As we approach the last phase of 2024, taking a look at the performance of PSU stocks, the BSE PSU Index has given returns of around 29% in the last one year. This is much higher than the 11% return of BSE Sensex in the same period. In this, the top 10 stocks have given returns ranging from 139% to 48% this year. Let us know the list…
RVNL
Rail Vikas Nigam (RVNL) is a railway sector PSU company and has given returns of 139% so far this year. RVNL’s one-year returns are 145%.
Cochin Shipyard
It is a PSU company in the shipping sector and has given returns of 119% so far in 2024. Its one year returns are 129%.
Mazagon Dock
Mazagon Docks Shipbuilders is a shipping sector government company, which has delivered returns of 106% in the calendar year (CY24) so far. Its one year returns are 123%.
HUDCO
Housing and Urban Development Corporation Limited (HUDCO) is a government-owned company operating in the sectors of housing finance and infrastructure project finance. Its returns up to one year are 86%, while returns in one year are 128%.
Oil India
Oil India is involved in the business of exploration, development and production of crude oil and natural gas. Its YTD returns are 67%, while one-year returns are 68%.
NBCC
Formerly known as National Building Construction Corporation (NBCC), it has seen its share price gain 72% in the calendar year (CY24). Its one year returns are 80%.
NALCO
National Aluminum Company (NALCO) is a Navratna company and one of the largest bauxite, alumina, aluminum and power complexes in the country. Its CY24 returns are at 58%, while its one-year returns are at 95%.
BEL
Bharat Electronics Limited (BEL) is another Navratna company, which operates under the Ministry of Defence. Its one-year returns are 70%, while YTD returns are 57%.
HAL
Shares of Hindustan Aeronautics Limited (HAL) have given a return of 49% on a YTD basis. This company working in the aerospace and defense sector has given a return of 56% in the last 12 months.
IRFC
The Indian Railway Finance Corporation (IRFC) plays a vital role in the expansion of the Indian Railways and related institutions, financing a significant portion of its annual plan expenditure. Its YTD returns are 48%, while the last 12 months returns are 50%.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.