Public Sector Undertakings (PSUs) in India, contribute significantly to the economy, encompassing over 300 enterprises. With a combined turnover of approximately $350 billion, they operate in sectors like energy, mining, and infrastructure, generating substantial employment and accounting for nearly 20% of the nation’s industrial output.
Here are the 3 stocks whose net profit increased up to 77 percent YoY:
REC Limited
REC Limited is an India-based infrastructure finance company. The Company’s products are interest-bearing loans to state electricity boards, state power utilities/state power departments and the private sector for all segments of power infrastructure. It operates in one business segment which is lending to the power, logistic and infrastructure sector.
With a market capitalization of Rs 1.44 lakh crore, the shares were trading at Rs 549.85 per share, increasing around 0.58 percent as compared to the previous closing period.
The stock has delivered returns of 61.59 percent in the last six months and a multi-bagger return of 322.52 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 4.22 lakh in a year.
The company’s consolidated net profit numbers have showcased an increase from Rs 3,065 crores during Q4FY23 to Rs 4,079 crores in Q3FY24. The company’s net profit increased by 33 Percent in a year.
Hindustan Aeronautics Ltd
Hindustan Aeronautics Limited is an Indian firm that designs, develops, manufactures, repairs, overhauls, upgrades, and services a wide range of goods such as airplanes, helicopters, aero engines, avionics, accessories, and aerospace structures.
With a market capitalization of Rs 3.22 lakh crore, the shares were trading at Rs 4,818.70 per share, increasing around 1 percent as compared to the previous closing period.
The stock has delivered multi-bagger returns of 126.08 percent in the last six months and 208.13 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 3.08 lakh in a year.
The company’s consolidated net profit numbers have showcased an increase from Rs 2,841 crores during Q4FY23 to Rs 4,292 crores in Q4FY24. The company’s net profit increased by 51 Percent in a year.
Oil and Natural Gas Corporation Ltd
Oil and Natural Gas Corporation Limited is an India-based crude oil and natural gas company. The Company’s business segments include Exploration and Production, and Refining and Marketing. The Company is engaged in exploration, development and production of crude oil, natural gas and others.
With a market capitalization of Rs 3.57 lakh crore, the shares were trading at Rs 284.35 per share, increasing around 1.57 percent as compared to the previous closing period. The stock has delivered returns of 46.54 percent in the last six months and a return of 69.02 percent in a year.
The company’s consolidated net profit numbers have showcased an increase from Rs 6,478 crores during Q4FY23 to Rs 11,527 crores in Q4FY24. The company’s net profit increased by 77 Percent in a year.
Written by:- Abhishek Singh
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