List of Bluechip Stocks in India in August 2024- Based on Market Capitalisation

When looking for stable and reliable investments in the Indian stock market, blue-chip stocks stand out as a top choice. Blue-chip companies are well-established, with strong financial health, consistent growth, and significant market influence. This article covers the list of blue-chip stocks in India, ranked by market capitalisation.

List of Bluechip Stocks in India- August 2024 (Based on Market Capitalisation)

Note: The list of the top blue chip stocks provided here is as of August 20, 2024. The stocks are picked from the Nifty 50 universe and sorted as per their market capitilisation.

Overview Of List of 5 Blue Chip Stocks In India

1. Tata Consultancy Services Ltd

Tata Consultancy Services (TCS) is a leading Tata Group company specialising in IT services, consulting, and business solutions. For over 50 years, TCS has helped many of the world’s biggest companies with their transformations. They provide various services that combine consulting, advanced technology, and engineering solutions.

For the June 2024 quarter, revenue increased to ₹52,844.00 crore from ₹51,488.00 crore in the March 2024 quarter, and net profit rose to ₹12,115.00 crore from ₹11,393.00 crore in the previous quarter.

Key Metrics: 

• EPS: 124.90
• P/E: 35.94
• ROE: 62.66

2. HDFC Bank Ltd

HDFC Bank Limited, often called HDFC, is a major Indian bank and financial services provider based in Mumbai. It ranks as the tenth-largest bank in the world by market value as of May 2024. By April 2024, HDFC Bank’s market value reached $145 billion, making it the third-largest company on Indian stock exchanges.

For the June 2024 quarter, revenue increased to ₹73,033.14 crore from ₹71,472.75 crore in the March 2024 quarter, and net profit decreased to ₹16,174.75 crore from ₹16,511.85 crore in the previous quarter.

Key Metrics: 

• EPS: 85.48
• P/E: 19.09
• ROE: 14.86

3. Bharti Airtel Ltd

Bharti Airtel Ltd is a major telecommunications provider with operations in 18 countries. It is India’s largest integrated communications provider and the second-largest mobile operator in Africa. It holds about 35% of the market share in revenue.

For the June 2024 quarter, revenue increased to ₹24,917.10 crore from ₹24,345.40 crore in the March 2024 quarter, and net profit rose to ₹2,469.20 crore from ₹1,823.90 crore in the previous quarter.

Key Metrics: 

• EPS: 9.86
• P/E: 148.97
• ROE: 5.95

1. Infosys Ltd

Infosys Ltd offers consulting, technology, outsourcing, and digital services to assist clients with their digital transformation strategies. It is the second-largest IT company in India after TCS. In terms of geography, 62% of the revenue comes from North America, 25% from Europe, 10% from the Rest of the World (ROW), and 3% from India.

For the June 2024 quarter, revenue increased to ₹33,283.00 crore from ₹32,001.00 crore in the March 2024 quarter, while net profit decreased to ₹5,768.00 crore from ₹8,480.00 crore in the previous quarter.

Key Metrics: 

• EPS: 65.14
• P/E: 28.62
• ROE: 33.32

Conclusion

Investing in a list of blue-chip stocks in India can be a strategic approach for those looking to build a diversified portfolio. The companies listed above represent some of the most stable and high-performing entities in the Indian market, backed by strong financials, market leadership, and consistent growth. However, it’s important to check your investment choices align with your financial goals and risk tolerance.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.