These 4 stocks doubled the investment in 2023, more than 100% return in 2024 too.

New Delhi. Four major public sector companies have more than doubled investor capital in 5 months this year. Cochin Shipyard Ltd, Housing and Urban Development Corporation (HUDCO), Rail Vikas Nigam Ltd (RVNL) and IFFCI have returned 100 to 200 per cent returns to their investors so far this year. The highest profit (191 per cent) came from Cochin Shipyard. This has almost tripled the investment.

After that HUDCO has returned 109%, RVNL 108% and IFCI 102% return to its investors. It is worth noting that all these stocks had a return of above 100% last year as well. Then Cochin Shipyard returned 153 per cent to its investors, HUDCO 141 per cent, RVNL 166 per cent and IFCI 111 per cent.

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How is their business?
Cochin Shipyard’s profit rose 157% to Rs 783 crore in FY24. Its revenue also increased by 62%. Cochin Shipyard’s profit rose 7-fold to around Rs 259 crore in the fourth quarter. Its revenue during this period was Rs 1286 crore. HUDCO’s annual net profit rose 9.5 percent to Rs 700 crore. IFFCI became profitable after 5 years in FY24. In this financial year, the company earned a profit of Rs 128 crore.

Brokerages are fast.
Many brokerages remain bullish on these stocks, considering the strong financial condition of the companies and the bright future of the business. Brokerage firm Elara Capital has initiated coverage for the company with a Buy rating. Its target price is Rs 297. Apart from this, other shares have also received target prices from various brokerages.

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