Public Sector Undertakings (PSU) or Central Public Sector Enterprises (CPSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state/central governments.
Here are some of the well-known Public Sector Undertakings trading at a discount of upto 37 percent, which you can pick for your portfolio based on your evaluation and interests.
NBCC (India) Limited
NBCC is a Navratna central public sector enterprise, it is one of the largest realty CPSEs in India with operations in project management consultancy and realty development businesses in the domestic as well as foreign markets.
With a market capitalization of Rs. 20,052 Crores, the shares of NBCC (India) Limited were trading at Rs. 111.40, down 0.49 percent from its previous day’s close price of Rs. 111.95
NBCC (India) Limited hit its 52-week high price of Rs. 176.85 on February 5, 2024, comparing the same with its current market price of Rs. 111.40, it is trading at a discount of 37 percent.
Its revenue from operations grew by 20.92 percent from Rs. 1,587 Crores in Q3FY23 to Rs. 1,919 Crores in Q3FY24, accompanied by increasing profits of Rs. 49 Crores to Rs. 94 Crores.
Rashtriya Chemicals Limited
Rashtriya Chemicals Limited is engaged in the business of manufacturing, supplying, and, marketing industrial chemicals and fertilizers like urea, bio-fertilizers, soil conditioners, and many more.
With a market capitalization of Rs. 7,042 Crores, the shares of Rashtriya Chemicals Limited were trading at Rs. 127.65, down 1.20 percent from its previous day’s close price of Rs. 129.20.
Rashtriya Chemicals Limited hit its 52-week high price of Rs. 190 on January 20, 2024, comparing the same with its current market price of Rs. 127.65, it is trading at a discount of 33 percent.
Its revenue from operations declined by 21.34 percent from Rs. 6,235 Crores in Q3FY23 to Rs. 4,904 Crores in Q3FY24 accompanied by profits of Rs. 245 Crores to Rs. 11 Crores.
Mishra Dhatu Nigam Limited
Mishra Dhatu Nigam is engaged in the business of manufacturing superalloys, titanium, special-purpose steel, and other special metals used in industries like defence, aerospace, and others.
With a market capitalization of Rs. 6,876 Crores, the shares of Mishra Dhatu Nigam Limited were trading at Rs. 367, down 1.62 percent from its previous day’s close price of Rs. 373.05.
Mishra Dhatu Nigam Limited hit its 52-week high price of Rs. 547.50 on February 5, 2024, comparing the same with its current market price of Rs. 367, it is trading at a discount of 33 percent.
Its revenue from operations grew by 9.09 percent from Rs. 231 Crores in Q3FY23 to Rs. 252 Crores in Q3FY24, accompanied by profits of Rs. 38 Crores to Rs. 12 Crores.
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation is a dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets for supporting infrastructure development of Indian Railways, to finance the acquisition/creation of assets which are then leased out to the Indian Railways as a finance lease.
With a market capitalization of Rs. 1,78,058 Crores, the shares of Indian Railway Finance Corporation Limited were trading at Rs. 136, down 0.73 percent from its previous day’s close price of Rs. 136.80.
Indian Railway Finance Corporation Limited hit its 52-week high price of Rs. 192.80 on January 23, 2024, comparing the same with its current market price of Rs. 136, it is trading at a discount of 29 percent.
Its revenue from operations grew by 8.47 percent from Rs. 6,218 Crores in Q3FY23 to Rs. 6,742 Crores in Q3FY24, accompanied by profits of Rs. 1,633 Crores to Rs. 1,604 Crores.
Rail Vikas Nigam Limited
Rail Vikas Nigam Limited is a central public sector enterprise with a Navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects like doubling, gauge conversion, new lines, railway electrification, major bridges, etc.
With a market capitalization of Rs. 51,385 Crores, the shares of Rail Vikas Nigam Limited were trading at Rs. 246.45, up 0.26 percent from its previous day’s close price of Rs. 245.80.
Rail Vikas Nigam Limited hit its 52-week high price of Rs. 345.50 on January 23, 2024, comparing the same with its current market price of Rs. 246.45, it is trading at a discount of 28 percent.
Its revenue from operations declined by 6.44 percent from Rs. 5,012 Crores in Q3FY23 to Rs. 4,689 Crores in Q3FY24, accompanied by profits of Rs. 382 Crores to Rs. 359 Crores.
Written by: Bharath K.S
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