List of Top 10 Blue Chip Stocks in India with Price
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List of Top 10 Blue Chip Stocks in India with Price

Blue chip stocks are shares of large, well-established, and financially stable companies with a history of reliable performance. These companies are market leaders in their respective sectors, have solid fundamentals, and generate consistent profits. For investors seeking long-term stability and consistent returns, investing in blue chip stocks is often considered a safe bet. 

In this blog, we will discuss the Top 10 Blue Chip Stocks in India, their overview and key financials. Moreover, we will mention the benefits and risks associated with these stocks and the possible future outlook.

What are the Top 10 Blue Chip Stocks in India?

The Top 10 Blue Chip Stocks in India are the most trustworthy and financially robust companies operating in different sectors. These companies have been able to create strong brands, achieve continuous growth, and maintain competitiveness over a period of years. The top 10 blue chips stocks in India are mentioned below:

  1. HDFC Bank Ltd.
  2. ICICI Bank Ltd.
  3. Reliance Industries Ltd.
  4. Infosys Ltd.
  5. ITC Ltd.
  6. Larsen & Toubro Ltd.
  7. Tata Consultancy Services Ltd.
  8. Bharti Airtel Ltd.
  9. Axis Bank Ltd.
  10. State Bank of India (SBI)

These companies are virtually the backbone of the Indian economy and should be considered for investments to build a diversified portfolio. These stocks are favored by both individual investors and institutional investors due to their stable returns and strong brand image.

Market Information of 10 Blue Chip Stocks

Here are some of the current market details for the Top 10 Blue Chip Stocks in India:

CompanyCurrent Price (₹)Market Capitalization (₹ Cr.)52 Week High (₹)52 Week Low (₹)
Reliance Industries 1,26817,16,2431,6091,217
TCS4,46616,16,0014,592 3,592
HDFC Bank1,86314,24,1631,8801,363
Bharti Airtel1,5989,55,9911,779 960
ICICI Bank1,3379,43,5791,362970
Infosys1,9908,26,1521,9981,358
State Bank of India8547,62,163912 601
ITC4655,81,815529399
Larsen & Toubro3,8685,31,9143,9643,175
Axis Bank1,1513,56,2841,340996
(Data as of 12 December 2024)

Top 10 Blue Chip Stocks in India – An Overview

An overview of the top 10 Blue Chip stocks in India is given below:

1. Reliance Industries Ltd.

Reliance Industries Limited is India’s biggest private conglomerate, and it operates in the energy, petrochemicals, textiles, retail, telecommunications, and digital services sectors. Founded in 1973 by Dhirubhai Ambani, the Reliance company has emerged as a world leader in each of its businesses. Reliance Industries is one of the most well-known companies that is popular for innovative strategies, strong financial performance, and positive contributions to the growth of the Indian economy. It has led the revolution in the telecom industry since the launch of Reliance Jio in 2016.

Key Features:

  • Extensive Store Network: More than 18,836 Reliance Retail outlets in India.
  • Massive customer base: Reliance Retail serves more than 300 million customers.
  • Petrochemical business: It has 14 refining facilities with a crude refining capacity of 1.4 million barrels daily. 
  • Diverse Portfolio: Groceries, fashion, electronics, among others.
  • Technological Integration: Focus on digital platforms such as Jio Cinema.
  • Initiatives on Sustainability: Promoting the adoption of eco-friendly practices in operations to achieve Net-Zero Carbon status in 2035.
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2. Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is a leading provider of IT services, consulting and business solutions that has driven digital transformations for over 56 years. TCS is part of the Tata Group, employs more than 601,000 consultants across 55 countries, and achieved revenue of US $29 billion for fiscal year 2024. The company delivers its services through the Location Independent Agile model. It has received accolades in sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index.

Key Features:

  • Global Footprint: More than 601,000 consultants in 55 countries.
  • Revenue: US $29 billion in FY 2024.
  • Sustainability: Ranked on prominent global sustainability indices.
  • Innovation: Leader in digital transformation with a focus on developing new technologies.
  • Community Engagement: Very active in corporate social responsibility initiatives with a focus on education and employment.

3. HDFC Bank Ltd.

HDFC Bank Ltd. is one of the biggest private-sector banks in India. The bank was founded in August 1994 and has its head office in Mumbai. Initially, it was a Scheduled Commercial Bank (SCB) and came into existence in 1995. Due to fantastic growth and acquisition, the company merged with HDFC Limited in the year 2022 to consolidate its grip over the financial service portfolios. The bank provides services such as housing loans and other banking services through its huge network spread over urban as well as rural areas.

Key Features:

  • Highly widespread network- 9,092 branches and 20,993 ATMs in 4,088 cities as of September 2024
  • Presence in the rural and semi-urban areas: 51% of the branches are there in rural and semi-urban areas.
  • Overseas presence- It has branches in Hong Kong, Bahrain, and Dubai and representative offices in Kenya, Abu Dhabi, Dubai, London, and Singapore.
  • Post-Merger Services: The merger with HDFC Limited has increased the housing loan offerings.
  • Market Leadership: Leader in housing finance with over 45 years of experience.

