Ten Blue Chip Stocks

With the Sensex now in four digits (8701 on 24/10/08)and most of the stocks down to one-third of their last year’s value, investors with a long-term horizon can use the market crash as an opportunity to accumulate blue-chip stocks.

ETIG has identified 10 scrips that a long-term investor can start accumulating in the current slump. The following stocks have been selected based on their current valuations and relative historical earnings multiples.

ACC, Castrol India, Kesoram Industries, LIC Housing Finance, Madras Cements, Petronet LNG, SAIL, SKF, Tata Steel & Tata Chemicals

Source - ET