Investing can be called an art of playing with money. There are plenty of options to trade money and Blue Chips Stocks are one of them. In order to know all the things related to blue chips stocks in India, we first need to know the definition of Blue Chip Stocks.
1. What is Blue Chip Stocks
Blue chip stocks are usually shares of many renowned and well-recognized companies with a long history of consistent performance. These companies, which offer blue chip stocks, are usually financially strong. Therefore, they are mostly debt-free or in very low debt. They are even capable enough to survive in the tough market situations. The cost of the blue chips are generally high because of its good reputations and it often gives high returns to the investor.
Most of the best blue chip stocks of 2019 have three great factors- growth, potential, dividends and relative stability. These factors are needed to provide some much-needed growth potential.
We finally have come to know the definition of blue chip stocks. Now let us discuss 6 blue chip stocks companies for 2019.
State Bank of India
States Bank of India (SBI) is one of the major banks in India. It operates outside the country as well. This organization offers banking and related financial services to its consumers. According to SNL, State bank of India is the 73rd biggest bank in the world and its market cap is worth of Rs. 204,098.46 crore according to 2015 research data. Therefore, it will be great to invest in this company’s blue chip stocks.
Tata Consultancy Services (TCS)
TCS is an Indian firm which provides Consultancy Services, multinational information technology services, consulting and business solutions. It was first introduced as a division of Tata Sons Limited in 1968. There are more than 394,998 employees are working in the company as of March 31, 2018. It is also one of the largest Indian companies by market capitalization worth Rs. 722,700 corers as of June 2018. IT has also become among the most valuable brands when it comes about It services. The firm is growing rapidly and this is why we have added this company on our list.
when it comes about Reliance Industries, the word “Reliance” is enough to describe the company. The company does businesses in various sectors such as energy, petrochemicals, textiles, retails and telecommunications. In December 2015, the company launched Reliance Jio Infocomm Limited. The company was a huge hit as it provides cheap data packs to consumers. As of April 18, 2019, the company has a subscriber base of 297. As a result, it has become one of the major telecommunication companies in India.
Reliance Industries is one of the most profitable companies in India. It was the first company to reach $100 billion market capitalization in India. and it is also the second largest traded company in India by market capitalizations. And this is why it is wise to invest in blue chip stocks of this company.
Indian Tobacco Company ( ITC )
Indian Corporation Company aka ITC is one of the biggest corporate companies in India. In the past, the company’s name was Imperial Tobacco Company of India Limited. It has many different kinds of businesses such as Fast-Moving Consumer Goods (FMCG), Hotels, Paperboards & Packaging, Agri-Business & Information Technology. The company currently has more than 25 thousand employees. ITC usually produce more than 80% of cigarettes in India and the major cigarette brands under ITC are Wills Navy Cut, Gold Flake Kings, Gold Flake Premium lights, Gold Flake Super Star, Insignia, India Kings etc.
Cigarettes are not the only business they do, few other popular businesses of the firm are Aashirvaad, Mint-o, gum-o, B natural, Sunfeast, Candyman, Bingo!, Yippee!, Wills Lifestyle, John Players, Fiama Di Wills, Vivel, Essenza Di Wills, Superia, Engage, Classmate, PaperKraft etc. As a result, it can be called one of the best blue chip stocks in India.
HDFC Bank is a renowned name in the banking sector of India. It is a leading banking and financial company. It has more than 84 thousand employees as of March, 20017. And the bank is also the largest private sector lender by assets in India. The company offers a number of services and products which are retail banking, wholesale banking, car loans, two wheeler loans, personal loans and credit cards etc. BY market capitalizations, the firm is the largest bank in India and this company also ranks 69th in 2016 BrandZ Top 100 Most Valuable Global Brands. The company’s total revenue as of 2018 is 95,461 cr. and thus it can be the best blue chip stocks company in India.
Infosys is an Indian company which offers business consulting, information technology and outsourcing services to its clients. This Indian firm usually provides services to more than 50 countries across the globe. Infosys is the second largest IT company in India as of 2019 and its headquarter is situated in Bengaluru, Karnataka. The market capitalization of this firm is more than 37.23 billion dollars as of April 2018. The firm’s main businesses are software development, maintenance, and independent validation services to companies in finance, insurance and manufacturing etc. As of 2019, the total employees of Infosys are 2,28,123. Now, if you are planning to buy blue chip stocks in India, you can have a look at this company.
To sum it up, investing on chip stocks are really a good investment as it gives a lot of returns if you play with you money wisely. But, if you are planning to invest in Penny Stocks, just click on the word to learn more about it.