Indian stock market is one of the fastest growing stock market in this world. This market has made many many people millionaire, it has produced gems like Rakesh Jhunjhunwala, Radhakishan damani etc.
If you are new to this market or want to take safe investment decisions, these 5 blue chip stocks can be the best choice for you to start your investment journey. The main advantage of investing in big blue chip companies is that your chances of losing your money remains very low and you and witness the growth in your portfolio as these companies grow with time.
1. ITC (India Tobacco Company Limited)
The Company was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company’s ownership progressively Indianised, the name of the Company was changed to India Tobacco Company Limited in 1970 and then to I.T.C.
The company portfolio consist of Tobacco and non tobacco products (mainly FMCG). It is a humongous company with wide variety of products that you must have also used in your day to day life.
Some crucial information that will give a good idea about this company is
1. Market cap (as of may 2023) – 532851 Cr.
2. Price to earning ratio (p/e)- 29
3. Debt- 0 rupees
4. Average profit last 3 years (approx)- 14000 Cr
5. Top selling products- Bingo, sunfeast, cigarettes( wills, capstan etc), Fiama soaps and beauty products etc.
6. Major competitors- HUL, Dabur, Godrej etc.
7. Current share price(as of may 2023)- 430 rupees
2. HUL (Hindustan Unilever Limited)
Another FMCG company in this list which has made huge fortune for its shareholders. Unilever is a Britain based company which was started in 2 september 1929. In 1931, Unilever set up its first Indian subsidiary, Hindustan Vanaspati Manufacturing Company, followed by Lever Brothers India Limited (1933) and United Traders Limited (1935). It has a very wide range of products and this company has presence across 190 countries. This company has generated a revenue of approx 60 billion euros in 2023 which is highest among its competitors.
Some crucial information that will give a good idea about this company is
1. Market cap (as of may 2023) – 587584 Cr.
2. Price to earning ratio (p/e)- 58
3. Debt- 0
4. Average profit last 3 years (approx)- 9000 Cr.
5. Top selling products- Dove, kissan ketchup,
6. Major competitors- ITC, Dabur, Godrej etc.
7. Current share price(as of may 2023)- 2500 rupees
3. Reliance Industries Limited (RIL)
I mean there will be no Indian who does not know about Mr. Mukesh Ambani (Chairman and owner of RIL). He is also the richest man of Asia and his companies consist of a mix of Petroleum, Agri business, Textile industries, FMCG, Mobile network company JIO and many more. To give you an idea how this company is doing progress i would like to give you an idea about its pre covid and after covid share price. Before Corona RIL stock was at around 700 rupees and after corona when economy started coming back to track its share price reached at around 2400 rupees.
Some crucial information that will give a good idea about this company is
1. Market cap (as of may 2023) – 1652052 Cr.
2. Price to earning ratio (p/e)- 24.77
3. Debt- 135561 Cr
4. Average profit last 3 years (approx)- 65000 Cr
5. Top selling products- Petroleum products, jio etc
6. Major competitors- BPCL, IOCL, Airtel, Dmart etc
7. Current share price(as of may 2023)- 2441 rupees
4. HDFC bank
HDFC is the most successful bank in the history of India. It has delivered multi-fold returns to its investors.HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995. Aditya Puri ( Former Ceo of HDFC bank) played a cruical rule in making this bank a world class. Today it has presence all across India and has more than 4.90 crores customers.
Some crucial information that will give a good idea about this bank is
1. Market cap (as of may 2023) – 907672 Cr.
2. Price to earning ratio (p/e)- 19.73
3. Debt- Not applicable in Banking sector case
4. Average profit last 3 years (approx)- 40000 Cr.
5. Top selling products- Home loan
6. Major competitors- Axis bank, Indusind bank, State bank of India etc.
7. Current share price(as of may 2023)- 1625 rupees
8.Non performing assets (NPA) – 0.27
5. TATA CONSULTANCY SERVICES LTD (TCS)
TCS is the biggest IT company of India and second largest IT company in the world. Tata Consultancy Services Limited, initially started as Tata Computer Systems, was founded in 1968 by a division of Tata Sons Limited. TCS is a dream company to work for every computer science engineer in India. It has a very large client and customer network in Europe and America. It is also the largest employer in Europe.
Some crucial information that will give a good idea about this company is
1. Market cap (as of may 2023) – 1182129 Cr.
2. Price to earning ratio (p/e)- 28
3. Debt- 0
4. Average profit last 3 years (approx)- 40000 Cr.
5. Top selling products- IT services and solutions
6. Major competitors- Infosys, wipro, mindtree etc.
7. Current share price(as of may 2023)- 3230 rupees
That is all for today if you any suggestion or do you think there are many other companies which are doing well so please mention it in comments below.
Warning – All the companies mentioned above are based on the research of author of this article, before doing any investment in stock market you are advised to take advise of your financial advisor.
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