Ten most recommended stocks by analysts for 2022

Jan 1, 2022

By: Bhakti Makwana

Top stocks

Business Insider has shortlisted 10 stocks that were most common among recommendations from broking firms including HDFC Securities, ICICIdirect, Motilal Oswal and several others to invest for next year.

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Tech Mahindra — stock up 83 percent in 2021

IT firm Tech Mahindra is focused on next generation technologies including blockchain, cybersecurity, artificial intelligence, 5G and more, to enable digital transformation.

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SBI — stock up 64 percent in 2021

India’s largest bank with over 22,000 branches. Reduced bad loans, healthy amount of buffer capital have improved the lender’s prospects.

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Larson & Toubro — stock up 46 percent in 2021

The engineering, construction, manufacturing, technology and financial services conglomerate is expected to benefit from the large infrastructure projects coming up in India.

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ICICI Bank — stock up 40 percent in 2021

Analysts say the private bank is seeing a strong recovery across business segments ⁠— retail loans, corporate loans, as well as loans to small businesses.

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HCL Technologies — stock up 39 percent in 2021

The stock of the Noida-based tech services major is available at a significant discount to its larger peers like Infosys and TCS. Catch up rally, anyone?

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Bharti Airtel — stock up 35 percent in 2021

One of India’s remaining three telcos sees significant growth potential in expanding 4G coverage as well as the upcoming 5G wave.

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Tata Consultancy Services — stock up 28 percent in 2021

India’s biggest software exporter will remain a hot stock in 2021 given the rising wave of tech adoption across businesses, around the world.

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Reliance Industries — stock up 19 percent in 2021

India’s biggest listed company by market capitalisation has seen its mainstay energy business recover and the digital services segment boom.

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GAIL — stock up 4 percent in 2021

GAIL is a gas transmission and distribution company in India. Analysts say the proposed expansion into petrochemicals, specialty chemicals and renewables will help the company grow faster.

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HDFC Bank — stock up 4 percent in 2021

India’s largest private bank, and one of the street’s favourite stocks for decades, remains a common theme in most recommendations.

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New CEO of TCS Krithivasan gets a thumbs up from analysts who are betting on his experience & leadership skills