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Equity benchmark indices Sensex and Nifty closed lower, tumbling more than 1 per cent on Friday, February 13, extending losses for a second straight session due to an across-the-board selloff, especially in metal, IT and commodity stocks, tracking sluggish global markets.
In a volatile session, the 30-share BSE Sensex crashed 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37 points, or 1.36 per cent, to hit an intraday low of 82,534.55. The 50-share NSE Nifty plunged 336.10 points, or 1.30 per cent, to settle at 25,471.10. In the intraday trade, it slumped 362.9 points, or 1.4 per cent, to hit a low of 25,444.30.
Public Sector Undertakings (PSUs) have been going through a moderate run for last 3 years, but some of them are delivering multibagger returns for some years. Sensex has grown 36.73 per cent in last 3 years; however, few PSU stocks including Bharat Electronics Limited (BEL) and Cochin Shipyard have delivered over 300 per cent return during this period.
Here's the list of PSU stock, which delivered over 300 per cent return in last 3 years.
Cochin Shipyard
Cochin Shipyard is a defence PSU that builds and repairs ships for the Indian Navy. Shares of the company closed at Rs 1,473.95 per share on Friday, February 15 -- which is 1.92 per cent below the previous close of Rs 1,502.85 apiece. The counter delivered a return of 526.87 per cent in last 3 years.
The company is a constituent of BSE 500 index and enjoys a market capitalisation of Rs 38,776.79 crore.
Rail Vikas Nigam Limited (RVNL)
RVNL takes contracts for railway projects. Shares of the company closed at Rs 309.05 per share on Friday, February 15 -- which is 1.42 per cent below the previous close of Rs 313.50 apiece. The counter delivered a return of 345.96 per cent in last 3 years.
The company is a constituent of BSE 200 index and enjoys a market capitalisation of Rs 64,437.55 crore.
HUDCO
Housing and Urban Development Corporation Ltd (HUDCO) is a housing and finance PSU. Shares of the company closed at Rs 195.60 per share on Friday, February 15 -- which is 2.83 per cent below the previous close of Rs 201.30 apiece. The counter delivered a return of 322.46 per cent in last 3 years.
The company is a constituent of BSE 500 index and enjoys a market capitalisation of Rs 39,157.16 crore.
NBCC (India)
NBCC (India) takes contracts for construction and engineering. Shares of the company closed at Rs 98.10 per share on Friday, February 15 -- which is 2.39 per cent below the previous close of Rs 100.50 apiece. The counter delivered a return of 322.66 per cent in last 3 years.
The company is a constituent of BSE 500 index and enjoys a market capitalisation of Rs 26,487 crore.
Bharat Electronics Limited (BEL)
Bharat Electronics Limited (BEL) primarily manufactures advanced electronic products for ground and aerospace applications. Shares of the company closed at Rs 435.40 per share on Friday, February 15 -- which is 1.90 per cent below the previous close of Rs 443.85 apiece. The counter delivered a return of 360.01 per cent in last 3 years.
The company is a constituent of BSE Sensex and enjoys a market capitalisation of Rs 3,18,267.77 crore.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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