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Best Blue Chip stocks in India are the stocks of those companies which have been in the business for years, are well-reputed, are fundamentally strong companies, and have been showing consistent performance for years now. The term blue-chip was coined by an employee of Dow Jones named Oliver Gingold, who named the stocks trading over $200 as blue-chip stocks. He took reference to blue chips from Poker as they were the most precious chips in the game.
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Best Blue-Chip Stocks In India Blue chip stocks are the shares of highly large and well-known corporations having a long track record of profitable financial performance. These stocks are noted for their ability to withstand difficult market situations while providing strong returns in favourable market conditions. Blue chip stocks are typically expensive since they have a stellar reputation and are frequently market leaders in their respective industries.
Best Blue Chip Stocks in India in 2023 The following are some of the Best Blue-Chip Stocks In India, which are stocks of companies that are market leaders in their respective industries and have a dominant market share due to their prior performance and solid financials- 1). Reliance Industries Ltd
Tata Consultancy Services is a multinational Indian information technology services and consulting firm headquartered in Mumbai. It is part of the Tata Group and has 150 locations in 46 countries. TCS was estimated to have over 600,000 employees worldwide in July 2022. Hindustan Unilever Limited is a British-owned Indian consumer goods company headquartered in Mumbai. It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods
Infosys Ltd is a global Indian information technology corporation that specializes in business consulting, information technology, and outsourcing. The company was established in Pune and has its headquarters in Bangalore. HDFC Bank Ltd is a Mumbai-based Indian banking and financial services corporation. As of April 2021, it is India's largest private sector bank by assets and the world's tenth largest bank by market capitalization.
Asian Paints Ltd is a global Indian paint manufacturer headquartered in Mumbai, Maharashtra. The company is in the business of manufacturing, selling, and distributing paints, coatings, home décor items, bath fittings, and offering related services. Maruti Suzuki India Ltd, formerly known as Maruti Udyog Limited, is a New Delhi-based Indian vehicle manufacturer. It was formed in 1981 and was controlled by the Government of India until 2003, when it was sold to Suzuki Motor Corporation of Japan.