Have you ever wondered which bluechip stocks have not only survived but thrived in the turbulent market since COVID-19? While the pandemic reshaped the global economy, some companies emerged stronger, delivering outstanding returns.
As an investor, you must be keen to have these promising blue chip stocks in your basket. To help you understand the resilience and growth trajectory of these stocks, we have shortlisted the five most outstanding performers.
Best Bluechip Stocks Delivering Maximum Returns Since 2021
Since the second wave of the pandemic was more destructive, we have calculated the returns since 2021, after which the economy recovered significantly. Below, check out the current value of these stocks along with their 3-year returns as of 6th Sep ‘24:
1.     Coal India
- Current price: INR 497
- 3-year returns: 280.77%
In the blue-chip category, Coal India has been a surprising outperformer in the post-pandemic period. Currently, its shares are priced at INR 497 and returned as much as 280.77% to investors over the last three years.
As the world grappled with energy crises and supply chain disruptions, Coal India, the largest coal producer globally, witnessed a resurgence in demand. It ramped up production and capitalized on rising coal prices to make substantial gains. This helped it emerge as one of the top performers since the pandemic.
2.     Adani Enterprises
- Current price: INR 3015
- 3-year returns: 100.53%
Adani Enterprises delivered an impressive 100.53% over the past three years. The interests of this conglomerate range from energy to logistics. The aggressive growth strategy and strong fundamentals of the company helped it navigate turbulent waters. Even in the face of volatility in the post-Covid period, the stock prices rebounded sharply.
3.     ITC
- Current price: INR 511
- 3-year returns: 145.31%
ITC is a diversified conglomerate, foraying into the FMCG, hospitality, and tobacco sectors. It has been another strong performer. Currently, it is priced at INR 511 and has seen a robust return of 145.31% over the last three years.
The company expanded its FMCG business in recent years. Coupled with its steady tobacco revenues, it has performed consistently well in the post-pandemic period. The strong resilience of the company since the pandemic helped it deliver impressive returns.
4.     SBI
- Current price: INR 818
- 3-year returns: 97.48%
As the country’s largest public sector bank, SBI has delivered substantial returns since the peak of the pandemic. Currently, the stock is trading at INR 818. Investors reaped a return of 97.48%% in the last three years.
The strong financial performance of the bank has been driven by the improving quality of assets and robust loan growth. This significantly led to the price appreciation of the stock. SBI has also made significant efforts for digital transformation to adapt to changing market conditions. All these factors positioned it as a top choice among bluechip stocks.
5.     RIL
- Current price: INR 2,985
- 3-year returns: 36.57%
Reliance Industries, one of the largest conglomerates in the country, has shown resilience amidst the challenges posed by the pandemic. Currently valued at around INR 2985, it has returned 36.57% since 2021 to investors.
Interestingly, Reliance branched into digital services and retail, while dominating the energy sector. This significantly strengthened its performance throughout the pandemic.
Conclusion
If you are looking for stocks with strong fundamentals and resilience amidst adversaries for long-term investment, you might consider these blue chip companies. As the Indian economy continues to stride ahead in the post-pandemic world, these stocks continue to be attractive options for investors. To invest in these stocks, use a trading app.
