From Adani Green to HAL ⁠– these 10 stocks have defied the market meltdown

Jan 24, 2022

By: Rounak Jain

Credit: BCCL

Nifty50 has shed over 1,000 points in the last one week, after testing & crossing the 18,000 level a few times

Credit: BCCL

However, these 10 stocks have defied the market meltdown, gaining up to 40 percent since the beginning of 2022

Credit: BCCL

Top 10 stocks that defied the share market meltdown

Credit: Business Insider India

Adani Green

Gained nearly 40 percent in the last one month. Its energy sale doubled to 2.5 billion units in the December 2020 quarter when compared to a year ago.

Credit: Adani Green

Tata Elxsi

Its shares have surged 32 percent, after reporting an increase of 44 percent in profit and 33 percent increase in revenue in the December quarter.

Credit: Tata Elxsi

ONGC

The state-owned gas explorer’s shares gained over 20 percent, with the most-recent trigger being the announcement of commercial viability of a major gas block in Brazil.

Credit: ONGC

Hindustan Aeronautics

The state-owned defence manufacturer’s shares have surged 16 percent after announcing that the light combat aircraft Tejas will likely take flight in June this year.

Credit: Hindustan Aeronautics

AU Small Finance Bank

The private sector lender’s shares have surged 22 percent after it reported a growth of 27 percent in its assets under management, and strong growth across all its business segments.

Credit: AU Small Finance Bank

Cholamandalam Investment

The large-cap non-banking financial company’s shares have gained nearly 30 percent after it announced the launch of three new business verticals for consumer and enterprise segments.

Credit: Cholamandalam Investment

Reliance Industries, Vodafone Idea, Axis Bank, Deepak Nitrite and other hot stocks on January 24