Stock Market

Fastest Growing Stocks in India 2023

Created on 26 Aug 2022

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Updated on 06 Apr 2024

Fastest Growing Stocks in India 2023

Who doesn't wish to be Warren Buffett 2.0? Everyone wants to be as successful as the renowned investor, but success in the stock market doesn't come in a day. However, some claim investing in the stock market can make you 'rich' overnight. As Saif Ali Khan's Bazaar and Abhishek Bacchan's The Big Bull (ironically, both movies were commercially successful) showed, it isn't the case.

The stock market is a platform where investors try and profit from buying or selling shares of various companies. But how can one know for sure which stock would be profitable?

Well, one has to learn to collate data, including technical aspects of a company's product or services, quarterly reports, and so on. This analysis will help us find the latest growth stocks in the market. But such analysis requires in-depth knowledge and consistent effort to understand the market trends. This blog is a comprehensive guide to familiarise yourself with the fastest-growing stocks in India in 2022.

Top 7 Fastest Growing Stocks in India

As per the Oracle of Omaha, Warren Buffet, "You can't buy what is popular and do well."   

You shouldn't go after the popular stocks in the stock market because they're already overpriced. Hence, you should judge stocks based on their growth. So let us take a quick look at the top 7 fastest-growing stocks in India. 

1. Reliance Industries

Reliance Industries (RIL) is one of the greatest multi-bagger stocks. The RIL owns the world's largest oil refining hub, generating high revenue from the gas and oil sectors. Reliance Industries has various businesses, like telecommunications, petrochemicals, mass media, energy, etc.

Reliance industries - company essentials

2. Gail India

Gail India is next on the list. It is one of the most undervalued stocks in the industrial sector. GAIL specialises in gas and fuel production. Due to the government's initiative to improve energy transition fuel, Gail India is expected to yield high profits in the coming years.

Gail india- company essentials

3. Adani Green

Adani Green Energy Limited is a prominent company in Ahmedabad that produces renewable energy sources. The Adani Group owns the company. Adani Green Energy falls under the sector of power distribution and power generation. As India is moving toward renewable energy, it makes it one of the fastest growing stocks in India in 2022.

Adani green - company essentials

4. IPCA Laboratories

IPCA Laboratories is a pharmaceuticals and drug company. It covers several pharmaceutical products like therapeutic drugs, anti-diabetic segments, etc. This company is widespread across the globe and sells its products in more than 100 countries, which has increased its total profit over the year, making it one of the Fastest Growing Stocks In India in 2022. 

IPCA Laboratories - company essentials

5. Mahindra & Mahindra

Mahindra & Mahindra is among the oldest multi-bagger stocks in India and commands a large section of the automobile market. The company specializes in the manufacture of cars and tractors for agricultural purposes.

Mahindra & mahindra- company essentials

6. Zen Technologies Ltd. 

Zen Technologies Limited is a growing company in the IT sector, one of the top manufacturers of drones. They also produce grenade simulators, small arms training simulators, aptitude testing systems, and other military weapons. Recently, the company was authorized with a production plan of ₹120 crores by the Indian government. 

Additionally, the company has shown extraordinary performance in the last few years and still has a lower share price. Thus, one could pick this undervalued stock while the prices are still lucrative.

Zen technologies ltd - company essentials

7. Hindustan Unilever

Hindustan Unilever (HUL) is one of the largest companies dealing in FMCG products. This company leads in manufacturing home products, personal care products, foods, and beverages. The company owns brands like Lifebuoy, Fair & Lovely, Sunsilk, Pepsodent, etc. 

Hindustan unilever - company essentials

Why should you invest in the stock market?

One of the main reasons for the popularity of the stock market is that this industry yields comparatively higher profits. Having said that, it's important to mention many also suffer losses due to poor strategy or planning. Then, why should one invest in the stock market? Here's why:

1. Start Small

New investors must start by investing small and consistently. Shares afford investors the ability to start small by buying individual shares or even funds related to the appropriate shares. These small investments have the potential for great upside in the long term if investors stay engaged consistently.

2. SEBI Protection

The Stock Exchange Board of India (SEBI) regulates the Indian stock market and is responsible for developing the stock exchanges and protecting the investors' rights. This helps them in minimizing the risks of any fraud by any company. Hence, stocks in India are some of the safest investment instruments as opposed to, say, cryptocurrencies or the like.

3. Easy Buying and Selling

Purchasing and selling various shares has become a smooth and hassle-free process. The investors can either install a broking app or employ help from brokers to invest in the desired stock. 

4. Diversification

The stock market presents a range of companies to invest in. After conducting proper research, investing one's capital in different shares balances the risk in the portfolio. Diversification minimises the risk of suffering significant losses. 

The Bottom Line

Even though these are the fastest-growing stocks in India in 2022, no one can predict the stock market with absolute accuracy. One needs to keep an eye on the financial market and its ups and downs.

People ignorant about the stock market must refrain from investing until they have sufficient knowledge. Staying patient, especially when the market goes down, is also essential.

Charlie Munger, an American billionaire, businessman, and investor, once said, "The big money is not in buying and selling but in waiting." So, are you ready to become the top investor in India? If yes, do not forget to mention our article during your successful interview (just kidding!).

According to you, which stocks have hit their "growth spurts" in recent memory? Let us know about it in the comments, and share the article with your friends and fellow investors!

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Varsha Chandnani

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Varsha Chandnani is our Financial Research Analyst.  An absolute Finance buff, she holds a Master’s in Securities Market from NISM and is extremely passionate about equity research and analyzing different business models.

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