Indian headline gauges opened at an all-time high on Wednesday, posting gains of more than 1% each, led by gains in financial and oil and gas shares. The BSE Sensex reached a lifetime high of 63716.00 points, while the NSE Nifty 50 reached a lifetime high of 18908.15 points.
A lot happened in the past year to make investors jittery. This includes supply chain disruptions, inflation, interest rate hikes and the US Banking crises, but, the BSE Sensex delivered double-digit gains of 20.52% over the past year and the Nifty posted 19.85% gains.
On the other hand, here are a few PSU stocks that outperformed the benchmark indices to deliver multibagger returns:
Rail Vikas Nigam Ltd (RVNL)
The share price of this stock ascended from around ₹ 30 apiece levels to ₹ 124 apiece, delivering multibagger returns of 313%. RVNL is engaged in the business of implementing various types of Rail infrastructure projects assigned by the Ministry of Railways including doubling, gauge conversion, new lines, railway electrification and so on.
RVNL is a midcap company with a market capitalization of ₹ 25,708 crores. It has an ideal return on equity of 20.81% and an ideal debt-to-equity ratio of 0.88. Moreover, it has a dividend yield of 1.64%.
Hindustan Aeronautics Ltd (HAL)
Hindustan Aeronautics is engaged in the business of manufacturing aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures; and their repair and maintenance. It is also involved in the design and manufacture of jigs, fixtures and templates and pressure test fixtures.
The company’s share price increased from ₹ 1800 to ₹ 3695 apiece, delivering multibagger returns of 105% in one year. HAL is a large-cap company with a market capitalization of ₹ 1,22,423 crores. It has a high return on equity of 27.18% and is almost debt free. Moreover, it has a dividend yield of 1.53%.
Mazagon Dock Shipbuilders
The company is primarily engaged in building & repairing of ships, submarines and various types of vessels and related engineering products for various domestic and international clients.
Mazagon Dock Shipbuilders’ share price rose from ₹ 255 apiece to ₹ 1,241 in the past year delivering multibagger returns of 386%. It is a mid-cap company with a market capitalization of ₹ 25,354 crores. It has a high return on equity of 25.97% and is almost debt free. Moreover, it has a dividend yield of 1.42%.
UCO Bank
UCO Bank provides a wide range of banking and financial services including retail banking, corporate banking and treasury operations.
The bank delivered multibagger returns of 145% as its share price increased from ₹ 11.00 to ₹ 27. UCO Bank is a mid-cap stock with a market capitalization of ₹ 31,803 crores. It has a low return on equity of 7.44%.
Written By Simran Bafna
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