When you are new to stock markets then it’s advisable to start your online investing journey through blue-chip stocks. These stocks are safer and more secure as compared to stocks of other companies. In this article, we will try to understand what are blue-chip stocks and which are the 5 best blue-chip stocks to invest in 2023.
What are Blue-Chip Stocks?
Blue chip stocks are the stocks of those companies which are fundamentally very strong and have huge market capitalization. These companies have been in the market for a long time and are very less prone to market fluctuations. They are into the business of products and services which are widely accepted by the people of the country.
5 Top Blue-Chip Stocks to Invest in 2023
Some of the top blue-chip stocks you can think about investing in 2023 are as follows:-
1. Reliance Industries
Reliance Industries is involved in multiple businesses like oil, petrochemicals, energy, telecom, retail, textiles etc. The company is regarded as a blue chip as it has been financially stable and has shown consistent growth for a long time.
Reliance share price is around ₹2,267 on NSE as of Mar 2023. The market cap of the company is around ₹1,540,163 crores as of Mar 2023.
2. Tata Consultancy Services (TCS)
TCS is an IT services and consulting firm which has its headquarters in Mumbai. It was established in 1968 and is one of the largest IT companies in the world. At present they operate in 46 countries and have more than 600,000 employees.
TCS is considered to be a very well-established company having strong brand value. TCS share price is around ₹3,248 on NSE as of Mar 2023. The market cap of the company is around ₹1,177,062 crores as of Mar 2023.
3. Hindustan Unilever Ltd (HUL)
HUL is one of the leading FMCG companies in India with around 90 years of presence in India. It has more than 50 FMCG brands in India in various categories like home hygiene, tea and coffee, deodorants, skincare, colour cosmetics, food etc.
Some of the popular brands of HUL in India are Lifebuoy, Rin, Vaseline, Horlicks, Red Label, Domex, Clinic Plus, Knorr etc. HUL share price is around ₹2,463 on NSE as of Mar 2023. It is also one of the companies in the NIFTY 50 Index of NSE.
Infosys is mainly involved in the business of software development, business consulting, managing systems and outsourcing services. It has been in the business for more than 40 years and is serving clients in more than 50 countries. Infosys share price is around ₹1,471 on NSE as of Mar 2023.
5. HDFC Bank
HDFC Bank is one of the topmost private sector banks in India. Post privatisation it was one of the first banks to get approval from RBI to set up a private bank in 1994. As of now, the bank is spread throughout the country with 6499 branches and 18868 ATMs in 3226 cities and towns.
The bank is involved in wholesale banking, retail banking, treasury services, agri-banking etc. HDFC share price is around ₹1,563 on NSE as of Mar 2023.
When it comes to online investing, blue-chip companies are very reliable. If you are planning to invest in blue-chip stocks then this article can be very helpful to you. It lists the top 5 blue-chip stocks you can invest in 2023.