Best Large Cap Stocks in India to Watch in 2024

With the Indian economy slated to sustain its high-growth path, it makes sense for investors locally and globally to focus on the top large-cap stocks. Choosing large-cap stocks as a way of diversifying your portfolio contributes to their reliability because they have stable businesses, multiple business segments, and sound balance sheets. 

But with so many large-cap stocks to choose from, how do you know which ones are right for you? Don’t worry we’ll cover all about large-cap stocks, the best of them, the big winners and more in this blog. 

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Topics Covered

  • What are large-cap stocks?
  • Best large-cap stocks by market cap in 2024
  • Large-cap stocks with the highest 1Y return in 2024
  • Highest dividend-yielding stocks large-cap stocks
  • Large-cap stocks with highest 5-yr CAGR
  • Large-cap stocks with highest net profit margin
  • Factors to consider before investing in the best large-cap stocks
  • To conclude

What are large-cap stocks?

Large-cap stocks belong to companies with a market capitalisation of over ₹20,000 crores. Large-cap stocks from India have demonstrated good financial performance and a good reputation in the markets. Most large-cap stocks are also classified as blue-chip stocks. 

Best large-cap stocks by market cap in 2024

Let's review the biggest large-cap stocks in India for 2024, sorted by massive market capitalisation. These behemoths of the Indian industry provide a combination of development potential and stability:

Name of the stock

Industry

Market Cap in Cr.

Reliance Industries Ltd

Refineries

1983361.85

Tata Consultancy Services Ltd

IT - Software

1401212.93

HDFC Bank Ltd

Banks

1146563.74

ICICI Bank Ltd

Banks

749392.19

Large-cap stocks with the highest 1Y return in 2024

Established titans provide security, but some investors long for the thrill of tremendous growth potential. Let's look at large-cap stocks that, thus far in 2024, have produced remarkable results:

you can also checkout top Minning stocks in India 

Name of the stock

Industry

Market Cap in Cr.

1Y yield in %

Cochin Shipyard Ltd

Shipbuilding

50,315.51

620.34

Indian Railway Finance Corp Ltd

Specialised Finance

240,460.51

494.18

Jupiter Wagons Ltd

Rail

21,653.66

408.21

Suzlon Energy Ltd

Renewable Energy Equipment & Services

62,554.81

338.60

Highest dividend-yielding stocks large-cap stocks

Seeking capital appreciation together with a consistent source of income? Historically paying out large dividends, large-cap stocks can be a strong choice. Let's examine a few of the best options available to dividend-hungry investors:

Name of the stock

Market Cap in Cr.

Dividend Yield

Indian Oil Corporation Ltd

233354.36

7.26%

Vedanta

165245.81

6.64%

Coal India

293992.69

5.09%

ONGC

325955.04

4.34%

 

Large-cap stocks with highest 5-yr CAGR

Large-cap stocks with outstanding Compound Annual Growth Rates (CAGR) throughout the last five years merit a closer examination by long-term growth investors. These businesses could be serious contenders for your portfolio because they have shown steady growth potential:

Stock Name

Sector

Market Cap in Cr.

5Y CAGR

5Y CAGR

Linde India Ltd

Chemical

32,411

49.72

49.72

Tata Elxsi Ltd

IT

39,599

43.67

43.67

KPR Mill Ltd

Textile

20,288

32.78

32.78

Bajaj Finance Ltd

Finance

3,74,342

30.18

30.18

 

Large-cap stocks with highest net profit margin

Not all large-cap companies are created equal. Some are very good at increasing profits; they have stunning net profit margins. Because these businesses show a good capacity to turn sales into profits, value-conscious investors find them to be appealing:

Stock Name

Market Cap in Cr.

PE Ratio

QTR Proft Var

5Y OPM

Nestle India

245467.67

76.98

25.79

23.36

Waaree Renewables

22596.75

152.64

341.65

22.90

Colgate-Palmolive

80279.32

60.01

19.59

30.45

Nippon Life Ind.

37773.65

34.11

73.17

61.37

Factors to consider before investing in the best large-cap stocks

Even if big-cap companies provide stability, a prudent strategy calls for thorough analysis. Here are some factors that you should consider before investing:

  • Evaluating the Company’s Financial Profitability and Solvency

When investing in large-cap stocks, it is crucial to take time to examine the performance and stability of the companies being considered. This entails rating factors such as earnings per share, price-earnings ratio, return on equity, and the debt-equity ratio.

  • Analyzing Dividend Strategies and Distribution

One key component of large-cap investment is the ability to analyze the dividend policies and payouts of different companies. Payout policy factors that investors should analyze include the company’s past dividend record, payout ratio, and whether dividends have paid regular increases or not.

  • Evaluating Market Capitalisation and Market Liquidity

Those who are interested in large-cap stocks should follow the market capitalisation and liquidity of the particular firm. Large-cap stocks are closely related to organizations that have a market capitalisation of over Rs 20,000 crores. 

To conclude

Therefore, investors should attempt to capture a mix of stocks rather than just a single category. This is helpful in diversifying risks and improving returns. Currently, while investing in large-cap, mid-cap, and small-cap stocks, investors also have adequate liquidity with a spectrum of time horizons.

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Kindly consult an expert before making any related decisions.

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