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This PSU defence stock is the top-performing stock of 2022, so far; do you own it?
Shreya Chaware
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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

 

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1 comments on article "This PSU defence stock is the top-performing stock of 2022, so far; do you own it?"

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dokisrinivasarao

Good updates

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