Top 5 Stocks That Performed Well Globally in 2022
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In 2022, despite the Nifty and Sensex dipping recently due to a sluggish economy and higher interest rates, a few Indian stocks have performed the best in the world. While banking stocks helped to perk up the credit demand, Adani Group stocks topped it all. Here, we will list the top 5 stocks that stood out in the financial index for 2022.
1. Adani Enterprises: Adani Enterprise Ltd. is led by Gautam Adani, who is an Indian billionaire, with the company having headquarters in Ahmedabad. It is one of the organizations that help new businesses to diversify in the ports-to-power industry such as airports, data centers, green energy, media, and cement. The return in 2022 for Adani Group stock came with a doubling effect. The Adani Enterprises Ltd. It is the second group with 117% growth in shares to become a part of the NSE Nifty 50 Index. By the end of September, it had already achieved this feat but retained the position as Adani Wilmar and Adani Power doubled in value.
2. Bank of Baroda: This public sector bank is also known as BoB. It has had positive earnings this year and gained over 110% because of net interest income and improved asset quality. These aspects together have aided the profit of the bank to reach heights, making it one of the top performers in stock for the year 2022.
3. Bharat Dynamics Ltd (BDL): Bharat Dynamics Ltd. has its headquarters in Hyderabad. Its date of incorporation is 16 July 1970. The government of India recognized this PSU (Public Sector Undertaking) under the Ministry of Defence. BDL has reached more than 130% outperforming defense stocks in contrast to the 2% growth in the BSE Sensex benchmark in 2022. It has been one of the leaders in manufacturing allied equipment and a base for guided missile systems for the Indian Armed Forces.
4. Karnataka Bank: Maintaining its bullish performance, its shares have soared in profits to an all-time high in the current fiscal year’s second quarter. This private sector bank has rallied around 135% returns in 2022.
5. Hindustan Aeronautics Ltd (HAL): Being a largecap Navratna CPSE firm, HAL has bagged 105% return operating as a giant in the industrial sector. It offers services and products, especially to the defence industry.
