Investment is one of the best ways to build wealth over time and is an excellent source of passive income. Since equities are the most popular form of investment that gives excellent returns, people opt for investing in stocks. This leads investors to seek out the top blue chip stocks in India 2023 for finding good investing opportunities.
Investments made for the long term almost always lead to capital appreciation and give excellent returns. These investments can be made in equity or debt, depending on the risk appetite and on the desired rate of returns.
Blue chip stocks are chosen for their reliability, strong fundamentals, highest market share in their segment, and for the dividend income they provide to investors on a regular basis. These stocks are usually the biggest players in their respective segments and are well-known even by people that do not invest regularly. Blue chip stocks generally have strong management teams that focus on expansion and growth of the company.
Best Blue Chip Stocks in India
Let us look at the list of some of the best blue chips stock list so we can pick and choose the right ones for us. We will make our decision based on financial ratios since we use Fundamental Analysis for long term investment.
Reliance Industries Ltd
Tata Consultancy Services Ltd
Hindustan Unilever Ltd
Infosys Ltd
HDFC Bank Ltd
Bharti Airtel Ltd
ITC Ltd
Asian Paints Ltd
Nestle India Ltd
HCL Technologies Ltd
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