Public Sector Undertakings (PSUs) in India are government-owned corporations that play a crucial role in the country’s economy and infrastructure development. Established primarily through nationalisation efforts beginning in the 1950s, these entities were created to provide essential services and promote equitable economic growth.
The government holds at least 51 percent of the paid-up share capital in PSUs, allowing it to control management and operations. PSUs are categorised based on their financial performance and operational autonomy into several groups: Maharatna, Navaratna, and Miniratna. According to a few sources, the President of India publicly holds 77 stocks with a net worth exceeding Rs. 33.5 lakh crores.
Following are a few Public Sector Undertakings (PSUs) stocks under Rs. 50, with high Piotroski score of up to 9:
1. Bank of Maharashtra
With a market cap of Rs. 34,319.7 crores, the stock moved up by nearly 1.2 percent to Rs. 47 on BSE, during Monday’s trading session. As per the December 2024 shareholding pattern with BSE, the President of India held a 79.6 percent stake in the Bank of Maharashtra. Additionally, the company’s Piotroski score stands at 7.
In Q3 FY25, the bank’s Net Interest Income (NII) increased by around 19.4 percent to Rs. 2,943.6 crores, while the net profit grew by nearly 36 percent YoY to Rs. 1,406.7 crores.
Bank of Maharashtra is engaged in the business of providing banking services, with segments including treasury, corporate/wholesale banking, retail banking and other banking operations.
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2. NBCC (India) Limited
With a market cap of Rs. 19,883 crores, the stock moved up by nearly 2.2 percent to Rs. 74.5 on BSE, during Monday’s trading session. As per the December 2024 shareholding pattern with BSE, the President of India held a 61.75 percent stake in NBCC. Additionally, the company’s Piotroski score stands at 8.
In Q3 FY25, the company’s revenue from operations increased by around 16.6 percent to Rs. 2,827 crores, while the net profit grew by nearly 24.6 percent YoY to Rs. 142 crores.
NBCC (India) Limited, a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs, operates in three major segments – project management consultancy, engineering procurement & construction, and real estate.
3. Balmer Lawrie Investment Limited
With a market cap of Rs. 1,343 crores, the stock moved up by nearly 2.4 percent to Rs. 62.9 on BSE, during Monday’s trading session. As per the December 2024 shareholding pattern with BSE, the President of India held a 59.67 percent stake in Balmer Lawrie. Additionally, the company’s Piotroski score stands at 9.
In Q3 FY25, the company’s revenue from operations increased by around 8 percent to Rs. 633 crores, while the net profit fell by nearly 6 percent YoY to Rs. 64 crores. Balmer Lawrie Investments Limited is engaged in the business of industrial packaging, greases & lubricants, leather chemicals, etc.
Written by Shivani Singh
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