Money DOUBLE In a Year! 5 promising PSU stocks

Authored by : ET Now Digital Updated May 1, 2024 | 07:47 PM IST Photo : ET Now Digital Top 5 PSU Stocks List: These stocks can give good returns in near future.

Top 5 PSU Stock List: Public Sector Undertaking (PSU) stocks have given good returns in the past one year, with several of them have doubled investors' wealth. S&P BSE PSU Index has gained 95.02 per cent in the last one year. By May 1, 2024, the index stands at 20,097 points.

Let's have a look at 5 PSU stocks that can give promising returns in near future: NTPC stock NTPC limited (erstwhile National Thermal Power Corporation) is an Indian central Public Sector Undertaking under the ownership of the Ministry of Power. The Company engages in setting up power plants and power generation through its coal-based and gas-based power plants.

NTPC boasts a market cap of Rs 3.52 lakh crore as per BSE analysis, with PE ratio of 19.36.

The stock has performed well in the past few years. The stock has appreciated 17.32 per cent year to date. The one- and three-year returns stood at 111.66 per cent and 253.90 per cent. NTPC stocks have given 274.95 per cent returns.

NTPC ltd stock's current market price stands at Rs 363.10 apiece on BSE, May 1, 2024.

GAIL (India) ltd Gail (India) ltd, which engages in natural gas, liquified natural gas and liquid hydrocarbon, is a central public undertaking. It was incorporated in 1984.

GAIL (India) ltd boasts a market cap of Rs 1.37 lakh crore, with PE ratio of 18.91. The current market price of GAIL stock stands at Rs 209 with a drop of -O.26 per cent.

The stock has given consistent good returns. The stock has appreciated 25.68 per cent this year till now. The one- and three-year returns stood at 94.87 per cent and 128.29 per cent. The stock has given a return of 201.59 per cent returns in a decade as per BSE analysis.

Oil and Natural Gas Corporation ltd ONGC is a CPSE under the ownership of Ministry of Petroleum and Natural Gas. ONGC boasts a market cap of Rs 3.55 lakh crore. ONGC stock closed at Rs 282.85 with a decline of -0.16 per cent on BSE, May 1.

The ONGC stocks have given continuous positive returns in the past few years. The stock has appreciated 37.81 per cent this year till now. The one- and three-year returns stood at 77.95 per cent and 160.57 per cent. The 10-year return of the stock stood at 30.16 per cent.

IRFC stock Indian Railway Finance Corporation is an India Public Sector Undertaking that engages in raising financial resources for expansion and running through capital markets and other borrowings.

IRFC boasts a market cap of Rs 2.05 lakh crore. The stock has given consistent positive returns in the past three years. The stock has given 394.50 per cent returns in the past one year. The two- and three-year return stood at 605.16 per cent and 638.26 per cent.

Power Fincorp stock Power Finance Corporation is an Indian CPSE under the ownership of the Ministry of Power.

PFC boasts a market cap of Rs 1.45 lakh crore, with a PE ratio of 20.30. The stock has given consistent positive returns in the past few years. The one- and three-year returns stood at 224.75 per cent and 408.99 per cent. The stock has given returns of 499.89 per cent in the last 10 years.

REC limited REC limited which is an erstwhile Rural Electrification Corporation Limited, under the ownership of the Ministry of Power.

REC has given positive returns in the past few years. The one- and three-year returns of the stock stood at 283.70 per cent and 427.12 per cent.

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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)