From RVNL to Cochin Shipyard - 6 PSU stocks with up to 100% return in 2024
PSU stocks list with up to 100% return in 2024: The PSU (Public Sector Undertaking) stocks have always been favourites among stock market investors. Many have delivered substantial returns with some giving up to 100 per cent return. The confidence of the investors in the PSU stocks is high as the market cap of these stocks has increased to around Rs 75 lakh crore from approximately Rs 13.5 lakh crore in March 2020.
PSU stocks list with up to 100% return in 2024
PSU stocks list with up to 100% return in 2024: According to Sanjay Moorjani, Research Analyst, SAMCO Securities, the expectations of the NDA government coming back to power are leading a rally in PSU stocks.
"The PSU Index has witnessed an extraordinary run over the past year and a half in the tenure of the Modi government. The government's persistent prioritization of power development, indigenous production for defence, railways and affordable housing projects has upheld investor enthusiasm in this sector. The expectations of the NDA government coming back to power is leading a rally in PSU stocks," Moorjani said.
Some PSU stocks that have delivered well are RVNL, Cochin Shipyard, HUDCO, IFCI, Bharat Dynamics and IRFC. Check full details.
PSU stocks list with up to 100% return in 2024: Cochin Shipyard
PSU stocks list with up to 100% return in 2024: The stock of Cochin Shipyard has given 181.07 per cent so far this year. The counter has a 52-week high of Rs 2100 and a 52-week low of Rs 239.60.
PSU stocks list with up to 100% return in 2024: HUDCO
PSU stocks list with up to 100% return in 2024: Housing & Urban Development Corporation Ltd or HUDCO has given around 101.20 per cent return this year. The 52-week high and low of this stock are Rs 277.95 and Rs 54.40 respectively.
PSU stocks list with up to 100% return in 2024: RVNL
PSU stocks list with up to 100% return in 2024: Rail Vikas Nigam Ltd or RVNL has surged over 104 per cent in 2024. The 52-week high and low of this stock are Rs 399.70 and Rs 110.50 respectively.
PSU stocks list with up to 100% return in 2024: IFCI
PSU stocks list with up to 100% return in 2024: IFCI Ltd, a public sector non-banking finance company, has gained 100.41 per cent so far this year. The counter has a 52-week high of Rs 71.70 and a 52-week low of Rs 10.95.
PSU stocks list with up to 100% return in 2024: Bharat Dynamics
PSU stocks list with up to 100% return in 2024: Defence PSU stock Bharat Dynamics Limited (BDL) has surged over 68.60 per cent this year. The counter has a 52-week low of Rs 1,650 and Rs 450.50.
PSU stocks list with up to 100% return in 2024: IRFC
PSU stocks list with up to 100% return in 2024: Indian Railway Finance Corporation Ltd (IRFC), an India-based financing arm of the Indian Railways, has gained 79.69 per cent in 2024. The 52-week high of the counter is 192.80 and the 52-week low is Rs 31.75.