Last year it rained money, this year also 4 PSU stocks are giving good returns.

New Delhi. The Indian stock market has been fluctuating for the past few days. Market Information: Until the results of the Lok Sabha elections are announced, investors who are in no position to take any risk are advised to stay away from the market. Continued rise in India VIX scares the market. A rise in the VIXK means there is still uncertainty in the market. But, the ongoing upheaval in the stock market has not affected some stocks at all and they continue to gain.

Today we will tell you about the shares of four such public sector companies, which gave investors multi-bagger returns in the last year i.e. 2023. This year too, the growth of these multi-bagger stocks has not been stopped yet and they have already doubled investors’ money in the first five months of 2024. Significantly, the recent upheaval in the market has not had any negative impact on these PSU shares.

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Shares of Cochin Shipyard rocketed.
Shares of Cochin Shipyard are earning well in 2024. This multi-bagger stock has given investors a return of 153% in 2023. So far in the year 2024, this stock has given a return of 196%. On Wednesday, May 29, the share closed at Rs 2,021 with a gain of 5.84%. In FY2024, the company’s net profit grew by 157% YoY to Rs 783 crore.

Hudco shares also made a lot of money
HUDCO is one of the largest and leading companies in housing project finance. This year too, this stock has grown tremendously. On Wednesday, the multi-beagger’s share closed at Rs 262.25, up 4.86 per cent on the NSE. In the year 2023, this stock gave 141% profit. Even in the year 2024, this multi-beagger stock has given 103% return so far. Brokerage firm Elara Capital had given a buy recommendation on the stock with a target price of Rs 297 after the March quarter results.

RVNL’s share is also galloping.
Shares of Rail Vikas Nigam Limited have also earned investors a lot of money. This railway stock has given 106% return till now in the year 2024. In the last year i.e. in the year 2023, this multi-beagger stock has given investors a return of 123%. On Wednesday, the stock closed marginally higher at Rs 375.30 on the NSE.

IFCI made a lot of money
IFCI, working under the Ministry of Finance, had given a multi-bagger return in the year 2023. This stock’s momentum continues in the year 2024. So far in the year 2024, this stock has given a return of 103%. On Wednesday, the stock closed at Rs 58.90, up 2.88 percent on the NSE.

(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).

Tags: business news, Money making tips, Multi bagger stock, Stock market, Stock tips