This PSU defence stock is the top-performing stock of 2022, so far; do you own it?
Some of the PSU stocks have fared attractive returns to investors on a YTD basis as well as in the past year.
Between the period of 2018 and 2020, the PSU stocks showed underperformance, owing to lesser flows in exchange-traded funds well as the economy not performing up to the mark. Beating the previous underperformance, the PSU stocks gained momentum after October 2020 with the BSE PSU index soaring around 106 per cent from October 2020 to date.
The defence stocks hold a special inclination among the PSU baskets, owing to the predicted investment cycle for the coming five to ten years. The defence projects and their related procurements are usually long-term and substantial in quantity, which gives them the potential to grow very well. The shares of Bharat Electronics, Bharat Dynamics, and Hindustan Aeronautics have rallied decently well in the last one year. The rally has also extended over into PSU banks and energy names.
Some of the PSU stocks have fared attractive returns to investors on a YTD basis as well as in the past year.
Here is the list of the top performing PSU stocks in 2022, along with their one-year performance:
Company Name |
Sector |
Industry |
Latest Market Cap (Rs crore)
|
YTD Returns (per cent) |
1 year returns (per cent) |
Bharat Dynamics Ltd |
Capital Goods |
Defence |
15,048.31 |
110.09 |
107.44 |
Hindustan Aeronautics Ltd |
Aviation |
Airlines |
79,995.52 |
97.4 |
73.09 |
Mangalore Refinery And Petrochemicals Ltd |
Crude Oil |
Refineries |
12,574.90 |
66.28 |
67.05 |
Bank Of Baroda |
Bank |
Bank - Public |
68,960.11 |
62.72 |
70.74 |
Coal India Ltd |
Mining |
Mining & Minerals |
1,43,437.50 |
59.36 |
58.12 |
Bharat Electronics Ltd |
Capital Goods |
Engineering - Industrial Equipments |
79,359.83 |
55.17 |
67.63 |
Indian Bank |
Bank |
Bank - Public |
23,949.83 |
37.85 |
57.17 |
Mazagon Dock Shipbuilders Ltd |
Ship Building |
Ship Building |
7,665.23 |
36.27 |
55 |
NTPC Ltd |
Power |
Power Generation/Distribution |
1,63,291.86 |
35.37 |
45.24 |
Rashtriya Chemicals and Fertilizers Ltd |
Chemicals |
Fertilizers |
5,596.88 |
33.14 |
37.75 |
NLC India Ltd |
Power |
Power Generation/Distribution |
11,363.49 |
32.07 |
58.2 |
Canara Bank |
Bank |
Bank - Public |
44,328.27 |
22.24 |
56.63 |
NHPC Ltd |
Power |
Power Generation/Distribution |
37,970.23 |
22.13 |
38.21 |
State Bank Of India |
Bank |
Bank - Public |
4,79,921.00 |
16.79 |
25.36 |
Mishra Dhatu Nigam Ltd |
Iron & Steel |
Steel & Iron Products |
3,851.71 |
13.59 |
10.99 |
Rites Ltd |
Capital Goods |
Engineering |
7,187.43 |
13.53 |
9.02 |
BEML Ltd |
Capital Goods |
Engineering - Industrial Equipments |
7,589.50 |
10.86 |
35.77 |
Power Grid Corporation Of India Ltd |
Power |
Power Generation/Distribution |
1,56,947.69 |
10.11 |
29.91 |