Large Cap Stocks List: January 2020

The list of Large Cap Stocks in India is released twice a year – first list in January and the second list in July.

The January 2020 list takes the average market capitalisation of companies between July 2019 to December 2019.

The Top 100 companies with the highest average market capitalisation are called ‘Large Cap Stocks’.

Reliance Industries and TCS are the Top 2, followed by HDFC Bank, Hindustan Unilever and Housing Development Finance Corporation (HDFC).

The Top 10 Large Cap stock list is dominated by banks – four of them – HDFC, Kotak, ICICI and SBI.

Large Cap Stocks India

No.Large Cap CompanyMarket Cap
(in crore)
1Reliance Industries8,63,022
2Tata Consultancy Services8,02,814
3HDFC Bank6,57,799
4Hindustan Unilever Ltd4,17,327
8Kotak Mahindra Bank2,98,474
9ICICI Bank2,92,859
10State Bank Of India2,76,161
11Bajaj Finance Limited2,18,605
12Maruti Suzuki India2,00,571
13Larsen & Toubro1,94,636
14Bharti Airtel1,94,358
15Axis Bank1,93,884
16Oil and Natural Gas Corporation1,70,945
17Asian Paints1,57,672
19HCL Technologies1,47,197
20Indian Oil Corporation1,29,393
21Bajaj Finserv1,29,371
22Nestle India1,28,263
23Coal India1,26,121
25Ultratech Cement1,17,274
26HDFC Life Insurance Company1,11,992
27Avenue Supermarts (DMART)1,06,038
28Titan Company1,04,153
29Power Grid Corporation Of India1,04,009
30Sun Pharmaceutical Industries1,00,883
31Indusind Bank96,365
32Bharat Petroleum Corporation94,511
33Hindustan Zinc90,325
34SBI Life Insurance87,200
35Bajaj Auto85,373
36Adani Ports79,056
37Dabur India78,723
38Britannia Industries69,873
39Shree Cement69,511
40Mahindra & Mahindra69,491
41Tech Mahindra69,454
42Bandhan Bank68,899
43Godrej Consumer Products68,115
44Pidilite Industries67,466
45ICICI Prudential Life Insurance64,278
46Interglobe Aviation (Indigo)59,464
47GAIL India58,529
48Jsw Steel58,160
49HDFC AMC58,001
50ICICI Lombard General Insurance56,185
51Vedanta Limited55,625
52Eicher Motors52,394
53Hero Motocorp50,923
54Grasim Industries50,530
57Bharti Infratel45,969
59Tata Motors45,552
60Tata Steel45,342
61Dr. Reddys Laboratories45,181
62Divis Laboratories44,717
63UPL Limited44,325
64United Spirits43,983
66Hindalco Industries43,558
67Hindustan Petroleum Corporation42,662
68Havells India42,480
69Berger Paints India40,823
70Ambuja Cements40,246
71General Insurance Corporation 39,418
72Petronet LNG39,081
73Bajaj Holdings & Investment38,937
74Bank Of Baroda38,934
76Colgate Palmolive India37,230
77Motherson Sumi Systems36,842
78Procter & Gamble35,929
79Piramal Enterprises35,100
80Glaxosmithkline Consumer Health34,823
81United Breweries34,508
83Container Corporation Of India33,664
84Punjab National Bank32,632
86Aurobindo Pharma30,856
88Zee Entertainment Enterprises29,925
89Power Finance Corporation29,101
90Torrent Pharmaceuticals28,991
92Info Edge (Naukri)28,161
93Larsen & Toubro Infotech28,093
94Adani Transmission27,868
95REC Limited27,476
96ABB India Limited26,923
97IDBI Bank26,785
98Kansai Nerolac Paints26,498
99Oracle Financial Services26,375
100Muthoot Finance26,291

Some frequently asked questions related to large cap stocks:

How do you know if a stock is large cap?

SEBI has clearly defined the difference between large caps and others. The Top 100 companies with highest average market capitalisation for a period of 6 months are categorised as large cap stocks. The average market cap is calculated for January to June (6 months) and the list is released in July. The next list is calculated for the 6 month period between July to December. The second list is released in January.

Is Large Cap High Risk?

Investing in the stock market carries risk, but Large caps are less riskier than mid and small caps. The reason is simple. Large caps are the Top 100 listed companies of India. They are large and well-established businesses. If you have just entered the market and have to buy now, large caps are where you should start.

What is the difference between Blue Chip and Large Caps?

There is no major difference between Blue Chip and Large Cap stocks. Both are big and well-established business, with a huge customer base. SEBI hasn’t defined Blue Chips, so it become subjective. Whereas large caps are clearly defined by SEBI as the Top 100 listed companies.

Is it good to invest in large cap?

Yes. For new investors, large caps are safer than mid and small caps. It’s easier to manipulate the stock price of companies that have low market capitalisation, but it’s very difficult or almost impossible to manipulate the stock price of large caps. Also, since most large caps are well-established and professionally-managed companies – the chance of financial fraud is very low. In short, until you gain 3-4 years of experience in the stock market, stick to well-known large cap stocks.

Is the large cap stock list difference on NSE and BSE?

The large cap list is not prepared by NSE or BSE. It’s the Association of Mutual Funds in India that releases the list. The average 6-month market cap on both NSE and BSE are combined and the average is taken.
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