Morgan Stanley Capital International is an investment research firm that specialises in providing stock indices, assessing portfolio risk, and analysing performance. It is primarily known for its benchmark indexes, viz., the MSCI emerging market index and the MSCI frontier market index.
According to the recent report on Nuvama Alternative and Quantitative Research, MSCI holds 18.5 percent of Indian stocks in its portfolio. Among them, here are four PSU stocks that have seen a surge in their stock prices after being included in the MSCI index.
Listed below are the PSU stocks that have been added to the MSCI index
Union Bank of India
On Friday, Union Bank shares closed at Rs 147 per share,up 0.21 percent from the previous close price on the stock exchange. The bank has a market capitalization of Rs 1,11,909 crore.
The expected inflow of the company stands at $147 million at 87 million shares.
Considering the prime business parameters, the revenue from operations of the company increased by 22 percent, rising from Rs 20,966 crore in Q3 FY23 to Rs 2,5521 crore in Q3 FY24. Similarly, net profits increased by 60 percent, climbing from Rs 2,264 crore to Rs 3,625 crore.
The company delivered a multibagger return of 119 percent in one year. Furthermore, the return on equity and return on capital employed stood at 11.4 percent and 8.17 percent, respectively.
Union Bank of India is a public sector undertaking incorporated in 1919 engaged in the business of banking, retail banking, and other operations. The company operates in the segment of NRI banking services, along with a suite of treasury and remittance services.
NMDC LTD
On Friday, NMDC Ltd shares closed at Rs 231 per share, up 2.43 percent from the previous close price on the stock exchange. The company has a market capitalization of Rs 67,814 crore.
The expected inflow of the company stands at $161 million at 60 million shares.
Considering the prime business parameters, the revenue from operations of the company increased by 45 percent, rising from Rs 3,720 crore in Q3 FY23 to Rs 5,410 crore in Q3 FY24. Similarly, net profits increased by 62 percent, climbing from Rs 914 crore to Rs 1,482 crore.
The company delivered a return of 98 percent in one year. Furthermore, the return on equity and return on capital employed stood at 23 percent and 30.2 percent, respectively.
NMDC Ltd. is an indian based PSU stock engaged in the business of producing ore, viz. copper, rock phosphate, limestone, magnesite, diamond, tungsten, etc. The company produces over 40 million tons per year of iron ore at Chattisgarh.
Bharat Heavy Electricals Ltd
On Friday, Bharat Heavy Electricals Ltd shares closed at Rs 236 per share,up 3.49 percent from the previous close price on the stock exchange. The company has a market capitalization of Rs 82,003 crore.
The expected inflow of the company stands at $165 million at 61 million shares.
Considering the prime business parameters, the revenue from operations of the company increased by 5 percent, rising from Rs 5,263 crore in Q3 FY23 to Rs 5,504 crore in Q3 FY24. In the same period, the net profits of the company stood at Rs 42 crore in Q3 FY23, slipping to a net loss of Rs 149 crore in Q3 FY24.
The company delivered a multibagger return of 208 percent in one year. Furthermore, the return on equity and return on capital employed stood at 1.70 percent and 3.33 percent, respectively.
Bharat Heavy Electrical Ltd. is an indian based PSU stock engaged in the business of manufacturing power plant equipment. The company operates in the segments of transportation, transmission, defence, aerospace, etc.
Punjab National Bank
On Friday, Punjab National Bank shares closed at Rs 125 per share, up 2.46 percent from the previous close price on the stock exchange. The bank has a market capitalization of Rs 1,37,472 crore.
The expected inflow of the company stands at $187 million at 129 million shares.
Considering the prime business parameters, the revenue from operations of the company increased by 22 percent, rising from Rs 22,808 crore in Q3 FY23 to Rs 27,852 crore in Q3 FY24. Similarly, net profits increased by 241 percent, climbing from Rs 715 crore to Rs 2,441 crore.
The company delivered a multibagger return of 147 percent in one year. Furthermore, the return on equity and return on capital employed stood at 3.34 percent and 4.10 percent, respectively.
Punjab National Bank Ltd. is a public sector undertaking incorporated in 1894 engaged in
the business of banking, retail banking, and other operations. The bank’s product categories include personal, corporate, international, and capital services.
Written By Praveen R
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