Blue chip stocks are established, financially sound companies with strong governance, skilled management teams, and a proven track record. They offer stability, reliability and are included in major market indices. These stocks are known for their leadership position in their respective sectors and have strong bargaining power with the customer. They have a robust financial strength, can weather market fluctuations, and have a consistent track record of paying substantial and regular dividends. While being safe and low-risk investments, blue-chip companies command high valuations, generally above the broad-market, thus making them an ideal choice for long-term investors.
HUL share price: Nomura India had a target of Rs 3,175 on the stock at the end of December 2022, which it trimmed to Rs 3,125 in January and later to Rs 3,025 in April this year. It maintained that target in a quick note on June 6.
Stocks in focus today: The domestic market is gradually shifting towards a positive terrain, supported by FIIs inflows and positive Q4 earnings from banks. Wipro, Raymond, HUL, Bajaj Finserv are among the stocks to watch on Friday, April 28, 2023.