India’s Public Sector Undertakings (PSUs) play a vital role in the economy, with over 300 central PSUs contributing significantly to various sectors. In FY23, their cumulative profit was around Rs 2.49 lakh crore, showcasing their importance in driving industrial growth, infrastructure development, and socio-economic progress.
Here are the PSU stock trading at discount up to 23%:
Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Gujarat Narmada Valley Fertilizers & Chemicals Limited is an India-based firm that manufactures and sells fertilizers, industrial chemical products, and information technology (IT) services.
With a market capitalization of Rs 10,009.60 crore, the shares closed at Rs 680.85 per share, which decreased around 0.76 percent as compared to the previous closing price.
The company hit its 52-week or all-time high in Jan 2024 at Rs. 814.85 apiece and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 16 percent.
Looking at the company’s financial statements, the revenue increased by 1 percent from Rs. 2,088 crores in Q3FY24 to Rs. 2,110 crores in Q4FY24. In addition, the net profits zoomed by 33 percent from Rs. 95 crores to Rs. 127 crores during the same period.
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Indian Renewable Energy Development Agency Ltd
The Indian Renewable Energy Development Agency (IREDA) is a Mini Ratna (Category – I) government company that funds renewable energy projects, energy efficiency, and conservation initiatives.
With a market capitalization of Rs 69,330.89 crore, the shares closed at Rs 258.00 per share, which decreased around 5.23 percent as compared to the previous closing price.
The company hit its 52-week or all-time high in July 2024 at Rs. 310 per share and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 17 percent.
Looking at the company’s financial statements, the revenue increased by 8 percent from Rs. 1,391 crores in Q4FY24 to Rs. 1,510 crores in Q1FY25. In addition, the net profits zoomed by 13 percent from Rs. 337 crores to Rs. 384 crores during the same period.
Hindustan Copper Ltd
Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and the only vertically integrated copper-producing company. HCL is engaged in various processes right from copper mining to the final stage of converting copper into saleable products.
With a market capitalization of Rs 30,799.72 crore, the shares closed at Rs 318.50 per share, which decreased by around 3.28 percent as compared to the previous closing price.
The company hit its 52-week or all-time high in May 2024 at Rs. 415.60 per share and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 23 percent.
Looking at the company’s financial statements, the revenue increased by 41 percent from Rs. 399 crores in Q3FY24 to Rs. 565 crores in Q4FY45. In addition, the net profits zoomed by 96 percent from Rs. 63 crores to Rs. 125 crores during the same period.
Written by:- Abhishek Singh
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