Top five stocks operating in multiple high-growth sectors
Subscribe to enjoy similar stories. New-age sectors such as green hydrogen, electric mobility and digital infrastructure have quickly emerged as high-growth stories that investors cannot ignore. These sectors are at the forefront of India’s economic transformation, driven by the government’s push for sustainability and technological advancement.
Leading this wave of change are a handful of industry veterans. Most of these have decades of expertise and are backed by the country’s top business houses. These companies are not only leveraging their traditional strengths but are also making strategic forays into future-ready industries.
They aim to ensure their relevance and resilience in a rapidly evolving market. With a blend of innovation, scale and deep-rooted expertise, these stalwarts are paving the way for long-term, multi-sectoral growth. Here are five such stocks that are capitalizing on India’s growth story across both legacy and emerging sectors.
L&T has transformed from an engineering company into a global conglomerate with operations in over 50 countries. Its expertise spans infrastructure, power, defence, IT, finance and real estate. Now, it’s stepping into high-growth sectors like green hydrogen, semiconductors, and data centres, aligning itself with India’s evolving growth story.
The company is a key player in India’s green hydrogen initiative, producing 45 kilogrammes of green hydrogen daily and scaling up capacity. Its joint venture with Indian Oil Corp. Ltd and ReNew Power, alongside a partnership with Mcphy Energy SA for electrolyzer technology, underscores its ambitions.
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