As many as 30 PSU stocks have turned multibaggers in the last one year. Not just that, as many as 6 of them have given returns of more than 250% in the same period.
The primary reason for such high-level growth in these stocks is the central government's focus on the 'Make in India' project, where PSUs are getting project orders in abundance.
Here's a list of 6 PSU stocks with over 250% returns in the 1 year (As per Value Research data).
The shipyard building company tops the list with 361.55% returns in the 1 year. Its stock closed at Rs 1,287.45 on BSE on Monday.
Indian Railway Finance Corporation
The railway PSU has given a return of 333.43% in the year-long period. The company's stock closed at Rs 1,447.20 on Monday.
The power finance company has given returns of 285.26% in the 1 year. The stock of the PSU ended trading on Monday at Rs 516.65.
The company that got Navratna status last month has given a 274.21% return in the 1 year. It closed trading at Rs 213.80 on Monday.
The refinery PSU has given 258.89% returns in the 1 year. Its closing price on Monday was Rs 229.40.
The company that mines copper ore has given 254.23% returns in the 1-year period. Its stock closed trading on Monday at Rs 377.45.