Stock To Buy: Top 3 Bluechip Stocks With Highest 1-Year Returns

In recent months, equity markets have been extremely volatile. The stock markets have been on a roller coaster ride due to negative market sentiments caused by a multitude of factors. The market has fallen in the last 2 week. Amid this, every type of equity investment is under red sigh. Now, the investments are dependent on the investor's investment objectives, time horizon, risk tolerance, and the 1-year return or 3 years.

Blue-chip stocks to buy are those that are issued by financially solid and fundamentally strong blue-chip corporations with a large market capitalization and a prestigious market reputation. A Blue-Chip corporation is immediately identifiable, financially stable, and has a broad distribution network due to its size. These blue-chip stocks have a track record of delivering reliable results. Here are the top 3 bluechip stocks with the highest 1-year returns o investment you should know about.

Adani Total Gas Ltd

Adani Total Gas market capitalization is Rs 267,699.30 crore while writing this report. The current market price of the stock is Rs 2,430.15 per share. The stock is currently trading 10.62% down from its 52-week high level of Rs 2,740 per share. While it is up 215.72% from its 52-week low of Rs 774.95. 

 It has given returns of 52.82% in one year. While in 3 years it has given a positive return of 1,332.17%. The ROCE (Returns On Capital Employed) is 24.61% and ROE in 3 years is 27.25%. The P/E ratio of the stock is 530.46. While the sector P/E ratio is 28.25. 

It has a dividend yield of 0.01%. The company has delivered good profit growth of 28.92% CAGR over the last 5 years. It is expected to give a good quarter. The company has a good return on equity (ROE) track record: 3 Years ROE 27.25%

Oil & Natural Gas Corp Ltd (ONGC)

ONGC is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. ONGC's market capitalization is Rs 206,253.67 crore while writing the report. The current market price of the stock is Rs 163.90 per share. The 52-week low and the 52-week high of the stock are Rs 108.50 per share and Rs 194.95 per share, respectively. 

 
The stock is trading 15.93% down from the 52-week high per share level and 51.06% up from its 52-week low per share level. The stock has given positive returns of 32.67% in one year, whereas, in 3 and 5 years it has given negative returns. 

It has a dividend yield of 4.45%. Its ROCE is 16.83% while the ROE in 3 Years is 11.70%. The stock is providing a good dividend yield of 4.41%. The company has been maintaining a healthy dividend payout of 38.37%. The company has had a low return on equity of 11.70% for the last 3 years. 

 

ITC Ltd

ITC is the largest cigarette manufacturer and seller in the country. The company operates in five business segments at present - FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri-Business. While writing the report, the market capitalization of the company is Rs 332,790 crore. 

The current market price of the stock is Rs 270.05 per share. It is trading 4.55% down from its 52-week high of Rs 282.35 per share level, and 34.42% up from its 52-week low of Rs 200.90 per share level. Over one year the stock has given 29.03% positive returns. However, in 3 and 5 years, it has not performed well and has given negative returns. 

 
The stock is providing a good dividend yield of 4.26% and has been maintaining a healthy dividend payout of 91.68%. Its ROCE is 33.67 and its ROE in 3 years is 23.54%. The company is almost debt-free. However, it has delivered a poor sales growth of 7.24% over the past five years.

Disclaimer

The stock has been sourced from NSE. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.