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

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

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

Top 10 stocks that defied the share market meltdown

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.

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.

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.

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.

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.

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.