Top Blue Chip Stocks for 2019

The market looks good in 2019 as he lower crude price value goes lower with low inflation regime and the relatively stable currency after the mayhem if INR Here are some of the top stocks of 2019:- 1 ICICI bank ltd- Performance of ICICI bank is improving much this year the headline asset quality ratios had improved to 8.54 percent, the net NPA to 3.65 percent and the coverage ratio improved was 59.5 percent compared to GNPA of 8.81 percent, net NPA of 4.19 percent and coverage of 54.8 percent which was recorded in 2018-19. 2 Ashok leyland- Ashok leyland is also another beneficial stock for 2019 because is expected that it will provide 10-12 percent growth in volumes in FY19 on account of a pick-up in construction and infra-spending in the country.Ashok leyland has also improved its market share upto 35 percent in the medium and heavy commercial vehicle segment. 3 Relaxo Footwears Ltd- Relaxo footwear holds a dominant market share in the low priced space. The company is one of the leading performers in the footwear in the last few years clocking a revenue and PAT growth of 14 percent and 29 percent in last 5 yearsrnAnd also has an increasing customer base and focus on higher value products, we can expect equity return of ~23 percent for FY19-21E. 4 Britannia Industries which is one of the leading food products giant in our country which has premium product expansion and adoption by consumers is increasing its distribution reach and adding geographics overseas and its moderate commodity price will help britannia to become one of the leading stocks this year. 5 Asian Paints- Another big name and home decor giant of our country with double capacity ongoing expansion and traction in industrial and automotive coatings through joint ventures makes the company safe for investment it is expected to give 19 percent CAGR profit in 2019. Other than these there are more companies like reliance industries which gives jio’s beating performance than there is Titan limited which is expected to give 25 percent of EPS CAGR over FY18-20.To sum in 2018, there was a lot of volatility as benchmark indices touched fresh highs twice in a year and then retreated, but the year offered enough opportunities for long-term investors to buy at lower valuations. the good thing is that most of the macro headwinds in which the indian stock market has now become tailwinds. We have provided top penny stocks for 2019 traders can also avail our free stock tips