Last year they showered money, this year too these 4 PSU stocks are giving good returns

New Delhi. The Indian stock market has been fluctuating for the past few days. Market experts are advising those investors who are not in a position to take risks to stay away from the market until the results of the Lok Sabha elections are declared. The market is scared due to the continuous rise in India VIX. The rise in VIX means that there is still uncertainty in the market. But, the ongoing turmoil in the stock market has not affected some stocks at all and they are continuously making gains.

Today we will tell you about the shares of four such government companies, which gave multibagger returns to the investors last year i.e. in the year 2023. This year also, the boom of these multibagger stocks has not been curbed yet and they have doubled the money of the investors in the first five months of the year 2024. The special thing is that the recent turmoil in the market has not had any negative effect on these PSU shares.

Also read- This multibagger stock will run fast, brokerage told the target price, investors will be delighted

Cochin Shipyard share became a rocket
Cochin Shipyard’s stock is earning a lot in the year 2024. This multibagger stock gave 153 percent return to investors in 2023. So far in the year 2024, this stock has given 196 percent profit. On Wednesday, May 29, this stock closed at Rs 2021 with a gain of 5.84 percent. In the financial year 2024, the company’s net profit increased by 157 percent year-on-year to Rs 783 crore.

HUDCO shares also made a lot of money
HUDCO is counted among the big and leading companies in housing project finance. This stock has also seen tremendous growth this year. On Wednesday, this multibagger stock closed at Rs 262.25 with a gain of 4.86 per cent on NSE. In the year 2023, this stock gave a return of 141 per cent. In the year 2024 also, this multibagger stock has given a return of 103 per cent so far. Brokerage firm Elara Capital had advised to buy this stock for a target price of Rs 297 after the March quarter results.

RVNL stock is also running fast
The shares of Rail Vikas Nigam Limited have also made a lot of money for the investors. This railway stock has given 106 percent return so far in the year 2024. Last year i.e. in the year 2023, this multibagger stock gave 123 percent profit to the investors. On Wednesday, this stock closed with a slight rise at Rs 375.30 on NSE.

IFCI made a lot of money
IFCI, working under the Ministry of Finance, gave multibagger returns in the year 2023. The momentum of this stock remains intact in the year 2024. So far in the year 2024, this stock has given 103 percent profit. On Wednesday, this stock closed at Rs 58.90 with a gain of 2.88 percent on NSE.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 will not be responsible for any kind of profit or loss of yours.)

Tag: Business News, Money making tips, Multibagger Stocks, Share Market, Stock Tips