The terminology of bluechip stocks comes from the game of poker, where blue color chips carry the highest value.
A bluechip stock is the stock of a company that is a dominant leader in its well-established business. Usually, these companies are run by proficient leaders and reward their shareholders with high dividends.
Some of the top blue-chip stocks of India are Infosys, TCS, HDFC and HDFC Bank, etc.
By virtue of their size, conspicuous media presence and relative transparency of financial transactions, bluechips can be considered safer than midcaps and smallcaps.
Bluechip companies are fundamentally strong with a large market capitalisations and enviable reputations.
From a consumer or investor perspective, you have always known of these companies. You know what their products are because of their long presence in the market.
Most importantly, these stalwarts come with a history of well-managed operations, are financially sound, deliver consistent growth of revenue and are resilient to adverse market conditions and economic downturns.
These trailblazer stocks are some of the most sought after in the country. Whether you are a novice or an experienced investor, you'd want to have some of these stocks in your portfolio.
Equitymaster has a powerful stock screener that lists out the top bluechips stocks in India.
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