6 PSU stocks with over 250% return in 1 year
PSU stocks are some of the best performer stocks in the last one year. The central government's emphasis on PSU in the last decade has comprehensively changed the fortunes of PSU stocks and many of them have turned multibaggers in the last one year. PSUs such as Indian Railway Finance Corporation, Cochin Shipyard, HUDCO, Mangalore Refinery, and Hindustan Copper have been the table toppers in the year-long period.
PSU stocks have been the game-changer under the current political dispensation. As many as 37 of them have given multibagger returns in the last one year. Some of the PSU stocks that are ruling the S&P BSE PSU Index are Indian Railway Finance Corporation, Cochin Shipyard, HUDCO, and Mangalore Refinery.
Here's a list of 6 PSU stocks on S&P BSE PSU Index with at least 252.82 per cent returns in the last year. (Data source: Value Research).
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Indian Railway Finance Corporation
Indian Railway Finance Corporation
The PSU stock at the top has given returns of 393.63% in the last one year. Its three-year returns are also impressive at 85.77%.
Cochin Shipyard
Cochin Shipyard
The shipyard building company has given returns of 352.26% in the one-year period.
HUDCO
HUDCO
The company that is the latest to get a Navratna status has given 326.95% returns to its shareholders in a year.
Mangalore Refinery
Mangalore Refinery
The oil refinery is also one of the toppers with returns to the tune of 317.77%.
SJVN
SJVN
The company, formerly known as Satluj Jal Vidyut Nigam, has given a return of 273.87% in the year-long period.
Ircon International
Ircon International
The company into the construction business has given returns of 252.82%.