This financial year has been very good for government companies. A tremendous rise was seen in largecap, midcap and smallcap government shares. The result of this was that the PSU index of BSE has increased from 9,497 points to 18,274 points and has given a return of 92.40 percent to its investors.
The reason for the rise in PSU shares in the current financial year is the capital expenditure by the government, due to which government companies are getting big orders. In the interim Budget 2024, the government has set a target of capital expenditure of Rs 11.11 lakh crore, which is 3.4 percent of the GDP.
These shares gave returns of up to 458 percent
There are 56 stocks in the BSE PSU index. Of these, 37 stocks have given returns ranging from 100 percent to 458 percent to their investors. IRFC is on top in this list. This stock has given a return of 458 percent to investors in FY24. Whereas, HUDCO has been at second place with a return of 359 percent. MRPL has been at third place in giving returns and has given 330 percent return to investors. Cochin Shipyard, IRCON International, REC, SJVN, NBCC, RVNL, BHEL, PFC and NLC India have given returns ranging from 200 percent to 300 percent to their investors in FY24.
Apart from this, stocks like Mazagon Dock Shipbuilders, Hindustan Copper, ITI, Engineers India, Indian Overseas Bank, Punjab National Bank, Bank of Maharashtra, Central Bank of India, General Insurance Corporation of India, HAL, Punjab and Sindh Bank are included. MMTC, Union Bank of India, The New India Assurance Company, Oil India, KIOCL, UCO Bank, NHPC, Mishra Dhatu Nigam, Bharat Electronics, IOC, Canara Bank, Coal India, HPCL and NALCO have given their investors top 100 in FY24. Has given returns ranging from 195 percent.
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