Best Blue Chip Stocks to Buy in 2023 The Motley Fool

In addition, many asset managers also run mutual funds or index funds that specifically target blue chip securities, making it easy to invest in a basket of such companies. Younger investors can generally tolerate the risk of having a larger percentage of their portfolios in growth stocks because they have years to invest and recover from market mishaps. Older investors may choose to focus more on capital preservation by putting a larger percentage of their investments in bonds and cash. An investor can track the performance of blue chip stocks through a blue chip index, which can also be seen as an indicator of industry or economic performance. Today, blue chip stocks aren’t necessarily stocks with a high price tag.

HCL Technologies Ltd also features on the Forbes 2000 list of companies. Its stocks are among the 20 largest traded at NSE and BSE and have significant market capitalisation. Among all Indian companies, TCS has the highest market capitalization.

Largest Blue Chip Companies Listed in Indian Stock Market

Investors with a high risk tolerance may choose to invest in small-cap or mid cap companies. The stocks of these companies provide the opportunity for outsized future growth. However, these securities also add the possibility for an outsized risk to the downside. And this combination provides a smoothing effect for portfolios. These stocks may not outperform pure growth stocks during robust bull markets, but they are also likely to be among your “less bad” performers during market corrections.

In exchange for these funds, the issuer pays fixed intere… Although blue-chip stocks are more resilient, this does not exclude some companies from exiting the Dow Jones Industrial Average or from new companies entering the list. The content of Bluechiplist.com is for informational and educational purposes only and should not be considered as professional financial advice.

A blue chip company (blue-chip stock) is a large company that is well-established and financially sound, having operated for several years and with dependable earnings. Whether a stock is considered a blue chip may vary from investor to investor, as it depends on their own individual assessment. That being said, review broker binary.com there are a couple of criteria that experts agree on. Many successful long-term investors like Warren Buffett have advocated for investing in companies you believe will be around for a generation or two. The kind of stocks that tend to fit that description are the blue chips that continue to show steady returns.

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They can help you earn good returns over some period of time while withstanding any bearish phases when demand for stocks is low for any reason. It is worth remembering that rankings of blue chip companies in India change frequently. The company caters to IT and software needs of some of the largest corporations in the world. Its client list includes 650 of the Global 2000 companies and 250 from the Fortune 500 Global list.

• If you’re looking for a higher upside potential without dividends, then growth stocks are the ones to consider.
• Some traders consider UK blue chip stocks to also be European blue chip stocks.
• Qualcomm is projected to earn $10.23 in fiscal year 2023, which would be an 18% decline from the prior fiscal year, but the company’s second best performance in its history.
• APL ranks among the top 10 companies in India for consolidated revenues, of which some 75% are from exports and foreign operations.

Zee owns several channels for the Indian audience and has over a dozen channels specifically for foreign viewers. Post-November 9, 2016 demonetization of the Rs.500 and Rs.1,000 Indian currency notes, Yes Bank was among the first to offer a mobile-based app. It is also the parent company of Enfield Motorcycles, after having bought over the two-wheeler manufacturer from its British owners. Though the Y2K bug never struck, its fears caused Tech Mahindra’s fame to spread worldwide as a major Indian IT company. Hero MotoCorp Ltd has a significant export market for its range of two-wheelers. The company exports to South America, Eastern Europe, parts of Africa and the Far East.

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In fact, HDFC had very humble beginnings in 1977, when it was founded as a small company to provide housing loans. Housing Development & Finance Corporation is better known in India and abroad as HDFC. It rightly deserves the accolade of being the pioneer of India’s housing finance industry. A penny stock typically refers to a small company’s stock that trades for less than $5 per share and trades via over-the-counter transactions. Blue chip companies operate profitably despite adverse economic conditions, which helps to contribute to their long records of stable and reliable growth. Gordon Scott has been an active investor and technical analyst or 20+ years.

It launched Minoxidil as a generic drug and hence sold at rates much lower than those of branded products. The company is respected in the medical and pharmaceutical sectors across the world. In India, Bosch Ltd is also into consumer electronics and home appliances as well as security systems and industrial technology.

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The bank’s capital position remains solid with its Common Equity Tier 1 ratio at 11.5%. You can find blue-chip dividend stocks using the lists and spreadsheet below. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Top European Blue Chip Stocks – What blue chip stocks should I buy?

Blue chip stocks are represented in leading market indexes, like the S&P 500 and the Dow Jones Industrial Average . NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.

Blue chip companies have solid business models and impressive track records of returns for investors. These returns often include regular and growing dividend payments, making blue chip stocks among the most popular for conservative investors. But even more risk-tolerant investors should consider buying blue chip stocks to better diversify their portfolios and provide some stability during turbulent stock market conditions.

Downsides to Blue Chip Stocks

Private sector lender, Axis Bank figures on the list of India’s blue chip companies. Axis Bank had over 3,700 branches across India by mid-2018, and the network continues to expand. All blue chip companies have shares that trade on Bombay Stock Market and National Stock Market. The term ‘Blue Chip’ company forex take profit strategies was coined in 1923 by Oliver Gingold, an employee at Dow-Jones. Gingold found stocks of certain companies traded at US$200 or more when this amount was considered too large. These blue-chip companies can rightly be called the backbone of India’s industry and to some extent, the national economy.

This can help you narrow down other blue chip funds and stocks that may be worthy of your investment dollars. Because blue chip stocks aren’t as volatile as other securities, they don’t require as much oversight, management or worry. If you’re a passive investor who just wants to set it and forget it, blue chip stocks can be invaluable. If you invest in a blue chip stock, chances are you’re putting your money into a company you would instantly recognize. That doesn’t always speak to something being a good investment, but it does illustrate the sheer space these companies occupy in the market and popular culture. Index funds and ETFs track an index, which is a specific segment of the stock market.

Lupin Ltd is the single largest producer in the world of anti-tuberculosis medicines and the eighth largest generic pharmaceuticals company in India by revenue. Axis Bank has diversified into assets management and now offers Mutual Funds through its Non-Banking Financial Company, Axis Asset Management Ltd. The company now competes with all important Indian FMCG companies and has carved a strong niche in the market.

These blue chip funds bundle multiple blue chip stocks into a single security, offering a simple way to diversify across many high-quality stocks. These investment vehicles also tend to be less volatile than individual stocks, which can be particularly appealing for people who are retired or nearing retirement. Those stocks also often broke millennial offer stable earnings, stable earning growth , stable dividend payments, and sometimes even stable dividend growth. Are you unsure how blue-chip companies and their stocks could impact your investments? Perhaps, you’re asking yourself, ‘what are blue chip stocks? Blue chip stocks are smart choices for investors of all kinds.

Dividends are especially attractive if you’re investing for income, as many investors do in retirement. A blue-chip stock is a stock that comes from a well-known, established company. Blue-chip stocks have a strong history of performance and often pay dividends. And when investors turn to the financial press, they find that analysts and advisors will offer different opinions. The truth is that over the years, there’s a case to be made for both. More than a broker, Admirals is a financial hub, offering a wide range of financial products and services.

By reinvesting those dividends you would buy 22.66 new shares without having had to add any of your own money. With an Invest.MT5 account, traders can create their own investment portfolio and choose from thousands of stocks and ETFs. You can trade and invest in companies from around the world, including Apple, BT, CitiGroup, Google, Facebook and many more. The EURO STOXX 50 Index may represent some of the most well-known European blue chip stocks. The index covers Europe in general, the Eurozone, and Eastern Europe.