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Multibagger PSU: 5 Stocks Rose More Than Double In The Last One Year

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PSUs pay a significant amount of money to the government on a regular basis in the form of dividends, excise duty, customs duty, and corporate taxes. Any changes in government policies have a significant impact on PSUs.

 

The government's future stake reduction plans are inextricably linked to the government's fiscal imbalance, which is always a drag on stock prices. Stocks and indices in the public sector have outperformed the market. This outperformance isn't only restricted to the last several weeks.

The cause for this outperformance is a re-rating of PSU stocks as a result of the government's forceful actions, such as the sale of Air India to the Tata Group, which is a positive trigger for PSU stocks. This type of privatization aids in unlocking the stock market's enormous potential for growth. The performance of PSE Stocks generated fantastic returns in the previous year.

SAIL

SAIL

Steel Authority of India Limited, situated in New Delhi, India, is a government-owned steel producer. With an annual turnover of INR 66,267 crore for fiscal year 2018-19, it is owned by the Ministry of Steel, Government of India. SAIL was founded on January 24, 1973, and currently employs 64,628 people. Only 3.45 percent of trading sessions in the last 16 years had intraday drops of more than 5%. Annual sales growth of 11.83 percent surpassed the company's three-year CAGR of 6.4 percent. The stock returned 87.18 percent over three years, compared to 69.27 percent for the Nifty 100.

Nalco
 

Nalco

NALCO stands for National Aluminium Corporation Limited, which is a government-owned company with integrated and diversified operations in mining, metals, and power. It is owned by the Ministry of Mines of India. NALCO is currently 51.5 percent owned by the Indian government.

In the fiscal year ended March 31, 2021, the company generated a return on equity of 12.16 percent, surpassing its five-year average of 9.99 percent. Stock returned 45.09 percent over three years, compared to 80.73 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 45.09 percent, while the Nifty Metal returned 68.43 percent to investors.

BHEL

BHEL

Bharat Heavy Electricals Limited, situated in New Delhi, India, is a government-owned engineering and manufacturing company. It is owned by the Government of India's Ministry of Heavy Industries and Public Enterprises. For the fourth quarter in a row, the company has lost Rs 45.98 crore. The stock returned 3.0% over the last three years, compared to 80.73 percent for the Nifty Midcap 100.

Oil India Limited

Oil India Limited

Oil India Limited is the government's second-largest hydrocarbon exploration and production company. It is owned by the Indian government's Ministry of Petroleum and Natural Gas, with its operational headquarters in Duliajan, Assam.

In the fiscal year ended March 31, 2021, the company generated a ROE of 14.9 percent, surpassing its five-year average of 11.75 percent. Stock returned 11.29 percent over three years, compared to 80.73 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 11.29 percent, whereas Nifty Energy returned 70.09 percent to investors.

BEL

BEL

Bharat Electronics Limited is an aerospace and defence electronics business controlled by the Indian government. It primarily creates complex electronic goods for use on the ground and in space. BEL is one of India's Ministry of Defence's nine PSUs. Only 2.26 percent of trading sessions in the last 16 years had intraday gains of more than 5%. The stock returned 123.82 percent over three years, compared to 69.27 percent for the Nifty 100.

Multibagger PSU: 5 Stocks Rose More Than Double In The Last One Year

Multibagger PSU: 5 Stocks Rose More Than Double In The Last One Year

Company Last Price (Rs) One Year Return(%)
SAIL 121 218.84%
Nalco 100.30 196.75%
BHEL 99.90 141.13%
OIL 224 152.39%

BEL 219.90 130.50%

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.

Story first published: Wednesday, November 10, 2021, 10:02 [IST]
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