Here are the top performing Indian stocks as of May 18, 2023:
- Yes Bank (YESBANK)
- TCS (TCS)
- SBI (SBIN)
- Infosys (INFY)
- Adani Power (ADANIENT)
- HDFC Bank (HDFCBANK)
- Reliance Industries (RELIANCE)
- Tata Consultancy Services (TCS)
- Kotak Mahindra Bank (KOTAKBANK)
- HDFC (HDFC)
These stocks have all outperformed the broader market in recent months, and they are seen as being well-positioned for continued growth in the coming years.
Yes Bank is a private sector bank that has been on a tear in recent months, with its stock price more than doubling since the start of the year. The bank has been benefiting from strong loan growth and a recovery in its asset quality.
TCS is India’s largest IT services company, and it has been a consistent outperformer over the past few years. The company is well-positioned to benefit from the continued growth of the global IT services market.
SBI is India’s largest public sector bank, and it has been recovering from a period of stress in recent years. The bank has been helped by a decline in bad loans and a pickup in loan growth.
Infosys is India’s second-largest IT services company, and it has been a strong performer in recent years. The company has been benefiting from the growth of digital transformation initiatives among its clients.
Adani Power is a power generation company that has been benefiting from the strong growth in India’s power sector. The company has a large portfolio of power projects, and it is well-positioned to benefit from the government’s focus on renewable energy.
HDFC Bank is India’s largest private sector bank, and it has been a consistent performer over the past few years. The bank has been benefiting from strong loan growth and a recovery in its asset quality.
Reliance Industries is India’s largest conglomerate, and it has been a strong performer in recent years. The company has been benefiting from the growth of its retail, telecom, and energy businesses.
Tata Consultancy Services is India’s largest IT services company, and it has been a consistent outperformer over the past few years. The company is well-positioned to benefit from the continued growth of the global IT services market.
Kotak Mahindra Bank is India’s fourth-largest private sector bank, and it has been a strong performer in recent years. The bank has been benefiting from strong loan growth and a recovery in its asset quality.
HDFC is India’s largest housing finance company, and it has been a consistent performer over the past few years. The company has been benefiting from the growth of the housing market in India.