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Top Performing Large-Cap Companies to Watch in 2024

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Published Date: 22 Oct 2024Updated Date: 25 Oct 20246 mins readBy MOFSL
Large cap stocks

Large-cap stocks are like the brand ambassadors of the Indian Stock markets. They are well-established companies and have a long history of success and a market capitalisation of over Rs 10 billion.

They offer stability due to the financial strength of the companies, with low exposure to market volatility. These companies have a long operational history of trust among investors.

Large-cap stocks are always in high demand and easy to trade. Investing in large-cap stocks can be an effective way to balance risks in a portfolio, especially during market downturns.

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In this blog, let us learn about the top 10 companies in the Indian stock market.

S.No.

Name

Market Capital (in Crores)

Quarterly Net Profit (in Crores)

1

Reliance Industries

2717.55

19323

2

Tata Consultancy Services

4123.05

11955

3

HDFC Bank

1681.15

17188.05

4

Bharti Airtel

1707.85

4717.5

5

ICICI Bank

1263.2

12462.81

6

Infosys

1878.85

6516

7

State Bank of India

819.95

20094.36

8

Hindustan Unilever

2715.65

2612

9

ITC

486.65

5176.99

10

Life Insurance Corporation

935.05

10527

 

Reliance Industries Ltd

Reliance Industries is led by Mukesh Ambani. They operate across sectors like oil-to-chemicals, retail, digital services, oil and gas exploration, and media.

Its O2C business contributes 57% of revenues, and refines crude oil into fuels and petrochemicals, with major facilities in Jamnagar and other locations.

The retail segment contributes 23% and operates 15,200 stores across categories like groceries, electronics, fashion, and pharma, along with e-commerce platforms like JioMart and Ajio.

Jio, the digital services arm, serves 410 million subscribers with wireless and broadband connectivity and holds 36% market.

HDFC Bank Ltd

HDFC Bank is India’s largest private sector bank by assets and the world’s tenth-largest by market cap as of May 2024. HDFC Bank is one of three systemically important banks in India and holds a 15% share of banking sector advances and 37% of private sector advances as of FY24.

Bharti Airtel Ltd

Bharti Airtel Ltd is one the world’s largest telecom providers and operates across 18 countries. It offers broadband, DTH, and digital services under brands like Airtel Payments Bank, Airtel IQ, and Nxtra data centres.

ICICI Bank

ICICI Bank is the second in line in the private sector bank space in India. They offer financial products and services to retail, SME, and corporate customers. The ICICI Group is also involved in sectors such as life and general insurance and housing finance.

Infosys Ltd

It is India’s second-largest IT company. Infosys Ltd provides consulting, technology, outsourcing, and next-generation digital services and helps clients achieve their digital transformation goals.

Tata Consultancy Services Ltd

TCS is a global leader in IT, consulting, and business solutions. TCS has been helping some of the world’s largest companies in their digital transformation journeys

The core services segment offers traditional IT solutions, such as application management, proprietary software development and product engineering.

State Bank of India

State Bank of India is India’s largest and oldest bank, with over 200 years of history. As a Fortune 500 company, it operates as a public-sector banking and financial services body with a multinational presence.

Hindustan Unilever Ltd

Hindustan Unilever is a leader in the FMCG sector and focuses on Home Care, Beauty & Personal Care, and Foods & Refreshments. It operates manufacturing facilities across India and offers over 900 products tailored to 14 consumer segments. 

The Beauty & Personal Care segment accounts for 42% of its revenue.

ITC Ltd

ITC is the largest cigarette producer in India and operates across five business areas: FMCG Cigarettes, FMCG Others, Hotels, Paperboards & Packaging, and Agri-Business.

In FY22, 78% of ITC's revenue came from India, with the remainder from exports.

Life Insurance Corporation of India

LIC is India’s largest insurance company, holding over 66.2% market share in new business premiums. It offers both participating and non-participating products, including unit-linked

insurance, savings, term insurance, health plans, and annuity & pension products.

Wrapping Up

Incorporating large-cap stocks into your investment portfolio gives you a combination of stability, reliable income through dividends, and transparency in financial reporting.

They may not provide rapid capital appreciation but their ability to withstand market volatility makes them a foundation that you can depend on.

Building your portfolio around large-cap stocks ensures balance reduces risks and gives you a structured approach to wealth management.

For those seeking steady growth with lower exposure to market fluctuations, large-cap stocks are an essential component of a well-diversified portfolio.

 

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Popular Stocks: ICICI Bank Share Price | HDFC Bank Share Price | CDSL Share Price | UPL Share Price | TCS Share Price | BHEL Share Price | Trident Share Price | IRFC Share Price | Adani Power Share Price
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Disclaimer: The stocks, companies, or financial instruments mentioned in this blog are for informational purposes only and should not be considered as investment recommendations. It is advised to consult with your financial advisor before making any investment decisions. Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Investors are strongly encouraged to carefully read the risk disclosure documents prior to participating in market-related investments or trading activities. Due to the volatile nature of financial markets, no guarantees can be made regarding investment returns. Motilal Oswal Financial Services Ltd. does not offer any assured returns on market-linked securities. Please note that past performance of stocks or indices is not indicative of future results.
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