologies Ltd | HCL TECH | 298828.80 | 11.80 | 25.72 |
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