PSU Stocks can be 53% Cheaper in This Year, Can Give up To 81% Returns | Free Stock Tips

PSU Stocks can be 53% Cheaper in This Year, Can Give up To 81% Returns

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In the business of Monday, the BSE PSU index crossed its 18-month low level. The BSE PSU Index was at the 9159 level on January 1, closed at 7479 level on Monday. That is, the index has fallen more than 18% this year so far. During this period, shares of PSU companies are falling more than 53%. Many of these stocks are such that their fundamentals are strong and they are declining due to some issue. Experts believe that issues such as solvies will further accelerate in such select stocks. Brokerage House has also advised to invest in select stocks. 

Talking about the decline in stocks by 53 per cent this year, the PSU stocks have seen a decline of 53 per cent since January 1. While Punjab National Bank is down 53%, NBCC, Jammu & Kashmir Bank, GAIL, Bank of Baroda, BPCL, HPCL, Power Grid, NTPC, General Insurance, NMTC, Coal India, Elahaba Bank, Syndicate Bank, Nalco, Shares of Canara Bank, BHEL, IOB and ITDC are falling by 42 per cent. 

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NBCC is a government company working in NBCC Real Estate Development and Construction Business. The company also provides project management consultancy. The company has 10 regional or zonal offices across the country. The company's projects are in 23 states. The company takes the project in other countries also. The Government's Affordable Housing Scheme is a big opportunity for the company. Brokerage house ICICI Direct has set a target of Rs. 115 for the stock. For the current price of Rs 81, 42% returns in the stock. 

Container Corporation of India

operates under Container Corporation of India Rail Ministry. The company's core business cargo carrier, terminal operator, ware house operator and MMLP are in operation. In the fourth quarter, the company's revenues rose 12 per cent to Rs 1,559 crore annually. Domestic revenues have increased by 16 percent. Further, the company will have the advantage of increasing demand in the logistics sector. Brokerage house ICICI Direct has given a target of Rs. 1560 for the stock. For the current price of Rs 1241, the stock can get 26% return.

Mangalore Refinery & Petrochemicals Ltd. 

Mangalore Refinery & Petrochemicals Ltd is a miniaturally-owned company which falls under the Ministry of Petroleum and Natural Gas. ONGC is the parent company of the company. The company has been supplying fuel to Mauritius for a long time. The company's fourth quarter results have been predictable. Revenue of the company increased by 7.7% to Rs. 18753 crores on quarterly basis. Brokerage house ICICI Direct has set a target of Rs 130 for the stock. For current rate of 90 rupees, you can get 44 percent returns. 

J & K Bank

Jammu & Kashmir Bank's market share in its home state is around 50 per cent. Both the deposits and credits are doing better in Jammu and Kashmir on the front. Improve the asset quality of the bank. Credit growth is better and loan book has a growth of 10 percent on an annual basis. The bank's performance in retail, SME sector has been better. Brokerage house Prabhudas Liladhar has set a target of 100 rupees for the stock. In the current price of 55 rupees, the returns in the stock can get around 81 percent. 

NTPC
NTPC Limited is a public sector company which is engaged in Electricity Generation and Allied Activities Equities. The company's balance sheet is better and there is no shortage of cash. Nearly 16 per cent of the company's total capacity in thermal power is in the capacities. For the last 5 years, the company has been giving dividend yields on an average of 2.5 per cent. Brokerage house JM Financial has given a target of Rs. 220 in the stock. For the current price of Rs 155, the stock can get 41% returns. 

The content of this blog has taken from here:- https://money.bhaskar.com/news/MON-MARK-STMF-MRKT-infog-these-psu-stocks-may-give-up-to-81-per-cent-return-5902873-NOR.html