PSU stocks, or Public Sector Undertakings stocks, refer to shares of companies that are owned by the government. These companies operate in various sectors such as energy, finance, manufacturing, and infrastructure.
They are also seen as a reflection of the government’s economic policies and can offer attractive dividend yields, making them a unique component of a diversified portfolio.
Listed below are such PSU stocks in which FII have increased their stake during Q3FY24:
SJVN Ltd
With a market capitalisation of Rs. 41,480 crores, the shares electricity generation company started Friday’s trading session on a flatter note at Rs. 101.35. The shares hit a high of Rs. 107.30, gaining around 5 percent, which is also recorded as the company’s fresh 52-week, and closed the day at Rs. 105 apiece.
The shares have delivered a multi-bagger return of 208 percent in one year to its shareholders. For example, if someone had invested Rs. 1 lakh in the company’s shares a year ago, then the worth of those shares would be Rs. 2.93 lakhs now.
During the recent financial quarters, Foreign Institutional Investors (FII) have increased their stake in the company by around 0.77 percent, i.e., from 0.91 percent holdings during the September 2023 quarter to 1.68 percent holdings during the December 2023 quarter.
Mangalore Refinery And Petrochemicals Ltd
With a market capitalisation of Rs. 31,012 crores, the shares of Mangalore Refinery And Petrochemicals started Friday’s trading session on a higher note at Rs. 180 compared to its previous close of Rs. 177.60. During the trading session, the shares hit a low of Rs. 175.55, making a loss of around 1 percent and closed the day at Rs. 177 apiece.
The shares have delivered a multibagger return of 203 percent in one year to its shareholders. For example, if someone had invested Rs. 1 lakh in the company’s shares a year ago, then the worth of those shares would be Rs. 3.03 lakhs now.
During the recent financial quarters, Foreign Institutional Investors (FII) have increased their stake in the company by around 1.01 percent, i.e., from 1.54 percent holdings during the September 2023 quarter to 2.55 percent holdings during the December 2023 quarter.
According to the BSE data, Ace Investor Mr Dolly Khanna, entering the stock in March 2021, currently holds 15,40,990 lakh equity shares equivalent to a 1.30 percent stake in this company. The current holding value of his investment amounts to Rs. 19.5 crores.
Housing & Urban Development Corporation Ltd
With a market capitalisation of Rs.31,882 crores, the shares house financing company started Friday’s trading session on a higher note at Rs. 138.60. The shares hit a high of Rs. 163, gaining around 17 percent, also recorded as the company’s fresh 52-week high and closed the day at Rs. 159 apiece.
The shares have delivered a multi-bagger return of 217 percent in one year to its shareholders. For example, if someone had invested Rs. 1 lakh in the company’s shares a year ago, then the worth of those shares would be Rs. 3.17 lakhs now.
During the recent financial quarters, Foreign Institutional Investors (FII) have increased their stake in the company by around 0.55 percent, i.e., from 0.65 percent holdings during the September 2023 quarter to 1.20 percent holdings during the December 2023 quarter.
Written By Vaibhav Patil
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