The blue chip stocks meaning have emerged as the most preferred investment option by the big investors because of their highly-priced stock market. Blue chip stock companies provide high and attractive dividends to potential investors.
However, before you plan to invest, you must learn about Blue chip stocks. Let’s learn about them in detail about what are blue-chip stocks in India, their features, advantages, and the Top Blue chip stocks list.
What are Blue Chip Stocks?
Blue chip stocks are the shares of big and highly organized companies. These companies possess a great financial history record. Blue chip stocks can endure the hard market conditions. The cost of these stocks is high due to their good reputation in the market. The phrase “Blue Chip” was given by Oliver Gingold in 1923 when he noticed some stocks trading at $200 and more per share. Some of the Blue chip companies in India are SBI, ONGC, Infosys, etc.
List of Best Blue Chip Stocks to Buy in India
Here is the list of the 10 best blue-chip stocks to buy in India 2022.
|S.No.||Company Name||BSE Scrip Code||NSE Symbol||Rating||Industry|
|1||Reliance Industries Ltd.||5000325||RELIANCE||0.5||Crude Oil|
|2||Tata Consultancy Services Ltd||532540||TCS||4.5||Information Technology|
|3||Hindustan Unilever Ltd.||522696||HINDUNILVR||5||FMCG|
|4||Infosys Ltd.||500209||INFY||4.5||Information Technology|
|5||Housing Development Finance Corporation Ltd.||500010||HDFC||4.5||Finance-Housing|
|6||Bharti Airtel Ltd.||532454||BHARTIARTL||0.5||Telecom|
|8||Nestle India Ltd.||500790||NESTLEIND||5||FMCG|
|9||Asian Paints Ltd.||500820||ASIANPAINT||3||Chemical Paints|
|10||HCL Technologies Ltd.||532281||HCLTECH||4||Information Technology|
1. Reliance Industries Ltd.
This is one of the Best Blue Chip stocks companies in India engaged in Oil exploration, Petroleum refining, marketing and distribution services. This Offers the top blue-chip stocks to Investors with high dividend payouts because of its high capital generation capacity. The company has the aim of achieving carbon neutrality by 2035.
2. Tata Consultancy Services Ltd.
Tata consultancy services are the top blue chip stock company as it is the world’s largest IT service provider. It provides services like Information Technology, Consultancy, Business solution, and Digital transformation. This offers the best Blue chip stocks to investors as this company is the financially stable and highest-earning unit.
3. Hindustan Unilever Ltd.
Hindustan Unilever Limited (HUL) products include food, beverages, cleaning professionals, personal care goods, water purifiers, and other fast shopper things. HUL was founded in 1931 as Hindustan Vanaspati Manufacturing Co., and it was renamed Hindustan Lever Limited after a consolidation of component groupings in 1956. This is one of the top blue-chip stocks in India due to its high financial stability and higher dividend payouts.
4. Infosys Ltd.
Infosys Limited is an Indian multinational data innovation organization that provides business consulting, data innovation, and re-appropriation administrations. The organization was founded in Pune and is now based in Bangalore. Infosys is the second-largest Indian IT company after Tata Consultancy Services, and the 602nd largest public corporation on the earth, according to Forbes Global 2000 ranking that is why this is the best Blue chip stock in India.
5. Housing Development Finance Corporation Ltd.
The Housing Development Finance Corporation Limited (HDFC) is an Indian financial administrative agency based in Mumbai, India, and one of the best blue chip stocks also. It is a key provider of lodging financing in India. It also has a presence in banking, life and general insurance, resource the board, fundraising, real estate, training, shops, and education credits.
6. Bharti Airtel Ltd.
Bharti Airtel Limited, sometimes known as Airtel, is an Indian global broadcast communications administrative firm headquartered in New Delhi, India. It is available in 18 countries spanning South Asia and Africa, as well as the Channel Islands. Airtel had also deployed its VoLTE technology across all Indian telecom circles. It is India’s second-largest portable organization administrator and the world’s third-largest portable organization administrator. This makes it the best blue-chip stock in India.
ITC Limited has expanded its foothold in a variety of industries, including FMCG, hotels, programming as ITC Infotech, bundling, paperboards, specialty papers, and agro. The organization consists of 13 organizations divided into 5 segments which attract many investors listing it among the top blue chip stocks.
8. Nestle India Ltd.
Nestlé India Limited’s headquarters of the firm are in Gurgaon, Haryana. Food, drinks, chocolate, and sweet shops are among the products offered by the organization. Nestle Alimentana S.A. advanced the organization through a subsidiary, Nestle Holdings Ltd., on March 28, 1959. This firm offers the best blue chip stocks to investors.
9. Asian Paints Ltd.
Asian Paints Ltd is a Mumbai-based Indian global paint company. The organization is concerned with the manufacture, sale, and distribution of paints, coatings, goods associated with home stylistic layout, shower fittings, and the provision of related administrations. The earnings of this company is huge thus, it is the safest and the best Blue chip stock in India.
10. HCL Technologies Ltd.
HCL Technologies is an Indian worldwide data innovation (IT) benefits and consulting firm based in Noida, Uttar Pradesh. It is an HCL Enterprise auxiliary. It began as an inventive work division of HCL and originated as a free organization in 1991 when HCL entered the product administrations sector. HCL is the best Blue chip stock in India and a famous investment option.
Why Invest in Blue Chip Stocks?
Blue chip stocks are the safest investment option for the long term. If you are looking for a long-term and great investment, you must consider blue-chip stocks because these offer stable earnings, regular dividend payouts, a strong financial base, diversification, and a competitive edge. Blue-chip stocks are resilient to market risk and downside risk, including low volatility and the governance and regulation, remain stable.
Blue Chip Stocks – FAQ’s
Q1. What are Blue Chip Stocks meaning?
Ans. If you want to know what blue chip stocks mean, you will get an answer here. Blue chip stocks meaning the Stocks issued by the Blue chip companies.
Q2. What are the Best Blue Chip Stocks in India, list the top Blue Chip Stocks?
Ans. the Top blue chips stocks in India are listed above in content.
Q3. What are the top 3 blue chip stock companies under the best blue chip stocks list?
Ans. The top 3 blue chip stock companies listed under the blue chip stocks list are – Reliance Industries Ltd., Tata Consultancy Services Ltd, and Hindustan Unilever Ltd.
Q4. What should be the market value of the company to be listed under the blue chip stocks list?
Ans. As per the blue chip stocks meaning, If the market value of Blue chip stock companies is more than $5 million, it will be listed under the blue chip stocks list in India.