4. Bharti Airtel Ltd.

Bharti Airtel Limited is one of the largest global telecommunications companies based in New Delhi, serving over 490 million customers across 17 countries in Asia, Africa, and Europe. Airtel is one of the top 3 mobile service providers in the world, providing a wide array of services, including mobile, fixed-line, digital TV, and enterprise ICT solutions. With a robust network infrastructure spanning over 3,65,000 RKMs (route kilometres) across 50 countries, Airtel focuses on enhanced digital experiences and superior quality of service.

Key Features:

  • Global Presence: Present across 17 countries in Asia, Africa, and Europe.
  • Top 3 Mobile Provider: One of the prominent mobile service providers in the world.
  • Extensive Product Range: Mobile services (2G, 3G, 4G, 5G-ready), home broadband, digital TV, and enterprise ICT services are part of its product portfolio.
  • Network Infrastructure: 365,000+ RKMs across 50 countries and 5 continents, enabling better end-user experience.
  • Customer Base: More than 490 million subscribers worldwide.

5. ICICI Bank Ltd.

ICICI Bank Ltd. is one of the major private-sector banks in India. It was established in 1955 as a development finance institution known as ICICI. At the beginning of the 1990s, it evolved into a diversified financial services company that offered banking, investment, and financial products. Two of its businesses, wholesale and retail, were integrated through a merger with ICICI Bank in 2002, which enhanced its universal banking capabilities.

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Key Features:

  • Founded: Industrial Credit and Investment Corporation of India (ICICI) in 1955. ICICI Bank was incorporated in 1994 to transition into a full-service commercial bank.
  • Merger: The financial and banking operations of the group were consolidated with ICICI Bank in 2002.
  • Milestone: The first Indian bank to be listed on NYSE in 1999.
  • Universal Banking: Project finance, retail banking, corporate banking, and fee-based services offered to customers.

6. Infosys Ltd.

Infosys Ltd. is the world’s second-largest digital services and consulting company that has helped more than 1,870 clients in 56 countries navigate their digital transformation. Founded in 1981 and headquartered in Bangalore, Infosys is one of the most renowned AI-driven solution providers, innovation ecosystem, sustainability, governance, and talent empowerment. With over 40 years of experience, Infosys generated $18.8 billion in revenue (LTM) and employs more than 317,000.

Key Features:

  • Global Footprint: Operations in 56 countries for over 1,870+ clients.
  • Digital Excellence: AI-powered digital core and agile operating models.
  • For the Environment, Society, and Governance: Thematic ESG focus and inclusive programs.
  • Investments: Strategic investments, partnerships, and Infosys Innovation Fund.
  • Awards: Top 3 IT services brands worldwide as of 2024 based on ethical practices.

7. State Bank of India (SBI)

State Bank of India is the largest banking and financial services organization in India, with over 50 crore customers; it has over 22,500 branches, 63,580 ATMs/ADWMs, and 82,900 Business Correspondent (BC) outlets. It operates in 29 countries across the globe in 241 offices, offering innovative, customer-focused banking solutions backed by its core values of service, transparency, ethics, politeness, and sustainability.

Key Features:

  • Holds the position of largest public sector bank in India with assets over ₹61 trillion.
  • Extensive Network: Over 22,500 branches and 63,580 ATMs/ADWMs.
  • Global Presence: 241 offices in 29 foreign countries.
  • Diversified Subsidiaries: SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card.
  • Core Values of Service, Transparency, Ethics, Politeness, and Sustainability.
  • Customer-centric approach with a focus on innovation as well as responsible banking solutions.

8. ITC Ltd.

Founded in 1910 and based in Kolkata, India. The company has diversified business operations spread across FMCG, hotels, paperboards, packaging, agri-business, and information technology. ITC is a sustainability-driven organization that focuses on environmentally friendly initiatives. The company’s products are popular among the general public in India due to popular brands such as Aashirvaad, Sunfeast, and Classmate. The company has been committed to innovation and consumer satisfaction for decades.

Key Features:

  • Diversified Portfolio: The company operates in FMCG, hospitality, agri-business, and IT sectors.
  • Leadership in Sustainability: It has reached carbon-positive, water-positive, and solid waste recycling-positive for more than 17 years.
  • Brands: Aashirvaad, Sunfeast, Bingo!, and Classmate.
  • Global Reach: The company has an extensive market share and exports to over 90 countries.
  • R&D and Innovation: The company focuses on developing consumer-centric products.
  • Financial Strength: It has a consistent growth in revenue and profitability.

