Highlights The Russia-Ukraine war will have a significant impact on the global economy. It has been a week since Russia’s invasion of Ukraine started, and markets have been tumbling ever since. Investors are still looking for ways to maximise their gains even during these rough times by investing in growth stocks.

The Russia-Ukraine war has impacted stock markets globally, and therefore, the pessimism among investors is increasing day by day as the crisis is escalating. Overall, the market sentiment and investor confidence are weak, leading to a fall in equities worldwide. It has been a week since Russia’s invasion of Ukraine started, and markets have been tumbling ever since, while inflation has been rocketing. Oil prices have recently crossed the $100 per barrel mark, and food prices are also set to rise due to supply chain disruptions. Overall, the war has had a significant impact on the global economy.

Growth stocks to buy in March

Nevertheless, investors are still looking for ways to maximise their gains even during these rough times by investing in growth stocks. Growth stocks usually offer returns, which are above the market average and provide investors with capital gains when they sell off their shares later.

Even though growth stocks typically don’t perform well during times when inflation levels are high, there are still several promising growth stocks that may potentially provide solid returns even during this turmoil. However, investors should carefully analyse the companies, their financial position, and prospects before investing in growth stocks.

Here are 5 UK growth stocks which can potentially be added to your portfolio for generating good returns.

Top 5 UK growth stocks to buy in March

John Menzies plc (LON: MNZS)

The current market cap of UK-based aviation company John Menzies plc stands at £522.00 million as of 2 March 2022. John Menzies plc’s shares were trading at GBX 570.00, up by 0.35%, at 12:43 PM (GMT) on 2 March 2022. The company has delivered a significant return of 135.79% to its shareholders over the last one year as of 2 March 2022, while its year-to-date return stands at 83.69%.

Indivior plc (LON: INDV)

The current market cap of UK-based pharma business Indivior plc stands at £1,971.04 million as of 2 March 2022. Indivior plc’s shares were trading at GBX 283.00, up by 0.86%, at 12:47 PM (GMT) on 2 March 2022. The FTSE250-listed company has delivered a considerable return of 119.12% to its shareholders over the last one year as of 2 March 2022, while its year-to-date return stands at 10.16%.

Investec plc (LON: INVP)

The current market cap of the banking and wealth management firm, Investec plc, stands at £2,743.26 million as of 2 March 2022. Investec plc’s shares were trading at GBX 396.90, up by 0.71%, at 12:50 PM (GMT) on 2 March 2022. The FTSE250-listed company has delivered a return of 92.67% to its shareholders over the last one year as of 2 March 2022, however, its performance has deteriorated in 2022 and its year-to-date return stands at -1.44%.

The Watches of Switzerland Group plc (LON: WOSG)

The current market cap of the UK-based retailer of Swiss watches, (The) Watches of Switzerland Group plc, stands at £2,769.43 million as of 2 March 2022. Watches of Switzerland Group plc’s shares were trading at GBX 1,188.00, up by 2.77%, at 12:54 PM (GMT) on 2 March 2022. The FTSE250-listed company has provided a return of 88.93% to its shareholders over the last one year as of 2 March 2022, however, its performance has gone down in this year and its year-to-date return stands at -16.31%.

Riverstone Energy Limited (LON: RSE)

The current market cap of the Guernsey-domiciled company, Riverstone Energy Limited, stands at £314.24 million as of 2 March 2022. Riverstone Energy Limited’s shares were trading at GBX 576.00, up by 0.70%, at 12:58 PM (GMT) on 2 March 2022. The company has given a return of 93.95% to its shareholders over the last one year as of 2 March 2022, while its year-to-date return stands at 24.30%.