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 Company	Market Cap (in crore)
1	Reliance Industries	8,63,022
2	Tata Consultancy Services	8,02,814
3	HDFC Bank	6,57,799
4	Hindustan Unilever Ltd	4,17,327
5	HDFC	3,76,546
6	Infosys	3,23,506
7	ITC	3,09,928
8	Kotak Mahindra Bank	2,98,474
9	ICICI Bank	2,92,859
10	State Bank Of India	2,76,161
11	Bajaj Finance Limited	2,18,605
12	Maruti Suzuki India	2,00,571
13	Larsen & Toubro	1,94,636
14	Bharti Airtel	1,94,358
15	Axis Bank	1,93,884
16	Oil and Natural Gas Corporation	1,70,945
17	Asian Paints	1,57,672
18	Wipro	1,47,992
19	HCL Technologies	1,47,197
20	Indian Oil Corporation	1,29,393
21	Bajaj Finserv	1,29,371
22	Nestle India	1,28,263
23	Coal India	1,26,121
24	NTPC	1,19,742
25	Ultratech Cement	1,17,274
26	HDFC Life Insurance Company	1,11,992
27	Avenue Supermarts (DMART)	1,06,038
28	Titan Company	1,04,153
29	Power Grid Corporation Of India	1,04,009
30	Sun Pharmaceutical Industries	1,00,883
31	Indusind Bank	96,365
32	Bharat Petroleum Corporation	94,511
33	Hindustan Zinc	90,325
34	SBI Life Insurance	87,200
35	Bajaj Auto	85,373
36	Adani Ports	79,056
37	Dabur India	78,723
38	Britannia Industries	69,873
39	Shree Cement	69,511
40	Mahindra & Mahindra	69,491
41	Tech Mahindra	69,454
42	Bandhan Bank	68,899
43	Godrej Consumer Products	68,115
44	Pidilite Industries	67,466
45	ICICI Prudential Life Insurance	64,278
46	Interglobe Aviation (Indigo)	59,464
47	GAIL India	58,529
48	Jsw Steel	58,160
49	HDFC AMC	58,001
50	ICICI Lombard General Insurance	56,185
51	Vedanta Limited	55,625
52	Eicher Motors	52,394
53	Hero Motocorp	50,923
54	Grasim Industries	50,530
55	Siemens	49,599
56	Marico	47,800
57	Bharti Infratel	45,969
58	DLF	45,605
59	Tata Motors	45,552
60	Tata Steel	45,342
61	Dr. Reddys Laboratories	45,181
62	Divis Laboratories	44,717
63	UPL Limited	44,325
64	United Spirits	43,983
65	Bosch	43,713
66	Hindalco Industries	43,558
67	Hindustan Petroleum Corporation	42,662
68	Havells India	42,480
69	Berger Paints India	40,823
70	Ambuja Cements	40,246
71	General Insurance Corporation	39,418
72	Petronet LNG	39,081
73	Bajaj Holdings & Investment	38,937
74	Bank Of Baroda	38,934
75	Cipla	38,563
76	Colgate Palmolive India	37,230
77	Motherson Sumi Systems	36,842
78	Procter & Gamble	35,929
79	Piramal Enterprises	35,100
80	Glaxosmithkline Consumer Health	34,823
81	United Breweries	34,508
82	Lupin	33,945
83	Container Corporation Of India	33,664
84	Punjab National Bank	32,632
85	NMDC	31,746
86	Aurobindo Pharma	30,856
87	Biocon	30,003
88	Zee Entertainment Enterprises	29,925
89	Power Finance Corporation	29,101
90	Torrent Pharmaceuticals	28,991
91	ACC	28,534
92	Info Edge (Naukri)	28,161
93	Larsen & Toubro Infotech	28,093
94	Adani Transmission	27,868
95	REC Limited	27,476
96	ABB India Limited	26,923
97	IDBI Bank	26,785
98	Kansai Nerolac Paints	26,498
99	Oracle Financial Services	26,375
100	Muthoot Finance	26,291

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.