New 52-Week High: 2 Multibagger PSU Stocks Defy Weak Market, Gain Over 7%

Two public sector undertakings managed to defy weak market trends on September 27 and ended up gained over 7% today. Both the stocks also hit their new 52-week high value as well. These stocks are Power Finance Corporation and Housing and Urban Development Corporation Ltd. Power Finance shares rallied 7.50% intraday and Housing & Urban Development Corporation shares soared 7.93% on BSE. Meanwhile, Sensex fell 70.28 points on Wednesday to 65,887.85 at the time of writing the story.

Power Finance Corp share Up 8%: Large cap Power Finance Corp stock witnessed a rally of 7.70% in trade today to Rs 252.60 per share on BSE. Its 52-week high price is Rs 254.10 per share and 52-week low price is Rs 80.68 per share, respectively. Power Finance Corp has a market capitalisation of Rs 83,360.59 crore.

Power Finance Corp stock gained 112% in last 6-months, soared 110% YTD, jumped 196% in last 1-year, and offered shareholders return of 269% in last 3-years.

About Power Finance Corp: Incorporated on July 16th, 1986, Power Finance Corporation Ltd. is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the Country. PFC's registered office is located at New Delhi and regional offices are located at Mumbai and Chennai.

Housing and Urban Development Shares Soar 7.93%: HUDCO shares rallied 7.93% intraday to Rs 90.21 per share on BSE at 12:58 pm. Its 52-week high price is Rs 91.75 per share and 52-week low price is Rs 34.65 per share, respectively. Its market capitalisation is Rs 17,977.06 crore. Housing and Urban Development stock gained 22% in last 1-week only, soared 118% in last 6-months, and rose 155% in last 1-year. HUDCO share offered shareholders return of 178% in last 3-years.

About HUDCO: Our Company the Housing and Urban Development Corporation Ltd (HUDCO), is the premier techno-financing public sector enterprise, in the field of housing and infrastructure development in our country. With an authorized capital of Rs 2,500 crore, as on date HUDCO has a paid up equity of Rs. 2,001.90 Crore.

Disclaimer

The stocks just highlight the rally in share and are not recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.