In the campaign to become self-sufficient in defense, many stocks became multibagger in 2022, got up to 250% return

Defense Stocks In 2022: The year 2022 has seen a great boom in the stock market in many sectors, including sectors like banking, metals. But the stocks of defense companies listed in the market have also given multibagger returns in 2022. Some of these stocks have also given multibagger returns.

Many companies related to the defense sector are listed on the stock exchange, ranging from Hindustan Aeronautics (HAL) to Bharat Dynamics (Mazagoan Dock Share), BEML (BEML). Many private sector companies are also getting listed in the market these days, which are in the field of defense manufacturing and have given money to the investors. Let us see how defense stocks have given returns in 2022.

Mazagon Dock becomes multibagger stock

Mazagon Dock Share has been the star performer of 2022. In 2022, this share was trading at Rs 224, which is now trading at Rs 805. However, this stock has also touched a high of Rs.936. That is, in 2022, this stock has given a return of 256 percent to its investors.

Bharat Dynamics gave excellent returns

Bharat Dynamics has also proved to be a multibagger stock in 2022. At the beginning of this year, this stock was trading around Rs 400, which is now trading at Rs 954. Defense company BDL has given its investors a return of up to 139 per cent in 2022 and many brokerage houses are still bullish on this stock.

Garden Reach Shipbuilders becomes multibagger stock

The share of Garden Reach Shipbuilders, a defense manufacturing company, has also given multibagger returns to its investors in 2022. The share of this company, which was trading at Rs 199 a year back, is now trading at Rs 484. The share of Garden Reach Shipbuilders has given a return of 143 per cent in 2022.

The boom in HAL continues in 2022 as well.

The stock of Hindustan Aeronautics has also proved to be a multibagger stock. In the beginning of this year, the share of HAL was trading at Rs 1200, which is trading at Rs 2538. This stock has given 111% return to investors in 2022. Let us tell you that in March 2020, this stock was trading around Rs.500. That is, since the beginning of Corona till now, this stock has given a return of 400%.

Cochin Shipyard also shines

Cochin Shipyard’s share related to shipbuilding sector has also given excellent returns to the investors. At the beginning of this year the stock was trading at Rs 340 which is now trading at Rs 538. This stock has given a return of 60%. However, this stock also made a high of Rs.687.

Bharat Electronics also did wonders

Shares of defense company Bharat Electronics have also given excellent returns to investors in 2022. At the beginning of this year, this stock was trading at Rs 69, which is now trading around Rs 101. The stock of Bharat Electronics has given a return of 46 per cent in 2022.

Why there is a boom in defense sectors

In fact, the Government of India wants to make the country self-reliant in the field of defense by eliminating the dependence on imports. That’s why Make in India is being promoted. The government has banned the import of many defense equipment and has made a rule for manufacturing in the country itself. The order book of defense public sector companies is excellent. So now private companies are also setting foot in manufacturing. The benefits of promoting defense manufacturing in the country are visible on the shares of these companies.