9. Larsen & Toubro Ltd.

Larsen & Toubro is an Indian multinational company focused on EPC projects, high-tech manufacturing, and services. It is based in Mumbai, has operations in more than 50 countries, and boasts a history of more than 80 years with strong engineering excellence and leadership in core businesses. Its integrated capabilities allow it to execute the ‘design to delivery’ model and are focused on customer satisfaction and world-class quality.

Key Features:

  • Global Operations: More than 50 countries.
  • Core Sectors: Engineering, Construction, and Manufacturing.
  • Integrated Capabilities: ‘Design to delivery’ approach.
  • Sustainability Focus: Embedded into a long-term strategy.
  • Professionalism & Governance: High standards across all operations.
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10. Axis Bank Ltd.

Axis Bank is the third largest private sector bank in India, providing banking services to large and mid-size corporates, MSME, agriculture, and retail business segments. Incorporated in 1994, the bank has expanded its operations over the years through innovative banking solutions and increased its presence across the country, with more than 5,377 branches. It is a leader in embracing newer technologies like AI-based tools and Central Bank Digital Currency (CBDC) apps to ensure effortless customer experiences.

Key Features:

  • Third-largest private sector bank in India.
  • Digital banking innovations with over 250 features on “Open by Axis Bank.”
  • The first bank that enabled interoperability of UPI in the CBDC App
  • AI-powered bot personalizes every customer service interaction. More than 5,377 domestic branches and 16,026 ATMs across India.
  • Launched NEO for Business, a digital platform catering to MSMEs and bulk payments. The platform was developed in partnership with the RBI Innovation Hub.

Key Performance Indicators 

CompanyBasic EPS (₹)Net Profit Margin (%)ROE (%)ROCE (%)
Reliance Industries102.98.728.779.38
TCS125.8819.1350.7363.51
HDFC Bank90.4223.0714.032.63
Bharti Airtel13.093.897.3913.13
ICICI Bank63.1928.2117.492.91
Infosys63.3917.0829.7736.81
State Bank of India75.1715.5117.311.63
ITC16.4229.2327.4534.76
Larsen & Toubro93.967.0415.1214.70
Axis Bank85.6223.4316.802.70
(All of the above data is from the year ended March 2024)

Benefits of Investing in Top 10 Blue Chip Stocks

The benefits of investing in the top 10 blue chip companies are:

  • Dividend Income: Many of these companies give consistent dividends, which is beneficial for investors looking for dividend income.
  • Less risky: Due to solid financials and a history of strong financial performance, these stocks can be a good addition to your portfolio and reduce overall portfolio risk while offering stable returns.
  • Long-term growth: As blue chip stocks grow steadily and consistently over time, they should be considered for long-term investments.

Risk Involved in Investing in the Best 10 Blue Chip Stocks

Despite many advantages, there are a few risks associated with blue chip stocks, as mentioned below:

  • Overvaluation Risk: These stocks are popular among investors, which can result in overvaluation during bull markets.
  • Vulnerability to Macro-Situations: Despite being less volatile compared to mid or small-cap stocks, these companies’ financial performance can be severely affected by macroeconomic factors and market cycles due to international operations.
  • Lack of Growth Potential: Due to their mature business stage, these firms may have limited growth potential compared to mid-size or small-size firms.

Future of Top 10 Blue Chip Stocks in India

The future of these stocks is bright because of the reasons mentioned below:

  • Entering new sectors: Reliance Industries has launched Jio platforms, while TCS is focusing on AI.
  • Economic reforms: Favorable government policies can positively impact sectors like banking and telecom, which will further help companies like Axis Bank, ICICI Bank and Bharti Airtel.
  • Digital Transformations: Further digitalization will enhance the operating performance of these companies.

Conclusion

Investors can consider investments in blue chip stocks to build a balanced portfolio offering growth as well as stability. Such companies have proven track records, sound financials, and market leadership, which makes them an investment that is safer than any other stock. If you have a long-term investment perspective with a focus on steady returns, blue chip stocks can be the building blocks for your portfolio. However, you must consult a financial advisor before investing.

Frequently Asked Questions (FAQs)

  1. What is a blue chip stock?

    A blue-chip stock is a share of a company with strong financials, outstanding credibility, and consistent financial performance over the years.

  2. Is Nifty 50 also a blue-chip index?

    The Nifty 50 is an index comprising India’s top 50 large-cap stocks. The majority of the companies in this list are blue chip stocks.

  3. Is Tata Motors a blue-chip stock?

    Tata Motors is a blue chip stock due to the support of the Tata Group, a well-known business conglomerate and has delivered stable returns to investors over many years.

  4. What does blue chip mean in the stock market?

    The term blue chip refers to the stocks of companies that are reliable, financially strong, and have a track record of performance and stability.

  5. Is Tata Steel a blue chip stock? 

    Tata Steel can be classified as a blue chip stock since it is a market leader in the steel industry with the strong support of the Tata Group.

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