These PSU stocks have doubled year till date: Do you own them
Nifty PSE has outperformed Nifty 50 in every period in the last one year.
The last couple of weeks have not been very kind to the equity market especially the frontline equity indices. Nevertheless, PSU stocks and indices have been outperforming the market. And this outperformance is not limited to the last couple of weeks. Nifty PSE, an index that comprises 20 stocks that are listed on the National Stock Exchange (NSE) where 51% of company's outstanding share capital is held by the Central Government and/or State Government, directly or indirectly, has generated a return of 46% while Nifty 50 in the same period has given a return of 28.14%. Even month to date Nifty PSE has outperformed Nifty 50. The reason for such outperformance is the re-rating of PSU stocks owing to some assertive steps by the government such as the sale of Air India to Tata Group, which is a positive trigger for PSU stocks. Such privatization helps to unlock huge potential opportunities for stocks.
Following table shows the performance of Nifty 50 and Nifty PSE
|
Period |
NIFTY 50 |
NIFTY PSE |
|
MTD |
1.39% |
2.01% |
|
3m |
10.20% |
12.71% |
|
6m |
23.59% |
27.41% |
|
YTD |
28.14% |
46.09% |
|
1Y |
50.45% |
78.33% |
The table above shows that Nifty PSE has outperformed Nifty 50 in every period in the last one year.
National Aluminium Company: The stock is up by 225%, year till date. It has rallied from Rs 44 at the start of the year to Rs 100 on November 4, 2021. This rise was primarily driven by the rise in aluminium prices, which surged to their record high.
Oil India: The share price of this Maharatna Company is up by 202%, year till date. A share of Oil India was available at Rs 108 at the start of the year, which has now gone up to Rs 220. Again rise in energy prices has helped the company’s share price to outperform.
There are other companies on the list such as BHEL, SAIL among others that are up by more than 50% has helped investors to create wealth.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7641.20 | 85.5 (1.13%) |
| CAC 40 | 8040.36 | 17.95 (0.22%) |
| DAX | 17860.80 | 123.44 (0.7%) |
| Dow Jones | 38239.98 | -0.01 (0%) |
| FTSE 100 | 8026.55 | 131.33 (1.66%) |
| Hang Seng | 16511.69 | 0 (0%) |
| US Tech Composite | 15456.31 | 0 (0%) |
| Nikkei 225 | 37438.61 | 0 (0%) |
| S&P 500 | 5010.60 | 0 (0%) |
| Gift Nifty | 22458.00 | 254.5 (1.15%) |
| Shanghai Composite | 3044.60 | 0 (0%) |
| Taiwan Weighted | 19411.22 | -115.9 (-0.59%) |
| US 30 | 38265.60 | 3.9 (0.01%) |
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